Clarity Metals Corp. (CSE: CMET | OTC: CLGCF | FSE: 27G0) has announced a corporate name change to Critical Copper Mining Corp. alongside a 3-for-1 share consolidation, both expected to take effect on the Canadian Securities Exchange on October 30, 2026, subject to final CSE approval. The company will trade under the new ticker symbol "CCCU" following the changes. The announcement signals a strategic repositioning for the Vancouver-based mineral exploration company, which currently holds the Fecteau Gold Project in Québec's Abitibi Greenstone Belt as its flagship asset.

Key Points

  • Clarity Metals Corp. (CSE: CMET | OTC: CLGCF | FSE: 27G0) announced a name change and share consolidation on October 26, 2026
  • The company will consolidate shares at a 3-for-1 ratio and rename itself Critical Copper Mining Corp., trading as "CCCU" on the CSE
  • Pre-consolidation shares outstanding total 103,426,077; post-consolidation shares are expected to be approximately 34,475,359
  • Investors should watch for confirmation of final CSE approval and the commencement of trading under the new name and ticker on October 30, 2026

Share Consolidation Ratio and Post-Consolidation Share Count

Clarity Metals Corp. announced it will consolidate its issued and outstanding common shares at a ratio of three pre-consolidation shares to one post-consolidation share. As of the announcement date, the company has 103,426,077 shares outstanding. Following the consolidation, that figure is expected to reduce to approximately 34,475,359 shares. No fractional shares will be issued; any fractional entitlements will be rounded up to the nearest whole number. All outstanding convertible securities will also be adjusted by the consolidation ratio, with exercise prices adjusted accordingly.

Name Change to Critical Copper Mining Corp. and New Ticker Symbol

In connection with the consolidation, Clarity Metals Corp. intends to change its name to Critical Copper Mining Corp. The company is expected to commence trading on a post-consolidation basis on the CSE under the new name and ticker symbol "CCCU" effective October 30, 2026, subject to final CSE approval. The company's new CUSIP number for post-consolidation shares will be 226924108 and its new ISIN number is CA2269241089. The name change reflects a strategic repositioning, though the company did not disclose specific operational rationale for the rebranding in the announcement.

Shareholder Action Requirements and Board Approval

The consolidation has been approved by the company's Board of Directors and, in accordance with the company's Articles, does not require shareholder approval. Registered shareholders will receive a letter of transmittal with instructions for surrendering pre-consolidation share certificates. Shareholders holding shares in brokerage accounts or in book-entry form are not required to take any action, as holdings will be electronically adjusted by the company's transfer agent or brokerage firms. The consolidation will not affect any shareholder's proportional ownership in the company, beyond minimal rounding effects.