QcX Gold Secures Supreme Court Approval to Hold Shareholder Vote on Sterling Metals Deal

Supreme Court Authorization Enables Shareholder Meeting to Proceed

On July 17, 2026, QcX Gold announced it secured an interim order from the Supreme Court of British Columbia authorizing the company to call and hold the annual general and special meeting of shareholders. This order relates to a proposed arrangement under Division 5 of Part 9 of the British Columbia Business Corporations Act involving QcX Gold and Sterling Metals Corp.

The interim order marks an important procedural milestone, allowing QcX Gold to undertake necessary administrative steps to convene the shareholder meeting. This approval follows QcX Gold’s June 2, 2026 press release announcing the arrangement agreement with Sterling Metals dated June 1, 2026. Court approval is a prerequisite before shareholders can vote on the proposed transaction.

Shareholder Meeting Details and Closing Timeline

The shareholders' meeting will be held on August 18, 2026, at 11:00 a.m. Eastern time at Irwin Lowy LLP’s offices, located at 217 Queen Street West, Suite 401, Toronto, Ontario M5V 0R2. This meeting provides QcX Gold shareholders the formal opportunity to review and vote on the proposed arrangement with Sterling Metals.

Subject to obtaining required shareholder approval and satisfying other closing conditions, the arrangement is expected to close on or around August 25, 2026. If approved, the transaction could be completed within approximately one week following the meeting, pending customary regulatory and operational conditions outlined in the arrangement agreement.

Arrangement Agreement and Supporting Documentation

The arrangement agreement, dated June 1, 2026, between QcX Gold and Sterling Metals Corp., governs the proposed transaction. Full terms and conditions have been filed on both companies’ SEDAR+ profiles at www.sedarplus.ca, providing public access for investor review.

An information circular for the shareholders’ meeting will also be filed on QcX Gold’s SEDAR+ profile. This document will offer detailed background on the arrangement and its terms, enabling investors to make informed decisions ahead of the August 18 vote. Investors are encouraged to consult these filings for complete transaction details, including structure, consideration, and closing conditions.

QcX Gold’s Exploration Assets and Strategic Focus

QcX Gold is a mineral exploration company targeting gold and volcanogenic massive sulphide (VMS) mineralization in Quebec, Canada. Its two main properties are the Golden Giant Project in the James Bay region, approximately 2.9 kilometres from Azimut Exploration Inc.’s Patwon discovery on the Elmer gold project, and the Fernet Project in the Abitibi Greenstone Belt, adjacent to Wallbridge Mining Company Limited’s Fenelon/Martinière property.

Both properties are located near significant mineral discoveries, highlighting the strategic importance of QcX Gold’s land holdings within these prolific Quebec mining regions.

Sterling Metals Corp.’s Copper Exploration Portfolio

Sterling Metals Corp. focuses on large-scale copper exploration opportunities in Canada. Its flagship projects include the Soo Copper Project in Ontario, featuring evidence of past production and multiple breccia and porphyry targets near key infrastructure, and the Adeline Project in Labrador, which covers a large sediment-hosted copper belt with notable silver credits.

These projects show potential for significant copper discoveries. The complementary nature of Sterling’s copper-focused assets in Ontario and Labrador and QcX Gold’s gold-focused properties in Quebec suggests the arrangement could create a diversified exploration entity across multiple provinces and commodities.

Regulatory Filings and Investor Disclosure

Both QcX Gold and Sterling Metals have filed comprehensive regulatory disclosures on their respective SEDAR+ profiles, ensuring investors have access to material information about the proposed arrangement ahead of the shareholder vote.

The forthcoming information circular will provide additional context and analysis beyond the arrangement agreement. Investors should review all related documentation on SEDAR+ to fully understand the transaction’s scope, risk factors, regulatory requirements, and material terms.

Forward-Looking Statements and Associated Risks

The announcement includes forward-looking statements concerning anticipated benefits, timing of the transaction, expected shareholder approval, and satisfaction of conditions precedent. These statements use terms such as "plans," "expects," "intends," and "anticipates." QcX Gold cautions that actual results may differ materially due to risks and uncertainties including gold price volatility, market fluctuations, geological data interpretation, cost increases, environmental regulations, interest and exchange rate changes, and broader economic factors affecting mineral exploration.

Readers are directed to the companies’ most recent annual management discussion and analysis filings for a detailed discussion of these risks. The company does not undertake to update forward-looking statements except as required by law.

Shareholder Approval and Conditions to Closing

Completion of the arrangement depends on receiving shareholder approval at the August 18 meeting. Shareholders voting at this meeting will determine whether the transaction proceeds. Additionally, customary conditions precedent such as regulatory approvals and absence of material adverse changes must be met before closing.

The interim court order confirms compliance with British Columbia corporate law for the transaction structure and meeting process, but shareholder ratification remains essential. Investors should review the information circular and arrangement agreement to understand vote thresholds, conditions, and other material requirements for closing.

Investor Guidance and Upcoming Steps

QcX Gold shareholders will receive formal meeting materials and the information circular ahead of the August 18, 2026 meeting. These documents will include voting instructions, background on the arrangement, and management’s recommendations.

Investors holding QcX Gold shares should monitor their mail and the company’s website for these materials and ensure they understand their voting rights and the transaction’s implications. The immediate impact on share price remains unclear. Investors are advised to review the arrangement agreement and information circular filed on SEDAR+ before making investment decisions.