Company: LINMF
Filing Date: 2025-08-01
Form Type: 20-F
Source: 0001176256-25-000065
Chunk: 38

Company: Linear Minerals Corp
Filing Date: 2025-08-01
Form: 20-F
Item: Item 4
Chunk 38
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 in the Titan Gold Property. Under the terms of the option agreement, the Company has the option to acquire a 100% interest in the Titan Gold property by completing the certain option payments, and common share issuances. The Company has an outstanding option payment of $40,000 to acquire its 100% interest in the property.

The Titan Gold property is subject to a 1.5% NSR royalty.

During the year ended March 2024, the Company wrote-off all deferred costs to date as the company does not plan to do further work on the property.

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<{self.tag} alt="{self.alt}" src="{self.src}">Property Location Map

Trix Lithium Property, Ontario

Property description and location

Trix Lithium is located in in the Georgia Lake area in northwestern Ontario and is comprised of 23 mining claims covering approximately 11,000 hectares.

Ownership

On March 13, 2023, the Company entered into an option agreement to acquire a 100% interest in the Trix Lithium Property.

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Under the terms of the option agreement, the Company has the option to acquire a 100% interest in the Trix Lithium property by completing the following option payments, common share issuances and exploration expenditures, subject to regulatory approval:

  Due Dates      Option payments   Issuance of Linear     Minimum       Cumulative
                       ($)          Minerals common     exploration    exploration
                                         shares         expenditures   expenditure
                                                            ($)            ($)    
----------------------------------------------------------------------------------
On signing                25,000               83,333            Nil           Nil
                          (paid)             (issued)                             
March 13, 2024            25,000            1,500,000        100,000       100,000
March 13, 2025            25,000              500,000        200,000       300,000
March 13, 2026           100,000              500,000        400,000       700,000

The Trix Lithium property is subject to a 2.0% NSR royalty.

During the year ended March 2024, the Company wrote-off all deferred costs to date as the company does not plan to do further work on the property.

Exploration Amounts Expensed

Exploration expenses in the five fiscal years ended March 31:

        Year             2025         2024         2023         2022        2021