06:53 AM EDT, 07/22/2025 (MT Newswires) -- NGEx Minerals ( NGXXF ) , which rose 3% to a 52-week high on Tuesday, said it will spin-out net smelter return royalties on the Lunahuasi and Los Helados Projects.

Among highlights outlined in a release on Tuesday, NGEx said it will create a 1% NSR royalty on the 100% owned Lunahuasi Project, located in San Juan Province Argentina and intends to create a 2% NSR royalty on the Los Helados Project located in Region 3, Chile, with a 1.38% NSR to be allocated to a newly incorporated, wholly-owned subsidiary and a 0.62% NSR to be allocated to Nippon Caserones Resources LLC, a subsidiary of JX Advanced Metals Corporation, based on each company's respective pro-rata interest in Los Helados of approximately 69% and 31%.

NGEx shareholders will vote on the arrangement at a special meeting to be held on Sept. 12. The arrangement is also subject to Toronto Stock Exchange and court approval.

If approved, shareholders of NGEx will receive one quarter of a share of RoyaltyCo for each share of NGEx held as of a record date.

RoyaltyCo intends to apply to list its shares on the TSX Venture Exchange (the " TSXV ") following completion of the Arrangement. Such listing will be subject to it fulfilling all of the listing requirements of the TSXV.

"If approved, this transaction is expected to provide NGEx shareholders with long-term exposure to Lunahuasi and Los Helados through RoyaltyCo, which intends to apply to list its shares for trading on the TSXV following completion of the arrangement," Wojtek Wodzicki, President and CEO, said. "In addition, through NGEx's anticipated holding of up to a 19.9% interest in RoyaltyCo, NGEx itself will also retain future exposure to a vehicle that is expected to use the royalties to spearhead future portfolio growth and diversification."