CA Market News
2週前
Kodiak Copper Upsizes Financing to C$13.1 MillionJune 2, 2026 3:05 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - June 2, 2026) - Kodiak Copper Corp. (TSXV: KDK) (OTCQX: KDKCF) (FSE: 5DD1) (the "Company" or "Kodiak") announces that, as a result of strong investor demand, the Company and Paradigm Capital Inc. have agreed to increase the size of the Company's previously announced "best efforts" private placement offering pursuant to the Listed Issuer Financing Exemption (as defined herein) of up to approximately C$13.1 million (the "Offering") (see news release June 1st, 2026). Paradigm Capital Inc. is acting as lead agent and sole bookrunner for the Offering, on its own behalf and on behalf of a syndicate of agents (the "Agents"). The upsized Offering will consist of:(i) up to 8,339,900 charity flow-through common shares of the Company (the "Charity FT Shares") which will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "ITA")), at a price of C$1.271 per Charity FT Share for gross proceeds of up to approximately C$10.6 million; and (ii) up to 3,048,900 common shares of the Company (the "HD Shares", and together with the Charity FT Shares, the "Offered Securities"), at a price of C$0.82 per HD Share for gross proceeds of up to approximately C$2.5 million.In addition, the Company has granted the Agents an option (the "Agents' Option") to sell that number of additional HD Shares and/or Charity FT Shares at their respective issue prices for amended additional proceeds of up to 15% of the aggregate gross proceeds of the Offering, exercisable by the Agents up to 48 hours prior to the closing of the Offering. The Offering will be completed pursuant to the terms of an agency agreement to be entered into among the Company and the Agents.The net proceeds from the issue of the HD Shares will be used for working capital and general corporate purposes. The Company will use an amount equal to the gross proceeds received by the Company from the sale of the Charity FT Shares to incur eligible "Canadian exploration expenses" (as defined in the ITA) that qualify as "flow-through critical mineral mining expenditures" (as defined in the ITA) and as "BC flow-through mining expenditures" as ?defined in the Income Tax Act (British Columbia) (the "Qualifying Expenditures") related to the Company's projects in British Columbia, on or before December 31, 2027, and to renounce all the Qualifying Expenditures in favour of the initial subscribers of the Charity FT Shares effective December 31, 2026. In the event that the Company does not renounce on or prior to December 31, 2026 Qualifying Expenditures in an amount equal to the issue price of the Charity FT Shares for each Charity FT Share purchased and/or if the amount of the Qualifying Expenditures are reduced by the Canada Revenue Agency, the Company will indemnify each Charity FT Share subscriber for any additional taxes payable by such subscriber as a result of the Company's failure to renounce the Qualifying Expenditures or as a result of the reduction as agreed.The Offering is expected to close on or about June 25, 2026, or such other date as the Company and the Agents may agree and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the acceptance of the TSX Venture Exchange (the "TSXV").Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the Charity FT Shares and HD Shares issuable under the Offering will be offered for sale to purchasers resident in each of the provinces of Canada, except Québec, and/or other qualifying jurisdictions, which may include subsequent purchasers, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Listed Issuer Financing Exemption"). Because the Offering is being completed pursuant to the Listed Issuer Financing Exemption, the Offered Securities issued in the Offering will not be subject to a hold period pursuant to applicable Canadian securities laws. Certain insiders and shareholders of the Company are expected to participate in the Offering and the participation of insiders will be considered a related party transaction subject to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under subsections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the Offering, insofar as it involves the insiders, will exceed 25% of the Company's market capitalization (as determined under MI 61-101).The Offered Securities have not been and will not be registered under the United States ?Securities Act of 1933, as amended, or any U.S. state securities laws, and may not be offered or ?sold in the United States absent registration or available exemptions from such registration ?requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.?There is an amended and restated offering document related to the Offering (the "Offering Document") that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at https://kodiakcoppercorp.com/life-offering-06-02-2026/. Prospective investors should read this Offering Document before making an investment decision concerning the Offered Securities.On behalf of the Board of Directors
Kodiak Copper Corp.Claudia Tornquist
President & CEO For further information contact:
Nancy Curry, VP Corporate Development
