Starcore shareholders approve all matters at AGM

Executive Summary

• Starcore International Mines Ltd. held its Annual General Meeting (AGM) on October 24, 2025, where shareholders approved key strategic initiatives, including a plan of arrangement to spin out mineral property interests in Ivory Coast and a private placement financing.
• The company announced a private placement offering to raise up to $5 million through the issuance of up to 20 million units at a price of 25 cents per unit.
• Following the AGM, the Board of Directors appointed new senior management, including Robert Eadie as President and CEO, alongside new COO, CFO, and Corporate Secretary.

Key Details

• Shareholder Approval: 48.75% of shareholders entitled to vote were present at the AGM. All matters presented received over 96% approval.
• Financing Terms:
  • Type: Private placement offering.
  • Gross Proceeds: Up to $5 million.
  • Units: Up to 20 million units.
  • Price: 25 cents per unit.
• Strategic Transaction: Approval of the plan of arrangement covering the spinout of the company's mineral property interests in Ivory Coast.
• Auditor Appointment: Baker Tilly WM LLP appointed as chartered professional accountants (auditor).
• Management Appointments (Subsequent to AGM):
  • Robert Eadie: President and Chief Executive Officer.
  • Salvador Garcia: Chief Operating Officer.
  • Gary Arca: Chief Financial Officer.
  • Cynthia Avelino: Corporate Secretary.
• Directors: All directors nominated by management were elected.

Notable Quotes

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