Mr. David Greenway reports
COPPER ONE RESOURCES CORP. ANNOUNCES CLOSING OF NON-BROKERED UNIT PRIVATE PLACEMENT FOR GROSS PROCEEDS OF $2,500,000
Copper One Resources Corp. has closed its previously announced non-brokered private placement pursuant to the listed issuer financing exemption under Part 5A.2 of National Instrument 45-106, Prospectus Exemptions, consisting of: (i) 2,875,000 non-flow-through (NFT) units of the company at a price of 40 cents per NFT unit for aggregate gross proceeds of $1.15-million; and (ii) 3,375,000 flow-through (FT) units of the company at a price of 40 cents per FT unit for aggregate gross proceeds of $1.35-million, for total aggregate gross proceeds of $2.5-million.
"We are thrilled with the continued support from our shareholders and new investors as we advance Copper One's expanded North American copper exploration portfolio,"
said David Greenway, president and chief executive officer of Copper One.
"With the closing of this financing, Copper One is funded to advance further exploration, including drilling at both of our Canadian copper projects, Redhill and Redonda, each of which was previously drilled by Teck Resources, while also remaining funded for our planned up to 10,000-foot drill program at our flagship Majuba Hill copper-silver-gold project in Nevada. This financing positions the company to move forward with a focused, multiproject exploration strategy at a time when copper continues to play an increasingly important role in electrification, AI infrastructure, renewable energy and grid modernization."
Each NFT unit consists of one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share at a price of 70 cents per common share for a period of 12 months from the date of issuance. If the common shares close at or above 90 cents per common share for a period of five consecutive trading days, the company may accelerate the expiry date of the warrants to 30 days following the date of such notice.
Each FT unit consists of one common share that qualifies as a flow-through share within the meaning of the Income Tax Act (Canada) and one warrant. Each warrant entitles the holder to acquire one additional non-flow-through common share at a price of 70 cents per common share for a period of 12 months from the date of issuance. If the common shares close at or above 90 cents per common share for a period of five consecutive trading days, the company may accelerate the expiry date of the warrants to 30 days following the date of such notice.
The NFT units and FT units issued pursuant to the LIFE offering are not subject to a hold period in accordance with applicable Canadian securities laws.
The net proceeds from the sale of NFT units will be used for exploration and drilling programs, property payments, and general working capital. The net proceeds from the sale of FT units will be used to incur Canadian exploration expenses as defined in Subsection 66.1(6) of the Income Tax Act (Canada) and flow-through critical mineral mining expenditures as defined in Subsection 127(9) of the Income Tax Act (Canada), and the company will renounce such qualifying expenditures to the subscribers of FT shares with an effective date no later than Dec. 31, 2026, in an aggregate amount
not less than the total subscription proceeds received for the FT shares.
In connection with the closing of the LIFE offering, the company paid aggregate cash finders' fees of $111,570 and issued an aggregate of 278,925 non-transferable finders' warrants to eligible arm's-length finders, including Haywood Securities Inc., Ventum Financial Corp., Canaccord Genuity Corp. and Research Capital Corp. Each finder's warrant is exercisable into one common share at a price of 70 cents per common share for a period of 12 months from the date of issuance.
An insider of the company participated in the LIFE offering. Such participation constitutes a related party transaction as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company is relying on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to subsections 5.5(a) and 5.7(a) thereof, as neither the fair market value of any securities issued to such insider nor the consideration paid by such person exceeds 25 per cent of the company's market capitalization, as determined in accordance with MI 61-101.
About Copper One Resources Corp.
Copper One Resources focuses on advancing copper, copper/silver/gold and critical metals projects in North America to support growing demand driven by electrification, AI (artificial intelligence) infrastructure, renewable energy and grid modernization. The company's flagship asset is the Majuba Hill copper-silver-gold district in Nevada, located approximately 156 miles (251 kilometres) from Reno. Copper One also holds an option to earn up to a 100-per-cent interest in the Redhill property, a copper-focused exploration opportunity located south of Ashcroft, B.C., within the Kamloops mining district. The project covers approximately 4,736.38 hectares across 18 mineral claims and is prospective for volcanogenic massive sulphide mineralization, a deposit style commonly associated with copper, zinc, silver and gold. In addition, the company owns the 100-per-cent-owned Redonda copper-molybdenum project, a district-scale porphyry-style copper-molybdenum exploration asset located near Campbell River within British Columbia's Vancouver mining division, covering approximately 2,746.46 hectares across nine mineral claims.
Copper One Resources is advancing its projects through systematic exploration and technical evaluation, with a focus on responsible exploration practices, technical transparency and long-term value creation.
We seek Safe Harbor.
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