White Gold Corp.

White Gold Corp. Sets Record & Shareholder Meeting Dates for W2 Critical Minerals Corp. Spin-Out

White Gold Corp. Sets Record & Shareholder Meeting Dates for W2 Critical Minerals Corp. Spin-Out
TSXV: WGO | OTCQX: WHGOF | FSE: 29W

Overview

White Gold Corp. announced that it has filed the requisite notice setting the record and meeting date for an annual and special meeting of shareholders. The company stated that the record date for the determination of shareholders eligible to attend and vote at the meeting has been set as June 29, 2026, and the meeting will be held on August 11, 2026. According to the company, shareholders will be asked to approve, among other things, a special resolution approving the proposed spin-out.

Further to its press release dated May 5, 2026, White Gold intends to undertake a reorganization transaction whereby it will spin-out its portfolio of copper, molybdenum, tungsten and other critical mineral properties located in west-central Yukon into a wholly owned subsidiary, W2 Critical Minerals Corp. The spin-out will be completed by way of a plan of arrangement under the Business Corporations Act (Ontario).

Key Highlights

  • Record date set for June 29, 2026, with shareholder meeting on August 11, 2026
  • Spin-out will transfer six critical mineral properties to W2 Critical Minerals Corp.: Bridget, Loonie, Wolf, Hunker, Hayes, and Toonie properties
  • Distribution ratio of one Spinco share for every five White Gold shares held
  • White Gold expected to retain approximately 19% ownership interest in Spinco following completion
  • W2 Critical Minerals intends to complete a private placement of up to 20 million subscription receipts at $0.25 per receipt for gross proceeds of up to $5 million
  • Spinco intends to apply to list on the TSXV shortly following completion of the spin-out

Strategic Context

According to CEO David D'Onofrio, "The setting of these dates mark an important step toward completing the proposed Spin-Out as we continue to advance and execute on our stated milestones including our recently commenced and largest ever diamond drill program, the upcoming maiden PEA, and more, which we believe have the potential to make 2026 a transformational year. The W2 spinout has been designed to unlock the value of our prospective critical mineral projects by creating a dedicated publicly listed vehicle, with shares to be distributed to White Gold shareholders."

The company stated that this will also allow White Gold to increase its focus on advancing its flagship gold project, which it describes as one of Canada's highest-grade undeveloped open pittable resources that remains open for growth, and pursue additional discoveries across its district-scale land package in the Yukon's prolific White Gold District.

Critical Mineral Assets

The Critical Mineral Assets to be transferred to Spinco include six properties with several large-scale critical minerals targets prospective for Copper (Cu), Molybdenum (Mo), Tungsten (W), Antimony (Sb), Zinc (Zn) and Bismuth (Bi):

  • Bridget Property: A district-scale molybdenum-copper porphyry anomaly spanning 3 km by 3.5 km that has never been diamond drill tested, with Mo-in-soil values as high as 321.9 ppm Mo
  • Loonie Property: Features the Guilder target with a 3.5 km long Cu-Mo-Au-Zn-Pb soil anomaly
  • Wolf Property: Contains Aries and Taurus targets with copper-in-soil values peaking at 923.9 ppm
  • Hunker Property: Hosts three separate copper occurrences in the Klondike Gold Fields
  • Hayes Property: Isaac target with geochemically zoned multi-element anomaly spanning approximately 3.3 km east-west by 2.5 km north-south
  • Toonie Property: Deux target with confirmed broad multi-element mineralization in RAB drilling

What to Watch Next

  • Shareholder approval at the August 11, 2026 meeting requiring not less than two-thirds of votes cast
  • Regulatory approval including TSXV and court approval
  • Completion of the Spinco financing of up to $5 million
  • TSXV listing application for Spinco shares following completion

About White Gold Corp.

The Company owns a portfolio of 15,364 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 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) (see the Company's news release dated October 6, 2025). Regional exploration work has also produced several other new discoveries and prospective targets on the Company's claim packages which border sizable gold discoveries including the Coffee project owned by Talamore Mining (formerly Fuerte Metals) with Measured and Indicated Resources of 80.0.2 Mt grading 1.15 g/t Au for 2.96 million ounces of gold, and Inferred Resources of 21.2 Mt grading 1.17 g/t Au for 0.80 million ounces gold, and Western Copper and Gold Corporation's Casino project which has Measured and Indicated Resources of 2,490.7 Mt grading 0.18 g/t Au, 0.14% Cu for 14.8 million ounces of gold and 7.6 billion pounds of copper, and Inferred Resources of 1,412.5 Mt grading 0.14 g/t Au, 0.10% Cu for 6.3 million ounces of gold and 3.1 billion pounds of copper.

Read full press release here.

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