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Canadian Copper Inc
Symbol CCI
Shares Issued 104,981,836
Close 2025-07-07 C$ 0.17
Market Cap C$ 17,846,912
Recent Sedar Documents

Canadian Copper agrees to Raptor extension request

2025-07-07 20:47 ET - News Release

Mr. Simon Quick reports

CANADIAN COPPER UPDATES ON TURGEON ASSET SALE AND FILES TECHNICAL REPORT

Canadian Copper Inc. has made additional modifications to the previously announced Raptor Resources Ltd. transaction. Raptor has requested an extension to Sept. 30, 2025, to complete its qualifying transaction. The company has granted this extension for an early payment fee of $22,500 (1).

Turgeon payment summary:

  • The $225,0001 early exercise payment associated with the Turgeon project agreement was received Sept. 30, 2024.
  • Per the agreement, Raptor will deliver on or before Sept. 30, 2025, the balance of the agreement that includes minimum $225,0001 in cash and $405,0001 worth of Raptor company shares.

Further, the company will file today on SEDAR+ an independent technical report, titled "Murray Brook Project NI 43-101 Technical Report & Preliminary Economic Assessment," dated July 7, 2025, with an effective date of June 20, 2025, co-written by: Tommaso Roberto Raponi, PEng, Glenn LeBlanc, PEng, Jonathan Cooper, PEng, and James Millard, PGeo, of Ausenco Engineering Canada ULC; William Stone, PhD, PGeo, Yungang Wu, PGeo, Jarita Barry, PGeo, Andrew Bradfield, PEng, and Eugene Puritch, PEng, FEC, CET, of P&E Mining Consultants Inc.; Jeff Gilchrist, PEng, of Stantec Consulting Ltd.; Marcello Locatelli, PEng, of Inteloc Inc.; and Pierre Lacombe, PEng, an independent consultant.

The purpose of this technical report is to support scientific and technical information that relates to the Murray Brook project preliminary economic assessment published on May 22, 2025. There are no material differences in the technical report from the information disclosed in the May 22, 2025, news release. The technical report is available on the company's profile on SEDAR+ and on its website.

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 104,981,836 shares issued and outstanding in the company.

(1) Australin-dollar/Canadian-dollar exchange rate of 0.9.

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