Sirios Resources Inc. Announces Results of Shareholder Meeting
Sirios shareholders approved a 1:15 consolidation and name change, paving the way for a preliminary economic assessment.
Sirios Resources Inc. held its annual general and special meeting of shareholders on October 30, 2026, where all resolutions were approved. The meeting included the election of seven directors and the reappointment of the independent auditor. Shareholders authorized a name change from "Sirios Resources Inc." to "Sirios Mining Inc." (and "Minière Sirièr Inc." in French), as well as a share consolidation on a 1-for-15 basis, resulting in one post-consolidation common share for every fifteen pre-consolidation shares.
Additionally, shareholders approved a new 10% "rolling" omnibus equity incentive plan for options, share units, and deferred share units. These corporate actions remain subject to final acceptance by the TSX Venture Exchange and the filing of articles of amendment under the Canada Business Corporations Act. The effective date for the name change and consolidation will be determined by the Board, with further details to follow.
Sirios Resources Inc. (SOI) held a shareholder meeting that resulted in a 1:15 share consolidation, reducing the company’s share count from approximately 671.9 million. The company also changed its name to Sirios Mining Inc. to reflect its progression from pure exploration toward advanced development and future production. Additionally, a 10% rolling equity incentive plan was approved as a mechanism for retaining management and key personnel, with no immediate dilutive impact until grants are made.
No new operational, financial, or exploration data was introduced. The market has already priced in the OVI Mining acquisition, the $25 million LIFE financing, and the ongoing Cheechoo drilling campaign. The meeting served as a procedural step to finalize the corporate structure.
Sirios Resources Inc. (SOI) is a gold exploration and development company focused on the Eeyou-Istchee James Bay region of Quebec. Its flagship asset is the 100%-owned Cheechoo Gold Project, which is in an advanced exploration stage with scalable open-pit potential and underground extensions. The company’s 2025 Mineral Resource Estimate includes 35 Mt indicated at 1.12 g/t Au (1,262 koz) and 42.7 Mt inferred at 1.23 g/t Au (1,688 koz). An exploration target has been defined at 31-40 Mt at 1.27-1.45 g/t Au.
Other assets in the portfolio include the Aquilon project, a 49% joint venture with Sumitomo Metal Mining, as well as PLEX, Corvet Est, Fagnant, and Lac Pau. In February 2026, Sirios Resources acquired OVI Mining Corp., adding district-scale land packages and historical resources to the company’s holdings. Management features CEO Jean-Félix Lepage and Executive Chairman Dominique Doucet, supported by a board with strong Osisko Development and mining finance expertise.