Class 1 Nickel and Technologies Management

Management criteria checks 3/4

Class 1 Nickel and Technologies' CEO is David Fitch, appointed in Mar 2021, has a tenure of 3.58 years. total yearly compensation is CA$118.00K, comprised of 84.7% salary and 15.3% bonuses, including company stock and options. directly owns 43.35% of the company’s shares, worth €6.68M. The average tenure of the management team and the board of directors is 3.6 years and 5.1 years respectively.

Key information

David Fitch

Chief executive officer

CA$118.0k

Total compensation

CEO salary percentage	84.7%
CEO tenure	3.6yrs
CEO ownership	43.3%
Management average tenure	3.6yrs
Board average tenure	5.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has David Fitch's remuneration changed compared to Class 1 Nickel and Technologies's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	-CA$2m
Mar 31 2024	n/a	n/a	-CA$2m
Dec 31 2023	CA$118k	CA$100k	-CA$2m
Sep 30 2023	n/a	n/a	-CA$5m
Jun 30 2023	n/a	n/a	-CA$5m
Mar 31 2023	n/a	n/a	-CA$5m
Dec 31 2022	CA$100k	CA$100k	-CA$6m
Sep 30 2022	n/a	n/a	-CA$4m
Jun 30 2022	n/a	n/a	-CA$11m
Mar 31 2022	n/a	n/a	-CA$15m
Dec 31 2021	CA$100k	CA$100k	-CA$15m

Compensation vs Market: David's total compensation ($USD85.74K) is below average for companies of similar size in the German market ($USD494.26K).

Compensation vs Earnings: David's compensation has increased whilst the company is unprofitable.

CEO

David Fitch

3.6yrs

Tenure

CA$118,000

Compensation

Mr. David Leo Fitch, B.Com. B.Juris., GAICD, served as Non-Executive Director at QEM Limited since February 27, 2020 until August 27, 2024. He guided the Company through the successful IPO process in Octob...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Fitch	President	3.6yrs	CA$118.00k	43.35% CA$ 6.7m
Omar Gonzalez	Chief Financial Officer	3.9yrs	CA$9.00k	no data
Alex Beloborodov	Exploration Manager	2.8yrs	no data	no data
Monique Hutchins	Company Secretary	no data	no data	no data

3.6yrs

Average Tenure

Experienced Management: 77C's management team is considered experienced (3.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
David Fitch	President	5.1yrs	CA$118.00k	43.35% CA$ 6.7m
David Crevier	Independent Director	4.5yrs	CA$18.00k	no data
Mathew Gilberton	Independent Director	5.1yrs	no data	0.98% CA$ 151.0k

5.1yrs

Average Tenure

Experienced Board: 77C's board of directors are considered experienced (5.1 years average tenure).

Class 1 Nickel and Technologies Management

Management criteria checks 3/4

Key information

Recent management updates

Class 1 Nickel and Technologies Limited, Annual General Meeting, Jun 18, 2024

Class 1 Nickel and Technologies Limited, Annual General Meeting, Jun 23, 2023

Insufficient new directors

Insufficient new directors

High number of new directors

Class 1 Nickel and Technologies Announces Resignation of Jonathan Fisher as Director

Recent updates

Class 1 Nickel and Technologies Ltd. Updates Resource Estimate on High-Grade Dundonald South Nickel Sulphide Deposit

New major risk - Financial position

Class 1 Nickel Updates Resource Estimate on High-Grade Alexo North Nickel Sulphide Deposit – Significant Increases in Indicated Resources over the 2020 Estimate

Class 1 Nickel and Technologies Limited announced that it has received CAD 0.52 million in funding

Class 1 Nickel and Technologies Ltd. Updates Resource Estimate on High-Grade Alexo South Nickel Sulphide Deposit

Class 1 Nickel and Technologies Limited, Annual General Meeting, Jun 18, 2024

Class 1 Nickel and Technologies Ltd. Provides Operations and Exploration Update on its Advanced Nickel Project, Timmins, Canada

Class 1 Nickel and Technologies Limited announced that it expects to receive CAD 0.75 million in funding

Class 1 Nickel and Technologies Limited announced that it has received CAD 0.4 million in funding

Class 1 Nickel and Technologies Limited announced that it expects to receive CAD 0.4 million in funding

Class 1 Nickel Provides Exploration Provide Update on Its Nickel Exploration and Operations for 100% Owned Alexo-Dundonald

