Sailfish postpones special meeting to March 3

Executive Summary

• Sailfish Royalty Corp. is restructuring the consideration for its proposed disposition of the Mount Hamilton gold-silver project to Mako Mining Corp., aiming to increase payment certainty by uncoupling payments from project production.
• The total quantum of the transaction consideration remains unchanged at $40 million (U.S.).
• The Annual General and Special Meeting of Shareholders, originally scheduled for February 10, 2026, has been postponed to March 3, 2026, to allow shareholders time to review the amended transaction agreements and a supplementary management information circular.

Key Details

• Transaction Restructuring: Sailfish and Mako Mining are finalizing a restructuring of the consideration for the disposition of the Mount Hamilton gold-silver project in White Pine County, Nevada.
• Consideration Terms: The total transaction value remains $40 million (U.S.). The restructuring aims to increase the certainty and timing of payments to Sailfish by decoupling payments from the production of the Mount Hamilton project.
• Amended Agreements: The restructured consideration will be reflected in amended and restated transaction agreements.
• Regulatory Filings: Further details will be provided in a supplement to the management information circular dated January 6, 2026. These documents will be filed on SEDAR+ and mailed to shareholders.
• Closing Conditions: Closing of the disposition is not subject to any additional closing conditions beyond:
  • Approval of Sailfish shareholders at the special meeting.
  • Approval of Mako Mining shareholders.
  • Approval of the TSX Venture Exchange.
• Meeting Postponement: The special meeting is postponed to March 3, 2026, at 10:00 a.m. Vancouver time.
• Voting Logistics:
  • Record date for voting eligibility remains January 6, 2026.
  • Proxy submission deadline extended to 10:00 a.m. on February 27, 2026, Vancouver time.
  • Previously mailed proxy forms remain valid; no action is required from shareholders who do not wish to change their vote.
  • Shareholders retain the right to revoke or change proxies prior to the new deadline.

Notable Quotes

• None explicitly quoted in the text, though the rationale is attributed to the company's strategy to "increase the certainty and timing of payments".