Falcon Energy Materials Elects Directors, Approves Compensation Plans at AGM

Falcon Energy Materials plc (TSX-V: FLCN) announced the results of its annual general meeting of shareholders (AGM) 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 (22.90% of outstanding shares) represented. Shareholders also approved the appointment of Pricewaterhouse Coopers LLP as external auditors for Canadian requirements and Grant Thornton Audit and Accounting Limited for Abu Dhabi Global Market requirements. Additionally, an ordinary resolution was passed to ratify and approve the Company’s Amended and Restated Security Based Compensation Plans, increasing the reserved ordinary shares from 22,764,466 to 34,016,078 under the Stock Option Plan, Deferred Share Units Plan, and Restricted Units Plan, subject to TSX Venture Exchange approval.

Falcon Energy Materials is a dedicated chemical refiner of natural graphite concentrate, aiming to become the premier provider of natural Coated Spheroidized Purified Graphite (CSPG), a critical component for energy storage solutions. The company is developing a state-of-the-art 26 ktpa CSPG production facility in Morocco, strategically partnered with leading Chinese technology firms and Tier One Moroccan partners. These partnerships provide advanced technological expertise, access to high-quality raw materials and chemicals, and a prime geographical location to deliver consistent, high-quality supply to global markets. The company's focus on sustainable growth and innovation positions it as a potential go-to producer for CSPG in emerging industries.

This news highlights key corporate governance milestones for Falcon, including the re-election of directors and approval of compensation plans, which are essential for attracting and retaining talent. The company's strategic partnerships and facility development in Morocco underscore its commitment to becoming a leader in the CSPG market, supporting the growing demand for energy storage solutions. For more details, visit the original release on NEWMEDIAWIRE or Falcon's website at www.falconem.net.