Linear Minerals Corp (TSXV: LNR) has signed a non-binding term sheet for the sale of its Augustus and James Bay mineral claims, according to a company press release dated June 8, 2026. The transaction is subject to due diligence and regulatory approvals.
The claims, located in Quebec, Canada, are part of Linear Minerals' portfolio of lithium and rare earth element properties. The buyer was not disclosed in the initial announcement.
Linear Minerals CEO stated that the sale aligns with the company's strategy to focus on core assets and streamline operations. No financial terms were released, but the deal is expected to close in Q3 2026.
