TIDEWATER RENEWABLES LTD. ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING

Tidewater Renewables Ltd. held its annual general meeting (AGM) on May 27, 2025, where significant voting results were announced, revealing robust shareholder engagement with 30,013,288 shares, equivalent to 82.431% of outstanding shares, cast during the meeting. Key resolutions included the election of four directors: Thomas Dea, Jeremy Baines, Jeffrey Hamilton, and Todd Moser, all of whom were confirmed by high approval rates, notably with Dea and Baines receiving 99.956% support. Hamilton, while still garnering substantial backing, saw a lower approval rate of 98.071%, indicating a slight divergence in shareholder opinion regarding his position.

The AGM also saw the re-appointment of Deloitte LLP as the corporation’s auditors. A non-binding advisory vote on the corporation's executive compensation strategy passed, demonstrating shareholder support for its management approach. The total votes for the directors reflected strong shareholder confidence, emphasizing a proactive and engaged investor base.

Tidewater Renewables is recognized as an energy transition company focusing on producing low carbon fuels, with a primary emphasis on renewable diesel. Founded in response to the increasing demand for renewable energy solutions in North America, the corporation aims to efficiently convert various renewable feedstocks, including tallow and used cooking oil, into low carbon fuels. This strategic focus positions Tidewater as a key player in the Canadian renewable fuels sector, with ambitions to enhance its operations through clean fuels projects and associated infrastructure that leverage established technologies.

For more detailed information, shareholders were encouraged to refer to the Management Information Circular dated April 7, 2025, and the Report of Voting Results available on SEDAR+.

Tidewater Renewables Ltd. (TSX: LCFS) has demonstrated its commitment to governance and strategic direction at its recent annual general meeting (AGM), where significant shareholder engagement was noted with approximately 82.4% of outstanding shares voted. The election of Thomas Dea, Jeremy Baines, Jeffrey Hamilton, and Todd Moser to the board, coupled with the re-appointment of Deloitte LLP as auditors, reflects a focus on maintaining strong oversight and financial integrity.

From a market perspective, Tidewater stands to benefit from the ongoing transition towards low-carbon fuels, a sector attractive to both investors and consumers alike. The corporation’s emphasis on renewable diesel production using diverse feedstocks positions it well to meet the growing demand within North America for sustainable energy solutions. The favorable vote on executive compensation suggests shareholder confidence in the management's alignment with long-term strategic goals, which is crucial for potential growth.

Investors should carefully observe Tidewater's performance metrics in the coming quarters, particularly as the market dynamics around renewable energy continue to evolve. The company’s ability to scale its production and expand its feedstock capabilities will be a significant driver of its competitive advantage. Additionally, monitoring regulatory changes that impact the renewable fuel space will be essential, as these can significantly influence operational efficacy and market appetite.

Given the strong backing from shareholders and a robust strategic framework, tidewater currently presents a favorable investment opportunity for those aligned with sustainable energy trends. However, potential investors should remain vigilant regarding market volatility and fluctuations in commodity prices affecting feedstock availability. Diversification within the renewable energy sector may also help mitigate risks associated with sector-specific challenges. Overall, maintaining a keen awareness of developments will enhance investment outcomes in Tidewater Renewables Ltd.