Integra Resources Corp 6-K, filed May 19, 2023

Integra Resources Corp. (ITRG)

6-K 2023-05-19 For: 2023-06-30

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Added on April 11, 2026

About this 6-K

Integra Resources Corp filed this 6-K on May 19, 2023.

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99.1	Notice of Meeting

99.2	Management Information Circular dated May 19, 2023

99.3	Form of Proxy

E-mail:	tsxtis@tmx.com
Telephone:	1-866-600-5869

E-mail:	tsxtis@tmx.com
Telephone:	1-866-600-5869

PART 1: VOTING PARTICULARS	3

Management Solicitation of Proxies	3
Appointment And Revocation Of Proxies	3
Voting And Discretion Of Proxies	4
Non-Registered Holders	4
Voting Shares	5
General Information	5

PART 2: BUSINESS OF THE MEETING	5

Presentation of Financial Statements	5
Set the Number of Directors	5
Election of Directors	5
Appointment of Auditors	16
Ordinary Resolution to Approve the Amended and Restated Equity Incentive Plan	16

PART 3: DIRECTOR COMPENSATION	21

Oversight and Description of Director Compensation	21
Summary Compensation Table	21
Compensation Securities Table	23
Outstanding Share Awards and Option Awards Table	24
Incentive Plan Awards - Value Vested or Earned During the Year	25

PART 4: NAMED EXECUTIVE OFFICER COMPENSATION	25

Compensation Discussion and Analysis	26
Components of the Compensation Program	27
Performance Graph	31
Summary Compensation Table	32
Compensation Securities Table	33
Outstanding Share Awards and Option Awards Table	35
Incentive Plan Awards - Value Vested or Earned During the Year	36
Financial Assistance and Loans	36
Pension Plan Benefits	36
Material Terms of NEO Agreements	36
Termination and Change of Control Benefits	40

PART 5: SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS	41

Equity Participation and Insider Ownership	41
Compensation Recovery Policy	43
Annual Burn Rate	43

PART 6: STATEMENT OF CORPORATE GOVERNANCE	43

Board of Directors	43
Other Public Company Directorship	44
Board Mandate	44
Board and NEO Diversity	44
Nomination of Directors and Board Renewal	45
Board Skills Matrix	45
Board Attendance	47
In-Camera Meetings	47
Board Annual Effectiveness Assessment	47
Orientation and Continuing Education	47
Committees of the Board	47
Role Descriptions	52
Corporate Governance Policies	56

PART 7: OTHER INFORMATION	60

Indebtedness of Directors and Senior Officers	60
Interest of Informed Persons in Material Transactions	60
Interest of Certain Persons in Matters to be Acted Upon	60
Management Contracts	60
Schedule "A" Amended and Restated Equity Incentive Plan
Schedule "B" Audit Committee Charter
Schedule "C" Board of Director Mandate

	Years Ended December 31,
	2022	2021	2020
Low for the period	C$1.2451	C$1.2040	C$1.2718
High for the period	C$1.3856	C$1.2942	C$1.4496
Rate at the end of the period	C$1.3544	C$1.2678	C$1.2732
Average	C$1.3013	C$1.2535	C$1.3415

Member	2022 Meeting Attendance
Board	5 of 5
Technical and Safety Committee	2 of 2

	Shares ⁽³⁾	Options	RSUs
Securities Held⁽⁴⁾	1,737,799	673,300	224,750
Ownership Threshold Met as of December 31, 2022: YES

Other Directorships	Exchange	Duration
Contact Gold Corp.	TSX-Venture	June 2017 - Present
Newcore Gold Ltd.	TSX-Venture	December 2014 - Present

	Shares⁽⁴⁾	Options	RSUs
Securities Held⁽³⁾	1,549,255	424,810	Nil
Ownership Threshold Met as of December 31, 2022: Not applicable as Mr. Kosec joined the Corporation in May 2023. Mr. Kosec will have until May 2028 to comply.

