Linear Minerals Corp. Announces Results of Annual General and Special Meeting and Approval of the Plan of Arrangement by Shareholders

Executive Summary

• Shareholders approved a Plan of Arrangement to spin out the Pontax West Lithium Property into a new subsidiary, Westlinear Minerals Corp. (“Spinco”).
• Each shareholder will receive one share of Spinco for every 10 shares of Linear held on the record date; option and warrant holders exercising before that date are entitled to the same ratio.
• Completion of the Arrangement requires approval by the Supreme Court of British Columbia and acceptance by the Canadian Securities Exchange.

Key Details

• Board Re‑election: Gurminder Sangha, Jurgen Wolf, Craig Alford, Jason Grewal and Jodie Gibson re‑elected; board size fixed at five directors.
• Auditor Appointment: DeVisser Gray LLP appointed as the Company’s auditors.
• Plan Approvals: Stock Option Plan and Restricted Share Unit Plan re‑approved by shareholders.
• Spin‑out Mechanics:
• Spinco will receive the Pontax West Lithium Property (Quebec).
• Share distribution ratio: 1 Spinco share per 10 Linear shares held on the Share Distribution Record Date (to be announced).
• Options/warrants exercised before the record date also qualify for the same allocation.
• Resulting Ownership: Post‑completion, shareholders will own shares in two public companies – Linear Minerals Corp. (remaining assets) and Westlinear Minerals Corp. (Pontax West Lithium Property).
• Conditions to Closing:
• Approval of the Supreme Court of British Columbia.
• Acceptance of the Arrangement by the Canadian Securities Exchange.
• Reference Documents: Details contained in the information circular dated August 28, 2025, available on SEDAR+.

Notable Quotes

• “We are pleased to have received shareholder support for the spin‑out, which will allow both Linear and Westlinear to focus on their respective core assets,” – Gurminder Sangha, CEO & Director.