CA Market News
1週前
Canadian Copper Inc. Announces Feasibility Study Team Award and Project UpdateMay 27, 2026 6:00 AM
NewsfileToronto, Ontario--(Newsfile Corp. - May 27, 2026) - Canadian Copper Inc. (CSE: CCI) ("Canadian Copper" or the "Company") today announced that it has awarded the Feasibility Study ("FS") for the combined 100%-owned Murray Brook Project and Caribou Process Plant to DRA Americas as lead author, SLR Consulting Ltd., Stantec Consulting Ltd., and Dillon Consulting Limited. The current timeline to publish results from the FS is December 2026. The study team and contributing consultants were selected based on several elements including their previous experience with the Caribou Process Plant, their study team proximity to the project and distance from identified key contractors for the project execution, and timely delivery schedule. Project Update Early works site activities have commenced at Murray Brook in support of the FS, including:Geotechnical investigations (Image A) for site infrastructure design parameters at Murray Brook (waste dump facilities, modular buildings, and haul road design).Additional sample collection targeting waste, ore, and topsoil for kinetic testing in support of environmental characterization, water treatment, final mine design, and closure plan.Haul road design between Murray Brook and Caribou site is progressing:Optimization and trade-off studies underway to re-develop existing logging roads to minimize impact, cost, while reviewing expected route gradient to minimize operating costs.Site-wide water management at Murray Brook field activities will start in July, including:Simulated flows for main Murray Brook design facilities (open pit, waste dumps, modular facilities, and catchment ponds).Deterministic water quality modeling.Predictive groundwater modeling with hydraulic conductivity and additional monitoring well installations. Metallurgical testwork at SGS Canada Inc. ("SGS") in Lakefield, Ontario continues to advance.SGS has completed 26 rougher and open-circuit cleaner tests to date and expects to begin closed-circuit locked cycle testing this month.Results from the SGS testwork will be included into the FS to finalize the flowsheet design, estimate process plant operating costs, and predict recovery performance.The Company remains on track to register the Environmental Impact Assessment ("EIA") with the New Brunswick Department of Environment and Local Government ("DELG") in the H1 of 2026.Draft Project Description is complete and under review.The Company engineering teams continue to advance key project design components. As design deliverables are received, updates will be provided to DELG to support regulatory review of the EIA. Christian Brousseau, Vice President, Projects of Canadian Copper, stated, "We have assembled a dynamic team and their contributions will be essential in developing this project. The opportunity of re-using existing infrastructure is a significant advantage in cost and schedule, but also on the permitting front. Revitalizing this complex and extending its life for +13 years will have a meaningful and immediate impact on the region." Remaining Steps to Close Caribou Complex TransactionThe Company, as buyer, and FTI Consulting Canada Inc. ("FTI"), the court appointed Receiver of Trevali Mining New Brunswick Ltd., and the New Brunswick Government continue to advance the closing of the Caribou Complex transaction. The current timeline remains Q2, 2026.The Asset Purchase Agreement ("APA") as described in the Caribou Transaction Term and the draft vesting order are completeDraft Minister consent request letters to transfer mining and crown land leases are complete.Draft Minister care and maintenance handover plans are complete. FTI is now scheduling the hearing to seek court approval of the APA and a vesting order for the Caribou Complex transaction.Image A: Geotechnical Site InvestigationTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9218/298959_e0cb2580d4af8b4e_001full.jpgAbout Canadian Copper Inc.Canadian Copper is a Canadian-based mineral development company with a 100% owned copper, zinc and silver portfolio of mineral resources as well as other base metal exploration assets. The Company is focused on the prolific Bathurst Mining Camp (BMC) of New Brunswick, Canada. There are currently 192,282,255 shares issued and outstanding in the Company.For more information, please contact: Simon Quick, Director and CEOemail simon@canadiancopper.com / ir @tycoon78-6661
