NorthIsle Copper arranges $4.99M placement with Wheaton

Executive Summary

• NorthIsle Copper and Gold Inc. announced a total financing of approximately $115 million, comprising a best efforts public offering, a non-brokered private placement, and a brokered private placement.
• Wheaton Precious Metals Corp. completed a non-brokered private placement of 1,639,300 common shares for approximately $5 million.
• The company exercised the over-allotment option for the brokered offering, increasing the total gross proceeds to approximately $115 million, with closing expected around March 6, 2026.

Key Details

• Total Financing Amount: Aggregate gross proceeds of up to $115,003,300.
• Wheaton Precious Metals Placement:
  • Type: Non-brokered private placement.
  • Shares: 1,639,300 common shares.
  • Price: $3.05 per common share.
  • Gross Proceeds: $4,999,865.
• Brokered Offering (Public):
  • Lead Agent/Sole Bookrunner: Paradigm Capital Inc.
  • Base Shares: Up to 35,016,700 common shares (including the exercise of the agents' option).
  • Over-allotment Option Exercise: 2,229,700 additional common shares.
  • Gross Proceeds from Over-allotment: $6,800,585.
  • Total Gross Proceeds from Brokered Offering: Up to $106,800,935.
• Brokered Private Placement:
  • Shares: Up to 1.05 million common shares.
  • Gross Proceeds: Up to $3,202,500.
• Total Shares Issued: Up to 37,706,000 common shares.
• Use of Proceeds: Advancement of the company's projects and for general corporate and working capital purposes.
• Closing Date: Expected on or about March 6, 2026.
• Regulatory Approvals: Subject to receipt of all necessary regulatory approvals, including TSX Venture Exchange approval.
• Offering Basis:
  • Public Offering: Best efforts basis in all Canadian provinces and territories except Quebec.
  • Private Placements: Private placement basis pursuant to exemptions from prospectus requirements.
• Hold Period: Statutory hold period of four months plus one day from the date of issuance for shares sold in the non-brokered and brokered private placements.
• Documentation: Prospectus supplement dated March 2, 2026, to the short form base shelf prospectus dated Feb. 25, 2026.