QcX Gold Announces Receipt of Interim Order

QCX Gold Corp. has secured an interim order from the Supreme Court of British Columbia to proceed with a statutory arrangement with Sterling Metals Corp. The transaction, which follows a definitive agreement dated June 1, 2026, now moves to the shareholder approval stage.

A special meeting of shareholders is scheduled for August 18, 2026, with a target closing date on or around August 25, 2026. The arrangement terms involve an exchange ratio of 1 Sterling common share for every 4.81026 QCX shares, implying a consideration of approximately $0.25666 per QCX share. Post-closing ownership is expected to be approximately 90.75% for existing Sterling shareholders and approximately 9.25% for QCX shareholders.

Outstanding QCX options and warrants will be exchanged for equivalent Sterling securities on the same economic terms. An information circular detailing the terms and background will be filed on SEDAR+.

QCX Gold Corp. (QCX) has received an interim order, a standard procedural milestone in its court-approved arrangement that confirms the merger is advancing on schedule and removes the immediate legal hurdle of calling the shareholder vote. The implied exchange value of ~$0.25666 represents a modest premium of approximately 28% over the recent trading range of $0.20–$0.23.

The deal consolidates a land package exceeding 35,000 hectares across Ontario's Batchawana Copper Belt, significantly expanding Sterling's footprint and adding multiple copper and gold targets adjacent to the Soo Copper Project. As this is a direct follow-up to the June 2, 2026 announcement, the market likely already priced in the merger terms, with the news serving to validate execution rather than introduce new fundamental value.

QCX Gold Corp. is a junior exploration company with no revenue, focused on gold and VMS-style mineralization in Quebec and Ontario. Its flagship asset is the Batchawana Project in Ontario, which has been recently expanded through multiple acquisitions to over 35,000 hectares. The property shares a >6.6 km boundary with Sterling Metals' Soo Copper discovery and lies along strike of the historic Tribag mine.

The company also holds the Golden Giant Project in Quebec, which has gold and lithium potential, and the Fernet Project in Quebec, which is adjacent to Wallbridge Mining's Fenelon and Martinière properties. QCX Gold’s exploration strategy involves target generation and delineation using high-resolution airborne magnetic surveys, soil sampling, and structural analysis to identify porphyry-style copper-gold targets.