Transition Metals Management

Management criteria checks 4/4

Transition Metals' CEO is Scott McLean, appointed in Nov 2009, has a tenure of 14.5 years. total yearly compensation is CA$165.60K, comprised of 91.3% salary and 8.7% bonuses, including company stock and options. directly owns 4.23% of the company’s shares, worth CA$171.35K. The average tenure of the management team and the board of directors is 13 years and 10.8 years respectively.

Key information

Scott McLean

Chief executive officer

CA$165.6k

Total compensation

CEO salary percentage	91.3%
CEO tenure	14.5yrs
CEO ownership	4.2%
Management average tenure	13yrs
Board average tenure	10.8yrs

Recent management updates

Recent updates

We're Not So Sure You Should Rely on Transition Metals' (CVE:XTM) Statutory Earnings

Feb 03

CEO Compensation Analysis

How has Scott McLean's remuneration changed compared to Transition Metals's earnings?
Date	Total Compensation	Salary	Company Earnings
Feb 29 2024	n/a	n/a	-CA$1m
Nov 30 2023	n/a	n/a	-CA$1m
Aug 31 2023	CA$166k	CA$151k	-CA$2m
May 31 2023	n/a	n/a	-CA$3m
Feb 28 2023	n/a	n/a	-CA$4m
Nov 30 2022	n/a	n/a	-CA$3m
Aug 31 2022	CA$174k	CA$174k	-CA$4m
May 31 2022	n/a	n/a	-CA$4m
Feb 28 2022	n/a	n/a	-CA$2m
Nov 30 2021	n/a	n/a	-CA$405k
Aug 31 2021	CA$191k	CA$131k	CA$3m
May 31 2021	n/a	n/a	CA$6m
Feb 28 2021	n/a	n/a	CA$5m
Nov 30 2020	n/a	n/a	CA$2m
Aug 31 2020	CA$68k	CA$68k	CA$459k
May 31 2020	n/a	n/a	-CA$1m
Feb 29 2020	n/a	n/a	-CA$1m
Nov 30 2019	n/a	n/a	-CA$1m
Aug 31 2019	CA$90k	CA$66k	-CA$2m
May 31 2019	n/a	n/a	-CA$2m
Feb 28 2019	n/a	n/a	-CA$3m
Nov 30 2018	n/a	n/a	-CA$2m
Aug 31 2018	CA$133k	CA$133k	-CA$2m
May 31 2018	n/a	n/a	-CA$770k
Feb 28 2018	n/a	n/a	-CA$901k
Nov 30 2017	n/a	n/a	-CA$1m
Aug 31 2017	CA$130k	CA$106k	-CA$2m

Compensation vs Market: Scott's total compensation ($USD120.36K) is below average for companies of similar size in the Canadian market ($USD174.31K).

Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.

CEO

Scott McLean (61 yo)

14.5yrs

Tenure

CA$165,597

Compensation

Mr. Scott McLean, HBSc., P.Geo., FGC., has been Interim President & Chief Executive Officer at Tesoro Minerals Corp. (formerly known as Auro Resources Corp.) since April 16, 2021. He is the Chief Executiv...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Scott McLean	President	14.5yrs	CA$165.60k	4.23% CA$ 171.4k
Carmelo Marrelli	Chief Financial Officer	2.7yrs	CA$39.68k	no data
Thomas Hart	Vice President of Exploration	12.7yrs	CA$179.56k	no data
Gregory Collins	Chief Operating Officer	13.4yrs	CA$135.79k	1.25% CA$ 50.7k

13.0yrs

Average Tenure

52yo

Average Age

Experienced Management: XTM's management team is seasoned and experienced (13 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Scott McLean	President	14.5yrs	CA$165.60k	4.23% CA$ 171.4k
Thomas Atkins	Independent Director	13.3yrs	CA$5.75k	0.022% CA$ 899.9
Jason Marks	Independent Director	10.8yrs	CA$5.75k	no data
Brian Montgomery	Independent Director	10.8yrs	CA$5.75k	0.18% CA$ 7.3k
Jordan Black	Director	less than a year	no data	0.12% CA$ 4.8k

10.8yrs

Average Tenure

64yo

Average Age

Experienced Board: XTM's board of directors are seasoned and experienced ( 10.8 years average tenure).