Member	2022 Meeting Attendance
Board (Chair)⁽²⁾	5 of 5
Audit Committee	4 of 4
Compensation Committee	2 of 2
Nomination and Corporate Governance Committee (Chair)	1 of 2

	Shares	Options	DSUs
Securities Held ⁽³⁾	1,023,381	223,000	133,139
Ownership Threshold Met as of December 31, 2022: YES

TABLE OF COMPENSATION ⁽¹⁾
Name and position	Year	Fees earned ($)	Share-Based Awards ($)	Option-Based Awards ($)	Non-equity incentive plan compensation ($)	Pension value ($)	All other compensation ($)	Total ($)
Stephen de Jong⁽²³⁾,	2022	53,160^(3)(4)(21)	45,303^{(14)(15)(16)(17)(18)}	7,966⁽¹⁹⁾	Nil	Nil	Nil	106,429
Chair	2021	75,722^(2)(20)	87,722^{(8)(9)(10)(11)(12)}	17,245⁽¹³⁾	Nil	Nil	Nil	180,689

David Awram⁽²²⁾,	2022	Nil⁽³⁾	58,235^{(14)(15)(16)(17)(18)}	7,966⁽¹⁹⁾	Nil	Nil	Nil	66,201
Director	2021	Nil⁽²⁾	101,221^{(8)(9)(10)(11)(12)}	17,245⁽¹³⁾	Nil	Nil	Nil	118,466

Timo Jauristo,	2022	8,029^(3)(21)	51,865^{(14)(15)(16)(17)(18)}	7,966⁽¹⁹⁾	Nil	Nil	Nil	67,860
Director	2021	11,323^(2)(20)	91,811^{(8)(9)(10)(11)(12)}	17,245⁽¹³⁾	Nil	Nil	Nil	120,379

Anna Ladd-Kruger,	2022	33,963⁽²¹⁾	27,047⁽¹⁸⁾	7,966⁽¹⁹⁾	Nil	Nil	Nil	68,976
Director	2021	36,283⁽²⁰⁾	68,675⁽¹¹⁾	17,245⁽¹³⁾	Nil	Nil	Nil	122,203

C.L. "Butch" Otter,	2022	28,800⁽³⁾⁽⁵⁾	34,245^{(14)(15)(16)(17)(18)}	7,966⁽¹⁹⁾	Nil	Nil	Nil	71,011
Director	2021	36,000⁽⁵⁾	68,675⁽¹¹⁾	17,245⁽¹³⁾	Nil	Nil	Nil	121,920

Carolyn Clark Loder⁽⁵⁾	2022	Nil⁽³⁾	68,045^{(14)(15)(16)(17)(18)}	7,966⁽¹⁹⁾	Nil	Nil	Nil	76,011
Director	2021	30,000	68,675⁽¹¹⁾	142,087^(7)(13)	Nil	Nil	Nil	240,762

