Lewis Black - The shareholders director

As all that have been following the Almonty story over the last few months will know, Lewis loves that he is a shareholder. Every presentation is an opportunity to tell the audience that he is a shareholder. It is huge news. First and Foremost. Shareholders are at the focus of all that he does. A director with his sort of shareholding is unheard of and oh so rare.

Anyways. Here is his compensation from the last 3 years.

	year ended	Salary	Share Based	Options based	Other compensation	Total Compensation
1	Dec 31 2024	$866645	$392595	$714055		$1,973,295
2	Dec 31 2023	$835500	$329782	$223182		$1,438,464
3	Dec 31 2022	$516667	$453743	$2802868	$531667	$4,304,945

I have also taken the liberty (it’s a free world) to convert the then values to Today's values.

	year ended	Value of shares	Number of shares	Value of options	Number of options	exercise price
1	Dec 31 2024	0.66	594840.9091	0.36	1983486.111	0.66
2	Dec 31 2023	0.52	634196.1538	0.3	743940	0.52
3	Dec 31 2022	0.87	521543.6782	0.51	5495819.608	0.87

	year ended	todays price	value of shares today	Value of options today
1	Dec 31 2024	2.3	$1,368,134	$4,562,018
2	Dec 31 2023	2.3	$1,458,651	$1,711,062
3	Dec 31 2022	2.3	$1,199,550	$12,640,385

Now before you all get your knickers in a knot. Chill out. I will do the right thing and expose the EQR management for their despicable salaries.

I think that is enough. I can not bear to look at any more as an EQR shareholder. I am honestly surprised that the EQR management is even worth $580k. Just look at what has been achieved by Lewis in the last 3 years!

Lewis - 27 March 2025: “and one of the things I say to everybody whether people like it or not and I hate to blow my own trumpet but i'm quite unique in the junior mining space because I am a shareholder first and foremost I put millions of dollars of my own money into it and and and and and so when i get out of bed Im getting out of bed as a shareholder. “

Honestly. I am not a shareholder. I don’t wake up as a shareholder. And to be fair I am also not a shareholder that wakes up to compensation valued at over Twenty Five million dollars. Over the last 3 years Lewis Black based on today's share price has extracted from current shareholders a total of $25,158,612 canadian dollars worth of company cash, or script.

I own Perseus Shares. They make about $200m AUD cash a quarter. They have a Billion dollars AUD Cash. Their general manager made $1.86m AUD for the year. Why does Lewis bank 25mil in 3 years?