Northern Dynasty Reports Annual General Meeting Results
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VANCOUVER, BC / ACCESSWIRE / June 28, 2024 / Northern Dynasty Minerals Ltd. (TSX:NDM);(NYSE American:NAK) ("Northern Dynasty" or the "Company") announces the voting results from its 2024 Annual Meeting of Shareholders held on June 27, 2024 in Vancouver, British Columbia (the "Meeting").
1. At the Meeting, a total of 242,392,823 common shares were voted, representing 45.08% of the votes attached to all outstanding common shares as of the record date. All eight nominees were elected to the Company's Board of Directors. The voting results were as follows:
| DIRECTOR | FOR | % | WITHHELD | % |
| Ronald W. Thiessen | 104,117,094 | 67.32% | 50,543,856 | 32.68% |
| Robert A. Dickinson | 103,676,387 | 67.03% | 50,984,563 | 32.97% |
| Desmond M. Balakrishnan | 99,820,609 | 64.54% | 54,840,340 | 35.46% |
| Christian Milau | 150,096,488 | 97.05% | 4,564,462 | 2.95% |
| Kenneth W. Pickering | 142,992,015 | 92.46% | 11,668,935 | 7.54% |
| Wayne Kirk | 146,773,519 | 94.90% | 7,887,431 | 5.10% |
| Siri C. Genik | 149,738,730 | 96.82% | 4,922,220 | 3.18% |
| Isabel Satra | 143,491,139 | 92.78% | 11,169,811 | 7.22% |
2. Deloitte, Chartered Professional Accountants, were appointed auditor of the Company. Shares voted in person and by proxies received represented 211,172,640 (87.12%) votes FOR and 31,220,182 (12.88%) votes WITHHELD.
3. The ordinary resolution of disinterested shareholders to approve the 2024 Share Option Plan, as amended, for continuation for three years, until June 27, 2027, was not passed. Shares voted in person and proxies received represented 69,325,501 (48.20%) votes FOR and 74,511,276 (51.80%) votes AGAINST. This vote excluded 10,824,173 shares held by Insiders.
4. The ordinary resolution to approve the 2024 Non-Employee Directors Deferred Share Unit Plan (the "DSU Plan"), as amended, the related allocation renewal and authorization for grants pursuant to the DSU Plan for three years, until June 27, 2027 was passed. Shares voted in person and proxies received represented 120,396,749 (77.85%) votes FOR and 34,264,201 (22.15%) votes AGAINST.
5. The ordinary resolution to approve the 2024 Restricted Share Unit Plan (the "RSU Plan"), as amended, the related allocation renewal and authorization for grants pursuant to the RSU Plan for three years, until June 27, 2027 was passed. Shares voted in person and proxies received represented 120,534,831 (77.93%) votes FOR and 34,126,119 (22.07%) votes AGAINST.
There were non-votes recorded (but not voted) on each resolution as follows: 87,731,873 non-votes on the resolutions to elect each director except Desmond Balakrishnan, who received 87,731,874 non-votes; 1 non-vote on the appointment of auditor resolution; 87,731,873 non-votes on each of three resolutions to approve the Share Option Plan, Deferred Share Unit Plan and the Restricted Share Unit Plan, respectively. Non-votes are discretionary votes given to a broker by a US beneficial holder not allowed under Canadian Securities Regulations.