Transition Metals Management

Management criteria checks 4/4

Key information

Recent management updates

Transition Metals Corp., Annual General Meeting, Feb 21, 2024

Transition Metals Corp., Annual General Meeting, Feb 24, 2023

Insufficient new directors

Insufficient new directors

Transition Metals Corp., Annual General Meeting, Feb 16, 2021

Recent updates

New major risk - Share price stability

Transition Metals Corp., Annual General Meeting, Feb 21, 2024

New major risk - Share price stability

Transition Metals Corp. Completes Ground Fixed Loop Electromagnetic Survey

New minor risk - Shareholder dilution

Transition Metals Corp. announced that it has received CAD 1.000014 million in funding

Transition Metals Corp. announced that it has received CAD 1.000014 million in funding

Transition Metals Corp. Provides an Interpretation of Results from Field Work Completed At the Company's 100% Owned and Optioned Jolly Gold Property

Transition Metals Corp. announced that it expects to receive CAD 1 million in funding

First half 2023 earnings released: CA$0.028 loss per share (vs CA$0.03 loss in 1H 2022)

Transition Metals Corp. Intersects Bonanza Silver Mineralization in Shallow RC Drilling at ERT Zone, Pike Warden Property, Yukon

Full year 2022 earnings released: CA$0.078 loss per share (vs CA$0.06 profit in FY 2021)

Transition Metals Corp., Annual General Meeting, Feb 24, 2023

Transition Metals Corp. Reports Assays from the Drilling Completed This Fall At Its Maude Lake Property Located 10Km North of Schreiber, Ontario

Insufficient new directors

Transition Metals Corp Mobilizes RC Drill to Complete Three Holes

Transition Metals Corp to Present Channel Sampling Results from Summer Field Work on Its Maude Lake Property Located Near Schreiber, Ontario

Transition Metals Corp. Initiates Diamond Drilling At Its Aylmer Cu-Au Project, Sudbury Area, Ontario

Third quarter 2022 earnings released: CA$0.027 loss per share (vs CA$0.009 profit in 3Q 2021)

Transition Metals Provides Update on Field Programs in Ontario

Transition Metals Corp. Initiates Field Programme to Confirm Airborne Geophysical Targets for Drill-Testing on Its Maude Lake Property

Second quarter 2022 earnings released: EPS: CA$0.012 (vs CA$0.044 in 2Q 2021)

Insufficient new directors

Transition Metals Corp. Reports the Return of the Gowganda Cobalt Property

McFarlane Lake Mining Limited acquired Mongowin Property from Transition Metals Corp. (TSXV:XTM) for CAD 3.1 million.

First quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Transition Metals Corp. Provides Update on Summer Exploration Programs on Key Projects in Ontario, Saskatchewan and Newfoundland

Chief Financial Officer Christopher Chadder has left the company

Third quarter 2021 earnings released: EPS CA$0.027 (vs CA$0.005 loss in 3Q 2020)

Transition Metals Corp Embarks on Aggressive Summer Field Exploration Programs on Major Projects in Ontario, Saskatchewan and Newfoundland

Second quarter 2021 earnings released: EPS CA$0.044 (vs CA$0.032 loss in 2Q 2020)

New 90-day low: CA$0.25

New 90-day high: CA$0.22

Transition Metals Corp. Commences Drilling on its Sawmill Property, Sudbury Area, Ontario

We're Not So Sure You Should Rely on Transition Metals' (CVE:XTM) Statutory Earnings

First quarter 2021 earnings released: EPS CA$0.025 (vs CA$0.011 loss in 1Q 2020)

Transition Metals Corp Reports the Results of A Successful Property-Wide Helicopter-Supported

Transition Metals Corp. Announces the Discovery of a New High-Grade Gold Occurrence (The JBM Showing) on its Sawmill Property

Full year 2020 earnings released: EPS CA$0.01

Transition Metals Corp. announced that it expects to receive CAD 0.25 million in funding

Transition Metals Corp., Annual General Meeting, Feb 16, 2021

Transition Metals Corp Report Results from Grab Samples Collected over its 100% Owned, 150 Square Kilometre Wollaston Copper Project

Transition Metals Corp Enters into Option Agreement to Acquire 100% Interest in the Sawmill Au-Cu Property Located 40 Kilometres Northeast of the Sudbury Mining Camp Within Parkin and Hutton Townships. the Property Consists of 106 Contiguous Mining

Nova Royalty Corp. entered into an agreement to acquire Royalty Interests Portfolio from Transition Metals Corp. (TSXV:XTM).

Transition Metals Corp. (TSXV:XTM) acquired 10 Mining Claims Located in Mongowin township near Espanola, Ontario for CAD 0.02 million.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age