Edge Copper Announces Completion of the Acquisition of the Zonia Copper Project and Concurrent $17 Million Financing to Create "Edge Copper Corporation"

On October 30, 2025, Edge Copper announced the completion of its transformative acquisition of the Zonia Copper Project from World Copper Ltd. Concurrently, the company closed a C$17 million private placement. As part of the transaction, the company has changed its name from Plata Latina Minerals Corporation to Edge Copper Corporation, consolidated its shares on a 3-for-1 basis, and will trade under the new ticker "EDCU" effective November 3, 2025.

The financing consisted of 56,666,665 units issued at a post-consolidation price of C$0.30 per unit. Each unit includes one common share and one-half of a share purchase warrant, with each whole warrant exercisable at C$0.60 for 18 months.

This news is a complete transformation of the company and is unequivocally a game-changer. Plata Latina Minerals was effectively a publicly listed shell company with cash and royalty interests. This transaction reinvents it as a well-capitalized, development-focused copper company with a flagship asset in a top-tier jurisdiction (Arizona, USA) and a management team with a proven track record.

The progression of news over the last year shows a deliberate and well-executed strategy: - Feb 2025: The company monetized a royalty for US$6 million, stating its intention to seek strategic growth opportunities. It also brought on new directors with project development experience. - July 2025: The Zonia acquisition and concurrent C$17 million financing were announced, laying out the blueprint for the new company. The heavy insider participation in the financing ($8.5 million from management and directors) was a critical vote of confidence. - Sep/Oct 2025: The company methodically secured all necessary court and shareholder approvals. - Oct 30, 2025: The final announcement confirms the successful closing of both the acquisition and the financing.

The company now has a pro-forma cash position of approximately C$14-15 million (after the C$10.5 million cash payment for Zonia and transaction costs), which is more than sufficient to fund the next phase of work at Zonia, including drilling, metallurgical testing, and feasibility studies.

From a risk perspective, the company has swapped the passive risk of a royalty holder for the execution risk of a project developer. However, it is now in control of its own destiny with a clear path to value creation. The move into US copper development at a time of increasing focus on domestic critical minerals supply is strategically sound. The Zonia project's location on private land is a significant de-risking factor for permitting. This is a textbook example of a successful RTO, creating a completely new and compelling investment vehicle.

Edge Copper Corporation is a newly recapitalized copper development company. Its flagship asset is the 100%-owned Zonia Copper Project, a past-producing, open-pit oxide copper project located in Arizona, USA. The project is situated on private and patented land, which significantly streamlines the permitting process. The company's strategy is to leverage its experienced management team to advance Zonia by expanding the existing resource and moving the project through economic studies and permitting towards a development decision. The project is royalty-free.