CopAur Minerals Announces Equity Financing up to $3,000,000

CopAur Minerals Inc. (CPAU) announced a private placement for gross proceeds of up to $3,000,000, subject to acceptance by the TSX Venture Exchange. The company will issue up to 25,000,000 units at $0.12 per unit.

The proceeds are designated for advancing permitting on the Kinsley Mountain gold property, securing permits for the Troy Canyon property, and general working capital. Each unit includes one common share and one-half share purchase warrant. The warrants carry an exercise price of $0.24 and have a two-year term, with an acceleration clause if the share price exceeds $0.30 for 10 consecutive trading days. All securities are subject to a four-month hold period.

CopAur Minerals Inc. (CPAU) has completed a financing round that serves as a direct follow-up to its October 2025 announcement, closing a previously disclosed capital raise. The transaction is expected to drive market activity rather than act as a surprise catalyst. The $0.12 pricing aligns with recent trading ranges, minimizing immediate discount dilution while increasing the fully diluted share count by approximately 15%.

The capital injection extends the company's operating runway, directly addressing the going concern risk highlighted in the March 2026 MD&A. However, it does not alter the fundamental pre-revenue status or de-risk the permitting timeline. The warrant structure features a $0.24 exercise price, which is standard for the sector and provides a mild overhang. The acceleration clause ties expiry to price appreciation, aligning investor and company interests.

CopAur Minerals Inc. (CPAU) is a Nevada-based exploration-stage company transitioning toward mine development. Its flagship asset is the 100%-owned Kinsley Mountain Gold Project, located 80 km south of West Wendover, Nevada. The property produced 138,000 oz Au between 1995 and 1999 before operations were suspended due to operator bankruptcy; the halt was driven by financial distress rather than resource depletion.

A Preliminary Economic Assessment (PEA) filed in July 2026 outlines a 4-year open-pit heap-leach operation. Base-case economics at $3,200/oz gold show a post-tax NPV of $35M and an IRR of 19.7%. The Mineral Resource Estimate grew 52% to 742,000 indicated ounces at 1.11 g/t Au. This includes a high-grade Secret Canyon zone containing 384,000 indicated ounces at 5.32 g/t Au.

The company also holds secondary assets, including the Troy Canyon gold-silver property in Nevada under an earn-in agreement with Pravda Strategic Minerals. Additionally, CopAur divested its Williams Property in British Columbia to Omega Pacific, retaining a 15% equity stake.