Flying Nickel Mining Corp Shareholder Approval

Vancouver, British Columbia–(Newsfile Corp. – October 22, 2024) – Flying Nickel Mining Corp. (TSXV: FLYN) (OTCQB: FLYNF) (the “Company” or “Flying Nickel”) is pleased to announce that shareholders of the Company (the “Shareholders”) have approved the previously announced arrangement (the “Arrangement”) involving the Company, Norway House Cree Nation (“NHCN”), and 10197729 Manitoba Inc, a wholly owned entity of NHCN, as well as the proposed name change of the Company to “CleanTech Vanadium Mining Corp.” (the “Name Change”). The special resolution approving the Arrangement (the “Arrangement Resolution”) was required to be approved by: (a) two-thirds (2/3) of the votes cast on the Arrangement Resolution by Shareholders present in person or represented by proxy at the special meeting of the Company’s shareholders held on October 21, 2024 (the “Meeting”); (b) a simple majority of the votes cast on the Arrangement Resolution by Shareholders present in person or represented by proxy at the Meeting excluding shares of the Company (“Shares”) held by Shareholders excluded from voting pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions, TSX Venture Exchange (“TSXV”) Policy 5.3 – Acquisitions and Dispositions of Non-Cash Assets and TSXV Policy 5.9 – Protection of Minority Security Holders in Special Transactions (“Disinterested Shareholders”).

Impact on Individuals

The approval of the arrangement and name change by Flying Nickel Mining Corp. shareholders could potentially lead to new opportunities for investors and stakeholders. CleanTech Vanadium Mining Corp. may focus on sustainable mining practices and technologies, which could attract socially conscious investors and environmentally friendly businesses.

Impact on the World

This decision reflects a trend towards cleaner and more sustainable mining practices in the industry. CleanTech Vanadium Mining Corp. may set a positive example for other mining companies to follow, leading to a more environmentally friendly approach to resource extraction globally.

Conclusion

The approval of the arrangement and name change by Flying Nickel Mining Corp. shareholders marks a significant step towards a more sustainable and environmentally conscious future for the mining industry. This decision has the potential to benefit both individuals and the world as a whole by promoting cleaner practices and encouraging responsible resource extraction.