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M&A / Property

Prime Mining Receives FOR Recommendation from Leading Independent Proxy Advisory Firm Regarding Plan of Arrangement with Torex Gold; Securityholders are Reminded of Voting Deadline for Upcoming Special Meeting

By The Northwire Desk — AI Analysis Sep 18, 2025 · 18:36 PRYM · 3.17 PRIME MINING CORP. J
PRYM · Price

Executive Summary

  • Glass Lewis, a leading independent proxy advisory firm, recommends Prime Mining shareholders vote FOR the proposed plan of arrangement with Torex Gold Resources.
  • Prime’s Board unanimously backs the arrangement and urges securityholders to vote by the September 25 deadline.
  • The special meeting to approve the arrangement is scheduled for September 29, 2025 at the Company’s Vancouver office.

Key Details

  • Proxy Advisory Recommendation: Glass Lewis states the transaction offers a “compelling balance of immediate value and long‑term upside,” citing the premium offered, strategic rationale, and continued participation in Torex’s growth.
  • Board Position: The Prime Mining Board of Directors unanimously recommends voting FOR the arrangement.
  • CEO Comment: Scott Hicks (CEO) says the independent FOR recommendation affirms that the plan is in the best interests of securityholders given the premium and strategic benefits.
  • Voting Deadline: Proxy votes must be received by 2:00 pm Vancouver time on Thursday, September 25, 2025.
  • Special Meeting Details:
  • Date & Time – Monday, September 29, 2025 at 2:00 pm (Vancouver time)
  • Location – Suite 710, 1030 West Georgia Street, Vancouver, BC
  • Securityholder Groups Covered: Holders of common shares, options, restricted share units, deferred share units, and warrants.
  • Voting Methods: Online, fax, or mail as per proxy instructions; contact information provided for assistance (phone (604) 428‑6128, email [email protected]).
  • Further Information: Management Information Circular available on SEDAR+ and Prime’s website; Depositary contact details supplied for transmittal assistance.

Notable Quotes

“We are pleased to receive an independent FOR recommendation from Glass Lewis, affirming that the Plan of Arrangement with Torex is in the best interests of Prime Securityholders given the premium offered, strategic rationale and opportunity for continued participation in Torex’s future growth.” – Scott Hicks, CEO & Director, Prime Mining Corp.

Read the original news release →

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