Linear Minerals Corp. acquires the Kipawa West Rare Earth Project, Quebec
Rhea-AI Summary
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.
Positive
- Option to acquire 100% interest in 53 claims (~3,000 ha)
- Property located 15 km from the Kipawa rare earth deposit
- Committed $1.25M exploration spend over three years
- Staged share issuance aligns vendor incentives: 4.5M shares
Negative
- Staged issuance of 4,500,000 common shares may dilute shareholders
- Optionor retains a 2.0% gross metal royalty (GMR) on production
- Eight claims pending Quebec approval, creating title uncertainty
VANCOUVER, BC / ACCESS Newswire / December 10, 2025 / Linear Minerals Corp. (CSE:LINE)(OTCID:LINMF)(WKN:A40 Y3E) ("Linear" or the "Company") is pleased to announce that it has entered into an option agreement to acquire a
The newly acquired property consists of 53 map designated claims mining claims covering an approximate area of 3,000 hectares located approximately 30 km east of the town Témiscaming and roughly 140 km south of the mining center of Rouyn‑Noranda. The strategic mineral exploration license is located about 15 km to the west of the Kipawa rare earth deposit in Quebec. Eight property claims have been approved; 45 are pending approval from MRNF Quebec. This land position places the Company in an important active district recognized for its rare earth enrichment, favorable geology, and increasing investor attention.
The Kipawa West claims cover peralkaline syenites with associated gneisses, amphibolites, calc-silicate rocks, marbles, and peralkaline gneissic granites of the Grenville Province of southwestern Quebec. This region has long been regarded as one prospective for rare earth elements exploration, characterized by unique alkaline intrusive complexes and well-documented critical mineral showings. Historical sediment sampling within the Property area indicate anomalous cerium and lanthanum values.
Within the Kipawa Complex, the nearby Kipawa Rare Earth deposit contains historic NI 43-101 resources last updated in a Feasibility Study published on September 04, 2013. The deposit is noted as being relatively rich in heavy rare earths (HREE), which are among the most desirable REEs for many high-tech and clean-energy uses. The project was originally explored by Matamec Explorations Inc. in partnership with Toyotsu Rare Earth Canada Inc (TRECAN).
Cautionary Statement: Readers are cautioned that the above information is taken from the publicly available sources and any reference to the Kipawa Deposit is provided for geological context only. The presence of mineral resources on an adjacent property does not indicate that similar mineralization or resource potential exists on the Company's property. Additional exploration work would be required to determine whether comparable mineralization is present.
With this acquisition, Linear Minerals strengthens its mission to identify and develop high-value critical mineral assets in politically stable, mining-friendly jurisdictions. The Company is reviewing historical data and preparing an initial work program, including mapping, sampling, and geophysical studies to define target areas for drilling.
Transaction details:
Pursuant to the Kipawa West rare-earth Property option agreement from an arm's length seller and the Company, dated December 9th, 2025 ("Effective date"), the Company holds an option to acquire a
Issuing the following common shares to the Optionor, subject to the approval of the regulatory bodies as follows:
1,000,000 shares, issued upon the execution of the option agreement;
An additional 1,500,000 shares issued on or before the first anniversary of the Effective Date.
An additional 2,000,000 shares issued on or before the second anniversary of the Effective Date.
The Company incurring the following exploration expenditures on the property as follows:
$250,000 on or before the first anniversary of the Effective Date;An additional
$500,000 on or before the second anniversary of the Effective Date.An additional
$500,000 on or before the third anniversary of the Effective Date.
The Optionor will retain a 2.0 % GMR from any future production.
The issuance of the common shares is subject to obtaining all required regulatory approvals, including that of the Canadian Securities Exchange. The common shares will be subject to a hold period of four months and one day for their date of issuance.
On behalf of the board of directors.
"Gurminder Sangha"
CEO, Director
For further information, please contact the Company at: info@linearminerals.com
Forward Looking Statements
When used in this news release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although the Company believes, in light of the experience of their respective officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in the forward-looking statements and information in this news release are reasonable, undue reliance should not be placed on them because the parties can give no assurance that such statements will prove to be correct. The forward-looking statements and information in this news release include, amongst others, the Company's plans regarding the Arrangement. Such statements and information reflect the current view of the Company. There are risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements or implied by such forward-looking statements. There are a number of important factors that could cause the Company's actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: currency fluctuations; limited business history of the parties; disruptions or changes in the credit or security markets; results of operation activities and development of projects; project cost overruns or unanticipated costs; shareholder, court and regulatory approvals; and general development, market and industry conditions.
The Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of its securities or its financial or operating results (as applicable). The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, are subject to change after such date. The Company does not undertake to update this information at any particular time except as required in accordance with applicable laws.
SOURCE: Linear Minerals Corp.
View the original press release on ACCESS Newswire
FAQ
What did Linear Minerals (LINMF) announce on December 10, 2025 about Kipawa West?
How large is the Kipawa West property acquired by LINMF and where is it located?
What are the payment and expenditure terms for LINMF's Kipawa West option (LINMF)?
Does the Kipawa West option include royalties or encumbrances for LINMF shareholders?
What initial exploration will LINMF undertake at Kipawa West after the option agreement?
How many Kipawa West claims still require Quebec approval in LINMF's deal?
