Falcon Energy Materials plc (TSX-V: FLCN) announced the results of its annual general meeting of shareholders held on June 18, 2026. All eight nominees listed in the management proxy circular were elected as directors, with a total of 38,944,710 ordinary shares, representing 22.90% of the company's issued and outstanding shares, voted in person or by proxy.
The elected directors received votes as detailed in the meeting results. Additionally, shareholders approved the appointment of Pricewaterhouse Coopers LLP as external auditors for Canadian legal requirements and Grant Thornton Audit and Accounting Limited for Abu Dhabi Global Market requirements, authorizing directors to set their remuneration.
A key resolution was the ratification and approval of the Amended and Restated Security Based Compensation Plans, which increase the number of ordinary shares reserved from 22,764,466 to 34,016,078 shares issuable under the Stock Option Plan, Deferred Share Units Plan, and Restricted Units Plan combined. The information circular detailing the amendments has been filed on SEDAR+ under Falcon's profile, and the plans are subject to final approval by the TSX Venture Exchange.
Falcon Energy Materials is focused on becoming a premier provider of natural Coated Spheroidized Purified Graphite (CSPG), a critical component for energy storage solutions. The company is developing a 26 ktpa CSPG production facility in Morocco, leveraging partnerships with leading Chinese technology firms and Tier One Moroccan partners. This strategic positioning is expected to enable consistent, high-quality supply to global markets, supporting the growing demand for energy storage and other emerging industries.
Matthieu Bos, President & CEO, and Matt Johnston, IR Advisor, are available for further information via the company's website at www.falconem.net. The company's shares trade on the TSX Venture Exchange under the symbol FLCN and on the OTCQB under FLCNF.
The approval of expanded compensation plans aligns with Falcon's growth strategy, as the company aims to become a go-to producer of natural CSPG. This move may signal confidence in the company's ability to execute its business plan, potentially impacting the graphite supply chain for energy storage. The industry may benefit from increased production capacity and innovation, as Falcon's partnerships bring advanced technological expertise and access to high-quality raw materials.
Forward-looking statements in the release involve risks and uncertainties, including project development, financing availability, regulatory approvals, and market conditions. The company cautions readers not to place undue reliance on such statements, which are based on current expectations and are subject to change.
