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Germanium Mining Corp
Symbol GMC
Shares Issued 19,180,717
Close 2026-06-22 C$ 0.235
Market Cap C$ 4,507,468
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Germanium Mining options Pluto property to XXIX Metal

2026-06-23 14:47 ET - News Release

Mr. Mario Pezzente reports

GERMANIUM MINING CORP. OPTIONS PLUTO PROPERTY TO XXIX METAL CORP.

Germanium Mining Corp. has optioned the Pluto property to XXIX Metal Corp. as follows.

XXIX will pay $50,000 in cash upon execution of the option agreement and another $50,000 in shares near or on Dec. 18, 2026; the number of shares to be issued will be determined and based on the 20-day volume-weighted average price.

XXIX will also incur an aggregate of at least $250,000 in exploration expenditures on or before December, 2028.

Upon exercise of the option, XXIX will grant to Germanium Mining a 2-per-cent net smelter return (NSR) royalty and XXIX shall have the right to reduce the NSR royalty by half to 1 per cent upon cash payment of $750,000 to the company.

The Pluto property is located approximately 10 kilometres west of the town of Chapais in the Nord-du-Quebec region of Quebec and consists of 10 mineral claims totalling 555.8 hectares (5.6 square kilometres).

Mario Pezzente, chief executive officer, commented: "By optioning the Pluto property, Germanium Mining Corp. will focus its efforts on advancing and developing germanium assets which represent its core business, and the company intends to benefit from unlocking strategic resources in stable jurisdictions to potentially contribute to a more secure and resilient North American supply chain."

About germanium

Germanium is a hard, greyish and brittle metalloid. Germanium has many growing applications in electronics and solar, fibre optics, and infrared optics for civil and military uses. Germanium is in the list of critical metals in Canada, the United States and the European Union.

Since Dec. 3, 2024, China, the largest producer of refined germanium, has banned germanium exports to the United States. Germanium is not an openly traded commodity and recent spot prices have germanium over $5,000 (U.S.) per kilogram.

The company cautions that the geological information provided in this news release is of a historical nature and mineralization may not be representative of mineralization on the Lac du Km 35 property.

Qualified person

Benoit Moreau, PEng, a qualified person as defined by National Instrument 43-101 and vice-president of exploration for Germanium Mining, has prepared and is responsible for the technical information contained in this news release.

About Germanium Mining Corp.

Germanium Mining is a publicly traded mineral exploration company focused on the exploration and advancement of discovery-stage mineral properties in top-tier mining jurisdictions across North America.

We seek Safe Harbor.

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