Germanium Mining Corp. Options Pluto Property to XXIX Metal Corp.
Germanium Mining Corp. Options Pluto Property to XXIX Metal Corp.
VANCOUVER, BRITISH COLUMBIA, JUNE 23rd, 2026 – GERMANIUM MINING CORP. (GERMANIUM
MINING”, “GMC”, OR THE “COMPANY”) (CSE: GMC; OTCQB: EMSKF; FSE: YW0) is pleased to
announce that the Company has optioned the Pluto Property to XXIX Metal Corp. (“XIXX”) as follows:
XIXX will pay $50,000 in cash upon execution of the Option Agreement and another $50,000 in shares near or on
December 18, 2026; the number of shares to be issued will be determined and based on the 20 days volume weighted
average price.
XIXX will also incur an aggregate of at least $250,000 in Exploration Expenditures on or before December 2028.
Upon exercise of the Option, XIXX will grant to Germanium Mining a 2% net smelter returns royalty (“NSR”) and
XIXX shall have the right to reduce the NSR royalty by half to 1% upon cash payment of $750,000 to the Company.
The Pluto Property is located approximately 10 kilometres west of the town of Chapais in the Nord-du-Québec region
of Québec and consists of 10 mineral claims totaling 555.8 hectares (5.6 km2).
Mario Pezzente, Chief Executive Officer, commented: “By optioning the Pluto Property, Germanium Mining
Corp. will focus its efforts on advancing and developing Germanium assets which represent its core business and the
Company intends to benefit from unlocking strategic resources in stable jurisdictions, to potentially contribute to a
more secure and resilient North American supply chain.”
About Germanium
Germanium is a hard, greyish and brittle metalloid. Germanium has many growing applications in electronics and
solar, in fiber optics, and Infrared optics for civil and military uses. Germanium is in the list of critical metals in
Canada, the United States and the European Union.
Since December 3, 2024, China, the largest producer of refined germanium, has banned germanium exports to the
United States. Germanium is not an openly traded commodity and recent spot prices have germanium over
US$5,000 per kilogram.
The Company cautions that the geological information provided in this news release is of historical nature and
mineralization may not be representative of mineralization on the Lac du Km 35 Property.
Qualified Person
Benoit Moreau, P.Eng., a qualified person as defined by National Instrument 43 -101, and vice -president of
exploration for Germanium Mining Corp., has prepared and is responsible for the technical information contained in
this news release.
About Germanium Mining Corp.
Germanium Mining Corp. is a publicly traded mineral exploration company focused on the exploration and
advancement of discovery-stage mineral properties in top tier mining jurisdictions across North America.
Follow the Company on X.com and Linkedin.com as well as subscribe for Company updates at
http://www.germaniummining.com
ON BEHALF OF THE BOARD
Mario Pezzente
___
CEO & Director
For more information on Germanium Mining Corp. please contact:
Phone: 604-717-6605
Corporate e-mail: [email protected]
Website: www.germaniummining.com
Corporate Address: 2905 – 700 West Georgia Street, Vancouver, BC, V7Y 1C6
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements. All statements, other than statements of historical fact that address activities, events,
or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements. Forward-
looking statements in this news release include, but are not limited to, statements regarding the intended use of proceeds of the Offering and
other matters regarding the business plans of the Company. The forward-looking statements reflect management’s current expectations based
on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from
those discussed in the forward-looking statements including that the Company may use the proceeds of the Offering for purposes other than
those disclosed in this news release; adverse market conditions; and other factors beyond the control of the Company. Although the Company
believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of
future performance and, accordingly, undue reliance should not be put on such statements due to their inherent uncertainty. Factors that could
cause actual results or events to differ materially from current expectations include general market conditions and other factors beyond the
control of the Company. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise, except as required by applicable law.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents or accuracy of this
press release.