Copper Road Announces $750,000 Financing

On December 12, 2025, Copper Road Resources announced a non-brokered private placement to raise up to $750,000. The financing consists of two parts: 1. Up to $150,000 from the sale of Common Share Units at $0.045 per unit. Each unit includes one common share and one-half of a common share purchase warrant. 2. Up to $600,000 from the sale of Flow-Through (FT) Units, also at $0.045 per unit. Each FT unit includes one flow-through common share and one-half of a warrant.

Each whole warrant entitles the holder to purchase one common share at an exercise price of $0.05 for 18 months following the closing date.

The proceeds from the FT units will be used for exploration on the company's newly acquired Ben Nevis Project. The proceeds from the common share units will be used for property payments on the Ben Nevis Project and for general working capital.

The announcement of this financing is a material and positive development for Copper Road Resources. It is the critical and logical next step following the company's strategic pivot, which began with the appointment of a new CEO in July 2025 and culminated in the consolidation of the Ben Nevis Project on December 8, 2025.

• Strategic Necessity: The financing is essential for the company's survival and its ability to execute on its new strategy. The Q3 2025 financial statements (filed November 24, 2025) showed a cash balance of only $137,900. These funds were insufficient to make the required property payments for the Ben Nevis option agreements or to conduct the systematic exploration promised to the market. This financing directly addresses that immediate capital shortfall.
• Favorable Terms: The financing is priced at $0.045, a minimal discount to the prevailing market price of $0.05. The attached half-warrant at an exercise price of $0.05 is reasonable and provides future funding potential. For a micro-cap company raising capital without a broker, these terms are acceptable.
• Enables Exploration: The majority of the raise ($600,000) is structured as flow-through financing, which ensures the capital is deployed directly into the ground for exploration. This allows the company to immediately begin advancing the Ben Nevis project, interpreting the recently completed MobileMT survey, and defining drill targets.
• Dilution: The financing will be dilutive. If fully subscribed, it will issue approximately 16.67 million new shares and 8.33 million new warrants. This represents a ~25% dilution to the pre-financing share count of ~65 million shares. However, this is a necessary cost for an exploration company at this stage to fund potentially value-creating activities.

In conclusion, this financing removes the significant near-term financial risk and provides the company with the means to create shareholder value through exploration at its new flagship project. It validates the new strategic direction and bridges the gap from property acquisition to active exploration.

Copper Road Resources is a Canadian junior exploration company. Historically, its focus was the Copper Road Project, which was sold to Sterling Metals Corp. in 2024. In mid-2025, under new leadership, the company pivoted its strategy.

The company's new flagship project is the Ben Nevis Project, a consolidated land package of over 10,000 hectares in the Blake River group in Ontario. The company signed option agreements to acquire a 100% interest in the project in December 2025. The project is located in the Ben Nevis volcanic complex, which is recognized for its potential for volcanogenic massive sulphide (VMS) deposits (copper, zinc, gold, silver) and intrusive-related porphyry copper-gold-molybdenum deposits. The area has seen limited modern exploration, which is the opportunity the company is pursuing.