Court Greenlights NGEX Royalties Spin-Out: A New Era for Shareholder Value

In a significant development poised to reshape its corporate structure and unlock substantial shareholder value, NGEX Minerals Ltd. (formerly known as NGEX Minerals Corp.) has announced that it has successfully obtained court approval for a pivotal plan of arrangement. This eagerly anticipated decision, granted by the Supreme Court of British Columbia, marks a crucial milestone in the company's strategic initiative to spin out its valuable royalty interests into a distinct, independent entity.

This comprehensive plan of arrangement is designed to streamline NGEX's asset portfolio, allowing for the creation of two separate, focused companies.

Under the terms of the arrangement, a new entity, Josemaria Resources Inc., will emerge, holding specific assets. Additionally, a new, independent royalty company, provisionally referred to as 'Royaltyco,' will be established to house NGEX's existing portfolio of royalties. This strategic move is anticipated to provide greater clarity and distinct valuation for each set of assets, ultimately benefiting long-term investors.

Shareholders of NGEX Minerals Ltd.

are set to be the primary beneficiaries of this transformative restructuring. The arrangement stipulates that for every NGEX share held, shareholders will receive shares in both the newly formed Josemaria Resources Inc. and the dedicated royalty company. Specifically, they will be allocated 0.8 of a Josemaria share and 0.2 of a Royaltyco share for each NGEX share they currently own.

This distribution is designed to directly pass on the value created by the spin-out to those who have invested in NGEX's vision.

The record date for determining the shareholders entitled to participate in this arrangement has been set for September 25, 2025. Following this, the transaction is expected to officially close on or about September 26, 2025, bringing to fruition months of strategic planning and legal work.

This timeline underscores the company's commitment to swiftly execute on its value-creation strategy.

The decision to spin out these royalty assets reflects a broader trend in the mining sector to unbundle diverse asset classes, allowing specialized management teams to focus on specific value drivers.

For NGEX, and subsequently for Josemaria Resources and Royaltyco, this means a clearer path for growth and a more transparent valuation for investors. The market will now have a clearer lens through which to assess the unique potential of the mining and royalty components separately.

This court approval is not merely a procedural step; it represents a significant validation of NGEX's strategic direction.

It paves the way for a future where both Josemaria Resources and the new royalty company can pursue their respective growth strategies with dedicated capital and management focus. Investors are keenly watching as this exciting chapter for NGEX Minerals Ltd. unfolds, promising enhanced opportunities and a redefined investment landscape.