COMPENSATION SECURITIES
Name and position	Type of compensation security	Number of compensation securities, number of underlying securities, and percentage of class	Date of issue or grant	Issue, conversion or exercise price⁽¹⁰⁾ ($)	Closing price of security or underlying security on date of grant ⁽¹⁰⁾ ($)	Closing price of security or underlying security at year end⁽¹¹⁾ ($)	Expiry date
Stephen de Jong,⁽⁴⁾ Chair	Options⁽¹⁾⁽¹²⁾ DSUs⁽²⁾⁽¹³⁾ DSUs⁽²⁾ DSUs⁽²⁾ DSUs⁽²⁾	Nil 7,058⁽³⁾ 8,000⁽³⁾ 6,976⁽³⁾ 3,333⁽³⁾	N/A Dec 30, 2022 Sep 30, 2022 Aug 15, 2022 Mar 31, 2022	N/A 0.63 0.55 0.67 1.44	N/A 1.58 1.38 1.68 3.60	N/A 0.63 0.63 0.63 0.63	N/A
David Awram,⁽⁵⁾ Director	Options⁽¹⁾⁽¹²⁾ DSUs⁽²⁾⁽¹³⁾ DSUs⁽²⁾ DSUs⁽²⁾ DSUs⁽²⁾	Nil 12,058⁽³⁾ 13,666⁽³⁾ 11,918⁽³⁾ 5,694⁽³⁾	N/A Dec 30, 2022 Sep 30, 2022 Aug 15, 2022 Mar 31, 2022	N/A 0.63 0.55 0.67 1.44	N/A 1.58 1.38 1.68 3.60	N/A 0.63 0.63 0.63 0.63	N/A
Timo Jauristo,⁽⁶⁾ Director	Options⁽¹⁾⁽¹²⁾ DSUs⁽²⁾⁽¹³⁾ DSUs⁽²⁾ DSUs⁽²⁾ DSUs⁽²⁾	Nil 9,595⁽³⁾ 10,875⁽³⁾ 9,484⁽³⁾ 4,531⁽³⁾	N/A Dec 30, 2022 Sep 30, 2022 Aug 15, 2022 Mar 31, 2022	N/A 0.63 0.55 0.67 1.44	N/A 1.58 1.38 1.68 3.60	N/A 0.63 0.63 0.63 0.63	N/A
Anna Ladd-Kruger,⁽⁷⁾ Director	Options⁽¹⁾⁽¹²⁾ DSUs⁽²⁾⁽¹³⁾	Nil Nil	N/A N/A	N/A N/A	N/A N/A	N/A N/A	N/A
C.L. "Butch" Otter,⁽⁸⁾ Director	Options⁽¹⁾⁽¹²⁾ DSUs⁽²⁾⁽¹³⁾ DSUs⁽²⁾ DSUs⁽²⁾ DSUs⁽²⁾	Nil 2,868⁽³⁾ 3,289⁽³⁾ 2,701⁽³⁾ 1,249⁽³⁾	N/A Dec 30, 2022 Sep 30, 2022 Aug 15, 2022 Mar 31, 2022	N/A 0.63 0.55 0.67 1.44	N/A 1.58 1.38 1.68 3.60	N/A 0.63 0.63 0.63 0.63	N/A
Carolyn Clark Loder,⁽⁹⁾ Director	Options⁽¹⁾⁽¹²⁾ DSUs⁽²⁾⁽¹³⁾ DSUs⁽²⁾ DSUs⁽²⁾ DSUs⁽²⁾	Nil 16,332⁽³⁾ 18,732⁽³⁾ 15,384⁽³⁾ 7,115⁽³⁾	N/A Dec 30, 2022 Sep 30, 2022 Aug 15, 2022 Mar 31, 2022	N/A 0.63 0.55 0.67 1.44	N/A 1.58 1.38 1.68 3.60	N/A 0.63 0.63 0.63 0.63	N/A

Outstanding Share-Based and Option-Based Awards
	Share-Based Awards			Option-Based Awards
Name and position	Number of shares or units of shares that have not vested (#)	Market or payout value of share awards that have not vested⁽¹⁾ ($)	Market or payout value of vested share-based awards not paid out or distributed⁽¹⁾ ($)	Number of Common Shares underlying unexercised Options (#)	Option exercise price⁽⁷⁾ ($)	Option expiration date	Value of unexercised in-the-money Options⁽²⁾ ($)
Stephen de Jong⁽⁵⁾,	25,367⁽⁸⁾	15,920		22,000	1.93	16-Dec-26	Nil
Chair				17,500	3.48	15-Dec-25	Nil
	58,189⁽⁹⁾		36,518	96,000⁽⁶⁾	2.13⁽⁶⁾	17-Dec-24	Nil
				60,000⁽⁶⁾	1.48⁽⁶⁾	23-Nov-23	Nil
David Awram⁽⁴⁾,	43,336⁽⁸⁾	27,196		22,000	1.93	16-Dec-26	Nil
Director				17,500	3.48	15-Dec-25	Nil
	63,639⁽⁹⁾		39,939	80,000⁽⁶⁾	2.13⁽⁶⁾	17-Dec-24	Nil
				50,000⁽⁶⁾	1.48⁽⁶⁾	23-Nov-23	Nil
Timo Jauristo,	34,485⁽⁸⁾	21,642		22,000	1.93	16-Dec-26	Nil
Director				17,500	3.48	15-Dec-25	Nil
	59,840⁽⁹⁾		37,555	80,000⁽⁶⁾	2.13⁽⁶⁾	17-Dec-24	Nil
				50,000⁽⁶⁾	1.48⁽⁶⁾	23-Nov-23	Nil
				100,000⁽⁶⁾	2.18⁽⁶⁾	28-Feb-23	Nil
Anna Ladd-Kruger,	Nil⁽⁸⁾	Nil		22,000	1.93	16-Dec-26	Nil
				17,500	3.48	15-Dec-25	Nil
Director	50,500⁽⁹⁾		31,693	80,000⁽⁶⁾	2.13⁽⁶⁾	17-Dec-24	Nil
				100,000⁽⁶⁾	1.48⁽⁶⁾	13-Dec-23	Nil
C.L. "Butch" Otter,	10,107⁽⁸⁾	6,343		22,000	1.93	16-Dec-26	Nil
Director				17,500	3.48	15-Dec-25	Nil
	50,500⁽⁹⁾		31,693	80,000⁽⁶⁾	2.13⁽⁶⁾	17-Dec-24	Nil
				100,000⁽⁶⁾	2.42⁽⁶⁾	16-Sep-24	Nil
Carolyn Clark Loder,⁽³⁾	57,563⁽⁸⁾	36,125		22,000	1.93	16-Dec-26	Nil
Director				100,000	3.13	24-Feb-26	Nil
	33,000⁽⁹⁾		20,710

