Coast Copper Announces Receipt of $800,000 from Exercise of Warrants and Filing of Early Warning Report

Coast Copper Corp. announced the full exercise of 8,000,000 common share purchase warrants at an exercise price of $0.10, generating $800,000 in gross proceeds. The exercise was accelerated to July 17, 2026, following a volume-weighted average price trigger.

Insider participation was significant at 49%, with major shareholder Michael Kosowan exercising 1,000,000 warrants, increasing his ownership to approximately 14.10% on an undiluted basis. The capital raise supports the company's ongoing strategy of monetizing non-core assets, specifically following the July 6 announcement to sell the Ben Nevis property to Talisker Resources. Working capital is now estimated at approximately $2.74 million, up from the ~$2.1 million reported in early June.

Coast Copper Corp. (COCO) completed a warrant exercise that provided $800,000 in immediate capital. The transaction aligns with the acceleration terms previously announced on June 4 and is considered a routine financing event that reduces short-term liquidity pressure without diluting existing equity holdings.

High participation from insiders signals management confidence in the company's direction and the valuation of its Vancouver Island and regional properties. However, the $800,000 raise is incremental and not transformative for a company with a market capitalization of approximately $21 million. The capital extends the operational runway slightly but does not alter the pre-revenue exploration risk profile or the explicit going concern warning issued in the first quarter of 2026.

The news is fully in line with prior expectations set by the June 4 warrant acceleration announcement, with no new surprises or deviations from the stated corporate strategy.

Coast Copper Corp. (COCO) is a pre-revenue exploration company focused on copper, gold, silver, and molybdenum projects in British Columbia. Its flagship assets include the Copper Kettle porphyry Cu-Mo system on Northern Vancouver Island, the Empire Mine brownfield Cu-Au project, and the Virginia Silver and Sweeney properties located in the Huckleberry camp.

The company employs a "prospect generation" strategy, staking large land packages in active mining camps such as Toodoggone, Anyox, and the Island Copper Cluster. It monetizes non-core assets to fund exploration without heavy equity dilution. Historical drilling at Copper Kettle has shown significant Cu-Mo mineralization, with recent AMT geophysics identifying a large untested intrusive target beneath historic drill holes.