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J2 Metals Inc. Announces Court Approval for Spin-Out
Vancouver, British Columbia--(Newsfile Corp. - December 16, 2025) - J2 Metals Inc. (TSXV: JTWO) (...
About this update from J2 Metals Incorporation
[{"type":"text","content":"J2 Metals Inc. Announces Court Approval for Spin-OutVancouver, British Columbia--(Newsfile Corp. - December 16, 2025) - J2 Metals Inc. (TSXV: JTWO) (\"J2\" or the \"Company\") is pleased to announce the Supreme Court of British Columbia (the \"Court\") has approved the proposed plan of arrangement (the \"Arrangement\") with Twenty Mile Metals Inc. (formerly 1558117 B.C. Ltd.) (\"Spinco\") under a final order issued on December 10, 2025. As previously announced, under the Arrangement 5,000,000 Spinco shares, being all of the issued and outstanding common shares of Spinco (the \"Spinco Shares\") will be distributed to the shareholders, in proportion to their respective holdings of common shares of the Company on the share distribution record date (the \"Share Distribution Record Date\"), which will be determined by the Company's Board of Directors and announced by a release in advance. Following the Arrangement, Spinco will no longer be a wholly owned subsidiary of J2. Completion of the Arrangement remains subject to a number of conditions, including the following: the acceptance of the Arrangement by the TSX Venture Exchange (the \"TSX-V\");the conditional approval for the listing of the Spinco Shares on the TSX-V; andthe completion by Spinco of a private placement raising aggregate proceeds of at least $500,000. The Arrangement cannot be completed until all the above conditions are met. A copy of the arrangement agreement dated October 24, 2025, between J2 and Spinco is available on SEDAR+ at www.sedarplus.ca under the Company's profile. The Company will provide updates on the timing for completion of the Arrangement, as well as the Share Distribution Record Date in further releases.About J2 Metals Inc.J2 Metals Inc. is a Vancouver-based mineral exploration company focused on discovering critical minerals and precious metals in mining-friendly regions of Canada and the United States.For further information, please contact:Thomas LambCEO and DirectorJ2 Metals Inc. E-Mail: [email protected] Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsThis release contains certain \"forward-looking information\" and \"forward-looking statements\" (collectively \"forward-looking statements\") ...