Other Directorships	Exchange	Duration
SilverCrest Metals Inc.	TSX, NYSE American	July 11, 2022 - Present
Sherritt International Corporation	TSX	February 8, 2023 - Present

Incentive Plan Awards - Value Vested or Earned During the Year
Name	Option-based awards - Value vested during the year⁽¹⁾($)	Share-based awards - Value vested during the year⁽²⁾($)	Non-equity incentive plan compensation - Value earned during the year ($)
Stephen de Jong	Nil	22,360	N/A
David Awram⁽³⁾	Nil	23,341	N/A
Timo Jauristo	Nil	22,656	N/A
Anna Ladd-Kruger	Nil	20,976	N/A
C.L. "Butch" Otter	Nil	20,976	N/A
Carolyn Clark Loder	Nil	20,976	N/A

Bunker Hill Mining Corp.	Paramount Gold Nevada Corp.	Skeena Resources Ltd.
First Mining Gold Corp.	Perpetua Resources Corp.	Treasury Metal Inc.
Kore Mining Ltd.	Revival Gold Inc.	Troilus Gold Corp.
Liberty Gold Corp.

Elements	Description	Objectives
Base Salary	Base salary is determined through an analysis of a comparator group for similar positions. It reflects the capability of the executive as demonstrated over an extended period of time.	Attraction, retention and motivation; and annual salary adjustments as appropriate.
Annual Cash Bonus - Short Term Incentives	Annual cash incentive bonus is a portion of variable compensation that is designed to reward executives on an annual basis for achievement of corporate and business objectives, relative to corporate and individual performance.	Pay for performance; align with business strategy; and attraction, retention and motivation.
Options & RSUs - Long-Term Incentives	Equity compensation is a portion of variable compensation that is designed to align executive and Shareholder interests, focus executives on long-term value creation, and also support the retention of key executives.	Align to Shareholder interests; pay for performance; and attraction, retention and motivation.
Benefits	Executives who are employees participate in standard corporate medical, extended health and dental insurance	Attraction and retention.

NEO	Position	Target Bonus (Percentage of Annual Salary)	Maximum Bonus (Percentage of Annual Salary)
George Salamis	President & CEO	50%	100%
Andrée St-Germain	CFO	30%	50%
E. Max Baker	VP Exploration	30%	50%
Timothy Arnold	COO	30%	50%
Joshua Serfass	EVP Corp Dev and IR	30%	50%

NEO	Position	Corporate Objectives	Individual Objectives
George Salamis	President & CEO	75%	25%
Andrée St-Germain	CFO	75%	25%
E. Max Baker	VP Exploration	75%	25%
Timothy Arnold	COO	75%	25%
Joshua Serfass	EVP Corp Dev and IR	75%	25%

Category	Weight	Score
Capital Markets / Finance	30%	15%
Development / Exploration	30%	20%
ESG	30%	30%
Risk Management	10%	10%
Total	100%	75%

	January 1, 2018	December 31, 2018	December 31, 2019	December 31, 2020	December 31, 2021	December 31, 2022
Integra Resources Corp.	100.00	76.36	109.09	181.82	98.91	30.91
S&P/TSX Composite Index	100.00	88.36	105.27	107.55	130.93	119.59
S&P/TSX Venture Composite Index	100.00	65.50	67.89	102.90	110.40	67.03
S&P/TSX Global Gold Index	100.00	95.57	133.68	161.37	149.39	142.12