web www.canadiancopper.com Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.Cautionary and Forward-Looking StatementsThis news release includes certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the project update on the Murray Brook Project and Caribou Process Plant, the timeline of the Caribou Complex transaction, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward-looking information can be identified by words such as "pro forma", "plans", "expects", "will", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, statements as to the anticipated business plans and timing of future activities of the Company, the proposed expenditures for exploration work on the Company's properties, the ability of the Company to obtain sufficient financing to fund its business activities and plans, delays in obtaining governmental and regulatory approvals (including of the CSE), permits or financing, changes in laws, regulations and policies affecting mining operations, the Company's limited operating history, currency fluctuations, title disputes or claims, environmental issues and liabilities, as well as those factors discussed under the heading "Risk Factors" in the Company's annual management discussion and analysis for the year ended October 31, 2025 and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on SEDAR+ website at www.sedarplus.ca. Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this presentation or incorporated by reference herein, except as otherwise required by law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298959 Original: Canadian Copper Inc. Announces Feasibility Study Team Award and Project Update
CA Market News
2月前
Canadian Copper Inc. Announces Up to $96M in Project Development Capital, Deepens Strategic Partnership with Ocean Partners, and Welcomes OR Royalties Inc. as New PartnerApril 14, 2026 6:00 AM
NewsfileToronto, Ontario--(Newsfile Corp. - April 14, 2026) - Canadian Copper Inc. (CSE: CCI) ("Canadian Copper" or the "Company") announces that it has secured up to $96,000,000 ("Project Financing") in committed capital from OR Royalties Inc. ("OR Royalties"), a global top-5 precious metal streaming company, and Ocean Partners UK Limited ("Ocean Partners") to advance development of its 100%-owned Murray Brook Project and Caribou Process Plant ("Combined Strategy" or "Bathurst Complex"). The Project Financing represents a significant de-risking milestone as the Company aims to become a near-term critical mineral producer in Bathurst, New Brunswick, Canada. A total of $12,330,000 is to be received upon closing this month. Amounts presented are in Canadian dollars assumes CAD Exchange Rate (USD:CAD) of 1.37.Project Financing Highlights OR Royalties will provide project funding of $38,350,000 in exchange for a 20% life-of-mine payable silver and gold stream from the Bathurst Complex.Ocean Partners, a current 17% shareholder in Canadian Copper, will provide up to $48,000,000 in project debt in exchange for 100% of the Bathurst Complex off-take rights.In addition, OR Royalties (concurrently) and Ocean Partners (a future date, if needed) have committed to common share equity subscriptions into Canadian Copper for an amount up to of $10,500,000.Simon Quick, CEO of Canadian Copper stated, "Junior near-term producers have three primary goals: 1) secure project financing, 2) secure all necessary permits for construction, and 3) execute the project to plan. Today's Project Financing funds the PEA capital expenditure requirements but also allows our growing development team to focus on securing remaining permit approvals and to deliver one of Canada's few near-term critical mineral operations. I also strongly believe this flexible financing structure protects our current long-term shareholders from excessive common share equity dilution and maintains our strong shareholder registry for future development." The Project Financing is designed to achieve two primary objectives: Provide the Company with sufficient working capital to complete required Bathurst Complex work streams including awarding all material project tenders for this April, staffing the execution team, project engineering, permitting, and where possible, compressing the development schedule to first production. This financial capacity would also enable the Company to acquire nearby deposits to further increase the Bathurst Complex mine life, if they become available.Create financial capacity for the Company's near-term development capital requirements, while maintaining optionality with other capital providers, mainly Canada's critical minerals framework announced in the 2025 Federal Budget. This is illustrated by 55% of the total project financing being optional at the Company's discretion.Company Balance Sheet & Project Financing SummaryAs of January 31st, 2026, the Company had available cash of $15.4 million. In addition, the Company completed a flow-through private placement of $2.36 million on March 6th, 2026. Lastly, the Company's balance sheet includes 38.8 million "in-the-money" warrants priced at $0.25 that, if fully exercised, would result in proceeds to Canadian Copper of $9.7 million. These warrants are subject to a forced acceleration clause at the Company's election and expire in November 2026.The Company expects the following material cash outflows as part of the Caribou transaction closing this quarter:$6,000,000 to close the acquisition of the Caribou Process Plant;$4,262,350 to fund the closure surety bond, which will yield +3% per annum. The Company is currently working on alternatives to reduce this cash collateral component. OR Royalties - 20% Precious Metals Stream and Equity Subscription at 20% Premium to Closing PricePursuant to the terms of the precious metals stream agreement comprising silver and gold deliveries, OR Royalties will provide $38,350,000 in exchange for the Company delivering 20% life-of-mine payable silver and gold from the Bathurst Complex. OR Royalties will purchase 20% of payable silver and gold produced by the Company at a purchase price equal to 20% of the spot price for silver and gold, respectively, the ("OR Stream").The OR Stream will consist of:A $6,850,000 upfront deposit payable upon closing subject to customary conditions precedent (the "Upfront Deposit"). It is expected that closing will occur in April 2026.$31,500,000, the balance of the upfront deposit under the OR Stream, payable in quarterly installments throughout the construction period of the Bathurst Complex ("Construction Funding").In addition, OR Royalties will enter into a $5,480,000 equity subscription for Canadian Copper common shares immediately upon the closing of the OR Stream, consisting of 7,306,666 common shares at a price of $0.75 per share, a 20% premium to our previous closing price (the "OR Equity Financing", and together with the Upfront Deposit and the Construction Funding, the "OR Financing Package"). The OR Equity Financing will close on or about 5 business days from today.Construction Funding installments will be contingent upon typical industry-standard conditions, including completing customary milestones such as obtaining all remaining required permits for the Bathurst Complex development, Company Board approval for construction, material agreements for execution, full funding to completion available at the time of each installment, a comprehensive financial model to support a minimum debt service coverage ratio, as well as other factors.Ocean Partners - Concentrate Pre-payment Facility Pursuant to the terms of the concentrate pre-payment facility, Ocean Partners, a current 17% shareholder in Canadian Copper, will provide up to $48,000,000 in project debt in exchange for 100% of the Bathurst Complex off-take rights. Ocean Partners has further committed to two possible additional capital injections: 1) exercising 12,725,000 warrants currently held with an exercise price of $0.25, and 2) at Canadian Copper's election, subscribing to an additional $5,000,000 in equity (terms to be mutually agreed upon) if required by the Company at a future date.The Ocean Partners Facility's key features include:36-month term including an initial 12-month grace period;Interest Rate: SOFR + 7.75% per annum;Fee: 2% payable in cash or shares as drawn; andEarly repayment fee of 2%.Canadian Copper has provided OR Royalties and Ocean Partners with corporate guarantees and security collectively ranked pari passu over the Company's assets related to the Bathurst Complex. Multilateral Instrument 61-101 - Protection of Minority Security HoldersOcean Partners currently holds 32,672,223 shares, approximately 17% of the Company's issued and outstanding shares. Ocean Partners is considered a "related party" of the Company under MI 61-101. The Ocean Partners Facility is a related party transaction as the Company is entering into a credit facility with Ocean Partners. The Company will not issue shares to Ocean Partners as part of this transaction. The Company is exempt from the requirements of MI 61-101 to obtain a formal valuation as the Ocean Partners Facility does not fall under the requirements of section 5.4 of MI 61-101. Furthermore, the Company is exempt from the requirements to obtain minority shareholder approval in connection with the Ocean Partners Facility in reliance of section 5.6(1)(f) of MI 61-101. Specifically, the Ocean Partners Facility is a credit facility based on reasonable commercial terms that are not less advantageous to the Company than if the credit facility were obtained from a person dealing at arm's length with the Company, and each advance under the credit facility, as the case may be, is not a) convertible, directly or indirectly, into equity or voting securities of the Company or a subsidiary entity of the Company, or otherwise participating in nature, or b) repayable as to principal or interest, directly or indirectly, in equity or voting securities of the Company or a subsidiary entity of the Company. AdvisorsVentum Financial Corp. ("Ventum") acted as financial advisor to Canadian Copper in connection with the OR Financing Package. The Company will pay $328,800 to Ventum representing 6% commission as a finder's fee in connection with the OR Equity Financing. About Canadian Copper Inc.Canadian Copper is a Canadian-based mineral development company with a 100% owned copper, zinc and silver portfolio of mineral resources as well as other base metal exploration assets. The Company is focused on the prolific Bathurst Mining Camp (BMC) of New Brunswick, Canada. There are currently 190,739,705 shares issued and outstanding in the Company.For more information, please contact: Simon Quick, Director and CEO
email simon@canadiancopper.com / ir @tycoon78-6661
web www.canadiancopper.com Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.Cautionary and Forward-Looking StatementsThis news release includes certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the proposed OR Stream, Equity Financing, Ocean Partners Facility, proposed use of proceeds, market and regulatory approval, anticipated closing date for the OR Equity Financing, future exploration programs, anticipated exploration program results from exploration activities, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward-looking information can be identified by words such as "pro forma", "plans", "expects", "will", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, statements as to the anticipated business plans and timing of future activities of the Company , the proposed expenditures for exploration work on the Company's properties, the ability of the Company to obtain sufficient financing to fund its business activities and plans, delays in obtaining governmental and regulatory approvals (including of the CSE), permits or financing, changes in laws, regulations and policies affecting mining operations, the Company's limited operating history, currency fluctuations, title disputes or claims, environmental issues and liabilities, as well as those factors discussed under the heading "Risk Factors" in the Company's annual management discussion and analysis for the year ended October 31, 2025 and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on SEDAR+ website at www.sedarplus.ca. Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this presentation or incorporated by reference herein, except as otherwise required by law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/292370
Original: Canadian Copper Inc. Announces Up to $96M in Project Development Capital, Deepens Strategic Partnership with Ocean Partners, and Welcomes OR Royalties Inc. as New Partner
CA Market News
2月前
Canadian Copper Receives Approval Milestone for Caribou Transaction and Appoints Vice President, ProjectsApril 7, 2026 6:00 AM
NewsfileToronto, Ontario--(Newsfile Corp. - April 7, 2026) - Canadian Copper Inc. (CSE: CCI) ("Canadian Copper" or the "Company") announces it has received Lieutenant-Governor for the Province of New Brunswick approval for the Minister of Natural Resources to enter into a Limited Environmental Liability Agreement ("LELA" or "Approval Milestone") with the Company for the Caribou Complex ("Caribou"). Further, the Company also announces that Christian Brousseau, P. Eng., MBA, has been appointed as the Company Vice President of Projects.Simon Quick, CEO of Canadian Copper stated, "Receiving this Approval Milestone for the Caribou transaction is excellent news. Commensurate with nearing the transaction close, we are also pleased to announce Mr. Brousseau's appointment to Vice President, Projects, responsible for delivering the Murray Brook and Caribou integrated development project. The CCI team is growing, and I am really looking forward to learning from, and working with, Christian on building New Brunswick's next critical minerals mine. I think Christian brings the right technical expertise, temperament, and project delivery experience to achieve our Company production objectives."Summary of Next Steps to Close Caribou Complex Transaction With the LELA approval now received, the Company anticipates the following next steps to close the Caribou transaction:The Company, as buyer, and FTI Consulting Canada Inc. ("FTI"), the court appointed Receiver of Trevali Mining New Brunswick Ltd., as seller, will finalize the Asset Purchase Agreement ("APA") as described in the Caribou Transaction Term Sheet announced on October 28, 2024. Following the completion of the APA, FTI will schedule a hearing to seek court approval of the APA and a vesting order for the Caribou Complex transaction. Following court approval, customary exchange of closing documents between the Company, the Receiver, and the New Brunswick Government, is expected with Caribou title transfer expected to occur in Q2, 2026.Appointment of Christian Brousseau to Vice President of ProjectsMr. Brousseau is a seasoned mining project executive with 35 years of experience in engineering, construction, and project management for both greenfield and brownfield projects across precious and base metal development assets. Christian's project execution history includes some of Canada's largest mining projects such as Osisko Mining's Malartic project, Detour Gold's Detour Lake project, and Goldcorp's Elenore project. Mr. Brousseau spent eight years with Falconbridge in various capital projects including Raglan, Kidd Creek, and the Horne Smelter. Mr. Brousseau obtained his Engineering degree from École Polytechnique de Montréal, is a registered P. Eng. in Quebec and Ontario and holds an MBA from Université du Québec.Mr. Brousseau was awarded 500,000 Stock Options in the Corporation exercisable at $0.60 per Stock Option for up to five years from the date of grant. The stock options vest in equal installments of one-third per year, commencing on the first anniversary of the date of issuance.About Canadian Copper Inc.Canadian Copper is a Canadian-based mineral exploration company with a copper and base metals portfolio of historical resources and grassroots projects. The Company is focused on the prolific Bathurst Mining Camp (BMC) of New Brunswick, Canada. There are currently 190,799,705 shares issued and outstanding in the Company.For more information, please contact: Simon Quick, Director and CEOemail simon@canadiancopper.com / ir @tycoon78-6661
web www.canadiancopper.com Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.Cautionary and Forward-Looking StatementsThis news release includes certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as "pro forma", "plans", "expects", "will", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, statements as to the anticipated business plans and timing of future activities of the Company , the proposed expenditures for exploration work on the Company's properties, the ability of the Company to obtain sufficient financing to fund its business activities and plans, delays in obtaining governmental and regulatory approvals (including of the CSE), permits or financing, changes in laws, regulations and policies affecting mining operations, the Company's limited operating history, currency fluctuations, title disputes or claims, environmental issues and liabilities, as well as those factors discussed under the heading "Risk Factors" in the Company's annual management discussion and analysis for the year ended October 31, 2025 and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on SEDAR+ website at www.sedarplus.ca. Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this presentation or incorporated by reference herein, except as otherwise required by law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/291374
Original: Canadian Copper Receives Approval Milestone for Caribou Transaction and Appoints Vice President, Projects
CA Market News
3月前
Canadian Copper Announces Closing of Flow-Through Private PlacementMarch 9, 2026 6:00 AM
NewsfileToronto, Ontario--(Newsfile Corp. - March 9, 2026) - Canadian Copper Inc. (CSE: CCI) ("Canadian Copper" or the "Company") announces that it has closed its non-brokered, flow-through share offering (the "FT Offering") consisting of 3,140,754 flow-through shares (the "FT Shares") of the Company at a price of C$0.75 per FT Share for aggregate gross proceeds of $2,355,565.50. There were no warrants as part of this financing.The purpose and use for this funding are described below. For further details of our plan, please click here.1) Complete ~2,500 meters of diamond drilling, including downhole surveys, to target the open western copper mineralization extensions of the Murray Brook deposit;2) Advance the Company's understanding of the subsurface geological controls through geophysics and to assist in refining drill and regional exploration activities;3) Complete a five-month regional exploration campaign across the 18 km Caribou Horizon. The proceeds of the FT Offering will be used to incur eligible "Canadian exploration expenses" that qualify as "flow-through critical mineral mining expenditures" as both terms are defined in the Income Tax Act (Canada) (the "Qualifying Expenditures") related to the Company's projects in New Brunswick, Canada. The Company plans to incur Qualifying Expenditures on or before December 31, 2027 (or such other period as may be permissible under applicable tax legislation), and to renounce all the Qualifying Expenditures in favour of the subscribers of the FT Shares effective December 31, 2026.The Company paid commissions to certain arm's-length third parties totaling $111,100.97 in cash. A statutory four month plus one day hold period will apply to all securities issued in connection with the FT Offering expiring July 7, 2026. The FT Offering is subject to CSE and regulatory approval. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in the United States nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold in the United States unless registered under the 1933 Act and any applicable securities laws of any state of the United States or an applicable exemption from the registration requirements is available.About Canadian Copper Inc.Canadian Copper is a Canadian-based mineral exploration company with a copper and base metals portfolio of historical resources and grassroots projects. The Company is focused on the prolific Bathurst Mining Camp (BMC) of New Brunswick, Canada. There are currently 190,397,205 shares issued and outstanding in the Company.For more information, please contact: Simon Quick, Director and CEOemail simon@canadiancopper.com / ir @tycoon78-6661
web www.canadiancopper.com Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.Cautionary and Forward-Looking StatementsThis news release includes certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the proposed FT Offering, proposed use of proceeds, market and regulatory approval, anticipated closing date for the FT Offering, future exploration programs, anticipated exploration program results from exploration activities, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as "pro forma", "plans", "expects", "will", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, statements as to the anticipated business plans and timing of future activities of the Company , the proposed expenditures for exploration work on the Company's properties, the ability of the Company to obtain sufficient financing to fund its business activities and plans, delays in obtaining governmental and regulatory approvals (including of the CSE), permits or financing, changes in laws, regulations and policies affecting mining operations, the Company's limited operating history, currency fluctuations, title disputes or claims, environmental issues and liabilities, as well as those factors discussed under the heading "Risk Factors" in the Company's annual management discussion and analysis for the year ended October 31, 2025 and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on SEDAR+ website at www.sedarplus.ca. Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this presentation or incorporated by reference herein, except as otherwise required by law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/287692
Original: Canadian Copper Announces Closing of Flow-Through Private Placement
Oleblue
3月前
Canadian Copper Announces a Non-Brokered Flow-Through Offering
Toronto, February 17th, 2026 – Canadian Copper Inc. (CSE:CCI) (“Canadian Copper” or the “Company”) announces that it has initiated a non-brokered, flow-through share offering (the “FT Offering”) of up to 2,933,334 flow-through shares (the “FT Shares“) of the Company at a price of C$0.75 per FT Share with each FT Share consisting of one common share of the Company that qualifies as a flow-through share as defined in section 66(15) of the Income Tax Act (Canada). The FT Offering is for aggregate gross proceeds of up to $2,200,000.
Simon Quick, CEO of Canadian Copper, stated:
“This straight common share FT Offering is fully subscribed and was placed with approximately 15 existing shareholders that currently already own more than 35 million common shares of Canadian Copper collectively. These existing shareholders, including Crescat Capital, will fund the entirety of the 2026 exploration program we announced last week. This raise will allow us to invest our hard dollars towards the development of Murray Brook and Caribou, while also investing in our future growth in the Bathurst Camp.”
The purpose and use for this proposed funding are below. For further details of our plan, please click here.
Complete ~2,500 meters of diamond drilling, including downhole surveys, to target the open western copper mineralization extensions of the Murray Brook deposit;
Advance the Company’s understanding of the subsurface geological controls through geophysics and to assist in refining drill and regional exploration activities;
Complete a five-month regional exploration campaign across the 18 km Caribou Horizon.
The proceeds of the FT Offering will be used to incur eligible “Canadian exploration expenses” that qualify as “flow-through critical mineral mining expenditures” as both terms are defined in the Income Tax Act (Canada) (the “Qualifying Expenditures“) related to the Company’s projects in New Brunswick, Canada. The Company plans to incur Qualifying Expenditures on or before December 31, 2027 (or such other period as may be permissible under applicable tax legislation), and to renounce all the Qualifying Expenditures in favour of the subscribers of the FT Shares effective December 31, 2026.
Closing is expected on or about February 24th, 2026, or such other date as the Company may determine. While the FT Offering is being affected by the Company on a non-brokered basis, the Company may pay finder’s fees to arm’s-length third parties consisting of a cash commission of up to 6% of the gross proceeds of the FT Offering. A statutory four month plus one day hold period will apply to all securities issued in connection with the FT Offering. The FT Offering is subject to CSE and regulatory approval.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in the United States nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any state securities laws and may not be offered or sold in the United States unless registered under the 1933 Act and any applicable securities laws of any state of the United States or an applicable exemption from the registration requirements is available.
About Canadian Copper Inc.
Canadian Copper is a Canadian-based mineral exploration company with a copper and base metals portfolio of historical resources and grassroots projects. The Company is focused on the prolific Bathurst Mining Camp (BMC) of New Brunswick, Canada. There are currently 187,006,451 shares issued and outstanding in the Company.
https://canadiancopper.com/canadian-copper-announces-a-non-brokered-flow-through-offering-2026/
Oleblue
3月前
Canadian Copper Announces 2026 Exploration Plans
Toronto, February 10th, 2026 – Canadian Copper Inc. (CSE:CCI) (“Canadian Copper” or the “Company”) announces today its exploration strategy for 2026 focused on the Bathurst Camp of New Brunswick. The focus of our exploration activities this year are to expand the Murray Brook deposit resource, further advance our regional targets across the 18 km contiguous Caribou Horizon Trend including Murray Brook West, and integrate geophysical data to refine our decisions. Our Murray Brook Project plus Caribou development activities remain unchanged.
Summary of 2026 Exploration Program
The Company’s exploration plan includes three primary components:
Complete ~2,500 meters of diamond drilling, including downhole surveys, to target the open western copper mineralization extensions of the Murray Brook deposit (see Figure A).
An untested stringer zone horizon adjacent to the known deposit was discovered in 2019 and hole MB-2019-01 returned 26.4 meters grading 1.35% Cu, 19 g/t Ag, and 0.75 Zn starting from 26 meters of surface. These intersections remain largely open and are the focus of this 2,500 meter program. Other western boundary drill hole intersections can be found here or Table A below.
The Company has engaged Earth Ex Geophysical Solutions Inc. (“EarthEx”) to compile modern exploration data sets and assist in target generation (Phase 1). Further, the objective is to improve the understanding of subsurface geological controls and to assist in refining drill and regional exploration activities. It is expected that new surveys and geophysical interpretations will occur once the 1st phase is complete.
Complete a five-month regional exploration campaign across the 18 km Caribou Horizon consisting of:
Geologic mapping, chip sampling, and mechanical trenching across currently known target anomalies (Figure B) identified last year at Murray Brook East and West. Additional follow-up exploration is anticipated following the receipt and interpretation of EarthEx geophysical results.
Schedule of Activities
The Company expects to commence the 2,500 meter drill program in Q2, 2026. EarthEx’s Phase 1 is already underway and new geophysical surveys are expected to start in Q2 of 2026, which will be used to assist in refining our five-month regional program starting in early April this year.
Securing 100% Ownership in the Murray Brook West Property
With the final closing of the Raptor Resources Ltd. on January 14th, 2026, Canadian Copper has fulfilled all obligations outlined in the Puma Exploration Option Agreement to acquire the Murray Brook West Project. As a result, the Company will receive title and 100% ownership as outlined in the prior press release on March 4th, 2024 by issuing Puma Exploration 1,179,090[1] Canadian Copper common shares. This transaction will settle in Q1, 2026.
Table A: Previous Significant Copper Results (2017-2019) at Murray Brook Deposit[2]
Figure A: Murray Brook Deposit Exploration Targets
Figure B: Regional Exploration Program at Murray Brook Project
[1] Number of Canadian Copper (“CCI”) shares was calculated based on closing of Raptor transaction (January 14th 2026), the 30 day VWAP ($0.499/share), and the balance outstanding to Puma Exploration per the original Option Agreement ($589,545).
[2] See Press Release: Puma Exploration Inc. dated April 10, 2019, https://explorationpuma.com/en/puma-exploration-discovers-a-new-copper-zone-at-murray-brook-hole-mb19-01-intersected-1-35-cu-19-g-t-ag-and-0-18-g-t-au-over-26-4-meters/.
Qualified Persons
Dominique Gagné, PGeo., is a qualified person as defined by Canadian National Instrument 43-101 standards who is working for Geominex Inc., an independent contractor of the Company. Mr. Gagne has reviewed and approved the geological information reported in this news release.
About Canadian Copper Inc.
Canadian Copper is a Canadian-based mineral exploration company with a copper and base metals portfolio of historical resources and grassroots projects. The Company is focused on the prolific Bathurst Mining Camp (BMC) of New Brunswick, Canada. There are currently 185,777,361 shares issued and outstanding in the Company.
https://canadiancopper.com/canadian-copper-announces-2026-exploration-plans/