World Copper Announces Shares for Debt Settlement

World Copper Ltd. issued 20,900,000 common shares at a deemed price of $0.01 per share to settle $209,000 in outstanding debt owed to two current directors and a service provider. The transaction is structured as a related-party transaction under MI 61-101, relying on exemptions from formal valuation and minority shareholder approval. The primary purpose is to preserve cash for working capital. Settlement shares carry a standard four-month and one-day statutory hold period. This follows the June 23, 2026 update regarding the court-approved spin-out of Chilean assets and a 1:20 share consolidation, with closing expected in early July 2026.

World Copper Ltd. (WCU) settled $209,000 in debt, a figure immaterial to the company’s overall balance sheet and operational trajectory. The transaction involved a share issuance representing approximately 8% dilution on a pre-consolidation basis, though the absolute capital raised remains negligible. This move aligns with the company’s stated strategy to preserve cash, but it does not introduce new strategic capital, operational progress, or revenue-generating assets. The action is considered routine balance sheet maintenance typical of distressed exploration-stage issuers with limited liquidity.

World Copper Ltd. (WCU) is an exploration-stage junior focused on copper and gold. The company’s flagship asset is the Brassie Creek Project in British Columbia, a porphyry-skarn Cu-Au property comprising 1,861 hectares, which it acquired via a definitive option agreement in February 2026.

Previously, the company held the Zonia copper project in Arizona, which was sold to Edge Copper Corp. in October 2025 for $10.5 million in cash plus equity. Following this transaction, World Copper will pivot to a North American-focused exploration strategy, specifically targeting the Brassie Creek property. Management transitioned to Mark Lotz as CEO in November 2025, bringing accounting and capital markets expertise to the role.