Germanium Mining Corp. Options Pluto Property to XXIX Metal Corp.

About this update from Germanium Mining Corp.

(via TheNewswire)   VANCOUVER, BRITISH COLUMBIA – TheNewswire - JUNE 23rd, 2026 – GERMANIUM MINING CORP. (GERMANIUM MINING”, “GMC”, OR THE “COMPANY”) (CSE: GMC; OTCQB: EMSKF; FSE: YW0) is pleased to announce that the Company has optioned the Pluto Property to XXIX Metal Corp. (“XIXX”) as follows: XIXX will pay $50,000 in cash upon execution of the Option Agreement and another $50,000 in shares near or on December 18, 2026; the number of shares to be issued will be determined and based on the 20 days volume weighted average price. XIXX will also incur an aggregate of at least $250,000 in Exploration Expenditures on or before December 2028. Upon exercise of the Option, XIXX will grant to Germanium Mining a 2% net smelter returns royalty (“NSR”) and XIXX shall have the right to reduce the NSR royalty by half to 1% upon cash payment of $750,000 to the Company. The Pluto Property is located approximately 10 kilometres west of the town of Chapais in the Nord-du-Québec region of Québec and consists of 10 mineral claims totaling 555.8 hectares (5.6 km2). Mario Pezzente, Chief Executive Officer, commented: “By optioning the Pluto Property, Germanium Mining Corp. will focus its efforts on advancing and developing Germanium assets which represent its core business and the Company intends to benefit from unlocking strategic resources in stable jurisdictions, to potentially contribute to a more secure and resilient North American supply chain.” About Germanium Germanium is a hard, greyish and brittle metalloid.  Germanium has many growing applications in electronics and solar, in fiber optics, and Infrared optics for civil and military uses.  Germanium is in the list of critical metals in Canada, the United States and the European Union. Since December 3, 2024, China, the largest producer of refined germanium, has banned germanium exports to the United States.  Germanium is not an openly traded commodity and recent spot prices have germanium over US$5,000 per kilogram. The Company cautions that the geological information provided in this news release is of historical nature and mineralization may not be representative of mineralization on the Lac du Km 35 Property. Qualified Person Benoit Moreau, P.Eng., a qualified person as defined by National Instrument 43-101, and vice-president of exploration for Germanium Mining Corp., has prepared and is res...

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