Due to Overwhelming Demand Coyote Copper Mines Inc. Announces Upsizing the Non-Brokered Financing to $7 Million

Coyote Copper Mines (TSXV: CCMM) has upsized its non-brokered private placement from the $5 million announced on 13 May 2026 to $7 million “due to overwhelming demand.” The offering now comprises up to 28 million units at C$0.25 (same price as the original terms), each consisting of one common share and one‑half of a share purchase warrant. Two half‑warrants entitle the holder to buy one additional share at C$0.50 for 36 months. Finders may receive a 7 % cash commission and 7 % broker warrants on the same terms. A first tranche is expected to close on or before 28 May 2025 (likely a typographical error; the release is dated 25 May 2026). Proceeds are earmarked for exploration and general working capital.

The upsize is an incremental, expected follow‑up to the financing announced a fortnight earlier. While “overwhelming demand” signals that the market is receptive to the exploration thesis—especially after the May 12 disclosure of a massive “donut‑shaped” geophysical anomaly—the event itself is not new information about the asset. The terms are unchanged, the price is at the recent trading range (C$0.24‑0.25), and the additional C$2 million does not fundamentally alter the company’s cash runway or discovery potential. No strategic investor (Sprott, Lundin, Gentile, etc.) is named, nor is this a first‑time cornerstone investment. The news confirms that retail and perhaps small institutional appetite exists at this price, but it does not de‑risk the project. Accordingly, the rating is Routine – Positive.

Coyote Copper Mines Inc. is a junior explorer that completed its qualifying transaction (amalgamation with Copper Bullet Mines) and began trading on the TSX Venture Exchange on 13 Apr 2026. Its flagship is the Copper Triangle project in Arizona, covering 693 BLM claims (~58 km²) adjacent to Rio Tinto/BHP’s Resolution Copper deposit. The project area contains >100 historical drill holes and a non‑NI‑43‑101‑compliant historical resource on roughly 10 % of the oxide blanket. Modern exploration has uncovered a new sulphide‑dominated breccia pipe (Maher Breccia) with copper and molybdenum at surface, and integrated geophysics (drone mag, 3D IP, MT) have outlined a donut‑shaped anomaly considerably larger than the typical 2‑3 km footprints of major porphyry systems. Surface sampling in the Gibson Corridor returned grades as high as 22.41 % Cu from historic ore piles. The company is led by CEO Dan Weir and a board with backgrounds in mining and finance.