Canadian Copper Inc. Receives Approved Sale and Vesting Order for Caribou Transaction

Executive Summary

• Canadian Copper Inc. has received an approved sale and vesting order from the court regarding its Caribou Complex transaction, following a hearing on June 29, 2026.
• The approval initiates the final title transfer process for the Caribou Process Plant and related property, contingent upon customary document exchanges and the satisfaction of closing conditions.
• Key closing conditions include environmental bond posting and the handover of site care and maintenance to the New Brunswick Government.

Key Details

• Transaction Status: Court-approved sale and vesting order for the Caribou Complex transaction.
• Next Steps for Title Transfer:
  1. Customary exchange of closing documents between Canadian Copper, the Receiver, and the New Brunswick Government.
  2. Satisfaction of closing conditions, specifically environmental bond posting and site care/maintenance handover.
• Operational Timeline: The Company anticipates its owner's team and external contractors will be on-site at the Caribou facility by July 27, 2026.
• Regulatory Context: The CEO notes that the transaction approval aligns with the upcoming registration of the Environmental Impact Assessment (EIA) permit, expected the following week.

Notable Quotes

• Simon Quick, CEO: "This is excellent news. This transaction approval is well-timed as we are also on track to register our EIA permit next week and start the next chapter of Canadian Copper's development story."