An anonymous director reports
CORE CRITICAL METALS CORP. ANNOUNCES FINAL COURT APPROVAL OF PLAN OF ARRANGEMENT AND CLOSING DETAILS
On Oct. 5, 2026, the Supreme Court of British Columbia granted the final order approving Core Critical Metals Corp.'s previously announced statutory plan of arrangement under Division 5 of Part 9 of the Business Corporations Act (British Columbia) among the company and its wholly owned subsidiaries, 1595789 B.C. Ltd. (Spinco1) and 1595792 B.C. Ltd. (Spinco2), pursuant to which the company will spin out its Senneville project to Spinco1 and its Timmins nickel project to Spinco2. The share distribution record date for determining the shareholders entitled to receive the new common shares of the company, the Spinco1 shares and the Spinco2 shares is the close of business today, Oct. 8, 2026, and the arrangement will become effective on Oct. 9, 2026.
On the effective date, each shareholder of record as at the record date (other than dissenting shareholders) will receive, for each common share of the company held: one new common share of the company, one common share of Spinco1 and one common share of Spinco2, and the company's existing common shares will be exchanged and cancelled. Outstanding options and warrants of the company will be adjusted in accordance with the plan of arrangement.
Registered shareholders will receive a letter of transmittal explaining how to deposit their share certificates or DRS positions with the company's depositary, Endeavor Trust Corp., in exchange for DRS statements representing the new common shares of the company, the Spinco1 shares and the Spinco2 shares. Shares held through a broker or other intermediary will be exchanged automatically, and no action is required by beneficial shareholders. Additional copies of the letter of transmittal are available from Endeavor Trust and under the company's profile on SEDAR+.
Following completion of the arrangement, the new common shares of the company will be listed and will commence trading on the TSX Venture Exchange at market opening on Oct. 14, 2026, under the symbol CCMC, under new Cusip No. 21873W208 (ISIN: CA21873W2085). The Spinco1 shares and Spinco2 shares will not be listed on any stock exchange on closing of the arrangement. Each of Spinco1 and Spinco2 will be a reporting issuer in British Columbia and Alberta.
About Core Critical Metals Corp.
Core Critical Metals is a North American mineral acquisition and exploration company focused on the development of quality critical metal properties with high upside and expansion potential.
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