Linear Minerals Corp. Receives Court Approval for Arrangement

Linear Minerals Corp., based in Vancouver, has announced the Supreme Court of British Columbia's approval of its Plan of Arrangement, initially dated August 1, 2025. This arrangement involves spinning out Linear's Pontax West Lithium Property in Quebec to a subsidiary, Westlinear Minerals Corp.

Shareholders of Linear will receive one share of Westlinear for every ten shares they hold, determined by a forthcoming distribution record date. The shareholders approved the arrangement on October 23, 2025. Option and warrant holders exercising before the record date are also eligible for shares in Westlinear.

This arrangement will allow shareholders to own stakes in both Linear, focusing on other minerals, and Westlinear, centering on the Pontax West Lithium Property. Final completion awaits acceptance by the Canadian Securities Exchange.