XXIX Shareholders Approve All Matters at Annual General and Special Meeting
XXIX Shareholders Approve All Matters at
Annual General and Special Meeting
Toronto, Ontario--(Newsfile Corp. - July 29, 2026) -
XXIX Metal Corp
. (TSXV: XXIX) (OTCQB: QCCUF)
(FSE: 5LW0) ("
XXIX
" or the "
Company
") is pleased to announce that shareholders approved all
matters put before them at the Company's Annual General and Special Meeting of Shareholders (the
"Meeting") held on July 28, 2026.
In addition to the elected Board Members, the Company appointed Éric Desaulniers, MSc, P.Geo.,
Founder, President and Chief Executive Officer of Nouveau Monde Graphite Inc., to its Board of
Directors. Mr. Desaulniers discovered the Matawinie graphite deposit in Quebec and led Nouveau
Monde's growth from exploration through construction of a vertically integrated graphite mining and
battery materials business, and brings extensive experience permitting and advancing mining projects in
Quebec that the Company intends to leverage as it advances its Quebec and Ontario copper assets.
"We appreciate the strong support of our shareholders at the Meeting," said Guy Le Bel, Chief Executive
Officer of XXIX Metal Corp. "With these approvals behind us, and with Éric Desaulniers now on our
Board, we are well positioned to continue advancing our Opemiska and Thierry copper projects and
building long-term value for our shareholders."
About XXIX Metal Corp.
XXIX is advancing its Opemiska and Thierry Copper projects, two significant Canadian copper assets.
The Opemiska Project, one of Canada's highest-grade open pitable copper deposits, spans 21,333
hectares in Quebec's Chapais-Chibougamau region, with strong infrastructure and nearby access to the
Horne Smelter. An October 2025 Preliminary Economic Assessment outlined a 12,500 tpd open pit
operation over a 17-year mine life, generating an after-tax NPV8% of $505M, IRR of 27.2%, and a 2.3-
year payback period ($4.35/lb copper price, $3,000/oz gold price, $30/oz silver price). The Thierry
Project hosts the K1 (near-surface) and the past-producing K2 (underground & surface) zones (see
XXIX news release dated October 1, 2024 for details regarding resources). Thierry has significant
infrastructure in place including an all-season road, an airport within 5km, a provincial power grid within
8km, and nearby rail. With these two high-potential projects, the Company has solidified its position as a
key player in the Canadian copper sector and has established itself as one of Eastern Canada's largest
copper developers.
With demand for critical minerals continuing to accelerate, XXIX is uniquely
positioned to capitalize on the North American copper opportunity. Investors are encouraged to follow
the Company's progress as it advances a portfolio of high-potential assets with the guidance of two of
Canada's accomplished mine builders.
For further information, please contact:
Guy Le Bel, Chief Executive Officer
Phone:514.654.8550
Email:
www.xxix.ca
Cautionary Note Regarding Historical Estimates and Exploration Potential
The mineral resource estimates for the K1 and K2 zones referenced in this news release were prepared
in 2021 and have not been updated to current standards in connection with this news release. The
Company considers the earlier K1 estimate to be historical and incomplete and is advancing toward an
updated mineral resource estimate; a qualified person has not done sufficient work to classify these
estimates as current mineral resources, and XXIX is not treating them as current. The Company's new
bulk-tonnage interpretation of the K1 zone is conceptual in nature. Statements regarding the potential to
expand or grow the resource, possible mineralized continuity between K1 and K2, district-scale targets,
and the effect of higher metal prices describe exploration potential only; there has been insufficient
exploration to define a current mineral resource in these areas, and it is uncertain whether further
exploration will result in any deposit being delineated as a mineral resource. Past production figures and
other historical results have not been independently verified and are not necessarily indicative of future
results.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news
release.
Forward-Looking Statements
This news release contains certain forward-looking statements and forward-looking information
(collectively, "forward-looking statements") within the meaning of applicable securities laws, including
statements regarding the receipt and scope of the Thierry exploration permit; the timing, size and
objectives of the Company's planned drill and exploration program at Thierry; the expected timing of
mobilization; the potential to expand or grow mineral resources at K1, K2 and along the corridor
between them; the Company's new geological interpretation of the K1 zone; the anticipated impact of
metal prices on project economics; the Company's intention to complete an updated mineral resource
estimate; and the Company's funding position. Wherever possible, words such as "may", "will", "expect",
"plan", "intend", "anticipate", "believe", "estimate", "potential", or the negative of these terms have been
used to identify forward-looking statements. These statements reflect management's current beliefs and
are based on assumptions management considers reasonable as of the date hereof.
Forward-looking statements involve significant risks, uncertainties and assumptions. Many factors could
cause actual results, performance or achievements to differ materially from those discussed or implied,
including, among other things: risks related to the timely receipt, maintenance and conditions of permits
and other governmental and regulatory approvals; risks related to community and Indigenous
consultation and relations; uncertainties inherent in drill results and the estimation of mineral resources;
risks that historical data, historical estimates and past production are not indicative of future results;
commodity price volatility, including copper, nickel and precious metal prices; availability of financing on
acceptable terms; and risks associated with executing the Company's plans and intentions. Readers are
cautioned not to place undue reliance on forward-looking statements. Although the forward-looking
statements are based on assumptions management believes to be reasonable, the Company cannot
assure readers that actual results will be consistent with these statements. The forward-looking
statements are made as of the date of this news release, and the Company assumes no obligation to
update or revise them except as required by law. Additional risk factors are described in the Company's
disclosure documents available on SEDAR+ at
www.sedarplus.ca
.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/307010