Business
XXIX Closes Its Acquisition of 19.9% of Kintavar Exploration
XXIX sold its interest in the Roger Project to Kintavar for a 19.9% in the company. XXIX now...
About this update from Xxix Metal Corp.
[{"type":"text","content":"XXIX Closes Its Acquisition of 19.9% of Kintavar ExplorationXXIX sold its interest in the Roger Project to Kintavar for a 19.9% in the company.XXIX now owns 42,750,000 shares of Kintavar without incurring any dilution.Kintavar is a well-financed company, with new leadership and a new strategy focused on Roger.Toronto, Ontario--(Newsfile Corp. - September 16, 2025) - XXIX Metal Corp‎. (TSXV: XXIX) (OTCQB: QCCUF) (FSE: 5LW0) (\"XXIX\" or the \"Company\") is pleased to announce that it has closed its previously announced acquisition of 19.9% of Kintavar Exploration Inc. (\"Kintavar\") through an asset purchase agreement dated April 21, 2025 (the \"APA\") with Kintavar, , and Orecap Invest Corp. (\"Orecap\") pursuant to which XXIX and Orecap sold a ‎100% interest in the 987-hectare Roger project (the \"Transaction\") located in the ‎Chibougamau mining district in Quebec (the \"Roger Project\" or the \"Project\") for a ‎purchase price of $2,137,500.‎ With this Transaction, XXIX has realized value in a high-quality asset overlooked by the market, while retaining exposure through a 19.9% ownership in Kintavar. Kintavar, now led by Peter Cashin, and with support from the Ore Group, can focus dedicated resources and capital ($3.8 million in cash and investments) on developing Roger under a new Chibougamau-focused, base metal and gold exploration interpretation at Roger. Through this Transaction, Kintavar now has strong shareholder support, with XXIX and Orecap as cornerstone shareholders collectively holding 39.9%.Kintavar's New Interpretation of the Roger ProjectRoger, now 100%-owned by Kintavar, is located approximately 5km northwest of Chibougamau and spans 987 hectares. The Project was the subject of a historical mineral resource estimate with an indicated resource of 10.9Mt at 0.85 g/t gold, 0.80 g/t silver and 0.06% copper (333 Koz AuEq), and an inferred resource of 6.569Mt at 0.75 g/t gold, 1.18 g/t silver and 0.11% copper (202 Koz AuEq) (together, the \"Historical Estimate1\"). The Company is treating the Historical Estimate as a \"historical mineral resource\" under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (\"NI 43-101\") and the reader is cautioned not to treat it , or any part of it, as a current mineral resource. The Company has not done suff...