Falcon Energy Materials Announces AGM Results, Shareholders Approve Director Elections and Compensation Plans

Falcon Energy Materials plc (TSX-V: FLCN) announced the results of its annual general meeting of shareholders held on June 18, 2026, where all proposed resolutions were approved. The meeting saw representation of 38,944,710 ordinary shares, or 22.90% of the company's issued and outstanding shares as of the record date.

Shareholders elected all eight director nominees listed in the management proxy circular dated May 7, 2026. The directors will serve for the ensuing year. Additionally, Pricewaterhouse Coopers LLP and Grant Thornton Audit and Accounting Limited were appointed as external auditors for the company, in accordance with Canadian and Abu Dhabi Global Market legal requirements, respectively, with directors authorized to set their remuneration.

A key resolution passed was the ratification and approval of Falcon's Amended and Restated Security Based Compensation Plans, which increase the number of ordinary shares reserved from 22,764,466 to 34,016,078. These plans encompass the Stock Option Plan, Deferred Share Units Plan, and Restricted Units Plan. The amendments are subject to final approval by the TSX Venture Exchange, as detailed in the information circular filed on SEDAR+.

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 aims to deliver consistent, high-quality supply to global markets, supporting widespread adoption in energy storage and other emerging industries.

The approval of the compensation plans underscores shareholder confidence in Falcon's management and strategic direction. The increased share reserves will allow the company to attract and retain key talent through equity-based incentives, aligning with its growth objectives. As the company advances its CSPG production facility, these governance measures support its capital structure and operational plans.

Falcon's forward-looking statements in the press release highlight its aim to become the go-to producer of natural CSPG, with assumptions including successful development and financing of the production facility, continued partner performance, and favorable market conditions. Risks include volatile stock prices, commodity price fluctuations, and regulatory approvals. The company qualifies all forward-looking statements with cautionary language, noting they are based on current expectations and subject to uncertainties.

For additional information, Falcon's website at www.falconem.net provides further details on its operations and strategic initiatives.