XXIX Metal issues shares to advance Pluto property option in Quebec
XXIX Metal Corp. (TSXV: XXIX) (OTCQB: QCCUF) has issued 287,403 common shares to Germanium Mining Corp., fulfilling a share issuance requirement under an option agreement that gives XXIX the right to acquire a 100% interest in the Pluto Property in Quebec's Chapais-Chibougamau region.
The shares were issued at a deemed price of C$0.174 per share, based on the 20-day volume-weighted average trading price on the TSX Venture Exchange ending September 8, 2026, satisfying a C$50,000 share consideration requirement. The shares carry a statutory hold period of four months and one day from the date of issuance.
The Pluto Property is located approximately 10 km from XXIX's Opemiska Project. Under the remaining terms of the option agreement, XXIX must complete at least C$250,000 in exploration expenditures on the property by December 31, 2028.
According to the company, Pluto is not currently part of the Opemiska mineral resource or development plan. XXIX states it plans to compile historical data, conduct reconnaissance mapping and prospecting, rank exploration targets, and assess whether trenching or drilling is warranted. Historical work on the property indicates copper-gold-silver potential, which the company says requires modern validation.
XXIX's stated primary focus remains the advancement of its Opemiska and Thierry copper projects. The option agreement for the Pluto Property was first announced on June 23, 2026.
