Linear Minerals Corp. Announces Approval of the Plan of Arrangement by the Supreme Court of British Columbia

Executive Summary

• The Supreme Court of British Columbia approved Linear Minerals Corp.’s Plan of Arrangement to spin out its Pontax West Lithium Property into a new subsidiary, Westlinear Minerals Corp. (“Spinco”).
• Shareholders will receive one share of Spinco for every 10 shares of Linear held on the forthcoming Share Distribution Record Date; option and warrant holders exercising before that date are entitled to the same allocation.
• Completion is pending acceptance by the Canadian Securities Exchange and further shareholder communications.

Key Details

• Court Approval: Supreme Court of British Columbia approved the Arrangement on October 29, 2025 (originally dated August 1, 2025).
• Share Distribution Ratio: 1 Spinco share per 10 Linear shares held on the Share Distribution Record Date.
• Option/Warrant Treatment: Holders who exercise options or warrants before the record date receive the same 1‑for‑10 allocation of Spinco shares.
• Asset Transfer: The Pontax West Lithium Property in Quebec will be transferred to Spinco.
• Post‑Arrangement Ownership: Linear shareholders will own shares in both Linear (remaining assets) and Spinco (Pontax West Lithium).
• Shareholder Approval: Arrangement was approved by Linear’s shareholders on October 23, 2025.
• Regulatory Condition: Completion subject to acceptance of the Arrangement by the Canadian Securities Exchange.
• Further Information: Details are in Linear’s information circular dated August 28, 2025, available via SEDAR (+link).

Notable Quotes

“Gurminder Sangha – CEO, Director” (issued on behalf of the board of directors)