OVI Mining Corp. Files Early Warning Report for Lux Metals Corp

Executive Summary

• OVI Mining Corp. acquired 15,125,477 common shares of Lux Metals Corp. at a deemed price of $0.20 per share, representing ~19.9% of Lux’s non‑diluted equity.
• The purchase was executed under an option agreement that gives Lux the right to acquire 100 % of OVI’s La Grande Project; OVI now holds a strategic minority stake in Lux.
• An early‑warning report related to this transaction will be filed with Canadian securities regulators and made available on SEDAR+.

Key Details

• Acquisition size: 15,125,477 common shares of Lux Metals Corp. (TSXV: LXM).
• Purchase price: Deemed $0.20 per share (total implied consideration ≈ $3.025 M).
• Ownership post‑transaction: Approximately 19.9 % of Lux’s issued and outstanding common shares on a non‑diluted basis.
• Transaction context: Shares were purchased pursuant to Lux’s exercised option to acquire a 100 % interest in OVI’s La Grande Project under the Option Agreement dated November 10, 2025.
• Prior position: OVI held no Lux shares before the transaction.
• Future flexibility: OVI may acquire additional equity, debt or other securities of Lux, or dispose of its holdings, based on market conditions and business considerations.
• Regulatory filing: An early‑warning report will be filed with Canadian securities regulators; available on SEDAR+ under Lux’s issuer profile. Contact: Jean‑Félix Lepage (438‑454‑5636 / [email protected]).

Notable Quotes

(No direct quotes were included in the release.)