Copper Road Announces Closing of First Tranche of Financing

Executive Summary

• Copper Road Resources closed the first tranche of its non‑brokered private placement, raising $545,260 in gross proceeds.
• The offering consisted of 9,952,447 flow‑through units at $0.045 each and 2,435,000 hard‑dollar units at $0.04 each, each unit including one common share and one warrant (exercise price $0.05).
• Proceeds are earmarked for eligible Canadian exploration expenses on the Ben Nevis Project and other Ontario properties; a second tranche is expected to close around December 30, 2025.

Key Details

• Units Sold – Flow‑through: 9,952,447 FT Units @ $0.045 per unit → $447,860 gross proceeds.
• Units Sold – Hard‑dollar: 2,435,000 Units @ $0.04 per unit → $97,400 gross proceeds.
• Total Gross Proceeds: $545,260.
• Unit Composition: Each FT Unit = 1 common share + 1 warrant (flow‑through share). Each hard‑dollar Unit = 1 common share + 1 warrant.
• Warrant Terms: Exercise price $0.05 per share; exercisable any time up to 18 months from issuance.
• Use of Proceeds: To incur eligible Canadian exploration expenses qualifying as “flow‑through critical mineral mining expenditures” (renounced to subscribers by Dec 31, 2025) and for exploration of the Ben Nevis Project or other Ontario properties.
• Related Party Transaction: An officer subscribed for 222,222 FT Units; exemption from MI 61‑101 valuation/minority approval applied (fair market value ≤ 25 % of market cap).
• Finder Compensation: Cash commission of $40,120 paid to eligible finders; issuance of 762,862 finder warrants (exercise price $0.05, 18‑month term).
• Statutory Hold Period: Securities subject to a four‑month‑plus‑one‑day hold period from issuance per securities law requirements.
• Regulatory Conditions: Closing pending TSX Venture Exchange approval and other regulatory consents.
• Second Tranche Outlook: Expected closing on or about December 30, 2025.

Notable Quotes

(No direct quotes were provided in the release.)