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Linear Minerals Corp. reports developments as a Canadian junior mineral exploration company focused on mineral properties in Quebec. Company updates center on exploration programs at the Lac Marion uranium and rare earth element property, including prospecting, geological mapping, radiometric surveys, rock sampling, work permits, trenching and diamond-drilling plans.
Recurring news also covers non-brokered private placements using flow-through shares, common-share units and warrants, as well as portfolio and corporate-structure changes. Linear completed a plan of arrangement that transferred the Pontax West Lithium Property to Westlinear Minerals Corp., while Linear remained a listed junior exploration company and reporting issuer in British Columbia, Alberta and Ontario.
Linear Minerals Corp (OTCQB:LINMF, CSE:LINE) plans a share consolidation on the basis of one post-consolidation common share for every 6.5 pre-consolidation common shares. As of July 10, 2026, the company has 84,335,286 common shares issued and outstanding.
According to Linear, following completion of the consolidation it expects to have approximately 12,974,659 common shares outstanding, subject to adjustments for fractional shares. No fractional shares will be issued; any fractional interest will be rounded down to the nearest whole share. The consolidation is expected to become effective on or about July 13, 2026, subject to Canadian Securities Exchange approval, with trading on a post-consolidation basis under the existing symbol “LINE”.
Linear Minerals (CSE:LINE, OTC:LINMF) provided an update on its proposed acquisition of mineral properties from Critical Prospecting Corp. The deal structure has shifted from a share acquisition to a direct asset purchase, with Linear aiming to acquire title to the properties only.
Previously announced concurrent financings of up to $1,000,000 (flow-through) and $1,500,000 (hard dollar) are on hold. Linear also now plans a share consolidation at a 6.50-for-1 ratio, revised from 5.75-for-1, subject to Canadian Securities Exchange approval and other closing conditions.
Linear Minerals (CSE:LINE, OTC:LINMF) signed a term sheet with Consolidated Lithium Metals to sell the Augustus Lithium Project and related Abitibi and James Bay claims.
The asset deal covers 449 claims (~215 km²) for about C$2.75 million, split between cash and CLM shares, with exclusivity to October 1, 2026 and closing subject to due diligence, definitive agreement and regulatory approvals.
Linear Minerals (CSE:LINE, OTC:LINMF) announced a proposed acquisition, share consolidation and private placements. The company signed a LOI to acquire Critical Prospecting, owner of the Mooney Lake uranium, Hatsoff tungsten-molybdenum and Gorge lithium projects, for 4,788,000 post-consolidation shares at $0.25, valuing the deal at $1,197,000.
Linear plans a 5.75-for-1 share consolidation, a flow-through financing of up to $1,000,000 at $0.25 per post-consolidation share, and a hard dollar financing of up to $1,500,000 via 6,666,667 units at $0.225 with $0.50 warrants, subject to regulatory approvals.
Linear Minerals (OTC:LINMF) received a Quebec ATI exploration permit for Lac Marion authorizing mechanical trenching and diamond drilling, and plans a spring 2026 follow-up program subject to access and weather. Initial grab samples reported up to 626 ppm HREE, 1,365 ppm TREE, and uranium to 3,690 ppm. The company closed a first tranche private placement issuing 6.5M units at $0.05 for gross proceeds of $325,000; warrants exercisable at $0.25 for one year. Samples were analyzed at an ISO/IEC 17025 lab. Caution: samples are selective and not a resource.
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.