ncurry @shadowwAbout Kodiak Copper Corp.Kodiak is focused on advancing its copper porphyry projects in Canada and the USA, which host known mineral discoveries with the potential to hold large-scale deposits. Kodiak Copper's most advanced asset is the 100% owned MPD copper-gold porphyry project in the prolific Quesnel Terrane in south-central British Columbia, Canada, an established mining region with producing mines and excellent infrastructure. MPD exhibits all the hallmarks of a large, multi-centered porphyry district with the potential for future economic development. The initial Mineral Resource Estimate published in 2025 outlines seven substantial deposits and underscores the scale and potential of the project. All known deposits remain open to expansion, and numerous targets across the property have yet to be tested. Kodiak continues to systematically explore MPD's district-scale potential with the goal of delivering new discoveries and building further critical mass toward being the region's next mine. The Company also holds the Mohave copper-molybdenum-silver porphyry project in Arizona, USA, near the world-class Bagdad mine. Kodiak's founder and Chairman is Chris Taylor who is well-known for his gold discovery success with Great Bear Resources. Kodiak is also part of Discovery GroupTM led by John Robins, one of the most successful mining entrepreneurs in Canada.Neither 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 Statement (Safe Harbor Statement): This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words "anticipate", "plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict", "potential" and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning the Company's exploration plans; the exercise of the Agents' Option by the Agents; the use of proceeds from the Offering; the receipt of TSXV approval to the Offering; the closing of the Offering and the timing thereof; the tax treatment of the Charity FT Shares; the expected incurrence by the Company of eligible "Canadian exploration expenses" that will qualify as "flow-through critical mineral mining expenditures" and as "BC flow-through mining expenditures"; the renunciation by the Company of the Qualifying Expenditures to each initial subscriber of Charity FT Shares effective no later than December 31, 2026; and other expected tax implications in respect of the Offering. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with conditions in the equity financing markets, and assumptions and risks regarding receipt of regulatory and shareholder approvals.Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company's future operations. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/299866 Original: Kodiak Copper Upsizes Financing to C$13.1 Million
CA Market News
2週前
Kodiak Copper Announces C$10 Million FinancingJune 1, 2026 4:07 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - June 1, 2026) - Kodiak Copper Corp. (TSXV: KDK) (OTCQX: KDKCF) (FSE: 5DD1) (the "Company" or "Kodiak") announces that it has entered into an agreement with Paradigm Capital Inc., as lead agent and sole bookrunner, on its own behalf and on behalf of a syndicate of agents (the "Agents"), in connection with a "best efforts" private placement offering pursuant to the Listed Issuer Financing Exemption (as defined herein), for aggregate gross proceeds to the Company of up to C$10 million (the "Offering"). The Offering consists of: (i) up to 6,295,000 charity flow-through common shares of the Company (the "Charity FT Shares") which will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "ITA")), at a price of C$1.271 per Charity FT Share for gross proceeds of up to C$8,000,945; and (ii) up to 2,440,000 common shares of the Company (the "HD Shares", and together with the Charity FT Shares, the "Offered Securities"), at a price of C$0.82 per HD Share for gross proceeds of up to C$2,000,800.In addition, the Company has granted the Agents an option (the "Agents' Option") to sell that number of additional HD Shares and/or Charity FT Shares at their respective issue prices for additional proceeds of up to C$1,500,000 exercisable by the Agents up to 48 hours prior to the closing of the Offering. The Offering will be completed pursuant to the terms of an agency agreement to be entered into among the Company and the Agents.The net proceeds from the issue of the HD Shares will be used for working capital and general corporate purposes. The Company will use an amount equal to the gross proceeds received by the Company from the sale of the Charity FT Shares to incur eligible "Canadian exploration expenses" (as defined in the ITA) that qualify as "flow-through critical mineral mining expenditures" (as defined in the ITA) and as "BC flow-through mining expenditures" as ?defined in the Income Tax Act (British Columbia) (the "Qualifying Expenditures") related to the Company's projects in British Columbia, on or before December 31, 2027, and to renounce all the Qualifying Expenditures in favour of the initial subscribers of the Charity FT Shares effective December 31, 2026. In the event that the Company does not renounce on or prior to December 31, 2026 Qualifying Expenditures in an amount equal to the issue price of the Charity FT Shares for each Charity FT Share purchased and/or if the amount of the Qualifying Expenditures are reduced by the Canada Revenue Agency, the Company will indemnify each Charity FT Share subscriber for any additional taxes payable by such subscriber as a result of the Company's failure to renounce the Qualifying Expenditures or as a result of the reduction as agreed.The Offering is expected to close on or about June 25, 2026, or such other date as the Company and the Agents may agree and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the acceptance of the TSX Venture Exchange (the "TSXV").Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the Charity FT Shares and HD Shares issuable under the Offering will be offered for sale to purchasers resident in each of the provinces of Canada, except Québec, and/or other qualifying jurisdictions, which may include subsequent purchasers, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Listed Issuer Financing Exemption"). Because the Offering is being completed pursuant to the Listed Issuer Financing Exemption, the Offered Securities issued in the Offering will not be subject to a hold period pursuant to applicable Canadian securities laws. Certain insiders and shareholders of the Company are expected to participate in the Offering and the participation of insiders will be considered a related party transaction subject to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under subsections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the Offering, insofar as it involves the insiders, will exceed 25% of the Company's market capitalization (as determined under MI 61-101).The Offered Securities have not been and will not be registered under the United States ?Securities Act of 1933, as amended, or any U.S. state securities laws, and may not be offered or ?sold in the United States absent registration or available exemptions from such registration ?requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.?There is an offering document related to the Offering (the "Offering Document") that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at https://kodiakcoppercorp.com/life-offering-06-01-2026/. Prospective investors should read this Offering Document before making an investment decision concerning the Offered Securities.On behalf of the Board of Directors
Kodiak Copper Corp.Claudia Tornquist
President & CEO For further information contact:
Nancy Curry, VP Corporate Development
ncurry @shadowwAbout Kodiak Copper Corp.Kodiak is focused on advancing its copper porphyry projects in Canada and the USA, which host known mineral discoveries with the potential to hold large-scale deposits. Kodiak Copper's most advanced asset is the 100% owned MPD copper-gold porphyry project in the prolific Quesnel Terrane in south-central British Columbia, Canada, an established mining region with producing mines and excellent infrastructure. MPD exhibits all the hallmarks of a large, multi-centered porphyry district with the potential for future economic development. The initial Mineral Resource Estimate published in 2025 outlines seven substantial deposits and underscores the scale and potential of the project. All known deposits remain open to expansion, and numerous targets across the property have yet to be tested. Kodiak continues to systematically explore MPD's district-scale potential with the goal of delivering new discoveries and building further critical mass toward being the region's next mine. The Company also holds the Mohave copper-molybdenum-silver porphyry project in Arizona, USA, near the world-class Bagdad mine. Kodiak's founder and Chairman is Chris Taylor who is well-known for his gold discovery success with Great Bear Resources. Kodiak is also part of Discovery Group led by John Robins, one of the most successful mining entrepreneurs in Canada.Neither 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 Statement (Safe Harbor Statement): This press release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words "anticipate", "plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict", "potential" and similar expressions are intended to identify forward-looking statements. In particular, this press release contains forward-looking statements concerning the Company's exploration plans; the exercise of the Agents' Option by the Agents; the use of proceeds from the Offering; the receipt of TSXV approval to the Offering; the closing of the Offering and the timing thereof; the tax treatment of the Charity FT Shares; the expected incurrence by the Company of eligible "Canadian exploration expenses" that will qualify as "flow-through critical mineral mining expenditures" and as "BC flow-through mining expenditures"; the renunciation by the Company of the Qualifying Expenditures to each initial subscriber of Charity FT Shares effective no later than December 31, 2026; and other expected tax implications in respect of the Offering. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward-looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with conditions in the equity financing markets, and assumptions and risks regarding receipt of regulatory and shareholder approvals.Management has provided the above summary of risks and assumptions related to forward-looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company's future operations. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/299696 Original: Kodiak Copper Announces C$10 Million Financing
CA Market News
2月前
