Steppe Gold, Gold Springs Approve Directors, Reject Long-Term Incentives

Steppe Gold Ltd. held its 2025 Annual General and Special Meeting where six of seven nominated directors were elected with over 96% approval, while Byambatseren Tsogbadrakh, receiving only 9.15% support, must resign per the company's majority voting policy. Kingston Ross Pasnak LLP was reappointed as auditors with 99.81% shareholder support, but the proposed long-term incentive plan was overwhelmingly rejected with 90.85% voting against it. Meanwhile, Gold Springs Resource Corp. also held its 2025 Annual Meeting where all resolutions were approved, five directors were elected, and PricewaterhouseCoopers LLP was reappointed as auditors. Despite shareholder support, Gold Springs faces financial challenges including ongoing losses and negative cash flows, contributing to a cautious investment outlook. Both companies are focused on advancing gold exploration and development projects, with Steppe Gold operating in Mongolia and Gold Springs developing assets in the Great Basin region of the Western USA. These meetings underscore corporate governance developments and strategic directions amid differing financial and shareholder sentiment contexts for the two mining companies.