World Copper Signs Letter of Intent to Acquire the Hot Tip Property, Nye County, Nevada

World Copper Ltd. has entered a Letter of Intent to acquire a 100% interest in the Hot Tip property, an early-stage epithermal gold exploration target located in Nye County, Nevada. The total consideration for the transaction is $650,000 CAD, structured as $50,000 CAD in cash, which is credited against a prior exclusivity payment, and $600,000 CAD in common shares issued in three tranches over 12 months. The share issuance price is set at the greater of $0.10 and the TSXV market price on the respective issuance dates.

The deal includes a 3.0% total Net Smelter Returns (NSR) royalty, split equally between two vendors: Orogen Royalties Inc. and Altius Resources Inc., each receiving 1.5%, with buydown options available. The property covers approximately 1,044 hectares on BLM ground and features historical geochemical anomalies characterized by high mercury, arsenic, antimony, and thallium, as well as IP chargeability. The site currently holds no mineral resource or reserve. The transaction is subject to TSXV acceptance, due diligence, definitive agreements, and regulatory consents.

World Copper Ltd. (WCU) has acquired a new asset as part of its strategic pivot toward North American operations, following the sale of its Zonia project and the spin-out of Chilean operations. The company paid $650,000 CAD for the deal, a figure manageable given its $1.43 million in cash and a $1 million private placement closed in October 2026.

The transaction is dilutive, requiring up to 6 million shares at a $0.10 floor, though the milestone-based structure limits immediate cash burn. The asset is early-stage with no defined resource, adding exploration risk rather than near-term value. This development does not alter the company's fundamental going concern status or its reliance on future equity financings.

World Copper Ltd. (WCU) is a mineral exploration company that recently pivoted to a North American focus following the October 2025 sale of its Zonia copper project in Arizona and the July 2026 spin-out of its Chilean assets into Spinco. The company operates at an exploration stage with no revenue, relying entirely on equity financing and asset sales to fund operations.

The company's primary active project is the Brassie Creek property in British Columbia, a porphyry-skarn copper-gold target optioned from a vendor. To earn 100% interest, the company must provide $440,000 in cash, 900,000 shares, and $750,000 in exploration expenditures over three years. Additionally, the newly acquired Hot Tip property in Nevada serves as a secondary, early-stage gold exploration target.