Kodiak Commences 2026 Exploration Program at the MPD Copper-Gold Porphyry ProjectApril 28, 2026 6:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 28, 2026) - Kodiak Copper Corp. (TSXV: KDK) (OTCQX: KDKCF) (FSE: 5DD1) (the "Company" or "Kodiak") today reports that the Company has commenced its fully-funded 2026 exploration program at its 100% owned MPD copper-gold porphyry project in southern British Columbia. The program will include drilling aimed at expanding the recently completed initial Mineral Resource Estimate ("MRE"), and field investigations to advance multiple exploration targets with the potential for new discoveries.The 2026 field program will involve core drilling, 3D induced polarization (IP) and audio- magnetotelluric (AMT) geophysical surveying, geological mapping and prospecting. Core drilling will commence at the Ketchan deposit, which has not previously been drilled by Kodiak. The 2026 drill program is anticipated to total 6,500 metres, with scope for expansion as the program progresses. Further exploration activities will focus on target evaluation and prioritisation in support of drill planning, on both the known deposits and prospective exploration targets of interest. Examples of priority areas, based on the current data available, are included below.2026 Exploration Program Highlights (see news release April 9, 2026)Kodiak has identified opportunities to expand all seven deposits in the MRE, including potential extensions beyond the current mineralized zones and gaps within the MRE models.It is expected that most of the seven deposits will be drilled in 2026, with drill metre allocation guided and refined based on ongoing results. The growth potential of the Ketchan (Figures 1, 2 & 3), Adit (Figures 1 & 4) and Dillard (Figures 1 & 5) deposits is provided below.Kodiak has also identified 16 new exploration targets at MPD, including historical showings on recently acquired claims, prospects from 2025 regional exploration program and Areas of Interest generated by VRIFY Artificial Intelligence (AI) assisted targeting.To date, the total number of prospective targets identified for follow-up is now 36, highlighting the continued exploration upside and discovery potential on the MPD Project.Kodiak plans to advance or drill several of these compelling targets in 2026, including the Dillard East, Star and Tau targets presented in this news release (Figures 1, 6 & 7).Claudia Tornquist, President and CEO of Kodiak, said, "We are pleased to commence our 2026 exploration program at MPD, building on the success of last year's maiden resource. Our focus is to expand known deposits and advance a strong pipeline of high-quality targets that offer meaningful discovery potential. With a clear path to resource growth and new discoveries, we believe this program will be a key driver in unlocking further value at MPD."Figure 1: 2026 Target Location Map - MPD Project, Southern BC To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3803/294508_400cde9264abda4a_002full.jpgKetchan Deposit - Expansion PotentialThe Ketchan deposit consists of two lobes that are defined over a total length of approximately 1.4 kilometres. The deposit was developed entirely using historic drilling by previous operators and will be drilled for the first time by Kodiak in 2026. Mineralization was noted in holes well beyond the extent of the MRE, however not all holes could be included due to insufficient drill hole density.In addition, Kodiak's 2025 regional exploration confirmed a well-defined copper-in-soil anomaly along more than two kilometres of strike length, significantly beyond the current limits of the MRE (see news release February 24, 2026).A priority area for potential expansion is to the southeast of the MRE where historic drilling at surface intersected substantial mineralization approximately 400 metres from the current deposit (Figure 2 & 3). The gap between the north and south lobes also has limited drilling and is highlighted by anomalous rock and copper-in-soil results.Data from numerous rock samples, soil samples, 3D - Induced Polarization surveys, geology and drilling suggest the deposit can also be expanded in multiple other areas.Figure 2: Ketchan Deposit Long-SectionTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3803/294508_400cde9264abda4a_003full.jpgFigure 3: Ketchan Deposit - Target Areas for Resource ExpansionTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3803/294508_400cde9264abda4a_004full.jpgAdit Deposit - Expansion PotentialMultiple data sets (drilling, soil, geophysics) suggest there is potential to extend the Adit deposit to the north and west.200 metres north of the MRE, two holes drilled by Kodiak intersected mineralization in an area with very limited drill testing (see news release November 19, 2024).One of the Kodiak holes was drilled towards a VRIFY AI Area of Interest (AOI) to the west of the Adit deposit. The AOI is also associated with a moderate copper-in-soil anomaly. The drill hole intersected four metres of 0.64% Cu and 0.14g/t Au at the end of the hole before the hole was lost. A coincident copper-in-soil anomaly and 3D - Induced Polarization chargeability anomaly located to the northeast of the Adit deposit is also a priority area for follow-up. The anomaly extends 400 metres to the north of the deposit, and results from a 2024 drill hole confirm mineralization is present in the area.Figure 4: Adit Deposit Target Areas for Resource ExpansionTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3803/294508_400cde9264abda4a_005full.jpgDillard Deposit - Expansion PotentialThe Dillard area is associated with a large mineralization envelope that has been drilled over an area of 1 km2, extending well beyond the currently defined deposit (Figure 4).Drill hole density is low and there are numerous areas where soil, rock and geophysical