Proposed Spinouts/Update re Ram Property Drilling
Executive Summary
- Teuton Resources announced two proposed spinouts of its mineral property and royalty assets, which would create two new publicly‑listed companies and give shareholders shares in three entities.
- The Ram property drilling program is now complete (2,056 m in seven holes); core has been logged, samples are being sent to MSALabs for assay, and a net‑textured chalcopyrite showing was discovered in Hole #7.
Key Details
- Spinout #1 – Stewart Area Properties:
- Includes Ram, Clone, Fiji, Tonga, Gold Mtn., Konkin Silver, Silver Baron (50/50 with Silver Grail) and Midas (75% Teuton).
- Also includes the Roman property (jointly owned with Silver Grail).
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A 43‑101 technical report is being prepared by a geological consultant.
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Spinout #2 – NSR & Additional Assets:
- Transfers net smelter royalty interests in the Sulphurets Hydrothermal System (Treaty Creek/Tudor Gold, Brucejack, Newmont Crown Project, Goldstorm Metals).
- Includes a 2.5 % NSR on Goldstorm’s Orion property and other prospective NSRs.
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Also transfers wholly‑owned properties: Bonsai, Harry, Horatio, Lord Nelson, Stamp; plus Teuton’s 45 % interest in the Del Norte property (with associated NSR buybacks).
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Spinout Mechanics:
- Assets will be moved to two newly created subsidiaries (“Company X” for Spinout #1 and “Company Y” for Spinout #2) via a statutory plan of arrangement under BC Business Corporations Act.
- Completion requires Supreme Court approval and a two‑thirds shareholder vote.
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Post‑spinout, shareholders will hold shares in Teuton and the two new spinout companies on a pro‑rata basis.
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Ram Property Drilling Update:
- Total of 2,056 m drilled across seven holes; all core logged and diamond‑sawed.
- Samples sent to MSALabs; assays will be held until all seven holes are completed.
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New surface exposure of net‑textured chalcopyrite observed in Hole #7 by Director Jeff Kyba.
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Supporting Materials:
- Core photos: https://teuton.com/Ram2025CorePhotos
- Net‑textured chalcopyrite photo: https://teuton.com/NetTextedSample
Notable Quotes
“Moving the non‑Treaty Creek interests into the proposed spinout companies will give these assets a chance to be valued on their own merits… Teuton shareholders benefit from receiving shares in two new spinout companies, either of which (or both) could by virtue of future exploration success grow into much larger concerns.” – Dino Cremonese, President & CEO
Materiality Assessment: Material – Positive** (The proposed spinouts represent a major restructuring that could unlock value for shareholders and affect the company’s capital structure; completion of drilling adds substantive operational data.)