Irruptive Metals Inc. and 1287398 B.C. Ltd. announced on July 16, 2026 that they had entered into a definitive business combination agreement dated July 14, 2026. The transaction was structured as a reverse takeover of 1287398 B.C. by Irruptive through a three-cornered amalgamation involving 1001591052 Ontario Inc., a wholly owned subsidiary of 1287398 B.C. The proposed resulting issuer was expected to continue Irruptive’s mineral exploration business, including development of the Pimentón copper-gold project in Chile, and seek a listing as a Tier 2 mining issuer on the TSX Venture Exchange. 

The transaction was completed on July 22, 2026. Irruptive and the subsidiary amalgamated to form a new entity named Irruptive Metals Inc., all of whose securities were acquired by the resulting issuer. Before completion, 1287398 B.C. consolidated its shares at a ratio of one post-consolidation share for every 3.616668 pre-consolidation shares and changed its name to Irruptive Metals Corp. Former Irruptive shareholders and holders of the subsidiary’s Class A shares received one resulting issuer share for each applicable share, at a deemed issue price of $0.70 per share. 

The resulting issuer issued 112,979,005 shares in connection with the transaction and had 114,592,362 shares outstanding after the transaction and related financings. A concurrent financing generated gross proceeds of $934,301. Trading under the symbol IRR was expected to begin on or about July 27, 2026, subject to the TSX Venture Exchange’s final bulletin. Bennett Jones LLP acted as legal counsel to Irruptive, and Haywood Securities Inc. acted as its financial adviser.