data suggest the deposit could be extended.Areas to the west and east of Dillard are the most prospective, however gaps internal to the deposit also have potential. Of particular interest is the west side of the deposit where rock samples have returned assay values ranging from 0.4% Cu to 0.8% Cu. These samples are also associated with copper-in-soil and chargeability anomalies, both of which are located well outside the current edge of the deposit.Figure 5: Dillard Deposit Target Areas for Resource ExpansionTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3803/294508_400cde9264abda4a_006full.jpgDillard East and Star Exploration TargetsKodiak has identified several large 3D - Induced Polarization (3D-IP) chargeability features at both the Dillard East and Star target areas (Figure 6). A two-kilometre-long northeast trending chargeability high transects the large circular copper-in soil signatures that characterise both the Dillard East and Star targets (Figure 6)In addition to the soil and 3D-IP anomalies, the targets are associated with at least 20 prospecting samples taken by Kodiak assaying >0.3% copper and/or >0.5 g/t gold. Similarly, a second, one-kilometre-long 3D-IP response can be seen on the southeast flank of the large circular copper-in-soil geochemical signature at Dillard East.The Dillard East and Star targets have not yet been drilled by Kodiak.Figure 6: Dillard East & Star Drill Targets To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3803/294508_400cde9264abda4a_007full.jpgTau Drill Target The Tau target, which is located along trend of the South deposit, is associated with a copper-in-soil anomaly in an area where outcrop is limited (Figure 7). A prominent VRIFY AI Area of Interest is also coincident with the Tau soil anomaly. The target has never been drill tested. Further geophysics is planned in anticipation of drilling in 2026.Figure 7: Tau Drill TargetTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3803/294508_400cde9264abda4a_008full.jpgDave Skelton, P.Geo., Vice President Exploration and a Qualified Person as defined by National Instrument 43-101, has approved and verified the technical information in this news release. The company has not independently validated the historical results referenced herein, therefore the reader is cautioned about the accuracy of the data. On behalf of the Board of Directors
Kodiak Copper Corp.Claudia Tornquist
President & CEOFor further information contact:
Nancy Curry, VP Corporate Development
ncurry @shadowwAbout Kodiak Copper Corp.Kodiak is focused on advancing its copper porphyry projects in Canada and the USA, which host known mineral discoveries with the potential to hold large-scale deposits. Kodiak Copper's most advanced asset is the 100% owned MPD copper-gold porphyry project in the prolific Quesnel Terrane in south-central British Columbia, Canada, an established mining region with producing mines and excellent infrastructure. MPD exhibits all the hallmarks of a large, multi-centered porphyry district with the potential for future economic development. The initial Mineral Resource Estimate published in 2025 outlines seven substantial deposits and underscores the scale and potential of the project. All known deposits remain open to expansion, and numerous targets across the property have yet to be tested. Kodiak continues to systematically explore MPD's district-scale potential with the goal of delivering new discoveries and building further critical mass toward being the region's next mine. Kodiak's founder and Chairman is Chris Taylor who is well-known for his gold discovery success with Great Bear Resources. Kodiak is also part of Discovery Group led by John Robins, one of the most successful mining entrepreneurs in Canada.Neither 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 Statement (Safe Harbor Statement): This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words "anticipate", "plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict", "potential" and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning the Company's exploration plans. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with conditions in the equity financing markets, and assumptions and risks regarding receipt of regulatory and shareholder approvals.Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company's future operations. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294508
Original: Kodiak Commences 2026 Exploration Program at the MPD Copper-Gold Porphyry Project
CommodityCoverage
2月前
Posted on behalf of Kodiak Copper Corp – Set to launch its 2026 exploration program at the MPD project in April, Kodiak Copper (KDK.v KDKCF) is combining drilling with geophysics, soil sampling, mapping, and prospecting to advance both resource growth and new discoveries: "With a clear path to both resource growth and new discoveries, we are well positioned to unlock significant value," President & CEO, Claudia Tornquist, comments on the company's 2026 exploration plans at the MPD Copper-Gold Project, which are expected to start this month.
Read… pic.twitter.com/7ENyhAO5hz— Kodiak Copper (@KodiakCopperCo) April 20, 2026
With 16 new targets added this year and a total of 36 prospective targets across the district, the ~6,500m drill program, with potential to expand, will focus on growing the maiden resource across all seven deposits, alongside testing extensions, gaps, and newly identified targets.
