BULLETIN V2026-2208
J2 METALS INC. ("JTWO")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: July 2, 2026
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to an arm's length acquisition of 100% of the 2,203-hectare Sierra Plata silver-gold-antimony project located in the Zacualpan District near Taxco, Guerrero State, Mexico (the "Project"), pursuant to an option agreement dated May 22, 2026 (the "Agreement") between J2 Metals Inc. (the "Company") and an arm's length vendor (the "Vendor").
Pursuant to the terms of the Agreement, the consideration for the acquisition consists of: (i) 1,000,000 subscription receipts at a deemed price of $0.25 per subscription receipt, having an aggregate deemed value of $250,000, issued on January 16, 2026, and the following common shares issuable in the capital of the Company, with up to 25% of each issuance payable in cash at the Vendor's election: (ii) 1,500,000 shares on or before 12 months from May 22, 2026 (the "Effective Date"), (iii) 2,000,000 shares on or before 24 months from the Effective Date, and (iv) 3,000,000 shares on or before 36 months from the Effective Date.
Additionally, the Company shall incur the following exploration work commitments: (i) at least MXN$1,805 per hectare of the Project within 12 months of the Effective Date, (ii) at least $400,000 within 24 months of the Effective Date, and (iii) at least $650,000 within 36 months of the Effective Date.
The Company may accelerate its acquisition of the Project by satisfying the obligations described above and making an additional payment to the Vendor of $500,000 in cash, up to 2,000,000 common shares of the Company, or a combination thereof, at the Vendor's election.
The Vendor retains a 1.5% net smelter return ("NSR") royalty on the Project. The Company retains the right to purchase 50% of the NSR, reducing it to 0.75%, for $1,500,000 at any time.
For further details, please refer to the Company's news releases dated December 22, 2025, and May 25, 2026.
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