Doubleview Appoints Canaccord Genuity as Financial Advisor in Connection with a Formal Strategic Review Process

Executive Summary

• Doubleview Gold Corp. has appointed Canaccord Genuity Corp. as financial advisor to lead a formal strategic review process aimed at maximizing shareholder value.
• The review will evaluate a broad spectrum of strategic and financial alternatives, including a potential sale of the Hat Project, mergers, joint ventures, recapitalizations, or strategic investments.
• The Hat Project's Preliminary Economic Assessment highlights strong economics, with an after-tax NPV(5%) of C$6.73B–C$7.27B at consensus prices and C$13.53B–C$14.85B at spot prices, alongside an IRR of 19%–39%.

Key Details

• Financial Advisor Engagement: Canaccord Genuity Corp. appointed to provide comprehensive advisory services including financial analysis, valuation, transaction structuring, merger modelling, negotiation support, and fairness opinions.
• Strategic Review Scope: Explores potential sale of the Hat Project or other near-term alternatives, mergers, amalgamations, plans of arrangement, joint ventures, business combinations, recapitalizations, special dividends, and strategic investments (including from government-backed entities and sovereign wealth funds).
• Hat Project PEA Financials: After-tax NPV(5%) ranges from C$6.73 billion to C$7.27 billion at consensus metal prices; C$13.53 billion to C$14.85 billion at spot metal prices.
• Hat Project IRR: Ranges from 19% to 39%.
• Critical Minerals Exposure: Project includes potential value contribution from a scandium and cobalt recovery circuit.
• Project Location & Geology: Polymetallic copper-gold-cobalt-scandium porphyry-style mineralized system located in northwestern British Columbia (Golden Triangle).
• Timeline & Certainty: No defined timetable for completion; no assurance that the review will result in a transaction or dictate specific terms, structure, timing, or completion.
• Qualified Person: Erik Ostensoe, P. Geo., reviewed and approved technical contents; noted as not independent due to shareholder status.

Notable Quotes

• Farshad Shirvani, President and CEO: "The Hat Project has delivered a robust Preliminary Economic Assessment with an after-tax NPV(5%) ranging from C$6.73 billion to C$7.27 billion at consensus metal prices and C$13.53 billion to C$14.85 billion at spot metal prices, and an IRR ranging from 19% to 39%, demonstrating exceptional economics and significant critical-minerals exposure, including potential value contribution from a scandium and cobalt recovery circuit. Engaging Canaccord Genuity to lead a formal strategic review process allows the Board to thoroughly and independently evaluate all available options to unlock the full value of the Hat Polymetallic Project in British Columbia's Golden Triangle for the benefit of our shareholders and stakeholders. We believe the current strong commodities environment and the global focus on critical minerals supply security make this an opportune moment to pursue this process."