Cupani Metals prices hard cash units at 12.5 cents

Executive Summary

• Cupani Metals Corp. has announced the pricing of its hard cash (HC) units at $0.125 per unit, comprising one common share and one full common share purchase warrant exercisable at $0.25.
• The company provided an update on its private placement tranches, confirming the closing of the first tranche ($2.05M) and outlining expected closing dates for the second (Dec. 29, 2025) and third/final (Jan. 29, 2026) tranches.
• Management anticipates aggregate gross proceeds of over $500,000 from the HC units and announced an estimated $600,000 in Quebec refundable exploration tax credits for working capital.

Key Details

• Financing Structure: Hard Cash (HC) Units priced at $0.125 per unit.
• Warrant Terms: Each HC unit includes one full common share purchase warrant.
  • Exercise Price: $0.25 per share.
  • Term: Exercisable at any time up to 24 months from the closing date.
  • Acceleration: Subject to an acceleration clause.
• Tranche Schedule & Status:
  • First Tranche: Closed on Dec. 15, 2025. Consisted of FT units. Gross proceeds: $2,051,224.18.
  • Second Tranche: Expected to close on Dec. 29, 2025. Expected to consist of both FT units and HC units.
  • Third Tranche: Expected to close on Jan. 29, 2026. Expected to consist of HC units only.
• Proceeds Expectations: Management anticipates HC units will close for aggregate gross proceeds of more than $500,000.
• Tax Credits: Applied for Quebec refundable exploration tax credits related to 2024 eligible expenditures.
  • Estimated Rebate: Approximately $600,000 (subject to review by Revenu Quebec).
  • Use of Proceeds: Working capital and general corporate purposes.
• Finder’s Fees (First Tranche):
  • Cash Fees Paid: $16,236.23.
  • Compensation Units: 377,142 compensation HC units issued to certain finders on the same terms as the HC units offered.

Notable Quotes

• No direct quotes from executives were included in the provided text.