Champion Iron Limited Announces 2026 Annual General Meeting on August 27 with Seven Directors Up for Re-Election

Champion Iron Limited’s Operations and Market Presence

Champion Iron Limited operates as a prominent iron ore producer headquartered in Montréal, Canada. The company plays a vital role in the global iron ore market, a key commodity for steel production and infrastructure development worldwide. As an ASX-listed entity with Canadian operations, Champion Iron serves a diverse shareholder base spanning Australia and North America. Its core business involves the extraction, processing, and international sale of iron ore to steel manufacturers.

The company’s operational footprint and geographic diversification highlight the capital-intensive nature of iron ore mining and the strategic importance of Canadian mineral resources. Champion Iron’s dual listing on the Australian Securities Exchange underscores its appeal to Australian investors seeking exposure to iron ore and mining sectors. The upcoming AGM reflects the company’s compliance with governance requirements across both Australian and Canadian jurisdictions, engaging shareholders in decisions that shape its long-term strategic direction.

Details of the Annual General Meeting in August 2026

Champion Iron has announced its AGM will take place on 27 August 2026 at 7:00 am Sydney time (5:00 pm Montréal time on 26 August 2026) at 1000 De La Gauchetière Street West, Suite MZ400, Montréal, Québec, Canada. Shareholders are invited to attend in person or appoint proxies to represent their interests, accommodating the company’s international shareholder base.

A livestream of the meeting will be accessible via https://app.webinar.net/K69Gym830W8; however, shareholders viewing remotely will not be able to vote or submit questions through this platform. For voting or proxy assistance, shareholders can contact Sodali & Co., the company’s strategic shareholder advisor and proxy solicitation agent, via dedicated phone lines for North America, international callers, and Australia.

Review of Financial and Remuneration Reports for Fiscal Year Ending 31 March 2026

The AGM will first consider the adoption of the Financial Report, Directors’ Report, and Auditor’s Report for the fiscal year ended 31 March 2026. The full Annual Report is available on Champion Iron’s website at https://www.championiron.com/reports-maps/financial-reports-champion-iron/. This report provides comprehensive insights into the company’s financial performance, operational outcomes, and auditor evaluations over the reporting period.

Resolution 1 requests shareholder approval of the Remuneration Report for the year ended 31 March 2026. This vote is advisory under Australian corporate governance standards and does not legally bind the company or its directors. The remuneration report details executive compensation, incentive schemes, and benefits for key management personnel during the year.

Conditional Spill Resolution Contingent on Remuneration Vote Threshold

Resolution 2 is a conditional spill resolution triggered if 25% or more of votes cast against the remuneration report (Resolution 1) occur, as stipulated under section 250V(1) of the Corporations Act 2001 (Cth). Should this threshold be met, the spill resolution will be presented at the AGM.

If passed, the spill resolution mandates a Spill Meeting within 90 days, where all directors in office when the directors’ report was approved (excluding the CEO or managing director) would vacate their positions immediately prior to the meeting’s conclusion. This mechanism allows shareholders to potentially reshape the board if substantial opposition to remuneration arrangements arises. New director appointments for vacated positions would be voted on at the Spill Meeting.

Re-Election of Seven Directors in Accordance with Constitutional Rotation

Resolutions 3 to 9 concern the re-election of seven directors who must retire by rotation under Clause 3.12(c)(i) of the company’s constitution. The directors standing for re-election are Michael O’Keeffe, David Cataford, Gary Lawler, Michelle Cormier, Louise Grondin, Jyothish George, and Ronnie Beevor. This annual retirement and re-election process ensures ongoing shareholder oversight of board composition.

Each director will be voted on individually, allowing shareholders to assess each candidate separately. Non-Executive Director Jessica McDonald will retire and is not seeking re-election, resulting in a potential reduction in board size unless a replacement is appointed.

Shareholder Voting Rights and Record Date Details

Voting entitlements will be based on shareholdings registered at 7:00 pm Sydney time on 25 August 2026 (5:00 am Montréal time on 25 August 2026), per Regulation 7.11.37 of the Corporations Regulations 2001 (Cth). Transfers registered after this time will not affect voting rights for the AGM.

In compliance with Canadian National Instrument NI 54-101, beneficial shareholders holding shares in Canada as of 7:00 pm Montréal time on 16 July 2026 will receive meeting notices and can provide voting instructions. This dual record date system aligns with the company’s Australian and Canadian listing requirements, ensuring shareholders in both jurisdictions have appropriate notice and voting access.

Proxy Appointment and Shareholder Support Services

Shareholders unable to attend the AGM may appoint proxies to vote on their behalf. Sodali & Co. serves as the company’s strategic shareholder advisor and proxy solicitation agent, assisting shareholders with voting procedures and proxy appointments.

Contact details for Sodali & Co. include toll-free North American number 1-833-830-8285, international collect call number 1-289-695-3075, and Australian direct line +61 2 7908 2839. Email inquiries can be sent to [email protected]. These multiple contact options facilitate shareholder engagement across time zones and regions.

Corporate Secretary and Notice of Meeting

The AGM notice was issued by the Board on 21 July 2026 and signed by Steve Boucratie, Chief Legal & Strategy Officer and Corporate Secretary. The Corporate Secretary oversees governance compliance, shareholder register maintenance, and meeting administration. The notice provides shareholders with approximately five weeks’ advance notification, consistent with governance standards.

An Explanatory Statement accompanies the notice, offering detailed background on each resolution, director biographies, remuneration governance, and other pertinent information. Shareholders are encouraged to review these materials thoroughly before voting.

Governance and Director Retirement Provisions

Champion Iron’s constitution mandates annual retirement and re-election of directors under Clause 3.12(c)(i), balancing board continuity with shareholder oversight. This process excludes the CEO or managing director from spill resolution removal provisions, maintaining executive stability while allowing shareholder evaluation of non-executive directors.

The retirement and non-re-election of Jessica McDonald presents an opportunity for board refreshment at the 2026 AGM, as shareholders will not vote on her continuation in office.