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PGA.CN ·

Pegmatite One Lithium and GOLD Corp. to Complete Share Consolidation

Corporate Actions

PEGMATITE ONE LITHIUM AND GOLD CORP.

PEGMATITE ONE LITHIUM AND GOLD CORP. TO COMPLETE SH ARE CONSOLIDATION

June 27, 2025 – Vancouver, British Columbia. Pegmatite One Lithium and Gold Corp. (the “Company ”)

(CSE: PGA) announces that it plans to consolidate its issued and outstanding common shares at a ratio of

ten (10) pre-consolidated shares to one (1) post-consolidation share (the “Consolidation”). The purpo se of

the Consolidation is to facilitate the Company’s ability to attract future financings, generate greater investor

interest and improve trading liquidity.

The Company currently has 35,465,129 common shares issued and outstanding. Upon completion of the

Consolidation, the Company will have approximately 3,546,513 common shares issued and outstanding.

The anticipated effective date of the Consolidation is July 3, 2025 with a Record Date of July 3, 2025.

In accordance with the Company’s Articles, the Cons olidation will not require the approval of the

shareholders. The Consolidation is subject to the acceptance of the Canadian Securities Exchange.

On Behalf of the Board of Directors,

Pegmatite One Lithium and Gold Corp.

Kelly Abbott

CEO

Phone: +1 (416) 481-2222 x228

Email: [email protected]

Website: www.pegmatiteone.com

Cautionary Statement

Except for statements of historic fact, this news release contains certain “forward-looking information” within

the meaning of applicable securities law including statements relating exploration program expenditure s.

Forward-looking information is frequently character ized by words such as “plan”, “expect”, “project”,

“intend”, “believe”, “anticipate”, “estimate” and o ther similar words, or statements that certain even ts or

conditions “may” or “will” occur. Forward-looking s tatements are based on the opinions and estimates a t

the date the statements are made, and are subject t o a variety of risks and uncertainties and other fa ctors

that could cause actual events or results to differ materially from those anticipated in the forward-l ooking

statements including, but not limited to delays or uncertainties with regulatory approvals, including that of

the CSE, inability to effectively plan a program, t hird party land claims or failure to obtain permits . There

are uncertainties inherent in forward-looking infor mation, including factors beyond the Company’s cont rol.

There are no assurances that the business plans for the Company as described in this news release will

come into effect on the terms or time frame describ ed herein. The Company undertakes no obligation to

update forward-looking information if circumstances or management’s estimates or opinions should change

except as required by law. The reader is cautioned not to place undue reliance on forward-looking

statements. Additional information identifying risk s and uncertainties that could affect financial res ults is

contained in the Company’s filings with Canadian se curities regulators, which are available at

www.sedarplus.ca.