07:14 AM EDT, 09/19/2025 (MT Newswires) -- NGEx Minerals ( NGXXF ) overnight Thursday said it has received court approval to spin out the smelter returns royalties on the Lunahuasi and Los Helados projects in Argentina and Chile, respectively, into a subsidiary, LunR Royalties.

The arrangement was approved by shareholders September 12.

NGEx shareholders will receive new NGEx shares and the LunR Royalties shares when the arrangement is completed in the fourth quarter of this year.