Stardust Reminds Shareholders of Upcoming Annual General and Special Meeting and Provides Additional Disclosure for the Meeting

About this update from Stardust Metal Corp.

Toronto, Ontario--(Newsfile Corp. - July 3, 2026) - Stardust Metal Corp. (CSE: ZIGY) ("Stardust" or the "Company") wishes to remind shareholders that its annual general and special meeting of shareholders (the "Meeting") is scheduled to be held on July 14, 2026. In connection with the Meeting, the Company is providing the following additional disclosure. Full details of the transaction described in this news release are set out in the management information circular dated June 1, 2026, mailed to shareholders as of the record date (the "Circular") prepared in connection with seeking shareholder approval of the option agreement effective November 17, 2025 (the "Option Agreement") between the Company and Orecap Invest Corp. ("Orecap"). The Option Agreement provides the Company with the option to acquire up to a 75% interest in Orecap's wholly owned McGarry project (the "McGarry Project"), subject to the terms and conditions set forth in the Option Agreement (the "Transaction"). Shareholders are encouraged to read the Circular first, and further context is provided within this news release. Except as described below, the Circular remains unchanged from the version that was mailed to shareholders of the Company and filed on SEDAR+. As noted in the Circular, the Transaction is a non-arm's-length transaction. As Orecap is a related party of the Company, beneficially owning approximately 12.1% of the outstanding common shares of the Company, representing more than 10% of the voting rights attached to all of the Company's outstanding voting securities, the Transaction is also a "related party transaction" under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions. The Circular contains disclosure that summarizes the terms and reasons for the Transaction, and the Company is providing the following supplemental disclosure regarding the background to the Transaction and the board approval and review process. In 2025, Orecap evaluated opportunities for the McGarry Project to be advanced outside of its existing business structure. The McGarry Project was viewed as being complementary to Stardust's Kirkland Lake projects, which were viewed as having increasing value based on the macro gold environment. Management of both Stardust and Orecap, which consisted of Stephen Stewart (Chairman of Stardust and CEO of Orecap), Joel...

View stock analysis, news, and events for Stardust Metal Corp.