Today techs Algoma Metal Declares Outcomes of Voting at Annual Assembly

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SAULT STE. MARIE, Ontario, Sept. 20, 2022 (GLOBE NEWSWIRE) — Algoma Metal Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Firm”), a number one Canadian producer of cold and warm rolled metal sheet and plate merchandise, introduced right now the outcomes of voting at its digital annual assembly of shareholders held on September 20, 2022 (the “Assembly”).

The entire nominees listed within the administration data round ready in reference to the Assembly had been elected as administrators of the Firm. The Firm obtained proxies and digital votes on the Assembly as set out beneath:

today techs style=”border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; “>54,807,492
Nominee Votes For Votes Withheld Complete Votes
Mary Anne Bueschkens 186,310 54,993,802
James Gouin 54,947,852 45,951 54,993,803
Andy Harshaw 53,999,596 994,207 54,993,803
Michael McQuade 54,712,168 today techs border-left: solid black 1pt ; vertical-align: top ; “>281,635 54,993,803
Brian Pratt 54,947,097 46,706 today techs vertical-align: top ; “>54,993,803
today techs ; “>Eric S. Rosenfeld 52,875,489 2,118,314 54,993,803
Gale Rubenstein 54,805,557 188,245 54,993,802
Andrew Schultz 54,682,446 311,357 54,993,803
David D. Sgro 54,768,866 224,937 54,993,803
Michael Garcia 54,950,282 43,520 54,993,802
Ave G. Lethbridge 54,949,804 43,999 54,993,803
Sanjay Nakra 54,947,721 46,081 54,993,802

The Firm additionally reviews that the appointment of Deloitte LLP because the Firm’s auditors for the 2022 fiscal 12 months was handed by a majority of the votes represented on the today techs Assembly.

The Firm’s full report of voting outcomes on issues introduced on the Assembly could be discovered below the Firm’s profile on SEDAR at www.sedar.com and on the Securities and Alternate Fee’s EDGAR web site at www.sec.gov.

About Algoma Metal Group Inc.

Based mostly in Sault Ste. Marie, Ontario, Canada, Algoma is a totally built-in producer of cold and warm rolled metal merchandise together with sheet and plate. With a present uncooked metal manufacturing capability of an estimated 2.8 million tons per 12 months, Algoma’s dimension and numerous capabilities allow it to ship responsive, customer-driven product options straight from the ladle to direct purposes within the automotive, development, vitality, protection, and manufacturing sectors. Algoma is a key provider of metal merchandise to prospects in Canada and Midwest USA and is the one producer of plate metal merchandise in Canada. The Firm’s mill is among the lowest value producers of scorching rolled sheet metal (HRC) in North America owing partly to its state-of-the-art Direct Strip Manufacturing Advanced (“DSPC”), which is the most recent skinny slab caster in North America with direct coupling to a primary oxygen furnace (BOF) soften store.

Algoma has achieved a number of significant enhancements over the past a number of years which can be anticipated to end in enhanced long-term profitability for the enterprise. Algoma has upgraded its DSPC facility and lately put in its No. 2 Ladle Metallurgy Furnace. Moreover, the Firm has value chopping initiatives underway and is within the technique of modernizing its plate mill amenities.

Immediately Algoma is on a metamorphosis journey, investing in its individuals and processes, optimizing and modernizing to safe a sustainable future.  Our buyer focus, rising functionality and braveness to satisfy the business’s challenges head-on place us firmly as your companion in metal.

For extra data, please contact:

Michael Moraca
Treasurer & Investor Relations Officer
Algoma Metal Group Inc.

Cellphone: 705.945.3300
E-mail: IR@algoma.com

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