American Marconi Wireless News - Core Critical Metals Corp. Announces Final Court Approval of Plan of Arrangement and Closing Details

On the Effective Date, each shareholder of record as at the Record Date (other than dissenting shareholders) will receive, for each common share of the Company held: one (1) new common share of the Company, one (1) common share of Spinco1 and one (1) common share of Spinco2, and the Company's existing common shares will be exchanged and cancelled. Outstanding options and warrants of the Company will be adjusted in accordance with the plan of arrangement.

Registered shareholders will receive a letter of transmittal explaining how to deposit their share certificates or DRS positions with the Company's depositary, Endeavor Trust Corporation, in exchange for DRS statements representing the new common shares of the Company, the Spinco1 shares and the Spinco2 shares. Shares held through a broker or other intermediary will be exchanged automatically, and no action is required by beneficial shareholders. Additional copies of the letter of transmittal are available from Endeavor Trust Corporation and under the Company's profile on SEDAR+ at www.sedarplus.ca.

Following completion of the Arrangement, the new common shares of the Company will be listed and will commence trading on the TSX Venture Exchange at market opening on October 14, 2026 under the symbol "CCMC", under new CUSIP No. 21873W208 (ISIN CA21873W2085). The Spinco1 shares and Spinco2 shares will not be listed on any stock exchange on closing of the Arrangement. Each of Spinco1 and Spinco2 will be a reporting issuer in British Columbia and Alberta.

About Core Critical Metals Corp.

Core Critical Metals Corp. is a North American mineral acquisition and exploration company focused on the development of quality critical metal properties with high-upside and expansion potential.

CORE CRITICAL METALS CORP.

For more information, please call email [email protected] or visit www.corecriticalmetals.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking statements:

This news release includes "forward-looking information" under applicable Canadian securities legislation, including statements regarding the completion of the Arrangement and the anticipated benefits thereof, the Effective Date, the exchange of shares and the adjustment of options and warrants under the plan of arrangement, and the post-Arrangement trading of the Company's shares, the transfer of the Senneville Project and the Timmins Nickel Project to the Spinco entities, and the future plans of the Company and the Spinco entities. Such forward-looking information reflects management's current beliefs and is based on a number of estimates and/or assumptions made by and information currently available to the Company that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors that may cause actual results and future events to differ materially from those expressed or implied by such forward-looking information.

Readers are cautioned that such forward-looking information is neither a promise nor a guarantee and is subject to known and unknown risks and uncertainties including, but not limited to: the risk that the conditions to completion of the Arrangement, including approval of the shareholders of the Company, the interim and final orders of the Supreme Court of British Columbia and the conditional acceptance of the TSX Venture Exchange, may not be satisfied or waived; the risk that the Arrangement may be modified, delayed or not completed on the terms or timeline currently contemplated, or at all; the extent to which shareholders exercise rights of dissent; general business, economic, competitive, political and social uncertainties; uncertain and volatile equity and capital markets; lack of available capital; actual results of exploration activities; environmental risks; future prices of base and other metals; operating risks; accidents; labour issues; delays in obtaining governmental approvals and permits; and other risks in the mining industry.

The Company is presently an exploration stage company. Exploration is highly speculative in nature, involves many risks, requires substantial expenditures, and may not result in the discovery of mineral deposits that can be mined profitably. Furthermore, the Company currently has no reserves on any of its properties. As a result, there can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements, except as required by applicable securities laws.

SOURCE: Core Critical Metals Corp.

View the original press release on ACCESS Newswire

H.E.Young--AMWN