TABLE OF COMPENSATION ⁽¹⁾
Name and position	Year	Salary ($)	Share- Based Awards ($)	Option-Based Awards ($)	Non-equity incentive plan compensation ($)		Pension value ($)	All other compensation ($)	Total compensation ($)
Name and position	Year	Salary ($)	Share- Based Awards ($)	Option-Based Awards ($)	Annual incentive plans	Long- term incentive plans	Pension value ($)	All other compensation ($)	Total compensation ($)
George Salamis⁽³⁾,	2022	238,840⁽²⁾⁽⁴⁾⁽¹⁸⁾	61,471⁽¹⁵⁾	18,104⁽¹⁶⁾	206,994⁽²⁾⁽⁸⁾⁽¹⁹⁾	Nil	Nil	Nil	525,409
President, CEO, Director	2021	264,237^(2)(17)	156,079⁽¹³⁾	39,192⁽¹⁴⁾	234,511⁽²⁾⁽⁷⁾⁽¹⁸⁾	Nil	Nil	Nil	694,019
	2020	242,696^(2)(16)	207,326⁽¹¹⁾	79,539⁽¹²⁾	242,696⁽²⁾⁽⁶⁾⁽¹⁷⁾	Nil	Nil	Nil	772,257

Andrée St-Germain,	2022	151,275⁽⁴⁾⁽¹⁸⁾	30,735⁽¹⁵⁾	9,052⁽¹⁶⁾	65,552⁽⁸⁾⁽¹⁹⁾	Nil	Nil	Nil	256,614
CFO	2021	167,361⁽¹⁷⁾	78,039⁽¹³⁾	19,596⁽¹⁴⁾	74,266⁽⁷⁾⁽¹⁸⁾	Nil	Nil	Nil	339,262
	2020	161,797⁽¹⁶⁾	103,663⁽¹¹⁾	39,769⁽¹²⁾	80,899⁽⁶⁾⁽¹⁷⁾	Nil	Nil	Nil	386,128

E. Max Baker⁽⁵⁾,	2022	137,747	30,735⁽¹⁵⁾	9,052⁽¹⁶⁾	56,230⁽⁸⁾	Nil	Nil	Nil	233,764
VP Exploration	2021	201,571	78,039⁽¹³⁾	19,596⁽¹⁴⁾	89,447⁽⁷⁾	Nil	Nil	Nil	388,653
	2020	195,700	103,663⁽¹¹⁾	39,769⁽¹²⁾	97,850⁽⁶⁾	Nil	Nil	Nil	436,982

Timothy Arnold,⁽⁶⁾	2022	233,571⁽⁴⁾	30,735⁽¹⁵⁾	9,052⁽¹⁶⁾	101,214⁽⁸⁾	Nil	Nil	Nil	374,572
COO	2021	241,885	78,039⁽¹³⁾	19,596⁽¹⁴⁾	107,337⁽⁷⁾	Nil	Nil	Nil	446,857
	2020	234,840	103,663⁽¹¹⁾	39,769⁽¹²⁾	117,420⁽⁶⁾	Nil	Nil	Nil	495,692

Joshua Serfass,⁽⁹⁾	2022	149,189⁽⁴⁾	30,735⁽¹⁵⁾	9,052⁽¹⁶⁾	64,649⁽⁸⁾	Nil	Nil	Nil	253,625
EVP Corp Dev and IR	2021	154,500	78,039⁽¹³⁾	19,596⁽¹⁴⁾	68,559⁽⁷⁾	Nil	Nil	Nil	320,694
	2020	123,600	103,663⁽¹¹⁾	39,769⁽¹²⁾	37,080⁽¹⁰⁾	Nil	Nil	Nil	304,112

Incentive Plan Awards - Value Vested or Earned During the Year
Name	Option-based awards - Value vested during the year⁽¹⁾($)	Share-based awards - Value vested during the year⁽²⁾ ($)	Non-equity incentive plan compensation - Value earned during the year ($)
George Salamis	Nil	27,797	N/A
Andrée St-Germain	Nil	13,898	N/A
E. Max Baker	Nil	13,898	N/A
Timothy Arnold	5,314	13,898	N/A
Joshua Serfass	Nil	13,898	N/A

