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J2 Metals Incorporation ( (TSE:JTWO) ) has provided an update.
J2 Metals Inc. announced that its shareholders have approved a plan of arrangement with Twenty Mile Metals Inc., resulting in the distribution of 5,000,000 Spinco shares to J2 shareholders. This move will see Spinco cease to be a wholly owned subsidiary of J2, with the arrangement receiving overwhelming support from shareholders. The completion of this arrangement is contingent upon several conditions, including court approval and a private placement by Spinco. The company aims to unlock value for its shareholders and enhance its market positioning through this strategic move.
More about J2 Metals Incorporation
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. The company was formerly known as Cranstown Capital Corp. and completed its qualifying transaction in March 2025.
Average Trading Volume: 37,717
Technical Sentiment Signal: Buy
Current Market Cap: C$3M
Find detailed analytics on JTWO stock on TipRanks’ Stock Analysis page.