Germanium Mining Corp. Options Pluto Property to XXIX Metal Corp.

Executive Summary

• Germanium Mining Corp. has entered into an option agreement to option the Pluto Property in Nord-du-Québec to XXIX Metal Corp. (“XIXX”).
• The deal structure includes upfront cash payments, a future share issuance tied to VWAP, mandatory exploration expenditures, and a 2% NSR royalty (reducible to 1% for $750,000).
• The transaction allows Germanium Mining to divest non-core assets and concentrate capital and management efforts on its primary germanium-focused projects.

Key Details

• Transaction Structure: Option Agreement for the Pluto Property granted to XXIX Metal Corp. (“XIXX”).
• Upfront Cash Payment: $50,000 payable upon execution of the Option Agreement.
• Future Share Issuance: $50,000 payable in company shares near or on December 18, 2026; share quantity to be determined based on the 20-day volume weighted average price (VWAP).
• Exploration Expenditure Requirement: XIXX must incur a minimum of $250,000 in exploration expenditures on or before December 2028.
• Royalty Terms: Upon exercise of the option, XIXX will grant Germanium Mining a 2% Net Smelter Returns (NSR) royalty. This royalty can be reduced to 1% upon a $750,000 cash payment to the Company.
• Property Location: Approximately 10 kilometres west of Chapais in the Nord-du-Québec region of Québec.
• Claim Composition: Consists of 10 mineral claims totaling 555.8 hectares (5.6 km²).
• Strategic Rationale: The option enables Germanium Mining to focus on advancing its core germanium assets while unlocking value from the Pluto Property in a stable jurisdiction to support North American supply chains.

Notable Quotes

• Mario Pezzente, Chief Executive Officer: “By optioning the Pluto Property, Germanium Mining Corp. will focus its efforts on advancing and developing Germanium assets which represent its core business and the Company intends to benefit from unlocking strategic resources in stable jurisdictions, to potentially contribute to a more secure and resilient North American supply chain.”