Lion One's Annual Meeting: A Vote of Confidence in the Tuvatu Project

Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) recently held its annual and special general meeting, where shareholders approved key resolutions and re-elected the company's board of directors. The meeting's outcomes reflect a vote of confidence in Lion One's strategic vision and the potential of its flagship Tuvatu Alkaline Gold Project in Fiji.

At the meeting, shareholders approved the re-election of Walter Berukoff, Richard Meli, and Kevin Puil as directors. Berukoff, as Chairman & CEO, has led Lion One since its inception, overseeing the development of the Tuvatu project from exploration to production. Meli, with his extensive mining experience, and Puil, a seasoned geologist, have been instrumental in advancing the project. Their re-election signals continuity in leadership, ensuring the Company's strategic vision remains on track.

Shareholders also approved the Company's Omnibus Equity Incentive Compensation Plan, which aligns management's interests with those of shareholders. This plan could potentially lead to improved performance, but it may also dilute shareholder value if too many shares are issued. For employees, the plan could boost morale and retention, but it might also create a perception of inequality if not all employees are included.

The re-appointment of Davidson & Company LLP as the Company's auditor for the ensuing fiscal year enhances the credibility and reliability of Lion One's financial reporting. Davidson & Company is a well-established, independent accounting firm with extensive experience in the mining industry. Their re-appointment signals a vote of confidence in Lion One's financial management and reporting practices.



The Tuvatu project, which comprises the high-grade Tuvatu Alkaline Gold Deposit, the Underground Gold Mine, the Pilot Plant, and the Assay Lab, has significant potential. Lion One's strategic vision for the project, backed by the re-elected board and approved resolutions, positions the Company well for future growth and success.

In conclusion, Lion One's annual and special general meeting reflected a strong vote of confidence in the Company's leadership and strategic vision for the Tuvatu Alkaline Gold Project. With a balanced approach to compensation, a reputable auditor, and a clear path forward, Lion One is well-positioned to capitalize on the project's potential and create value for shareholders.