XXIX Metal closes acquisition of 19.9% of Kintavar

Executive Summary

• XXIX Metal Corp. closed its acquisition of a 19.9 % equity stake in Kintavar Exploration Inc., completing an asset purchase agreement that transferred the 100 % interest in the 987‑ha Roger project to Kintavar for $2,137,500.
• In exchange, XXIX and Orecap received cash and investments of $3.8 million from Kintavar, while retaining a combined 39.9 % ownership (XXIX now holds 42.75 M shares ≈ 19.97 % of Kintavar).
• The transaction positions XXIX to monetize its Kintavar stake and funds upcoming exploration programs: Opemiska PEA (Oct 2025), Cooke drill program (Fall 2025) and Thierry maiden drill (Q1 2026).

Key Details

• Transaction Structure: Asset Purchase Agreement dated 21 Apr 2025; XXIX sold its 100 % interest in the Roger project to Kintavar/Orecap for $2,137,500.
• Equity Received: XXIX now holds 42.75 million Kintavar shares (≈ 19.9 % of outstanding). Combined with Orecap’s stake, they control 39.9 % of Kintavar.
• Cash/Investment Transfer: Kintavar provided $3.8 M in cash and other investments to fund continued development of the Roger project under its new ownership.
• Roger Project Overview: 987‑ha property in Chibougamau district; historic indicated resource of 10.9 Mt @ 0.85 g/t Au, 0.80 g/t Ag, 0.06 % Cu (333 k oz AuEq) and inferred 6.57 Mt @ 0.75 g/t Au, 1.18 g/t Ag, 0.11 % Cu (202 k oz AuEq). Treated as historical data only; not a current NI 43‑101 resource.
• Historical Intersections: Relogged core shows 7.0 % Zn, 0.36 % Cu and 10.5 g/t Ag over 6.0 m within iron‑chlorite altered tuffs – interpreted as a marker horizon for massive sulphide potential.
• Kintavar Portfolio: 17 projects across Quebec, including partnership with Iamgold on Anik (Gold), district‑scale Mitchi Cu‑Ag project (2.99 Mt @ 0.4 % Cu, 4 g/t Ag), Wabash high‑grade drill results (1.01 % Cu, 19.3 g/t Ag over 16.8 m).
• Future Catalysts – XXIX:
• Opemiska Preliminary Economic Assessment (PEA) targeted for Oct 2025.
• Cooke gold‑mine area drill program: ~5,000 m planned for Fall 2025.
• Thierry K1 deposit maiden drill program: up to 15,000 m in Q1 2026.
• Monetization Strategy: XXIX intends to opportunistically sell portions of its Kintavar stake, replicating prior successful non‑dilutive capital raise (e.g., $7.85 M from Baselode Energy).

Notable Quotes

(No direct CEO/President quotes were provided in the release.)