Estimated Payment for Change of Control or Termination Without Cause
Name and position	Base Salary⁽¹⁾ ($)	Bonus⁽²⁾ ($)	Share-Based Awards⁽⁴⁾⁽⁶⁾ ($)	Option-Based Awards⁽⁵⁾⁽⁶⁾ ($)	Benefits⁽⁷⁾ ($)	Total ($)
George Salamis⁽⁸⁾,	509,525⁽³⁾	413,988⁽³⁾	121,825	Nil	9,382⁽³⁾	1,054,720
President, CEO, Director
Andrée St-Germain,	322,719⁽³⁾	131,104⁽³⁾	60,913	Nil	7,872⁽³⁾	522,608
CFO
E. Max Baker⁽⁹⁾,	207,618	112,460	60,913	Nil	40,154	421,145
VP Exploration
Timothy Arnold,	498,284	202,428	60,913	Nil	40,154	801,779
COO
Joshua Serfass⁽¹⁰⁾,	318,270	129,298	60,913	Nil	Nil	508,481
EVP Corp Dev and IR

Plan Category	Number of securities to be issued upon exercise of outstanding Awards (a)	Weighted-average exercise price of outstanding Awards (b)	Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a))⁽¹⁾ (c)
Equity compensation plans approved by securityholders • Options • RSUs • DSUs	3,696,933 730,116 486,526	$2.14 $2.24 $1.89	3,062,794⁽²⁾ 1,269,884⁽³⁾ 513,474⁽⁴⁾
Equity compensation plans not approved by securityholders	N/A	N/A	N/A
Total	4,913,575	$2.13

Position	Multiple of Base Salary or Annual Retainer	Minimum Time to Comply
CEO	Three (3) times annual base salary	Five (5) years after becoming subject to Policy
Other Executive Officers	Two (2) times annual base salary	Five (5) years after becoming subject to Policy
Non-Executive Directors	Three (3) times annual base salary	Five (5) years after becoming subject to Policy

Name and position	Shares Held as of December 31, 2022 (#)	Value of Shares, as of December 31, 2022⁽¹⁾ ($)	RSUs Held as of December 31, 2022⁽⁴⁾ (#)	Value of RSUs as of December 31, 2022⁽²⁾ ($)	Total Value of Shares and RSUs as of December 31, 2022 ($)	2022 Base Salary ($)	Executive Share Ownership as Multiple of Base Salary	Ownership Threshold Met?
George Salamis,	1,644,799	$1,430,663	224,750	$141,050	$1,571,713	$254,762⁽³⁾	6.2X	Yes
President, CEO, Director
Andrée St-Germain,	379,798	$407,632	81,209	$50,965	$458,597	$161,360⁽³⁾	2.8X	Yes
CFO
E. Max Baker,	71,454	$72,206	81,209	$50,965	$123,171	$137,747	0.9X	No⁽⁵⁾
VP Exploration
Timothy Arnold,	42,666	$49,236	81,209	$50,965	$100,201	$241,885	0.4X	No⁽⁵⁾
COO
Joshua Serfass,	141,726	$146,860	81,209	$50,965	$197,825	$154,500	1.3X	No⁽⁵⁾
EVP Corp Dev and IR

Name and position	Shares Held as of December 31, 2022 (#)	Value of Shares, as of December 31, 2022⁽¹⁾ ($)	DSUs Held as of December 31, 2022⁽⁴⁾(#)	Value of DSUs as of December 31, 2022⁽²⁾($)	Total Value of Shares and DSUs as of December 31, 2022 ($)	2022 Base Retainer ($)	Executive Share Ownership as Multiple of Base Retainer	Ownership Threshold Met?
Stephen de Jong	1,023,381	$979,422	124,806	$96,450	$1,075,871	$88,600⁽³⁾	12.1X	Yes
Chair
David Awram	115,530	$80,160	148,225	$119,126	$199,286	$26,580⁽³⁾	7.5X	Yes
Director
Timo Jauristo	70,000	$70,500	135,575	$103,987	$174,487	$26,580⁽³⁾	6.6X	Yes
Director
Anna Ladd-Kruger	12,000	$17,960	91,750	$77,988	$95,948	$26,580⁽³⁾	3.6X	Yes
Director
C.L. "Butch" Otter	Nil	Nil	101,857	$63,924	$63,924	$36,000	1.8X	No⁽⁵⁾
Director
Carolyn Clark Loder	Nil	Nil	131,813	$87,828	$87,828	$36,000	2.4X	No⁽⁵⁾
Director

