GreenX Metals Limited (GRX), the metals exploration and development company listed on the Australian Securities Exchange, held its 2026 Annual General Meeting on 11 November 2026 in Perth, Western Australia. All four board-endorsed resolutions were carried by poll, including approval of additional placement capacity that could affect future share issuance. Shareholders rejected the election of non-board-endorsed candidate Mr Stephen Mayne as a director by an overwhelming margin of 99.82% of votes cast against. The results are of note to investors monitoring the company's governance and capital structure.

Key Points

  • GreenX Metals Limited (GRX), listed on the Australian Securities Exchange
  • All four board-endorsed resolutions carried at the 2026 AGM held on 11 November 2026 in Perth
  • Resolution 4 approved an additional 10% placement capacity with 93.61% of votes in favour
  • Investors may watch how the new placement capacity is deployed in future capital raises

GreenX AGM Poll Results: Remuneration Report and Director Re-election Approved with Strong Support

The Remuneration Report was carried with 99.96% of poll votes cast in favour, with just 2,000 votes recorded against. The re-election of Mr Benjamin Stoikovich as a Director passed with an even higher margin of 99.99% support, reflecting broad shareholder confidence in the existing board composition. All resolutions at the meeting were decided by way of a poll rather than a show of hands, in accordance with Section 251AA of the Corporations Act 2001 and ASX Listing Rule 3.13.2. Company Secretary Dylan Browne is listed as the contact for further information regarding the meeting outcomes.

Shareholders Approve Ratification of Placement Shares and Additional 10% Placement Capacity Under ASX Listing Rules

Two resolutions relating to GreenX's capital structure were approved at the meeting. Resolution 3, ratifying the issue of placement shares under ASX Listing Rule 7.1A, was carried with 93.61% of votes in favour, with 6.39% voting against. Resolution 4, seeking approval for an additional 10% placement capacity, also passed with an identical split of 93.61% for and 6.39% against. These approvals provide the company with flexibility to raise additional capital through share placements, a commonly used mechanism among ASX-listed resource and metals exploration companies seeking to fund project development activities.

Stephen Mayne's Non-Board-Endorsed Director Nomination Rejected by 99.82% of Votes Cast

The sole contested resolution at the meeting was the proposed election of Mr Stephen Mayne, a non-board-endorsed candidate, as a director of GreenX Metals. The resolution was not carried, with 99.82% of poll votes — amounting to 20,509,190 votes — cast against his election. Only 37,079 votes, representing 0.18% of votes cast on the poll, were recorded in favour. Mr Mayne is a known Australian shareholder activist who has previously sought board positions at numerous ASX-listed companies. The result suggests GreenX shareholders were aligned with the board's recommendation on this occasion.