Germanium Mining options Pluto property to XXIX Metal

Executive Summary

• Germanium Mining Corp. has entered into an option agreement to transfer the Pluto property to XXIX Metal Corp.
• XXIX Metal Corp. will provide $100,000 in total consideration ($50,000 cash upfront and $50,000 in shares) and commit to at least $250,000 in exploration expenditures by December 2028.
• Upon exercise of the option, XXIX will grant Germanium Mining a 2% Net Smelter Return (NSR) royalty, which can be reduced to 1% for a $750,000 cash payment.

Key Details

• Transaction Structure: Property option agreement between Germanium Mining Corp. (grantor) and XXIX Metal Corp. (optionee).
• Property Details: Pluto property located approximately 10 km west of Chapais, Nord-du-Quebec, comprising 10 mineral claims totaling 555.8 hectares (5.6 sq km).
• Upfront Consideration: $50,000 in cash payable upon execution of the option agreement.
• Deferred Consideration: $50,000 payable in shares near or on December 18, 2026; share quantity to be determined based on the 20-day volume-weighted average price (VWAP).
• Exploration Commitment: XXIX must incur aggregate exploration expenditures of at least $250,000 on or before December 2028.
• Royalty Terms: Upon exercise, XXIX grants Germanium Mining a 2% Net Smelter Return (NSR) royalty.
• Royalty Reduction Option: XXIX holds the right to reduce the NSR royalty to 1% upon making a cash payment of $750,000 to Germanium Mining.
• Strategic Rationale: The transaction allows Germanium Mining to divest non-core assets and concentrate capital and operational efforts on advancing its core germanium projects in stable jurisdictions.

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."