Linear Minerals Corp. acquires the Kipawa West Rare Earth Project, Quebec

Executive Summary

• Linear Minerals Corp. entered into an option agreement to acquire 100 % of the Kipawa West rare‑earth property (≈3,000 ha) in Quebec.
• The option requires issuance of up to 4.5 million common shares and payment of up to $1.25 million in exploration expenditures over three years, with a 2 % gross‑metal royalty retained by the seller.
• The acquisition positions Linear within an established rare‑earth district adjacent to the historic Kipawa deposit, enabling initial work programs (mapping, sampling, geophysics) to assess target zones for future drilling.

Key Details

• Property Description: 53 mining claims covering ~3,000 ha, located ~30 km east of Témiscaming and ~140 km south of Rouyn‑Noranda, Quebec.
• Geology: Peralkaline syenites, gneisses, amphibolites, calc‑silicate rocks, marbles, and peralkaline granites; historic sediment sampling shows anomalous Ce and La values.
• Proximity to Known Deposit: Approximately 15 km west of the Kipawa rare‑earth deposit (historic NI 43‑101 resources, heavy‑REE rich).

Option Terms – Share Issuances 1. 1,000,000 common shares issued upon execution of the option agreement.
2. Additional 1,500,000 shares to be issued on or before the first anniversary of the effective date (Dec 9 2026).
3. Additional 2,000,000 shares to be issued on or before the second anniversary of the effective date (Dec 9 2027).

Option Terms – Exploration Expenditures * $250,000 payable on or before the first anniversary of the effective date.
$500,000 payable on or before the second anniversary of the effective date.
$500,000 payable on or before the third anniversary of the effective date.

• Royalty: The optionor retains a 2.0 % gross‑metal royalty (GMR) on any future production from the property.

• Regulatory Conditions: Share issuances subject to approval by the Canadian Securities Exchange and other required regulators; shares will be subject to a hold period of four months and one day.

• Planned Work Program: Linear will review historical data and commence an initial work program comprising geological mapping, surface sampling, and geophysical surveys to delineate drill‑ready targets.

Notable Quotes

“With this acquisition, Linear Minerals strengthens its mission to identify and develop high‑value critical mineral assets in politically stable, mining‑friendly jurisdictions.” – Gurminder Sangha, CEO & Director

The above information is extracted from the company’s press release dated December 10 2025. All forward‑looking statements are subject to risks and uncertainties as described in the original release.