NorthWest Extends High-Grade Mineralization at Kwanika With 16.9 Metres of 1.37% Copper Equivalent in Second 2025 Drill Hole

The most recent news, dated October 15, 2025, announces assay results for the second drill hole (K-25-272) of the 2025 exploration program at its flagship Kwanika project. The highlight intercept is 16.9 metres of 1.37% copper equivalent (CuEq), which successfully extends a higher-grade zone of mineralization down-dip by 50 metres, and the zone remains open. The hole also intersected several other mineralized zones, including a near-surface intercept of 28.0 metres grading 0.73% CuEq starting at a depth of 50 metres. The release states these results continue to validate the company's "Higher-Grade Target Model." The company also issued a correction to the collar coordinates for the first drill hole of the program (K-25-269), previously announced on October 6, 2025.

This news is materially positive as it provides crucial validation for the company's strategic pivot and de-risks the exploration model.

Progression and Context: * Strategic Pivot (Early 2025): After a period of management changes and proxy battles in late 2023/early 2024, NorthWest shifted its strategy in March/April 2025. It moved away from the large-scale, high-capex block cave model outlined in its January 2023 PEA and began focusing on delineating higher-grade zones within the existing Kwanika resource. The new goal is to support a phased, lower-cost development scenario combining a smaller open pit with selective underground bulk mining. * Financing (Mid-2025): The company successfully raised approximately $4.1 million in flow-through funds and over $1.0 million in hard-dollar financing to execute a 17-hole, 5,135-metre drill program specifically designed to test this new high-grade thesis. * First Drill Hole (Oct 6, 2025): The first hole of the program delivered exceptional results, including 44 metres of 3.18% CuEq. This was a blockbuster result that caused the stock price to nearly double in the preceding weeks, setting a very high bar for subsequent results. * Current News (Oct 15, 2025): While the highlight intercept of 16.9 metres of 1.37% CuEq in this second hole is not as spectacular as the first, it is a very strong and, more importantly, confirmatory result. It demonstrates continuity of the high-grade system at depth and proves the first hole was not an isolated fluke. Demonstrating continuity is critical for building tonnage and confidence in a future mine plan. The near-surface intercept also supports the open-pit component of the revised strategy.

Materiality: The market had already priced in significant success after the first drill hole. This second result solidifies the rationale for the stock's re-rating. It confirms that the company's geological model can successfully target and extend high-grade mineralization. By delivering on its stated exploration plan, management is building credibility. While the stock saw a "sell the news" reaction after the massive run-up from the first hole, these follow-up results provide a solid fundamental basis for the new, higher valuation. The news materially improves the probability of success for the new strategic direction.

NorthWest Copper Corp. is a Canadian exploration company focused on advancing its portfolio of copper-gold porphyry projects in the Quesnel Terrane of British Columbia. Its flagship asset is the Kwanika-Stardust project. A 2023 PEA outlined a large-scale, long-life project. However, in early 2025, the company pivoted to a new strategy focused on defining higher-grade, more accessible zones within the existing Kwanika resource to support a potentially more financeable, staged development plan with lower initial capital costs.