SRG:CC - SRG Announces Results of the Annual General Meeting

(TheNewswire)

Montreal, Quebec – TheNewswire - May 21, 2024 - SRG Mining Inc. (TSXV: SRG) (“ SRG ” or the“ Company ” ) today announced that all nomineeslisted in the management proxy circular were elected as directors ofthe Company at its annual general meeting of shareholders(“ AGM ”) held on Friday May 17 th , 2024.

A total of 57,508,748 common shares or 48.99% of theCompany’s issued and outstanding common shares as of the record datewere represented in person or by proxy at the AGM (the “ Represented Shareholders” ).

The following seven incumbent directors werere-elected:

The proposal to continue the Company out of the federaljurisdiction of Canada under the Canada Business Corporations Act andinto the jurisdiction of the Abu Dhabi Global Market (the“ Continuance ”), and subject to and upon the Continuance, the proposalto adopt the new articles of continuance as detailed in theinformation circular and proxy statement of the Company dated April15, 2024 and change of the Company name to Falcon Energy Materials plcwas approved by 93.01% of the Represented Shareholders.

The proposal to re-appoint Raymond Chabot GrantThornton, Chartered Professional Accountants, as external auditors andauthorize directors to fix its remuneration was approved by 99.99% ofthe Represented Shareholders.

About SRG Mining

SRG Mining is focused on developing the Lola GraphiteProject located in the Republic of Guinea, West Africa. The LolaGraphite Project has Proven and Probable Reserves of 42Mt at a gradeof 4.2% Cg. SRG aims to develop a fully integrated source of batteryanode material to supply the European lithium-ion and fuel cellmarkets. With attractive operating costs, proximity to Europeanend-markets and strong ESG credentials, the Company is poised tobecome a reliable supplier while promoting sustainability and supplychain transparency. SRG is committed togenerating sustainable, long-term benefits that are shared with thehost countries and communities where it operates.

For additional information, please visit SRG’swebsite at www.srgmining.com .

Contact:

Matthieu Bos                                                       Matt Johnston

President & CEO                                               Corporate DevelopmentAdvisor

Email: m.bos@srgmining.com Email: m.johnston@srgmining.com

Telephone: +1(604)443-3835

Neither the TSXV nor its RegulationServices Provider (as that term is defined in the policies of theTSXV) accepts responsibility for the adequacy or accuracy of thisrelease.

Forward-Looking Statements

This press release contains forward-looking informationor forward-looking statements within the meaning of applicablesecurities laws. Forward-looking statements are included to provideinformation about management’s current expectations and plans thatallows investors and others to have a better understanding of theCompany’s business plans and financial performance andcondition.

All statements, other than statements of historicalfact included in this press release, regarding the Company’sstrategy, future operations, prospects, plans and objectives ofmanagement are forward-looking statements.

Forward-looking information is based upon certainassumptions and other important factors that, if untrue, could causethe actual results, performance or achievements of the Company to bematerially different from future results, performance or achievementsexpressed or implied by such information or statements. There can beno assurance that such information or statements will prove to beaccurate. Key assumptions upon which the Company’s forward-lookinginformation is based include the Company’s expectation that it willbe able to obtain necessary disinterested Shareholders and TSXV’sapprovals with respect to the Cancellation and Replacement.

Readers are cautioned that the foregoing list is notexhaustive of all factors and assumptions which may have been used.Forward-looking statements are also subject to risks and uncertaintiesfacing the Company’s business, any of which could have a materialadverse effect on the Company’s business. Readers are directed tocarefully review the detailed risk discussion in the Company’sMD&A for the year ended December 31, 2023 filed on SEDAR+, whichdiscussion is incorporated by reference in this news release, for afuller understanding of the risks and uncertainties that affect theCompany’s business and operations.

Although the Company believes its expectations arebased upon reasonable assumptions and has attempted to identifyimportant factors that could cause actual actions, events or resultsto differ materially from those described in forward-lookingstatements, there may be other factors that cause actions, events orresults not to be as anticipated, estimated or intended. There can beno assurance that forward-looking information will prove to beaccurate, as actual results and future events could differ materiallyfrom those anticipated in such information. As such, these risks arenot exhaustive; however, they should be considered carefully. If anyof these risks or uncertainties materialize,actual results may vary materially from those anticipated in theforward-looking statements found herein. Due to the risks,uncertainties and assumptions inherent in forward-looking statements,readers should not place undue reliance on forward-lookingstatements.

Forward-looking statements contained herein arepresented for the purpose of assisting investors in understanding theCompany’s rationale behind its strategy and business plans, and maynot be appropriate for other purposes. The assumptions referred toabove should be considered carefully by readers.

The Company disclaims any intention or obligation toupdate or revise any forward-looking statements, whether as a resultof new information, future events or otherwise, except to the extentrequired by applicable law. The Company qualifies all of itsforward-looking statements by these cautionary statements.

Copyright (c) 2024 TheNewswire - All rights reserved.