Toronto, March 6th, 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.
- 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.
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.