Element79 Gold Corp Secures Supreme Court Approval for Synergy Metals Corp Arrangement

Supreme Court of British Columbia Grants Final Order for Element79 and Synergy Metals Arrangement

Element79 Gold Corp. confirmed on July 14, 2026, that the Supreme Court of British Columbia granted the Final Order approving its plan of arrangement with Synergy Metals Corp. This follows the initial public disclosure of the Arrangement on June 11, 2026.

The Final Order is a critical regulatory milestone under Canadian corporate law, confirming court approval of the Arrangement after securityholder endorsement at the July 3, 2026 special meeting. Element79 is publicly traded on the Canadian Securities Exchange (ELEM), OTC Markets (ELMGF), and the Frankfurt Stock Exchange (7YS).

Securityholder Approval Received at July 3 Special Meeting

Element79’s securityholders voted in favor of the Arrangement on July 3, 2026, fulfilling a key prerequisite for the court’s Final Order. Both shareholder approval and the court’s sanction have now been completed.

The management information circular dated May 28, 2026, detailing the Arrangement terms and background on both Element79 and Synergy Metals Corp., is accessible via the company’s SEDAR+ profile at www.sedarplus.ca. Investors are encouraged to consult this document for comprehensive information.

Remaining Conditions and Expected Closing Timeline

Although the Final Order and shareholder approval are significant steps, the Arrangement’s completion depends on satisfying other customary closing conditions. The company has not specified these remaining conditions in the current release but refers investors to the management information circular for details.

Subject to the fulfillment or waiver of all outstanding conditions, Element79 expects the transaction to close in July 2026. The company notes this timeline is forward-looking and may be adjusted if additional time is needed to meet closing requirements. No specific information on pending regulatory or third-party approvals was disclosed.

SpinCo Shares Anticipated to List on Canadian Securities Exchange Post-Closing

Element79 highlighted that SpinCo shares are expected to be listed on the Canadian Securities Exchange following the Arrangement’s closing. This listing remains conditional on the transaction’s completion and satisfaction of all applicable requirements.

The announcement does not reveal the SpinCo listing name, proposed ticker symbol, share quantity, or valuation. Investors seeking these specifics should refer to the May 28, 2026 management information circular on SEDAR+. The anticipated CSE listing is particularly relevant to current Element79 securityholders eligible to receive SpinCo shares.

Synergy Metals Corp.’s Role in the Arrangement

Synergy Metals Corp. is identified as the counterparty in the arrangement with Element79 Gold Corp. The announcement does not provide details on Synergy’s business operations, assets, or listing status. Additional information about Synergy and the Arrangement’s terms is available in the management information circular dated May 28, 2026.

Investors interested in Synergy’s strategic role and the rationale for the Arrangement should consult the full circular on Element79’s SEDAR+ profile, as the July 14 release does not elaborate further.

Regulatory and Legal Context of the Court-Approved Arrangement

Under Canadian corporate law, plans of arrangement require court approval to ensure fairness to securityholders and stakeholders. The Supreme Court of British Columbia’s Final Order confirms judicial review and approval of the Arrangement’s terms.

The announcement includes standard disclaimers noting that neither the Canadian Securities Exchange nor its Market Regulator assumes responsibility for the release’s accuracy. The disclosure complies with Canadian securities laws applicable to reporting issuers.

Forward-Looking Statements and Risk Factors

Element79’s announcement contains cautionary statements regarding forward-looking information, including the timing and completion of the Arrangement and SpinCo’s listing. The company advises investors against undue reliance, noting that actual outcomes may differ materially due to various risks.

Key risks include global economic and market conditions, potential failure to satisfy closing conditions or obtain approvals timely, possible termination of the Arrangement Agreement, and other uncontrollable factors. There is no guarantee that the assumptions underlying forward-looking statements will materialize.

Additional Disclosure and Investor Resources

For detailed information on the Element79–Synergy Arrangement, investors should review the management information circular dated May 28, 2026, available on SEDAR+ at www.sedarplus.ca. Element79’s website, www.element79.gold, also provides further company and project details.

Element79’s multi-exchange listings (CSE: ELEM, OTC: ELMGF, FSE: 7YS) expose investors across Canadian, U.S., and European markets to the transaction’s outcomes. The immediate market impact of the Final Order announcement was not evident at publication, and investors are encouraged to examine all public disclosures before assessing effects on the company’s valuation.

Background and Timeline of the Arrangement Process

The July 14, 2026 announcement follows prior disclosures, including the initial Arrangement announcement on June 11, 2026, and the management information circular filed May 28, 2026. The shareholder special meeting on July 3, 2026, approved the Arrangement, followed by the Supreme Court’s Final Order on July 14, 2026.

This release does not detail the strategic rationale or sequence of events leading to the Arrangement. Investors seeking comprehensive context should consult the management information circular on SEDAR+. This report strictly reflects facts disclosed in the July 14, 2026 announcement.