XXIX has issued 287,403 common shares to Germanium Mining Corp., fulfilling the share consideration requirement of an option agreement to acquire a 100% interest in the Pluto Property in Quebec.

The transaction satisfies the C$50,000 share component of the agreement at a deemed price of C$0.174 per share, based on the 20-day volume-weighted average trading price ending September 8, 2026. The issued shares are subject to a four-month and one-day statutory hold period.

Following the share issuance, XXIX's remaining obligation under the option terms is to complete at least C$250,000 in exploration expenditures on the property on or before December 31, 2028.

The Pluto Property covers approximately 556 hectares and is located about 10 kilometres from the company's flagship Opemiska Project in Quebec's Chapais-Chibougamau region. Historical work on the property indicates copper, gold, and silver potential that requires modern technical validation. Planned preliminary work includes compiling historical datasets, completing reconnaissance mapping and prospecting, ranking exploration targets, and assessing whether subsequent trenching or drilling is warranted. Recent forestry road development in the area has improved physical access, which may reduce the cost of initial fieldwork.

The acquisition is intended as a supplementary addition to XXIX's broader operational strategy in the region rather than a core development focus. The company's primary assets remain centered on advancing the Opemiska Project and the Thierry Project. The flagship Opemiska Project spans 21,333 hectares and was evaluated in an October 2025 Preliminary Economic Assessment outlining a 12,500 tonnes-per-day open pit operation over a 17-year mine life, generating an after-tax net present value at an 8% discount rate of $505 million and an internal rate of return of 27.2%. Opemiska is currently being advanced toward a pre-feasibility study supported by ongoing environmental and social baseline studies.

Read the full announcement: XXIX Expands Opemiska's Regional Footprint by Advancing the Pluto Property Option