CA Market News
2月前
Kodiak Announces 2026 Exploration Plans and Drill Targets for the MPD Copper-Gold ProjectApril 9, 2026 6:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 9, 2026) - Kodiak Copper Corp. (TSXV: KDK) (OTCQX: KDKCF) (FSE: 5DD1) (the "Company" or "Kodiak") today provides guidance on the 2026 exploration program at its 100% owned MPD copper-gold porphyry project in southern British Columbia.HighlightsKodiak's 2026 exploration program is planned to commence in April and will include a substantial drill program complemented by geophysical surveys, soil sampling, prospecting and mapping. Drilling will focus on growing the recent Initial Mineral Resource Estimate (MRE) and will also test several prospective exploration targets with the potential for new discoveries.Kodiak has identified opportunities to expand all seven deposits in the MRE, including potential extensions beyond the current mineralized zones and gaps within the MRE models.Drilling will start at the Ketchan deposit and we expect that most of the seven deposits will be drilled in 2026, with drill metre allocation guided and refined based on ongoing results. The growth potential of the Ketchan (Figures 1, 2 & 3), Adit (Figures 1 & 4) and Dillard (Figures 1 & 5) deposits is provided below.The drill program is anticipated to total 6,500 metres, with scope for expansion as the program progresses. Kodiak has also identified 16 new exploration targets at MPD, including historical showings on recently acquired claims, prospects from 2025 regional exploration program and Areas of Interest generated by VRIFY Artificial Intelligence (AI) assisted targeting.To date, the total number of prospective targets identified for follow-up is now 36, highlighting the continued exploration upside and discovery potential on the MPD Project.Kodiak plans to advance or drill several of these compelling targets in 2026, including the Dillard East, Star and Tau targets presented in this news release (Figures 1, 6 & 7).Claudia Tornquist, President and CEO of Kodiak said, "We are looking forward to the start of our 2026 exploration program at MPD. Building on the success of previous campaigns, we see substantial upside across several of our deposits and the opportunity to meaningfully expand our maiden Resource. At the same time, we are excited about the numerous high-quality targets across the project that remain untested and offer compelling discovery potential. With a clear path to both resource growth and new discoveries, we are well positioned to unlock significant value as we execute on this highly impactful exploration program with the aim to meaningfully grow the scale of the project."Figure 1: 2026 Target Location Map - MPD Project, Southern BC To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3803/291706_bdee0d1f44c7d9ff_002full.jpgKetchan Deposit - Expansion PotentialThe Ketchan deposit consists of two lobes that are defined over a total length of approximately 1.4 kilometres. The deposit was developed entirely using historic drilling by previous operators and will be drilled for the first time by Kodiak in 2026. Mineralization was noted in holes well beyond the extent of the MRE, however not all holes could be included due to insufficient drill hole density.In addition, Kodiak's 2025 regional exploration confirmed a well-defined copper-in-soil anomaly along more than two kilometres of strike length, significantly beyond the current limits of the MRE (see news release February 24, 2026).A priority area for potential expansion is to the southeast of the MRE where historic drilling at surface intersected substantial mineralization approximately 400 metres from the current deposit (Figure 2 & 3). The gap between the north and south lobes also has limited drilling and is highlighted by anomalous rock and copper-in-soil results.Data from numerous rock samples, soil samples, 3D - Induced Polarization surveys, geology and drilling suggest the deposit can also be expanded in multiple other areas.
Figure 2: Ketchan Deposit Long-Section
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3803/291706_bdee0d1f44c7d9ff_003full.jpg
Figure 3: Ketchan Deposit - Target Areas for Resource ExpansionTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3803/291706_bdee0d1f44c7d9ff_004full.jpgAdit Deposit - Expansion PotentialMultiple data sets (drilling, soil, geophysics) suggest there is potential to extend the Adit deposit to the north and west.200 metres north of the MRE, two holes drilled by Kodiak intersected mineralization in an area with very limited drill testing (see news release November 19, 2024).One of the Kodiak holes was drilled towards a VRIFY AI Area of Interest (AOI) to the west of the Adit deposit. The AOI is also associated with a moderate copper-in-soil anomaly. The drill hole intersected four metres of 0.64% Cu and 0.14g/t Au at the end of the hole before the hole was lost. A coincident copper-in-soil anomaly and 3D - Induced Polarization chargeability anomaly located to the northeast of the Adit deposit is also a priority area for follow-up. The anomaly extends 400 metres to the north of the deposit, and results from a 2024 drill hole confirm mineralization is present in the area.
