Getty Copper Announces Closing of $15M Brokered Subscription Receipt Financing
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On December 4, 2025, Getty Copper announced the successful closing of its previously announced brokered private placement of 125 million subscription receipts at a price of $0.12 per receipt, for gross proceeds of $15 million. The financing was co-led by Clarus Securities Inc., Velocity Capital Partners, and Raymond James Ltd.
The proceeds are currently held in escrow and will be released upon the satisfaction of certain conditions, primarily the completion of the company's amalgamation with 1390120 B.C. Ltd. ("Numberco"). Upon release, the proceeds will be used to retire approximately $3.7 million of existing debt, fund the continued development of Getty's mineral properties, and for general corporate purposes. In connection with the financing, the agents received a cash commission of $900,000 and 7.5 million non-transferable warrants, each exercisable at $0.12 for 12 months.
This news is a game-changer for Getty Copper. The closing of this $15 million financing is the most critical component of the company's planned transformation from a debt-laden, financially distressed junior explorer into a well-capitalized and credible exploration company.
A review of historical news and financials reveals a company that was on the verge of insolvency. As of the September 30, 2025 financials, Getty had a working capital deficit of over $1.8 million and total liabilities exceeding $2.8 million against only $457k in cash. The company was kept afloat by a series of small financings and loans from related parties.
The transaction, first announced as an LOI on August 6, 2025, and formalized on November 17, 2025, is a complete corporate reset. This financing accomplishes three crucial objectives: 1. De-risks the Amalgamation: It fulfills the main condition precedent for the amalgamation with Numberco, making the closing of the overall transaction highly probable. 2. Repairs the Balance Sheet: It provides the funds to eliminate all of the company's approximately $3.7 million in debt, transforming the balance sheet from deeply negative to robust. 3. Fully Funds Exploration: With over $10 million in cash remaining after debt repayment, the company is fully funded for significant exploration programs on its consolidated land package, led by a new and experienced management team.
The financing was conducted at $0.12 per share, a 100% premium to the stock's pre-halt price of $0.06. Raising $15 million, which is more than the company's pre-halt market capitalization (~$9.9M), at such a premium demonstrates significant market confidence in the new management team, led by incoming Chairman Charles Funk, and the consolidated asset portfolio. This event marks the pivotal inflection point from survival to growth.
Getty Copper Inc. is a mineral exploration company focused on its copper porphyry projects located in the Highland Valley district of British Columbia, Canada. Its flagship asset is the Getty Project, which is adjacent to Teck Resources' Highland Valley Copper Mine, one of the world's largest open-pit copper mines.
The company's properties (Getty North, South, etc.) have shown promising historical drill results, including the April 2025 intercept of 496.3 meters grading 0.30% copper. Through the amalgamation, the company is also acquiring the Dot Property, which is located 11 km south of the Getty project. The transaction brings in a new, highly regarded management team led by Charles Funk, known for his roles at Vizsla Silver and Heliostar Metals.