White Gold launches spin-out of W2 Critical Minerals

White Gold (WHGOF) entered into an arrangement agreement with W2 Critical Minerals, a wholly owned subsidiary of the Company. The Spin-Out is designed to unlock the value of White Gold’s non-gold project portfolio by transferring its portfolio of copper, molybdenum, tungsten and other critical mineral properties located in west-central Yukon into a dedicated, standalone vehicle, and spin-out the common shares of Spinco to the Company’s shareholders on the basis of one Spinco Share for every five White Gold Corp. shares held, through a plan of arrangement under the Business Corporations Act. In connection with the Spin-Out, Spinco intends to complete a private placement financing for gross proceeds of up to $5M and White Gold Corp. intends to retain 19.9% of the Spinco Shares upon completion of the Spin-Out. White Gold Corp. will continue to advance its flagship White Gold Project which hosts four near-surface gold deposits, that collectively contain an estimated 1,732,300 ounces of gold in indicated resources and 1,265,900 ounces of gold in inferred resources, with significant expansion potential on the resource itself and in the immediately surrounding area. The Company’s White Gold Project is also complimented by a substantial pipeline of gold targets across the Company’s district scale property portfolio in the emerging White Gold District. SpinCo Highlights: Spinco to apply to list the Spinco Shares on the TSXV shortly following completion of the Spin-Out. Spinco to include six properties representing approximately 15% of White Gold’s current claims and includes numerous copper and strategic metals targets presenting discovery upside in an area with prospective geology for copper, molybdenum, tungsten, antimony and bismuth across multiple deposit styles. Key targets – Bridget, Isaac and Mascot – situated within the Dawson Range, a proven mineral belt hosting major copper-gold systems such as the Casino deposit, Minto Mine, and the Carmacks Project. Several of the Spin-Out targets include additional upside potential for antimony and bismuth as secondary metals across orogenic gold, intrusion-related, epithermal, and porphyry systems. Further details regarding the Spin-Out, including its management team and strategic direction, as well as information pertaining to the annual general and special meeting of shareholders to approve the Spin-Out, anticipated to be held prior to the end of Q2 2026, will be provided in due course. Additional near term Company updates to include further exploration results, a maiden Preliminary Economic Assessment and the announcement of the company’s exploration program scheduled to kick off in the coming weeks, the largest in the company’s history, which is designed with the objective of meaningfully increasing the size of the company’s known large gold resource and following up on and making new gold and critical mineral discoveries across the Company’s district-scale land package.