White Gold Corp. Announces Spin-Out to Create Yukon-Focused Critical Minerals Exploration Company
TSXV: WGO | OTCQX: WHGOF | FRA: 29W
White Gold Corp. announced today that it has commenced procedures for a spin-out transaction to create a new, Yukon-focused critical minerals exploration company ("SpinCo"). According to the company, the Spin-Out is designed to unlock the value of White Gold's non-gold project portfolio by transferring its copper, molybdenum, tungsten, and other critical mineral properties located in west-central Yukon into a dedicated, standalone vehicle with shares to be distributed to shareholders.
Key Transaction Details
Spin-Out Structure
The Spin-Out will be completed by way of a plan of arrangement under the Business Corporations Act (Ontario), subject to the terms and conditions of an arrangement agreement to be entered into between White Gold and SpinCo. The company stated that completion will be conditional on the receipt of shareholder approval, regulatory and court approvals, and the approval of the TSX Venture Exchange. SpinCo intends to apply to list its shares on the TSXV.
Assets Being Transferred
The company reported that six properties representing approximately 15% of White Gold's current claims will be transferred to SpinCo. These include numerous copper and strategic metals targets prospective for copper (Cu), molybdenum (Mo), tungsten (W), antimony (Sb), zinc (Zn), and bismuth (Bi). The key properties being transferred include:
- Bridget Property: The company describes this as its most significant untested porphyry system, featuring a Mo-Cu porphyry anomaly covering a 3 x 3.5 km area enriched with tungsten, bismuth, and silver. Mo-in-soil values were reported as high as 321.9 ppm Mo with Cu-in-soil values as high as 710.1 ppm Cu over a roughly 900 m x 900 m core area.
- Wolf Property (Aries and Taurus Targets): An interpreted porphyry system with a footprint measuring approximately 4 km by 3 km. Copper-in-soil values were reported as high as 923.9 ppm Cu.
- Hayes Property (Isaac Target): A geochemically zoned multi-element soil anomaly measuring approximately 2 km by 1.5 km, never drill tested. Rock grab samples returned values as high as 1,269.2 ppm Cu and 106.02 ppm Mo.
- Hunker Property: Includes historical high-grade Cu-Ag showings and a large Cu-Au soil anomaly at Mint Pup (2.5 km by 2.7 km).
- Loonie Property (Guilder Target): A 3 km long Cu-Mo-Au-Zn-Pb soil anomaly adjacent to a known Cu-Au prospect.
- Toonie Property: Soil sampling has defined a zoned anomaly that the company indicated may be related to a buried intrusion.
Market Note: Dawson Range Critical Mineral Belt
The key SpinCo targets, including Bridget, Isaac, and Mascot, are situated within the Dawson Range, a prolific east-southeast trending mineral belt in the Yukon. According to the press release, the Dawson Range hosts several significant copper-gold porphyry deposits including the Casino deposit (one of the largest undeveloped copper-gold projects in Canada), the Minto Mine, and the Carmacks Project. Porphyry deposits in the range occur in two principal age groups: Late Triassic and Late Cretaceous. The region has attracted increasing attention and investment from both junior and major mining companies.
Management Commentary
CEO David D'Onofrio stated that the timing of the proposed spin-out aligns with growing support from the Yukon and federal governments for the responsible development of critical minerals, citing recent initiatives focused on advancing critical mineral exploration, improving infrastructure, streamlining permitting, and strengthening collaboration across Western and Northern Canada.
VP of Exploration Dylan Langille commented that assets such as Bridget, Isaac, and Wolf exhibit the size, metal zonation, and geophysical signatures typically associated with large, fertile porphyry systems, yet remain largely untested by drilling. Langille noted that spinning these assets into a dedicated vehicle allows them to be advanced more effectively with the technical focus they warrant.
Strategic Context
The Spin-Out is intended to allow White Gold to focus on advancing its flagship White Gold Project, which the company reported hosts four near-surface gold deposits containing an estimated 1,732,300 ounces of gold in indicated resources (35.2 million tonnes grading 1.53 g/t Au) and 1,265,900 ounces of gold in inferred resources (32.2 million tonnes grading 1.22 g/t Au). The company noted that an initial technical report on the Bridget property will be filed in connection with the Spin-Out, and further details will be provided as the process continues to advance, with a near-term anticipated completion subject to approvals.
About White Gold Corp.
The Company owns a portfolio of 15,362 quartz claims across 21 properties covering 305,102 hectares (3,051 km²) representing approximately 40% of the Yukon's emerging White Gold District. The Company's flagship White Gold project hosts four near-surface gold deposits which collectively contain a resource estimate of 1,732,300 ounces of gold in indicated resources (35.2 million tonnes grading 1.53 grams per tonne gold) and 1,265,900 ounces of gold in inferred resources (32.2 million tonnes grading 1.22 g/t Au).
ArcStone's View
The proposed Spin-Out positions White Gold Corp. to sharpen its focus on its flagship gold project, which saw a significant 44% increase in indicated resources reported in October 2025, while simultaneously providing shareholders with direct exposure to a substantial portfolio of critical mineral exploration assets. The transaction represents a structural approach to unlocking value from a diversified property portfolio that spans two distinct commodity themes.
The SpinCo assets sit within the Dawson Range, a belt that already hosts established copper-gold porphyry deposits including the Casino, Minto, and Carmacks projects. Targets such as Bridget, with its 3 x 3.5 km Mo-Cu porphyry anomaly supported by two rounds of IP geophysics, and the Isaac target, with its geochemically zoned multi-element footprint, represent untested systems that could benefit from dedicated technical resources and focused exploration capital.
The transaction's timing coincides with stated federal and territorial government support for critical minerals development in the Yukon, including infrastructure and permitting initiatives referenced by the company. Investors will be watching for the filing of the Arrangement Agreement, the Bridget technical report, the shareholder meeting timeline, and SpinCo's TSXV listing application as key milestones in the process.
ArcStone Financial Pulse Team
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