Northwire Canada EditionTuesday, July 28, 2026
Northwire
MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0% SCD 0.170 +1.5% SRC 1.75 −2.8% FOXT 0.155 +0.0% TG 0.180 −2.7% NOBL 0.100 −4.8% MGG 0.300 +0.0% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0% SCD 0.170 +1.5% SRC 1.75 −2.8% FOXT 0.155 +0.0% TG 0.180 −2.7% NOBL 0.100 −4.8% MGG 0.300 +0.0%
Financings

Copper Road Announces Amendments to Financing

CRD · Price

Executive Summary

  • Copper Road Resources Inc. amended its non‑brokered private placement, now offering up to 8,747,500 common share units at $0.04 each (gross proceeds ≈ $349,900) and 13,333,333 flow‑through units at $0.045 each (gross proceeds ≈ $600,000).
  • Proceeds from the flow‑through units will be used for eligible Canadian exploration expenses on the Ben Nevis Project and other Ontario properties; proceeds from the common share units will fund property payments on Ben Nevis and general working capital.
  • The offering may close in multiple tranches with the first expected around December 22, 2025, subject to regulatory approvals and a four‑month hold period on the securities.

Key Details

  • Units Offered: 8,747,500 common share units @ $0.04 per unit → up to $349,900 gross proceeds.
  • Flow‑Through Units (FT Units): 13,333,333 FT units @ $0.045 per unit → up to $600,000 gross proceeds.
  • Unit Composition: Each Unit = 1 common share + 1 common share purchase warrant (exercise price $0.05, exercisable for 18 months).
  • FT Unit Composition: Each FT Unit = 1 flow‑through share + 1 warrant (same terms as above).
  • Use of Proceeds – FT Units: Eligible Canadian exploration expenses qualifying as “flow‑through critical mineral mining expenditures” on the Ben Nevis Project and other Ontario properties; expenses to be renounced to subscribers by Dec 31, 2025.
  • Use of Proceeds – Common Share Units: Property payments for the Ben Nevis Project and general working capital.
  • Finder’s Fees: Company may pay eligible finders in connection with the offering.
  • Related‑Party Participation: Insiders may participate; transaction qualifies for exemption under MI 61‑101 (fair market value ≤ 25 % of market cap).
  • Hold Period: All securities subject to a hold period expiring four months and one day after issuance.
  • Closing Timeline: Offering may close in one or more tranches; first tranche anticipated on or about December 22, 2025.
  • Regulatory Conditions: Completion contingent upon TSX Venture Exchange approval and other required regulatory approvals.
  • U.S. Securities Law Disclaimer: Securities not registered under U.S. law; cannot be offered/sold in the United States absent exemption.

Notable Quotes

  • “The amendment to our private placement reflects strong investor interest and provides us with the capital needed to advance exploration at Ben Nevis while maintaining flexibility for future growth,”Brian Howlett, CPA, President & CEO.
Read the original news release →

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