Super Copper arranges $2-million private placement

Executive Summary

• Super Copper Corp. has arranged a brokered private placement for aggregate gross proceeds of up to $2 million.
• The offering consists of up to 2,666,666 units priced at $0.75 per unit, with each unit comprising one common share and one share purchase warrant.
• Net proceeds will be used to advance two Chilean copper projects (Cordillera Cobre and Castilla) toward drill-ready status, including property-wide surveys and maiden drilling.

Key Details

• Gross Proceeds: Up to $2,000,000.
• Unit Price: $0.75 per unit.
• Quantity: Up to 2,666,666 units.
• Structure: Each unit consists of one common share and one share purchase warrant.
• Warrant Terms: Each warrant entitles the holder to acquire one additional share at an exercise price of $1.15 for a period of 36 months from closing.
• Agents: AGP Canada Investments ULC (lead agent and sole bookrunner) and Baader Bank AG.
• Commission: Agents receive a cash commission of 6.0% of gross proceeds.
• Agent Warrants: The company will issue non-transferable warrants to agents representing 6.0% of the aggregate number of units sold. Each broker warrant entitles the holder to purchase one share at $1.15 for 36 months from closing.
• Regulatory Basis: Listed issuer financing exemption under Part 5A of National Instrument 45-106, as amended by Coordinated Blanket Order 45-935.
• Resale Restrictions: Units issued to Canadian residents are not subject to resale restrictions.
• Use of Proceeds:
  • Advance Cordillera Cobre and Castilla projects toward drill-ready status.
  • Complete property-wide magnetics and induced polarization surveys at the Castilla project to map iron oxide copper/gold ore targets and sulphide concentrations at depth.
  • Complete a maiden drilling program at Cordillera Cobre.
  • General and administrative expenditures, including marketing and investor relations services.
• Expected Closing: On or about March 5, 2026, or within 45 days from the date of the release.
• Conditions: Subject to necessary approvals and compliance with Canadian Securities Exchange policies.

Notable Quotes

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