Element79 Announces Extension to Proposed Spin Out and Merger

Executive Summary

• Element79 Gold Corp. entered a second amendment to its Arrangement Agreement with Synergy Metals Corp., extending the deadline for completing the proposed arrangement to April 30, 2026.
• The company also executed a second amendment to its Merger Agreement with Synergy Metals Corp., pushing the outside completion date out to April 30, 2026.
• Element79 reaffirmed its commitment to both the proposed arrangement and the subsequent amalgamation.

Key Details

• Amending Agreements: Both amendments were dated effective October 31, 2025.
• Extended Deadline: The new target date for completing the transactions under the Arrangement Agreement is April 30, 2026 (previously earlier).
• Merger Extension: The Merger Agreement’s outside completion date is likewise extended to April 30, 2026.
• Parties Involved: Element79 Gold Corp. (“Element79”) and Synergy Metals Corp. (“Synergy”).
• Purpose: To provide additional time for the parties to satisfy regulatory, shareholder, and other conditions required to close the arrangement and subsequent amalgamation.

Notable Quotes

(No direct quotes were provided in the release.)