Company: LINMF
Filing Date: 2025-08-01
Form Type: 20-F
Source: 0001176256-25-000065
Chunk: 36

Company: Linear Minerals Corp
Filing Date: 2025-08-01
Form: 20-F
Item: Item 4
Chunk 36
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Other rock types, including gneiss, dacite, quartzite and conglomerate, have also been reported. Lithologies are generally well foliated with a SE orientation, except for the more massive and unfoliated granites and pegmatites.

Mineralization recognized to date in the area includes rare-element lithium-cesium-tantalum (LCT) type pegmatites and molybdenum occurrences. The geological reports of the area indicate that pegmatite dykes generally strike WSW-ENE with dips of 60 degrees or steeper.

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Property claim map and Geology

North Spirit Property, Ontario

Property description and location

The property consists of 124 mining claims covering approximately 2,500 hectares area in two claim blocks on crown land in northwestern Ontario and is located about 175 kilometres to the north of Red Lake, Ontario.
Ownership

The Company acquired a 100% interest in the North Spirit Property by completing the share issuance of 1,105,262 common shares. The North Spirit property has a 1% GMR payable to the Optionor.

During the year ended March 31, 2024, the Company decided it would not be pursuing any further exploration work on the North Spirit property and wrote-off all deferred costs incurred to date.

29

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

Pontax West Lithium Property, Quebec

Property description and location

The Pontax West Lithium Property consists of 72 mining claims covering over 3,800 hectares in the James Bay lithium region of northern Quebec.

Ownership

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

Under the terms of the Pontax West Lithium Agreement, the Company has the option to acquire a 100% interest in the property by completing the following option payments, common share issuances and exploration expenditures:

   Due Dates         Issuance of  
                   Linear Minerals
                    common shares 
----------------------------------
On signing               1,500,000
October 13, 2024         2,000,000
October 13, 2025         2,500,000

The Pontax West Lithium property has a 1% GMR payable to the Optionor of which the Company will have the option to reduce the GMR by 1.0% by