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MTB Metals Pronounces Securityholder and Courtroom Approval for Plan of Association with ExGen Sources

EditorialBy EditorialDecember 17, 2025No Comments5 Mins Read

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ExGen Sources Inc. (TSXV: EXG) (OTC Pink: BXXRF) (“ExGen”, the “Firm”) and MTB Metals Corp. (TSXV: MTB,OTC:MBYMF) (OTCQB: MBYMF) (FSE: E8H) (“MTB”): ExGen and MTB are happy to announce that on the particular assembly of securityholders of MTB held on December 11, 2025 (the “Assembly”), MTB shareholders (“Shareholders”) and optionholders (along with the Shareholders, the “Securityholders”) voted overwhelmingly in favour of the beforehand introduced plan of association (the “Association”) between MTB and ExGen.

Moreover, as we speak, MTB acquired a remaining order of the Supreme Courtroom of British Columbia approving the Association.

Beneath the Association, ExGen will purchase all the issued and excellent securities of MTB. In consideration due to this fact, each MTB share might be exchanged for 0.286 of 1 frequent share within the capital of ExGen.

On the Assembly, the particular decision approving the Association was permitted overwhelmingly by: (i) 94.31% of the votes forged by Shareholders current in individual or represented by proxy on the Assembly, and (ii) 94.52% of the votes forged by Securityholders current in individual or represented by proxy on the Assembly.

Completion of the Association is topic to the satisfaction of customary closing situations for a transaction of this nature, together with receipt of approval of the TSX Enterprise Trade (the “TSXV“). Topic to the satisfaction (or waiver) of the closing situations, it’s anticipated that the Association might be accomplished on December 19, 2025. In reference to completion of the Association, it’s anticipated that MTB shares might be delisted from the TSXV.

ABOUT MTB Metals Corp. 

MTB is advancing two copper-gold tasks within the prolific Golden Triangle of northern British Columbia.

Telegraph: 350 sq. kilometre property situated within the neighborhood of 4 notable porphyry deposits all being explored or mined by main mining firms. Area work by MTB, along with earlier outcomes, offers compelling proof for the presence of a number of porphyries much like the others within the space.

Southmore: 50 sq. kilometer property hosts a number of important copper and gold occurrences. Floor samples embrace a pattern with 12.7% copper and one other with 29.4 g/t gold.

MTB additionally holds royalties on 4 tasks within the Golden Triangle, together with two previous producing mines.

On behalf of the Board of Administrators of MTB:
Lawrence Roulston
President & CEO 

Neither the TSX Enterprise Trade nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this launch.

Ahead-Trying Data: This information launch accommodates “forward-looking data” throughout the that means of relevant Canadian securities laws. All statements, aside from statements of historic truth, are forward-looking statements and are primarily based on expectations, estimates and projections as on the date of this information launch. Any assertion that includes discussions with respect to predictions, expectations, beliefs, plans, projections, goals, assumptions, future occasions or efficiency (usually however not at all times utilizing phrases reminiscent of “expects”, or “doesn’t anticipate”, “is predicted”, “anticipates” or “doesn’t anticipate”, “plans”, “finances”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such phrases and phrases or stating that sure actions, occasions or outcomes “might” or “may”, “would”, “may” or “will” be taken to happen or be achieved) are usually not statements of historic truth and could also be forward-looking statements.

On this information launch, forward-looking statements relate to, amongst different issues, statements relating to: the Association; the receipt of ultimate TSXV approval for the Association; the anticipated timeline for finishing the Association; the delisting of MTB’s shares from the TSXV following completion of the Association; and the phrases and situations pursuant to which the Association might be accomplished, if in any respect. These forward-looking statements are usually not ensures of future outcomes and contain dangers and uncertainties which will trigger precise outcomes to vary materially from the potential outcomes mentioned within the forward-looking statements.

In respect of the forward-looking statements in regards to the Association, ExGen and MTB have every relied on sure assumptions that it believes are affordable presently, together with assumptions as to the flexibility of the events to obtain, in a well timed method and on passable phrases, the mandatory regulatory, inventory change and different third get together approvals, and the flexibility of the events to fulfill, in a well timed method, the opposite situations to the completion of the Association. The Association timeline might change for quite a lot of causes, together with lack of ability to safe vital regulatory, inventory change or different third-party approvals within the time assumed or the necessity for extra time to fulfill the opposite situations to the completion of the Association. Accordingly, readers shouldn’t place undue reliance on the forward-looking statements and data contained on this information launch regarding timing.

Dangers and uncertainties which will trigger such variations embrace however are usually not restricted to: the danger that the Association is probably not accomplished on a well timed foundation, if in any respect; the situations to the consummation of the Association is probably not happy; the danger that the Association might contain surprising prices, liabilities or delays; the attainable prevalence of an occasion, change or different circumstance that might end in termination of the Association; and different threat components as detailed on occasion and extra dangers recognized in ExGen’s and MTB’s filings with Canadian securities regulators on SEDAR+ in Canada (out there at www.sedarplus.ca). Failure to acquire the requisite approvals, or the failure of the events to in any other case fulfill the situations to or full the Association, might consequence within the Association not being accomplished on the proposed phrases, or in any respect.

ExGen and MTB expressly disclaim any intention or obligation to replace or revise any forward-looking statements whether or not because of new data, future occasions or in any other case besides as in any other case required by relevant securities laws.

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To view the supply model of this press launch, please go to https://www.newsfilecorp.com/launch/278290



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