Infinitum Copper shareholders approve AGM resolutions

Executive Summary

• Infinitum Copper Corp. reported the voting outcomes of its Annual General and Special Shareholders’ Meeting held on Sept. 18, 2025.
• Shareholders approved the sale of Exploraciones Margarita S.A. (“EMSA”) to Kenadyr Metals Corp., satisfying a key closing condition for the transaction.
• The definitive share purchase agreement remains subject to TSX‑V approval and customary closing conditions; terms include $100k cash (with $25k deposit) and issuance of 1,842,719 Kenadyr shares, plus earn‑out equity upside up to 2.588 M additional shares.

Key Details

• Directors: Number set at four; all nominated directors elected.
• Auditor Appointment: De Visser Gray LLP appointed; remuneration to be fixed by the board.
• Equity Incentive Plan: Ratified and confirmed by shareholders.
• Sale of EMSA: Approved as a special resolution; sale of 100 % of EMSA shares to Kenadyr.
• Transaction Terms (Kenadyr):
• Cash consideration: $100,000 total, with $25,000 already deposited.
• Share consideration: 1,842,719 Kenadyr common shares subject to voluntary resale restrictions; releases over 18 months.
• Earn‑out provision: If Kenadyr completes equity financing up to $3.5 M within 12 months post‑closing, Infinitum will receive additional shares (no extra consideration) sufficient to maintain a 9.0 % ownership stake, capped at 2,588,000 shares.
• Closing Conditions: Final approval by the TSX Venture Exchange and satisfaction/waiver of other customary conditions remain outstanding.
• Potential Listing Impact: The disposition may trigger re‑classification of Infinitum to the NEX board if listing requirements are no longer met.

Notable Quotes

(No direct quotes were provided in the release.)