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XXIX Metal Corp
Symbol XXIX
Shares Issued 421,158,481
Close 2026-09-18 C$ 0.21
Market Cap C$ 88,443,281
Recent Sedar+ Documents

XXIX Metal agreement for Pluto property

2026-09-18 18:43 ET - Property Agreement

The TSX Venture Exchange has accepted for filing documentation relating to an option agreement dated June 18, 2026, between XXIX Metal Corp. and an arm's-length vendor. Pursuant to the terms of the agreement, the company has the right to acquire a 100-per-cent interest in the Pluto property, located approximately 10 kilometres from the company's flagship Opemiska project in Quebec's Chapais-Chibougamau region.

Under the terms of the agreement, the aggregate consideration is $100,000, comprising $50,000 in cash and $50,000 in the company shares. Furthermore, the company is subject to incurring $250,000 in exploration expenditures on the property on or before Dec. 31, 2028. Upon exercise of the option, the property will be subject to a 2.0-per-cent net smelter return (NSR) royalty granted to the vendor, of which 1.0 per cent may be repurchased by the company for $750,000.

The company has issued 287,403 common shares at a deemed price of 17.4 cents per share as consideration for the transaction. For further details, please refer to the company's news releases dated Sept. 17, 2026, and June 23, 2026.

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