XXIX Closes Its Acquisition of 19.9% of Kintavar Exploration

Core Viewpoint - XXIX Metal Corp. has successfully completed the acquisition of a 19.9% stake in Kintavar Exploration Inc. through the sale of the Roger Project for $2,137,500, positioning itself to benefit from Kintavar's future developments in the Chibougamau mining district [1][2][7]. Company Overview - XXIX Metal Corp. now holds 42,750,000 shares in Kintavar, representing approximately 19.97% of the issued shares, without incurring any dilution [6][19]. - The company aims to monetize its Kintavar shares opportunistically, similar to its previous successful strategy with Baselode Energy, which raised $7.85 million [6][7]. Kintavar Exploration Inc. - Kintavar, now fully owning the Roger Project, is focusing on developing the asset with a new strategy under the leadership of Peter Cashin, supported by $3.8 million in cash and investments [2][3]. - The Roger Project has a historical mineral resource estimate indicating an indicated resource of 10.9 million tonnes at 0.85 g/t gold, 0.80 g/t silver, and 0.06% copper, and an inferred resource of 6.569 million tonnes at 0.75 g/t gold, 1.18 g/t silver, and 0.11% copper [3][4]. Future Plans and Projects - Kintavar is evaluating historical data from the Roger Project, which shows potential for volcanic-hosted massive Cu-Zn-Au-Ag sulphide deposits [4]. - Kintavar has a portfolio of 17 projects across Quebec, including the Mitchi Project with a measured and indicated resource of 2.99 million tonnes at 0.4% copper and 4 g/t silver [5]. - XXIX is planning a 5,000-metre drill program at the former Cooke gold mine area and a 15,000-metre drill program at the K1 deposit at Thierry, aimed at expanding the resource base [9][10]. Upcoming Catalysts - XXIX is set to complete its maiden Preliminary Economic Assessment (PEA) on the Opemiska Project in October 2025, focusing on maximizing project value [8].