Figure 4: Adit Deposit Target Areas for Resource ExpansionTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3803/291706_bdee0d1f44c7d9ff_005full.jpgDillard Deposit - Expansion PotentialThe Dillard area is associated with a large mineralization envelope that has been drilled over an area of 1 km2, extending well beyond the currently defined deposit (Figure 4).Drill hole density is low and there are numerous areas where soil, rock and geophysical data suggest the deposit could be extended.Areas to the west and east of Dillard are the most prospective, however gaps internal to the deposit also have potential. Of particular interest is the west side of the deposit where rock samples have returned assay values ranging from 0.4% Cu to 0.8% Cu. These samples are also associated with copper-in-soil and chargeability anomalies, both of which are located well outside the current edge of the deposit. Figure 5: Dillard Deposit Target Areas for Resource ExpansionTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3803/291706_bdee0d1f44c7d9ff_006full.jpgDillard East and Star Exploration TargetsKodiak has identified several large 3D - Induced Polarization (3D-IP) chargeability features at both the Dillard East and Star target areas (Figure 6). A two-kilometre-long northeast trending chargeability high transects the large circular copper-in soil signatures that characterise both the Dillard East and Star targets (Figure 6)In addition to the soil and 3D-IP anomalies, the targets are associated with at least 20 prospecting samples taken by Kodiak assaying >0.3% copper and/or >0.5 g/t gold. Similarly, a second, one-kilometre-long 3D-IP response can be seen on the southeast flank of large circular copper-in-soil geochemical signature at Dillard East.The Dillard East and Star targets have not yet been drilled by Kodiak.Figure 6: Dillard East & Star Drill Targets To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3803/291706_bdee0d1f44c7d9ff_007full.jpgTau Drill Target The Tau target, which is located along trend of the South deposit, is associated with a copper-in-soil anomaly in an area where outcrop is limited (Figure 7). A prominent VRIFY AI Area of Interest is also coincident with the Tau soil anomaly. The target has never been drill tested. Further geophysics is planned in anticipation of drilling in 2026.
Figure 7: Tau Drill TargetTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3803/291706_bdee0d1f44c7d9ff_008full.jpgDave Skelton, P.Geo., Vice President Exploration and a Qualified Person as defined by National Instrument 43-101, has approved and verified the technical information in this news release. The company has not independently validated the historical results referenced herein, therefore the reader is cautioned about the accuracy of the data. On behalf of the Board of Directors
Kodiak Copper Corp.Claudia Tornquist
President & CEOFor further information contact:
Nancy Curry, VP Corporate Development
ncurry @shadowwAbout Kodiak Copper Corp.Kodiak is focused on advancing its copper porphyry projects in Canada and the USA, which host known mineral discoveries with the potential to hold large-scale deposits. Kodiak Copper's most advanced asset is the 100% owned MPD copper-gold porphyry project in the prolific Quesnel Terrane in south-central British Columbia, Canada, an established mining region with producing mines and excellent infrastructure. MPD exhibits all the hallmarks of a large, multi-centered porphyry district with the potential for future economic development. The initial Mineral Resource Estimate published in 2025 outlines seven substantial deposits and underscores the scale and potential of the project. All known deposits remain open to expansion, and numerous targets across the property have yet to be tested. Kodiak continues to systematically explore MPD's district-scale potential with the goal of delivering new discoveries and building further critical mass toward being the region's next mine. Kodiak's founder and Chairman is Chris Taylor who is well-known for his gold discovery success with Great Bear Resources. Kodiak is also part of Discovery Group led by John Robins, one of the most successful mining entrepreneurs in Canada.Neither 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 Statement (Safe Harbor Statement): This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words "anticipate", "plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict", "potential" and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning the Company's exploration plans. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with conditions in the equity financing markets, and assumptions and risks regarding receipt of regulatory and shareholder approvals.Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company's future operations. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/291706
Original: Kodiak Announces 2026 Exploration Plans and Drill Targets for the MPD Copper-Gold Project
CA Market News
2月前
Kodiak Appoints Marcus Chalk to Board, Enhancing Strategic and Financial ExpertiseApril 7, 2026 6:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 7, 2026) - Kodiak Copper Corp. (TSXV: KDK) (OTCQX: KDKCF) (FSE: 5DD1) (the "Company" or "Kodiak") announces the appointment of Mr. Marcus Chalk to its Board of Directors, effective April 6, 2026. Claudia Tornquist, President and CEO of Kodiak, said, "We are very pleased to welcome Marcus to Kodiak's Board of Directors. His impressive international track record in the financial sector and his wealth of experience in capital markets, strategy & M&A will truly benefit our Board. Marcus's insights and perspective will further strengthen our leadership team and position Kodiak for the next phase of growth and value creation for our shareholders."Mr. Chalk has over 30 years' experience as a leading strategic and capital markets advisor in the global metals and mining industry. He is the founder and managing director of GenCap Mining Advisory. Prior to founding GenCap, he spent 14 years leading the Vancouver mining investment banking team at Scotiabank and worked at Macquarie North America (Toronto and Vancouver) and CIBC Wood Gundy (Toronto, Sydney and Vancouver) prior to that. Mr. Chalk is an Independent Director of P2 Gold Inc. and served as an Independent Director at Fireweed Metals Corp. He holds both an Honours Business Administration degree and a BA in Economics degree from the University of Western Ontario and is a CFA Charterholder.Kodiak has granted 200,000 Options to Mr. Chalk, exercisable at C$0.85 per share for a period of five years from the date of grant with 1/3 vesting immediately and 1/3 every year thereafter. The Options were granted pursuant to the Company's shareholder approved stock option plan and are subject to the policies of the TSX Venture Exchange and any applicable regulatory hold periods.On behalf of the Board of Directors
