White Gold Corp. Embarks on Strategic Pivot to Unlock Critical‑Minerals Value

White Gold Corp. (TSXV: WGO) is executing a high‑profile spin‑out that will separate its non‑gold exploration assets into a new, Yukon‑focused publicly listed company. The move, announced on 11 February 2026, is aimed at unlocking the intrinsic value of copper, molybdenum, tungsten and other critical‑mineral properties that White Gold has amassed in west‑central Yukon.

The Spin‑Out Mechanics

  • New Vehicle: The spin‑out, dubbed “SpinCo,” will house all non‑gold properties. It will be listed on the TSX Venture Exchange and the OTCQX under the ticker WHGOF, with additional trading rights in France (FRA: 29W).
  • Share Distribution: Shares of the new entity will be distributed to current White Gold shareholders, ensuring that ownership of the critical‑minerals portfolio remains in the hands of existing investors.
  • Portfolio Transfer: The transferred assets include copper, molybdenum, tungsten and other critical‑mineral holdings concentrated in a geologically prolific area of the Yukon Territory.

The spin‑out is a calculated response to the surge in demand for critical minerals, driven by global supply‑chain realignment and the shift toward green technologies. By creating a dedicated vehicle, White Gold positions itself to attract investors who are specifically targeting this sector, while freeing the parent company to concentrate on gold ore extraction and supply.

Leadership and Strategic Direction

White Gold’s board has recently bolstered its advisory team by appointing seasoned mining executive Donovan Pollitt as a strategic advisor. Pollitt’s extensive experience in mineral exploration and project development is expected to sharpen the company’s focus on high‑potential assets and guide the spin‑out’s operational framework.

CEO David D’Onofrio has publicly emphasized that this initiative marks a new growth phase for White Gold. “The spin‑out allows us to streamline our portfolio and leverage the growing market for critical minerals,” D’Onofrio stated. “We remain committed to delivering value to shareholders, both through our gold operations and the newly formed SpinCo.”

Market Reception and Investor Outlook

The announcement has been met with cautious optimism. White Gold’s share price, which closed at CAD 1.50 on 9 February 2026, has seen a modest uptick following the spin‑out news, reflecting investor confidence in the company’s strategic realignment. Analysts note that the 52‑week low of CAD 0.195 and high of CAD 1.90 illustrate significant volatility, yet the market appears poised to reward the company’s proactive restructuring.

White Gold’s market capitalization stands at CAD 331 million. Despite a negative price‑to‑earnings ratio of –125.41, indicative of the company’s current focus on asset development rather than profitability, the spin‑out could enhance earnings prospects by unlocking the monetization potential of its critical‑mineral properties.

Strategic Implications

  • Portfolio Optimization: Separating the critical‑minerals assets allows White Gold to pursue targeted financing and partnership opportunities that are tailored to the specific demands of the copper, molybdenum, and tungsten markets.
  • Risk Management: By delineating the two asset classes, the company mitigates sector‑specific risks; gold extraction remains insulated from fluctuations in critical‑mineral supply chains.
  • Capital Allocation: The spin‑out will likely create a new capital structure for SpinCo, potentially attracting investment from firms specialized in critical‑mineral development.

Conclusion

White Gold Corp.’s decision to spin out its Yukon‑focused critical‑mineral portfolio demonstrates a clear, forward‑looking strategy. The company is positioning itself to capitalize on the accelerating global demand for critical minerals while preserving its core gold business. Investors should watch the spin‑out’s progress closely, as it holds the promise of unlocking substantial value for both White Gold and its shareholders.