Innovation Mining is set to Join TSX Venture Exchange with Clean Tech Gold Breakthrough

Innovation Mining Inc., a clean-tech company redefining gold extraction, is pleased to announce a major milestone on its path to commercialization: a proposed public listing via amalgamation with Torchlight Innovations Inc. (TSXV: TLX.P). 

This transaction underscores Innovation Mining’s commitment to delivering a viable, sustainable, and scalable solution for the future of gold mining.

Strategic Merger Sets the Stage for Public Listing on TSXV

On April 11, 2025, Torchlight Innovations Inc. signed a definitive amalgamation agreement with Innovation Mining and a wholly owned subsidiary of Torchlight. The transaction, structured as a "three-cornered amalgamation," will result in Torchlight acquiring all issued and outstanding securities of Innovation Mining Inc., forming the foundation for Innovation's listing on the TSX Venture Exchange (TSXV).

This transaction is expected to serve as Torchlight’s “Qualifying Transaction” under TSXV Policy 2.4 – Capital Pool Companies, marking a pivotal moment for both organizations.

As part of this transition:

• Torchlight will consolidate its shares on a 1.93:1 basis.

• The company will be renamed “Innovation Mining Inc.” or another name selected by the current Innovation team.

• All current Torchlight directors and officers, except one, will resign—ushering in a new leadership era aligned with clean technology and responsible mining.

  
  

Backing the Future of Gold: Pre-Listing Investment Opportunity

To support continued growth and accelerate the commercialization of its proprietary gold extraction technology, Innovation Mining will:

• Complete a 1:1.24 share split prior to closing.

• Launch a non-brokered private placement of subscription receipts at $0.50 each, targeting up to $2 million in gross proceeds.

  
  

These funds will be instrumental in expanding pilot operations, securing strategic partnerships, and enhancing shareholder value.

Upon closing, the resulting issuer will issue:

• 55,011,000 common shares to Innovation shareholders

• A range of options and warrants at different prices, supporting future growth and investor participation

  
  

Meet the New Leadership Team

Post-transaction, Innovation Mining’s leadership will reflect industry experience, vision, and commitment to clean innovation:

• Duane Nelson – CEO and Director

• Darryl Yea – Director

• Mike Cowin – Director

• Robert Archer – Director

• Grant Bond – CFO

  
  

This seasoned leadership team brings deep expertise in mining innovation, capital markets, and global growth strategy.

Technology That Transforms: RZOLV

Innovation Mining’s core technology, RZOLV, is a proprietary water-based gold extraction formula designed to replace cyanide in heap leaching, vat leaching, and concentrate processing. This non-toxic alternative offers:

• Comparable performance and cost-efficiency to cyanide

• A significantly safer environmental and regulatory profile

• Broad application potential in global mining operations

  
  

Currently undergoing a 100-tonne industrial test, RZOLV is backed by two patent filings and secure IP protections—positioning it as a sustainable and profitable solution for modern mining.

Investing in the Future of Clean Technology 

For investors seeking a stake in the future of sustainable mining and clean technology, Innovation Mining offers a compelling opportunity. The company is not only addressing long-standing environmental challenges in gold extraction—but transforming how the industry operates.

As we approach public listing, Innovation Mining is poised to deliver long-term value, strategic impact, and environmental leadership.

For investor inquiries, please contact: ir@innovationmining.com