Kodiak Copper Corp.Claudia Tornquist
President & CEOFor further information contact:
Nancy Curry, VP Corporate Development
ncurry @shadowwAbout Kodiak Copper Corp.Kodiak is focused on advancing its copper porphyry projects in Canada and the USA, which host known mineral discoveries with the potential to hold large-scale deposits. Kodiak Copper's most advanced asset is the 100% owned MPD copper-gold porphyry project in the prolific Quesnel Terrane in south-central British Columbia, Canada, an established mining region with producing mines and excellent infrastructure. MPD exhibits all the hallmarks of a large, multi-centered porphyry district with the potential for future economic development. The initial Mineral Resource Estimate published in 2025 outlines seven substantial deposits and underscores the scale and potential of the project. All known deposits remain open to expansion, and numerous targets across the property have yet to be tested. Kodiak continues to systematically explore MPD's district-scale potential with the goal of delivering new discoveries and building further critical mass toward being the region's next mine. Kodiak's founder and Chairman is Chris Taylor who is well-known for his gold discovery success with Great Bear Resources. Kodiak is also part of Discovery Group led by John Robins, one of the most successful mining entrepreneurs in Canada.Neither 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 Statement (Safe Harbor Statement): This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words "anticipate", "plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict", "potential" and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning the Company's exploration plans. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with conditions in the equity financing markets, and assumptions and risks regarding receipt of regulatory and shareholder approvals.Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company's future operations. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwiseTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/291354
Original: Kodiak Appoints Marcus Chalk to Board, Enhancing Strategic and Financial Expertise
CA Market News
3月前
Kodiak Grants Stock OptionsMarch 17, 2026 6:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - March 17, 2026) - Kodiak Copper Corp. (TSXV: KDK) (OTCQX: KDKCF) (FSE: 5DD1) (the "Company" or "Kodiak") announces today the annual grant of stock options (the "Options") to officers, employees, directors, advisors and consultants of the Company. The Options were granted pursuant to the Company's shareholder approved stock option plan and are subject to the policies of the TSX Venture Exchange and any applicable regulatory hold periods.Kodiak has granted 2,044,000 Options exercisable at C$0.92 per share for a period of five years from the date of grant with 1/3 vesting immediately and 1/3 every year thereafter. Additional 25,000 Options exercisable at C$0.92 per share were granted to a consultant of the Company for a period of one year which will vest in four equal installments over 12 months. On behalf of the Board of Directors
Kodiak Copper Corp.Claudia Tornquist
President & CEOFor further information contact:
Nancy Curry, VP Corporate Development
ncurry @shadowwAbout Kodiak Copper Corp.Kodiak is focused on advancing its copper porphyry projects in Canada and the USA, which host known mineral discoveries with the potential to hold large-scale deposits. Kodiak Copper's most advanced asset is the 100% owned MPD copper-gold porphyry project in the prolific Quesnel Terrane in south-central British Columbia, Canada, an established mining region with producing mines and excellent infrastructure. MPD exhibits all the hallmarks of a large, multi-centered porphyry district with the potential for future economic development. The initial Mineral Resource Estimate published in 2025 outlines seven substantial deposits and underscores the scale and potential of the project. All known deposits remain open to expansion, and numerous targets across the property have yet to be tested. Kodiak continues to systematically explore MPD's district-scale potential with the goal of delivering new discoveries and building further critical mass toward being the region's next mine. Kodiak's founder and Chairman is Chris Taylor who is well-known for his gold discovery success with Great Bear Resources. Kodiak is also part of Discovery Group led by John Robins, one of the most successful mining entrepreneurs in Canada.Neither 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 Statement (Safe Harbor Statement): This press release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words "anticipate", "plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict", "potential" and similar expressions are intended to identify forward-looking statements. In particular, this press release contains forward-looking statements concerning the Company's exploration plans. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward-looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with conditions in the equity financing markets, and assumptions and risks regarding receipt of regulatory and shareholder approvals.Management has provided the above summary of risks and assumptions related to forward-looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company's future operations. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288728
Original: Kodiak Grants Stock Options