Copper Quest Closes $1,927,000 Private Placement

Executive Summary

• Copper Quest issued 10,142,104 flow‑through shares at C$0.19 each, raising C$1.927 million in gross proceeds.
• Proceeds are earmarked for exploration and related programs on the Company’s British Columbia projects.
• The placement included cash finder’s fees of C$130,200, issuance of 685,261 finder’s warrants (exercise price C$0.19, expiring Dec 5 2027), and a potential additional issuance of up to 255,264 FT shares by Dec 15 2025.

Key Details

• Shares Issued: 10,142,104 FT Shares @ C$0.19 per share.
• Gross Proceeds: C$1,927,000.
• Use of Proceeds: Exploration and related programs qualifying as Canadian exploration expenses and flow‑through critical mineral mining expenditures on BC projects.
• Finder’s Fees Paid: C$130,199.98 in cash.
• Finder’s Warrants Issued: 685,261 warrants to purchase one non‑flow‑through common share each at C$0.19; expiry date Dec 5 2027.
• Statutory Hold Period: All securities subject to a four‑month hold period expiring Apr 6 2026.
• Additional Issuance Option: Up to 255,264 FT Shares may be issued on the same terms no later than Dec 15 2025, also subject to a four‑month plus one day hold period.
• Related Party Participation: Director Jason Nickel purchased 50,000 FT Shares for C$9,500; transaction relied on MI 61‑101 exemptions (no material change report filed).
• Regulatory Notice: Securities not registered under U.S. securities laws; offering limited to jurisdictions where exemption applies.

Notable Quotes

“The team has spent the last 12 months building Copper Quest to be a standout junior explorer… These funds will allow us advance multiple properties in 2026 while we continue vetting quality partners…” – Brian Thurston, President & CEO