Year	Weighted Average Shares Outstanding⁽¹⁾	Options/RSUs/DSUs Granted⁽¹⁾	Annual Burn Rate
2020	49,843,847	896,432	1.8%
2021	57,031,814	1,208,534	2.1%
2022	69,499,243	1,117,983	1.6%

Director	Independent
Mr. George Salamis, Executive Chair	NO⁽¹⁾
Mr. Jason Kosec, President, CEO and Director	NO⁽²⁾
Mr. Stephen de Jong	YES
Mr. Timo Jauristo	YES
Ms. Anna Ladd-Kruger	YES
Mr. C.L. "Butch" Otter	YES
Ms. Carolyn Clark Loder	YES
Ms. Sara Heston	YES
Mr. Eric Tremblay	YES

Name of Director	Name of Other Reporting Issuer	Markets
George Salamis	Contact Gold Ltd. Newcore Gold Ltd.	TSX-V TSX-V
Stephen de Jong	Sun Peak Metals Corp.	TSX-V
Anna Ladd-Kruger	SilverCrest Metals Inc. Sherritt International Corporation	TSX, NYSE American TSX
C.L. "Butch" Otter	Electra Battery Materials Corporation	TSX-V
Carolyn Clark Loder	K2 Gold Corp.	TSX-V
Sara Heston	Dore Copper Mining Corp. Nighthawk Gold Corp.	TSX-V TSX
Eric Tremblay	Nighthawk Gold Corp. Talisker Resources Ltd. Osisko Development Corp.	TSX TSX TSX-V, NYSE

Legend
Significant Experience	1
Moderate Experience	2
Minimal Experience	3

Director	George Salamis	Jason Kosec	Stephen de Jong	Timo Jauristo	Anna Ladd- Kruger	C.L. "Butch" Otter	Carolyn Clark Loder	Sara Heston	Eric Tremblay
Months as a Director	62	0	69	62	53	45	15	0	0
Financial⁽¹⁾	1	1	1	1	1	1	2	1	1
M&A⁽²⁾	1	1	2	1	1	1	2	1	1
Industry Knowledge⁽³⁾	1	1	1	1	1	2	1	1	1
Technical Mining⁽⁴⁾	1	1	3	1	3	3	2	2	1
Government Relations and Permitting Process⁽⁵⁾	2	3	2	2	2	1	1	3	1
Mine Development and Mine Operations⁽⁶⁾	2	1	2	2	1	2	2	2	1
Environmental Considerations⁽⁷⁾	1	2	3	1	2	1	1	2	1
Relationships with Local Communities⁽⁸⁾	1	2	2	2	2	1	1	3	1
Relationships with Tribal Nations⁽⁹⁾	2	2	3	2	2	1	1	3	2
Human Resources⁽¹⁰⁾	1	2	2	1	2	1	1	1	1
Governance⁽¹¹⁾	2	2	1	1	1	1	1	2	2
Management⁽¹²⁾	1	1	1	1	1	1	1	2	1

Name	Board	Audit Committee	Compensation Committee	Nomination and Corporate Governance Committee	Technical and Safety Committee	Environment, Social, Governance Committee	Attendance Record
Stephen de Jong	5/5	4/4	2/2	1/2	N/A	N/A	92%
George Salamis⁽¹⁾	5/5	N/A	N/A	N/A	2/2	N/A	100%
David Awram	5/5	4/4	2/2	N/A	2/2	N/A	100%
Timo Jauristo	5/5	N/A	2/2	2/2	2/2	N/A	100%
Anna Ladd-Kruger	5/5	4/4	N/A	N/A	2/2	1/2	92%
C.L. "Butch" Otter	5/5	N/A	N/A	N/A	2/2	2/2	100%
Carolyn Clark Loder	5/5	N/A	N/A	2/2	N/A	2/2	100%