Linear Minerals Corp. Plans Spin-Off of Pontax West Lithium Property

Linear Minerals Corp. has announced its intention to spin off its Pontax West Lithium Property, located in Quebec, into a dedicated subsidiary, Westlinear Minerals Corp. This strategy is laid out in a Plan of Arrangement as of August 1, 2025.

Under the Arrangement, existing shareholders will receive one share of the new subsidiary for every ten shares they hold in Linear. This also applies to holders of options and warrants who exercise their options by the share distribution record date, yet to be announced.

This corporate maneuver aims to provide shareholders with stakes in both Linear Minerals, which will focus on remaining assets, and Spinco, dedicated to the Pontax West project. For completion, the plan requires shareholder approval, court consent, and acceptance by the Canadian Securities Exchange.