PPX Mining Corp. Consolidates Governance and Sets the Stage for Expanded Peruvian Operations

PPX Mining Corp. (TSX.V:PPX.V) confirmed the outcomes of its Annual General and Special Meeting of Shareholders held on December 18, 2025 in Toronto. Shareholders approved all agenda items, underscoring confidence in the company’s strategic direction and governance framework.

Board Composition and Governance Enhancements

The meeting solidified a five‑member board, retaining Executive Chairman Brian Imrie alongside directors John Thomas, John Menzies, Fernando Pickmann Dianderas, and Bruno Kaiser. The unanimous re‑appointment of Crowe Mackay LLP as the Company’s auditor sets the stage for continued rigorous financial oversight, with remuneration to be determined by the board.

In a statement, Chairman Imrie emphasized the company’s commitment to robust governance and articulated plans to broaden the board’s expertise. “We intend to identify and appoint at least one additional independent, highly experienced professional from Peru, where our operations are located, to ensure local expertise, operational insight, and alignment with our long‑term growth strategy,” Imrie remarked. This initiative reflects PPX’s recognition that localized insight will be pivotal as the company advances its exploration and development activities in northern Peru.

Equity Incentive Plan

The shareholders also approved a new Equity Incentive Plan. While specifics remain undisclosed, the plan is expected to align executive and employee interests with shareholder value, potentially accelerating the execution of PPX’s strategic milestones.

Market Context

PPX Mining’s share price closed at CAD 0.30 on December 16, 2025, within a 52‑week range of CAD 0.05 to CAD 0.03, and the company’s market capitalization stands at approximately CAD 245.8 million. The company’s price‑earnings ratio of –32.61 reflects the current focus on exploration rather than immediate profitability.

Forward‑Looking Outlook

With governance structures reinforced and a clear intent to embed local Peruvian expertise, PPX Mining is positioning itself to expedite the development of its gold and silver projects. The new equity incentives will likely attract and retain talent essential to navigating the technical and regulatory challenges inherent in high‑latitude exploration.

As the company proceeds, stakeholders should monitor the appointment of the proposed Peruvian director and the rollout of the Equity Incentive Plan, both of which will be critical levers in translating exploration successes into tangible asset value.