White Gold (TSX-V:WGO) has set a record date regarding gaining shareholder approval for its proposed spin-out, W2 Critical Minerals.
The record date for the determination of shareholders eligible to attend and vote at the meeting has been set as 29 June 2026, with the meeting to be held on 11 August 2026.
CEO David D’Onofrio says the setting of these dates marks an important step toward completing the spin-out, as the company continues to advance and execute on its stated milestones.
“The W2 spin-out 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,” D’Onofrio says.
“This will also allow White Gold to increase its focus on advancing our flagship gold project — one of Canada’s highest grade undeveloped open pittable resources, which remains open for growth — and pursue additional discoveries across our district-scale land package in the Yukon’s prolific White Gold District.”
As previously reported, the company entered into an arrangement agreement in May, with its wholly owned subsidiary, W2 Critical Minerals. The agreement will accompany the transfer of its portfolio of copper, molybdenum, tungsten, and critical mineral properties.
In connection with the spin-out, the spun-out company will complete a private placement of up to 20 million subscription receipts at C$0.25 per subscription receipt, to raise up to C$5 million ($5.06 million).
White Gold is focused on advancing its White Gold Project, which hosts four near-surface gold deposits that host an estimated 1.73 million ounces of gold in indicated resources and 1.26 million ounces of gold in inferred resources.
Write to Aaliyah Rogan at Mining.com.au
Images: White Gold Corp
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