NorthIsle Copper closes $115-million financing

Executive Summary

• NorthIsle Copper and Gold Inc. has closed a previously announced financing transaction with aggregate gross proceeds of $115,003,300.
• The financing consists of a brokered public offering, a brokered private placement, and a non-brokered private placement, resulting in the issuance of 37,706,000 common shares.
• Proceeds will be used for the advancement of the company's North Island project and for general corporate and working capital purposes.

Key Details

• Aggregate Gross Proceeds: $115,003,300.
• Total Shares Issued: 37,706,000 common shares.
• Brokered Offering Components:
  • Public Offering: 35,016,700 common shares at $3.05 per share, generating gross proceeds of $106,800,935.
  • Brokered Private Placement: 1.05 million common shares at the issue price ($3.05), generating gross proceeds of $3,202,500.
• Non-Brokered Offering:
  • 1,639,300 common shares at the issue price ($3.05), generating gross proceeds of $4,999,865.
• Use of Proceeds: Advancement of the company's projects and for general corporate and working capital purposes.
• Agents and Commissions:
  • Lead agent and sole bookrunner: Paradigm Capital Inc.
  • Syndicate agents included Agentis Capital Markets, Beacon Securities Ltd., Ventum Financial Corp., Raymond James Ltd., BMO Nesbitt Burns Inc., TD Securities Inc., and CIBC World Markets Inc.
  • Cash commission of 5% on gross proceeds of the brokered public offering (2% applied to $1,351,455 from president's list subscribers).
  • 2% commission on gross proceeds of the brokered private placement.
  • No compensation paid to agents for the non-brokered offering.
• Insider Participation:
  • Directors and officers purchased an aggregate of 109,800 common shares.
  • Classified as a related party transaction under Multilateral Instrument 61-101.
  • Exempt from formal valuation and minority shareholder approval requirements as insider participation did not exceed 25% of market capitalization.
• Regulatory and Legal:
  • Public offering conducted in all Canadian provinces and territories except Quebec via a prospectus supplement dated March 2, 2026, to the short form base shelf prospectus dated Feb. 25, 2026.
  • Private placements conducted under exemptions from prospectus requirements in Canada (National Instrument 45-106) and the United States.
  • Shares from non-brokered and brokered private placements subject to a statutory hold period of four months plus one day.

Notable Quotes

• "We are pleased to welcome many new institutional investors to our share registry and are thankful for the ongoing support of our existing shareholders, including Wheaton. The financing and our inclusion in the B.C. Critical Minerals Office, combined with our growing engagement with first nations and North Island communities, highlights the opportunity for NorthIsle to rapidly advance the development of our North Island project." — Sam Lee, President and CEO