Leocor Mining mails proxy materials for June 3 meeting on plan to distribute Intrepid Metals shares to shareholders.

Leocor Mining has sent out proxy materials to shareholders for its annual meeting on June 3, 2026, where they will vote on a court-approved plan to distribute up to all of its 17.6 million Intrepid Metals shares (about 15.09% of Intrepid's shares) to Leocor shareholders. Under the plan, each Leocor share will be exchanged for one new Leocor share plus a pro rata portion of Intrepid shares. The distribution aims to give shareholders direct ownership in Intrepid Metals. The Board recommends voting in favor, and shareholders are encouraged to review the detailed materials available on SEDAR+.