Base Carbon Announces Shareholder Meeting Results

Base Carbon Inc. announced the results of its recent Shareholder Meeting held on June 25, 2025, with 57,044,319 common shares—representing 52.60% of the total issued shares—participating in the vote. The meeting resulted in the election of six directors to the Board for the upcoming year, with the following voting outcomes for each nominee:

- Catherine Flax received 55,679,343 votes in favor (97.761%). - Margot Naudie garnered 53,811,527 votes (94.842%). - Bruce Tozer secured 55,639,843 votes (97.538%). - Michael Costa, a standout nominee, received 56,809,366 votes (99.588%). - Andrew Fedak also achieved a high percentage with 56,788,673 votes (99.552%). - Adrian Morante matched Costa's total, receiving 56,809,366 votes (99.588%).

In addition to board elections, shareholders approved an ordinary resolution to confirm the amended and restated Equity Incentive Plan. The resolution saw 53,389,021 votes in favor (93.592%), compared to 3,655,298 votes against (6.408%).

Base Carbon operates through its wholly-owned subsidiary, Base Carbon Capital Partners Corp., positioning itself as a leading financier of projects in the voluntary carbon markets. The company aims to be a preferred partner for carbon removal and abatement projects globally, leveraging innovative technologies to improve efficiencies and enhance commercial credibility.

Further details, including the full text of the management information circular for the Meeting, can be found at www.sedarplus.ca. For investor relations inquiries, individuals can contact Base Carbon Inc. at +1 647 952 3979 or via email at investorrelations@basecarbon.com. For media inquiries, the email contact is media@basecarbon.com.

Base Carbon Inc.’s recent shareholder meeting results indicate strong support for its leadership and strategic direction. The election of six directors, with high approval rates—most notably Michael Costa and Andrew Fedak, securing over 99% of the votes in favor—signals confidence in the company’s governance. This strong backing could bolster investor sentiment, as it reflects stability and alignment among shareholders regarding the company’s objectives.

Moreover, the approval of the amended Equity Incentive Plan, with over 93% of votes in favor, is strategically significant. This plan aligns with the company's ambitions in the carbon market by attracting and retaining top talent, which is crucial for competitive advantage in the rapidly evolving environmental sector.

Given Base Carbon's focus on financing carbon removal and abatement projects, it sits at the intersection of sustainability and investment, areas increasingly in demand from both institutional and retail investors. The positive shareholder sentiment may lead to heightened interest from potential investors, particularly those focusing on ESG (Environmental, Social, and Governance) criteria.

Looking forward, investors should consider the following: first, the potential growth in the voluntary carbon markets, as the global economy increasingly shifts towards sustainability initiatives. Base Carbon’s established position in this arena makes it a compelling candidate for investment. However, investors should remain mindful of market volatility and shifts in regulatory frameworks that could impact carbon credit valuations.

In conclusion, Base Carbon’s shareholder meeting outcomes reflect a solid foundation for future growth and alignment within the company. A careful observation of market trends and regulatory developments is advisable for prospective investors, as these factors will hugely influence the company’s performance in the coming years. Engaging with Base Carbon may present an opportunity to participate in the burgeoning carbon market while supporting sustainability efforts.