White Gold plans Yukon critical minerals spinout

Executive Summary

• White Gold Corp. has announced the commencement of procedures to spin out its non-gold critical mineral portfolio into a new, stand-alone publicly listed entity (SpinCo) focused on Yukon-based critical minerals exploration.
• The transaction involves transferring six properties (representing ~15% of White Gold's claims) containing copper, molybdenum, tungsten, antimony, zinc, and bismuth targets to SpinCo, with shares distributed to existing shareholders.
• This move allows White Gold to concentrate exclusively on its flagship White Gold gold project while providing shareholders with direct exposure to the critical mineral assets, which are currently largely untested by drilling.

Key Details

• Transaction Structure: Spinout via a plan of arrangement under the Business Corporations Act (Ontario). SpinCo intends to list on the TSX Venture Exchange.
• Conditions: Subject to shareholder approval, regulatory approval (including TSX-V), and court approval.
• Assets Transferred: Six core properties in west-central Yukon, including key targets: Bridget, Isaac, Mascot, Loonie (Guilder), Wolf (Aries/Taurus), Hunker (Bum/Mint/Boxcar), and Toonie.
• White Gold Corp. Remaining Focus: The company will retain its flagship White Gold project, hosting four near-surface gold deposits with:
  • Indicated Resources: 1,732,300 oz Au (35.2 Mt @ 1.53 g/t Au).
  • Inferred Resources: 1,265,900 oz Au (32.2 Mt @ 1.22 g/t Au).
• SpinCo Portfolio Highlights:
  • Bridget Target: A 3x3.5 km Mo-Cu porphyry anomaly enriched with W, Bi, and Ag. Soil samples show Mo up to 321.9 ppm and Cu up to 710.1 ppm. 2025 IP surveys identified five porphyry targets. No drilling to date.
  • Isaac Target: A 2x1.5 km multielement anomaly with a Bi-As core and Ag-Pb-Zn halo. Rock samples returned up to 1,269.2 ppm Cu, 106.02 ppm Mo, and 3,100.1 ppm Zn. 2022 IP surveys identified eight chargeability anomalies. No drilling to date.
  • Wolf Property: Includes Aries (Cu-Mo porphyry footprint, Cu up to 923.9 ppm) and Taurus (Au anomaly, Au up to 358 ppb in soil, 1.22 g/t Au in bedrock). 2023 RAB drilling returned 0.81 g/t Au over 15.24m.
  • Loonie Property (Guilder Target): 3 km long Cu-Mo-Au-Zn-Pb anomaly. Prospecting samples returned 1,114.8 ppm Cu and 6.1 g/t Au.
  • Hunker Property: Historical high-grade Cu-Ag showings and a 2.5x2.7 km Cu-Au soil anomaly at Mint Pup.
  • Toonie Property: Zoned anomaly suggesting a buried intrusion with Au-Mo-Cu domain.
• Geological Context: Targets are located in the Dawson Range, a prolific belt hosting major deposits like Casino, Minto, and Carmacks.
• Technical Validation: Hyperspectral analysis of rock samples from Bridget and Isaac shows alteration mineralogy consistent with porphyry deposit models (phyllic, potassic, and propylitic alteration).
• Qualified Person: Steven Walsh, PGeo, senior geologist.

Notable Quotes

• Dylan Langille, VP of Exploration: "Assets such as Bridget, Isaac and Wolf exhibit the size, metal zonation and geophysical signatures typically associated with large, fertile porphyry systems, yet remain largely untested by drilling. Spinning these assets into a dedicated vehicle allows them to be advanced more effectively with the technical focus and disciplined exploration strategy they warrant."
• David D'Onofrio, CEO: "The timing of this proposed spinout aligns exceptionally well with the strong and growing support we are seeing from both the Yukon and federal governments for the responsible development of critical minerals... By creating a dedicated critical minerals company, we believe we are positioning these assets to directly benefit from this supportive policy environment, while providing shareholders with focused exposure to commodities that are increasingly central to Canada's long-term economic and supply chain strategies."