Transition Opportunities Corp., a capital pool company, and InterGroup Mining Limited (IGM), an Australian mining corporation, have entered into a non-binding Letter of Intent (LOI) dated August 17, 2024. This agreement outlines a proposed business combination that would result in a reverse takeover of Transition by IGM, with the combined entity continuing under IGM's business operations.

The transaction is anticipated to be a reverse takeover, positioning IGM to become a publicly listed entity on the TSX Venture Exchange (TSXV).