NGEx sets Sept. 12 special meeting vote on spinout

Executive Summary

• NGEx Minerals filed a notice of special shareholders’ meeting to approve a statutory plan of arrangement that will spin out net smelter return royalties on the Lunahuasi and Los Helados projects into a new entity (RoyaltyCo, to be renamed Delta Royalties).
• Shareholders will receive one new NGEx share per existing share and ¼ of a RoyaltyCo share per existing share; an accompanying stock‑option plan for RoyaltyCo is also proposed.
• New NI 43‑101 technical reports for both projects were filed on SEDAR+, supporting the arrangement and providing updated resource information.

Key Details

• Meeting Information:
• Date & Time: September 12, 2025 at 10 a.m. (Vancouver time)
• Location: Suite 2800, Four Bentall Centre, 1055 Dunsmuir St., Vancouver, B.C.

• Record date for shareholders: August 5, 2025

• Arrangement Mechanics:

• Each NGEx shareholder will receive:
  • 1 new NGEx common share per existing share (effective date of arrangement)
  • ¼ of a RoyaltyCo common share per existing share

• The arrangement is to be effected via a statutory plan of arrangement under the Canada Business Corporations Act.

• Approval Threshold:

• At least 66.67 % of votes cast on the arrangement resolution must be in favour for it to pass.

• RoyaltyCo Governance (post‑completion):

• Board: Wojtek Wodzicki, Adam Lundin, Martino De Ciccio

• Management: Wojtek Wodzicki (Interim President & CEO), Peter Hemstead (CFO & Interim Corporate Secretary)

• Listing Plans:

• RoyaltyCo has applied to list its shares on the TSX‑V; listing is subject to regulatory approval and may not occur.

• Euroclear Shareholder Process:

• Euroclear Sweden AB holders can cross‑border their NGEx shares free of charge to CDS until September 19, 2025.

• After that date, holdings will be withdrawn from Euroclear and re‑registered directly with Computershare.

• Court Orders & Timeline:

• Interim order obtained from BC Supreme Court on August 12, 2025 authorising the meeting.
• Anticipated hearing for final court order: September 18, 2025.

• Expected completion of arrangement: Q4 2025, subject to shareholder approval and satisfaction of conditions.

• Technical Reports Filed (NI 43‑101):

• Lunahuasi Project – Argentina:
  • Title: “Technical Report on the Lunahuasi Project, Argentina”
  • Dated: August 22, 2025; Effective date: August 6, 2025
  • Qualified Person: Luke Evans, MSc, PEng (SLR Consulting)

• Los Helados Project – Chile & Argentina:

  • Title: “Technical Report on the Los Helados Project, Chile and Argentina”
  • Dated: August 22, 2025; Effective date: July 29, 2025
  • Qualified Persons: Luke Evans, MSc, PEng; Dr. Giovanni Di‑Prisco, PhD, PGeo (SLR Consulting)

• Contact Information for Voting Assistance:

• Computershare Investor Services Inc.: 1‑800‑564‑6253 (North America) / 1‑514‑982‑7555 (International) – email: [email protected]

Notable Quotes

(No direct quotes were provided in the release.)