Linear Minerals Stock Price, News & Analysis

Linear Minerals (OTCQB:LINMF / CSE:LINE) closed the first tranche of a non-brokered private placement announced December 10, 2025.

The first tranche issued 3,000,000 flow-through shares at $0.05 per share for $150,000 and 3,000,000 hard-dollar units at $0.05 per unit for $150,000, for $300,000 gross proceeds in this tranche toward a maximum $900,000 raise.

Each hard-dollar unit includes a one-year warrant exercisable at $0.25. A 6% finder’s fee of $9,000 was paid. Securities are subject to a statutory hold of four months plus one day. Final closing is subject to CSE and other regulatory approvals. Proceeds will be used for general working capital and further exploration on Quebec properties.

Linear Minerals (OTCID:LINMF) announced a proposed non-brokered private placement to raise up to $900,000.

The financing includes up to 8,000,000 flow-through shares at $0.05 for gross proceeds of $400,000, plus 10,000,000 hard-dollar units at $0.05 for gross proceeds of $500,000. Each hard-dollar unit includes one common share and one warrant exercisable at $0.25 for one year. The company will pay eligible finders a 6% cash fee per CSE policy. Closing is subject to CSE and other regulatory approvals. All securities will carry a four-month plus one day hold period. Proceeds are for general working capital and further exploration of properties in Quebec.

Linear Minerals (OTC:LINMF) entered an option to acquire a 100% interest in the Kipawa West rare earth property in Abitibi‑Témiscamingue, Quebec, effective December 9, 2025. The package comprises 53 map‑designated claims (~3,000 hectares), ~30 km east of Témiscaming and ~15 km west of the Kipawa rare earth deposit.

Consideration includes issuance of 4,500,000 common shares in staged issuances and committed exploration expenditures totalling $1.25M over three years. The optionor will retain a 2.0% GMR on future production. Initial work will include mapping, sampling, and geophysics.

Linear Minerals Corp (OTCQB:LINMF) completed a statutory Plan of Arrangement with Westlinear on November 28, 2025. Under the Arrangement Linear distributed 6,833,452 Westlinear common shares to Linear shareholders at a ratio of 1 Westlinear share per 10 Linear shares (record date November 25, 2025).

Linear transferred the Pontax West lithium property (Quebec) to Westlinear, after which Westlinear became a reporting issuer in BC, Alberta and Ontario. Linear retained its working capital, remains listed on the Canadian Securities Exchange under the same trading symbol, and signed a three-month European investor awareness campaign with Aktiencheck.de AG beginning December 1, 2025 for an initial cost of EUR 25,000.

Linear Minerals (OTCQB:LINMF) set the Share Distribution Record Date for the approved Plan of Arrangement at November 25, 2025, with completion and distribution of Westlinear shares and transfer of the Pontax West Lithium Property scheduled for November 28, 2025.

Under the Arrangement, Linear shareholders receive one Westlinear share for every 10 Linear shares held at the record date; holders who exercise options or warrants before that date will be eligible on the same basis. The Arrangement was approved by shareholders on October 22, 2025 and by the Supreme Court of British Columbia on October 29, 2025. Westlinear will be a reporting issuer in BC, Alberta and Ontario and may seek an exchange listing, with no guarantee of listing.

Linear Minerals (OTC:LINMF) reported initial exploration results from the 2,760-hectare Lac Marion uranium and rare earth element property in Québec on November 2, 2025. The program delivered uranium assays from 0.002% to 0.463% U3O8 with six samples above 0.1% U3O8. Total REE ranged 8–1,364 ppm (LREE 7.73–1,129.33 ppm; HREE 2.98–625.66 ppm). High scintillometer readings reached 57,000 cps and a radioactive zone was traced along a 215-metre strike. Samples were analyzed by ISO‑accredited ACTLABS and results were reviewed by Qualified Person Afzaal Pirzada, P.Geo.

Linear Minerals (OTCQB:LINMF) announced that on October 29, 2025 the Supreme Court of British Columbia approved a Plan of Arrangement to spin out the Pontax West Lithium Property into a newly formed subsidiary, Westlinear Minerals (Spinco).

Under the Arrangement, shareholders will receive one Spinco share for every 10 Linear shares held on a Share Distribution Record Date to be set by the board. The Arrangement was approved by shareholders on October 23, 2025 and remains subject to acceptance by the Canadian Securities Exchange.

Linear Minerals (OTCQB:LINMF) reported surface assay results from the Lac Coulombe property, Quebec, dated October 29, 2025. Highlights include a peak copper assay of 211,000 ppm (21.10% Cu) and six samples at the Toupin showing ranging 4.6%–21.10% Cu. Gold and silver anomalies accompanied some high-Cu samples (gold up to 1.518 ppm, silver up to 48.2 ppm). Nickel values peaked at 1,730 ppm from a historical Ni showing.

The program collected 29 grab and channel-cut samples, analyzed by AGAT Laboratories. The company received an ATI permit to proceed with trenching and drilling in high-grade areas and plans follow-up exploration including hydrogen potential assessment.

Linear Minerals (OTCQB:LINMF / CSE:LINE) announced shareholders approved all matters at the annual general and special meeting held on October 22, 2025, including re-election of five directors, appointment of DeVisser Gray LLP as auditors, and re-approval of the Stock Option Plan and Restricted Share Unit Plan.

Shareholders also approved a Plan of Arrangement (dated August 1, 2025) to spin out the Pontax West Lithium Property into subsidiary Spinco (Westlinear Minerals) at a distribution ratio of 1 Spinco share per 10 Linear shares. Completion requires Supreme Court of British Columbia and Canadian Securities Exchange approval; the Share Distribution Record Date will be announced later.