Nevada King Gold Corp. agreed to Spin-Off Non-Atlanta Claims Portfolio on February 12, 2024. Common shares of spinco will be distributed to shareholders of Nevada King in proportion to their shareholdings of Nevada King.

Completion of the proposed Spin-Out will be subject to finalizing the terms of a definitive arrangement agreement to be entered into between Nevada King and SpinCo, as well as the approval of the Nevada King shareholders, and the approvals of the British Columbia Supreme Court and the TSX Venture Exchange.