Class 1 Nickel and Technologies Ltd. Reports Multiple Diamond Drill Hole Intercepts of High-Grade Nickel Including 1.0 m of 2.30% Ni and 0.7 m of 3.11% Ni from its Somanike Nickel Sulphide Project

New major risk - Financial position

Class 1 Nickel and Technologies Limited Completes Geochemical Soil and Biogeochemical Sampling Program At Its River Valley Pge Project, Near Sudbury, Ontario

Class 1 Nickel and Technologies Limited announced that it has received CAD 1 million in funding

Class 1 Nickel and Technologies Limited, Annual General Meeting, Jun 23, 2023

Insufficient new directors

Insufficient new directors

Class 1 Nickel and Technologies Ltd. Announces the Completion of Phase 1 Drilling At the Somanike Project (Marbridge Mine), Near Val-D’Or, Quebec

Class 1 Nickel and Technologies Limited announced that it has received CAD 0.45 million in funding from CL Fitch Pty Ltd

Class 1 Nickel and Technologies Limited announced that it has received CAD 0.5 million in funding

Class 1 Nickel and Technologies Ltd Announces the First Update of Its Drill Program to Test the TDEM Geophysical Anomalies At Somanike (Marbridge Mine) Project, Val-d'Or, Quebec

Class 1 Nickel and Technologies Limited announced that it has received CAD 1 million in funding

High number of new directors

Class 1 Nickel and Technologies Limited announced that it has received CAD 1.44 million in funding

Class 1 Nickel and Technologies Announces Resignation of Jonathan Fisher as Director

Class 1 Nickel Set to Commence Phase 1 Drill Program At Somanike Central Project

Class 1 Nickel and Technologies Limited announced that it has received CAD 1 million in funding

Class 1 Nickel and Technologies Limited announced that it expects to receive CAD 1 million in funding

Class 1 Nickel Identifies New Sulphide Nickel Targets in the La Motte Ultramafic Complex, Quebec

High number of new and inexperienced directors

Class 1 Nickel and Technologies Ltd. Announces Resignation of Mathew Fitch as Member of the Board of Directors

High number of new and inexperienced directors

Class 1 Nickel and Technologies Limited, Annual General Meeting, Jun 21, 2022

High number of new and inexperienced directors

Class 1 Nickel and Technologies Ltd Commences Geophysical work program at the Somanike Nickel-Copper - PGE Project in La Motte Quebec

Class 1 Nickel and Technologies Limited (CNSX:NICO) acquired River Valley East Property in Northeast of Sudbury, Ontario.

Class 1 Nickel and Technologies Limited Commences Phase 2 Drilling At the Alexo-Dundonald Nickel Project

Class 1 Nickel and Technologies Limited (CNSX:NICO) completed the acquisition of Strategic Portfolio of Mineral Claims in Ontario and Quebec from Platinum Group Elements Limited.

Class 1 Nickel and Technologies Limited (CNSX:NICO) entered into a definitive agreement to acquire Strategic Portfolio of Mineral Claims in Ontario and Quebec from Platinum Group Elements Limited for CAD 6 million.

Class 1 Nickel and Technologies Limited Announces Completion of Exploration Expenditures on Alexo-Kelex and Dundonald Nickel Properties

Class 1 Nickel and Technologies Ltd. Announces Progress of the Phase 1 Drilling Program At the Alexo-Dundonald Nickel Sulphide Property Near Timmins, Ontario

Class 1 Nickel and Technologies Limited announced that it has received CAD 4.0115 million in funding

Class 1 Nickel and Technologies Limited announced that it expects to receive CAD 4 million in funding

Class 1 Nickel Signs Memorandum of Understanding with Matachewan First Nation for Alexo-Dundonald Nickel Sulphide Project

Class 1 Nickel and Technologies Ltd. Announces Update on Nickel Sulphide Projects, Quebec and Ontario

Class 1 Nickel and Technologies Limited (CNSX:NICO) acquired Somanike Nickel Project from Quebec Precious Metals Corporation (TSXV:QPM) ) for CAD 0.075 million.

New 90-day high: €0.64

Class 1 Nickel and Technologies Limited Files Updated Total Estimated Indicated Mineral Resource

Class 1 Nickel and Technologies Limited. Announces Resignation of Taylor Dignan from the Board of Directors

Class 1 Nickel and Technologies Limited Reports Further Increase to Ni 43-101 Ni-Cu-Co Mineral Resources

Class 1 Nickel and Technologies Limited Prioritizes Newly Identified VTEM™ Conductor Anomalies for Upcoming Drilling Campaigns at Alexo-Dundonald

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure