Bell Copper Corporation【BCU】株式ニュース

Cordoba 51% Earn-in Completed, 2026 Perseverance Arizona Porphyry Exploration Program AnnouncedJune 8, 2026 7:44 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - June 8, 2026) - Bell Copper Corporation (TSXV: BCU) (OTCQB: BCUFF) ("Bell Copper" or the "Company") reports that the Company and its joint venture partner, Cordoba Minerals Corp. (TSXV: CDB) (OTCQB: CBDMF) ("Cordoba"), have approved a 2026 exploration program of 1,700m of drilling at the Perseverance Copper Project in Arizona, USA. Cordoba is also confirming today that its earn-in at the Perseverance Copper Project has ended without Cordoba earning an additional interest, meaning the Project is a 51/49 joint venture with Bell Copper.Cordoba completes 51% earn-in of Bell's Perseverance Porphyry Copper Project, ArizonaJV approves 2026 US$ 1.7 million, 1700-meter drilling program for supergene copperBell Copper drilling K-24 to test stacked MT target and faulted Big Sandy analogue targetThe Perseverance Copper Project is located in Arizona's Copper Triangle, a Tier 1 jurisdiction with major copper deposits and mines. The Project is located 50 miles north northwest of Freeport McMoRan's Bagdad Copper Mine, approximately 19 miles southeast of Kingman, Arizona, and 150 miles northwest of Phoenix, with a land package comprising more than 19,000 acres.Figure 1: Location of the Perseverance Copper Project, ArizonaTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2825/300380_9c0b8e574462bbf2_001full.jpg2026 Exploration Program at Perseverance tests Potential for Supergene Enrichment at DepthThe 2026 exploration program will seek to deepen 3 existing drill holes (originally drilled by Rio Tinto) to new depths:K-23: Current ending depth 590m, deepening 500m to 1,100m total depthK-19: Current ending depth 420m, deepening 700m to 1,100m total depthK-13: Current ending depth 424m, deepening 500m to 900m total depthHole K-23 originally drilled through young valley fill gravels and into a thick basalt layer and terminated in a hematite-stained leached cap.Hole K-19 also drilled through alluvial cover and hit Laramide age granite porphyry at 250m, heavily stained by hematite and goethite indicative of a leached cap. The hole was terminated at 420m in hydrothermal breccia with pyrite and sphalerite in granodiorite porphyry. An induced polarization survey performed by Quantec Geophysics in 2017 for Rio Tinto (who held an option on the property from Bell Copper), shows strong chargeability indicative of sulphide mineralization immediately below where the hole was terminated.Hole K-13 is a 525m step out from K-19. This hole also stopped in hematite, goethite stained leached cap with strong chargeability below where the hole was terminated.The total 2026 exploration program budget is approximately US$1.7M, including up to 1,700m of drilling, of which Bell Copper is responsible for funding 49%. Drilling is not expected to commence until required permits have been obtained, which is not anticipated prior to late Q3 2026.Figure 2: Drill Hole Locations and Plan for the 2026 Exploration Program at the Perseverance Copper ProjectTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2825/300380_9c0b8e574462bbf2_002full.jpgFigure 3: NNW-SSE AA' Cross section through K-15, K-19, K-13 & K-14To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2825/300380_9c0b8e574462bbf2_003full.jpgBell Copper Drilling K-24 to test Stacked MT and Fault Targets with Single HoleIn order to accelerate the exploration of the Perseverance Copper Project, and separately from the 2026 exploration program, Bell Copper, at its discretion and cost, chose to deepen a previously drilled hole for water on a private parcel of land on the eastern limit of the Perseverance land and mineral package. Bell Copper is drilling hole K-24 to test two distinct, stacked targets with a single drillhole. Located immediately to the west of State Highway 93, this hole is drilling through water-saturated sand and gravel deposits in order to test the source of a broad, magnetotelluric (MT) resistivity low potentially indicative of conductive sulphide, and which was originally identified in 2020 ("Eastern MT Anomaly" https://cordobaminerals.com/news/cordoba-minerals-commences-diamond-drilling-at-perseverance-porphyry-copper-project-in-arizona-usa/). The lower of the two targets is the faulted top of the Wheeler Wash porphyry root zone, an analogue of the same fault slip vector (13 kilometers at N70E) that yielded the chalcocite blanket discovery in BS-3 at Bell's Big Sandy project, 30 kilometers to the south.Bell Copper President & CEO Dr. Tim Marsh stated- "Bell Copper is pleased to have Cordoba Minerals, under freshly motivated leadership, as a partner in the exploration of the Laramide porphyry system at Perseverance. Like our Big Sandy copper discovery 30 kilometers to the south, Perseverance offers the opportunity of a globally significant copper discovery in the stable jurisdiction of Arizona. Having future exploration costs at Perseverance reduced by 51% while gaining access to the talent of Cordoba's team is a big win for Bell's shareholders."Cordoba's Interim Chief Executive Officer, Quentin Markin, commented - "With the successful closing of the Alacrán sale now behind us, we are turning our attention to identifying new opportunities for Cordoba while also moving forward with Perseverance. This year's program with Bell Copper will deepen 3 existing drill holes that show the potential for supergene copper enrichment. The three holes were stopped in hematite, goethite-rich, "leached cap" rocks beneath a young, 20-million-year-old basalt flow covering Proterozoic and Laramide basement rocks. In Arizona this is indicative for the potential for copper-rich chalcocite replacing pyrite and chalcopyrite below the leached cap rock. Our goal is to identify the potential for a high-grade copper deposit at Perseverance that can be mined by similar underground mining methods to the Santa Cruz deposit that is currently being developed by Cordoba's majority shareholder, Ivanhoe Electric Inc., at Casa Grande south of Phoenix."Qualified Person
The technical content of this release has been reviewed and approved by Timothy Marsh, PhD, PEng., the Company's CEO and President and a 'Qualified Person' as defined under Canadian National Instrument 43-101.About Bell Copper
Bell Copper is a mineral exploration company focused on the identification, exploration and discovery of large copper deposits located in Arizona. Bell Copper is exploring its 100% owned Big Sandy Porphyry Copper Project and the Perseverance Porphyry Copper Project which is controlled by Cordoba Minerals (51%) with Bell (49%) under a Joint Venture.On behalf of the Board of Directors of
Bell Copper Corporation"Timothy Marsh"Timothy Marsh, President, CEO & DirectorFor further information please contact the Company
Tel: 1 800 418 8250
Email: info@bellcopper.netNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-Looking Statements
This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities legislation, including, but not limited to, the ability of Bell to identify a mineral resource at the Perseverance or Big Sandy Projects. There is no certainty that the present exploration effort will result in the identification of a mineral resource or that any mineral resource that might be discovered will prove to be economically recoverable. All statements included in this news release, other than statements of historical fact, are forward-looking statements. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof. Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which Bell Copper operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. There can be no assurance that such statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include actual exploration results, interpretation of metallurgical characteristics of the mineralization, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators, including those described in the Company's most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300380 Original: Cordoba 51% Earn-in Completed, 2026 Perseverance Arizona Porphyry Exploration Program Announced

Bell Copper Announces Non-Brokered Convertible Debenture Financing with Crescat Capital LLCMarch 6, 2026 7:44 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - March 6, 2026) - Bell Copper Corporation (TSXV: BCU) (OTCQB: BCUFF) ("Bell Copper" or the "Company") is pleased to announce a non-brokered financing ("Financing") of $2,052,000 secured convertible debentures (the "Debentures") arranged through Crescat Portfolio Management LLC and/or its nominees ("Crescat"), one of Bell's largest and longest tenured existing shareholders. The principal sum of each Debenture will be convertible, in whole or in part and at the option of the holder, into common share of the Company ("Shares") for a period of five years from the date of issuance of the Debenture, at a price of C$0.06 per Share until and including the first anniversary of the date of issuance of the Debenture and thereafter at a price of $0.10 per Share.The Debentures will bear interest at a rate of 10% per annum compounded and calculated annually and, subject to conversion into Shares, payable on the earlier of the Maturity Date and the Put Date (as defined below). There will be no prepayment privileges under the Debentures.The Debentures shall be accompanied by 34,200,000 detachable common share purchase warrants (the "Warrants"). Each Warrant will entitle the holder to purchase, for a period of five years from the date of issuance, one Share at a price of C$0.15 per Share.If all or some of the principal sum is converted into Shares, the holder of the Debenture shall also have the right to convert into Shares the interest accrued on such principal sum, at a price per Share equal to the last closing price of the Shares before the day on which the holder gives notice of such conversion to the Company, subject to acceptance of the TSX Venture Exchange ("TSX-V"). Additionally, the Company shall be required to call a meeting of its shareholders, to be held within 75 days of Crescat's request, to seek shareholder approval by ordinary resolution to the creation of a new Control Person (as defined in the policies of the TSX-V) and to use commercially reasonable best efforts to obtain such approval (the "Shareholder Approval"). The certificates representing the Debentures and the Warrants shall contain a blocker provision acceptable to Crescat, prohibiting the conversion of the Debentures or the exercise of the Warrants if such exercise would have the effect of creating a new Control Person unless Shareholder Approval had been obtained.The holder of a Debenture will have a put right allowing it, at its sole discretion exercisable on not less than 10 days' notice on or after the second anniversary of the date of issuance of the Debenture, to require the Company to repay all or part of the outstanding principal sum (the "Put Amount") plus accrued interest on a specified date (the "Put Date"). The Put Date will be deemed the last day for conversion of the Put Amount. If only part of the outstanding principal sum is put, the Company will issue a replacement Debenture for the remaining Principal Sum.Kevin Smith, CEO of Crescat Capital LLC, parent entity of Crescat Portfolio Management LLC commented: "We believe that Bell is on the verge of making a significant copper discovery and we are eager to fully support Bell in building out the deposit at Big Sandy."The Debentures will be secured by a general security agreement granted in favour of Crescat, providing security over all of Bell's present and after acquired personal property, and such other instruments as Crescat is advised should be delivered in order to give Crescat priority as against other creditors in the event of a default by the Company. Without limiting the generality of the foregoing, the Company will pledge to or as directed by Crescat all of the issued and outstanding shares in the capital of each of its subsidiaries.Funds raised from the Financing will be used for the ongoing drilling and exploration program at the Company's 100% owned Big Sandy Porphyry Copper Project and for general working capital. Closing is expected to occur in mid-March, 2026 and shall be subject to receipt of all necessary corporate and regulatory approvals, including approval of the TSX-V. All securities issued in the Financing will be subject to a hold period of four months plus one day from the date of closing of the Financing.The purchase of such Debentures by Crescat shall be considered to be a related-party transaction under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"), but shall be exempted from the requirements to obtain a formal valuation and to obtain minority approval, as the purchase of securities shall not exceed 25% of the Company's market capitalization. The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(1)(a) of MI 61-101.The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to available exemptions therefrom. This release does not constitute an offer to sell or a solicitation of an offer to buy of any securities in the United States.About Crescat Portfolio Management LLCCrescat is a value-driven asset management firm with a global macro thematic overlay. The goal of its activist metals' strategy is to help exploration-focused mining companies create new economic metal deposits in viable mining jurisdictions around the world. The firm's investment process involves a mix of asset classes and strategies to assist with each client's unique needs and objectives and includes Global Macro, Long/Short, and Precious Metals funds.Tim Marsh, Bell's President and CEO, and a Qualified Person as defined by NI43-101, said,
"Bell's grassroots porphyry copper discovery at Big Sandy needs to be measured. Crescat's participation in this Financing shows a continued, solid confidence in Bell and a clear commitment to our corporate strategy."Qualified Person
The technical content of this release has been reviewed and approved by Timothy Marsh, PhD, PEng., the Company's CEO and President. No mineral resource has yet been identified on the Big Sandy Project. There is no certainty that the present exploration effort will result in the identification of a mineral resource or that any mineral resource that might be discovered will prove to be economically recoverable.For further information, please contact the Company
Tel: 1 800 418 8250
Email: info@bellcopper.netAbout Bell Copper
Bell Copper is a mineral exploration company focused on the identification, exploration and discovery of large copper deposits located in Arizona. Bell Copper is exploring its 100% owned Big Sandy Porphyry Copper Project and the Perseverance Porphyry Copper Project which is under a Joint Venture - Earn In.On behalf of the Board of Directors of
Bell Copper Corporation"Timothy Marsh"
Timothy Marsh, President, CEO & DirectorNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-Looking Statements
This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof. Forward-looking statements in this news release include, but are not limited to, statements with respect to the expectations of management regarding the proposed Financing the total funds to be raised under the Financing, the terms of the Debentures, the proposed closing date and the use of proposed proceeds therefrom, the receipt of regulatory approvals and shareholder approval to the creation of a Control Position, the closing conditions and the expiry of hold periods for securities distributed pursuant to the Financing. Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which Bell Copper operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. There can be no assurance that such statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include: that the Company may not complete the Financing on terms favourable to the Company or at all; that the TSX-V may not approve the Financing; that the proceeds of the Financing may not be used as stated in this news release; actual exploration results, interpretation of metallurgical characteristics of the mineralization, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators, including those described in the Company's most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/286469
Original: Bell Copper Announces Non-Brokered Convertible Debenture Financing with Crescat Capital LLC