Toronto, October 22nd, 2025 – Canadian Copper Inc. (CSE:CCI) (“Canadian Copper” or the “Company”) announces today that it is electing to accelerate the expiry of outstanding common share purchase warrants of the Company originally issued under the financing completed on December 6, 2024 exercisable at C$0.225 per common share (the “2024 Warrants”). If fully exercised, the Company would convert 3,056,637 warrants to common shares and receive up to $687,743.
Simon Quick, CEO of Canadian Copper, stated, “Both precious and base metal prices continue to advance while investor interest in hard assets in safe jurisdictions continues to grow. These trends along with the timing of our Caribou Complex transaction have been reflected in our recent share price movement. This warrant capital is well-timed as we advance our near-term development story in Bathurst, New Brunswick, Canada.”
Proceeds from the exercise of the Warrants will be used for the continued advancement of the Murray Brook Project and the Caribou Process Complex, as noted in our previous announcement.
Pursuant to the terms of the 2024 Warrants, the Company may accelerate the expiry date of the 2024 Warrants if the daily volume weighted average price (the “VWAP”) of the Company’s common shares on the Canadian Stock Exchange (the “CSE“) equals or exceeds $0.30 for 10 consecutive trading days (the “Acceleration Period”), to the date which is 30 days following the dissemination of a news release announcing the acceleration. As the close on October 21, 2025, the Company’s common shares have equaled or exceeded a daily VWAP of $0.30 per share over each of the last 10 trading days on the CSE and hereby provides notice of the Acceleration Period in accordance with the terms of the 2024 Warrants. The Company is exercising its right to accelerate the expiry of the 2024 Warrants originally issued under the Financing to 5:00 p.m. (Toronto Time) on November 21, 2025 (the “Accelerated Expiry Date”).
Warrantholders may exercise their 2024 Warrants any time before the Accelerated Expiry Date by observing the process as described in the 2024 Warrant certificates. Any 2024 Warrants remaining unexercised after the Accelerated Expiry Date will expire and be of no force and effect.
About Canadian Copper Inc.
Canadian Copper is a Canadian-based mineral exploration and development company with defined copper and other base metals resources. The Company is focused on the prolific Bathurst Mining Camp (BMC) of New Brunswick, Canada. There are currently 105,031,836 shares issued and outstanding in the Company.