World Copper and World Copper Holdings Announce Closing of Spin-Out Transaction and Consolidation

World Copper Ltd. and World Copper Holdings Ltd. (Spinco) announced the closing of a court-approved plan of arrangement effective July 20, 2026. The transaction followed a 20-for-1 share consolidation completed on July 17, 2026, which reduced the share count from approximately 262.9 million to approximately 13.15 million post-consolidation shares.

Under the terms of the arrangement, shareholders received one New World Copper Share and one Spinco Share for each post-consolidation share held. Spinco retains legacy Chilean subsidiaries, assets, and liabilities, while New World Copper maintains a North American focus, specifically the Brassie Creek property option. Spinco shares remain unlisted, whereas New World Copper shares will trade on the TSX Venture Exchange under the ticker "WCU" starting July 22, 2026. Administrative instructions were provided for registered shareholders to deposit letters of transmittal to receive new shares.

World Copper Ltd. (WCU) completed a previously approved corporate restructuring involving the spin-out of legacy Chilean liabilities and assets into an unlisted entity. This transaction simplifies the public company’s balance sheet and strategic focus. The restructuring included a 20-for-1 share consolidation designed to improve trading liquidity and attract a broader investor base by raising the per-share price. The move does not alter the underlying business fundamentals or cash position. No new operational milestones, financing, or strategic partnerships were announced alongside the closing, with the impact being structural and aligning with prior management guidance.

World Copper Ltd. (WCU) is shifting its strategic focus from a dual-jurisdiction approach in Arizona and Chile to a North American-only footprint. The transition follows the sale of its Zonia copper project in Arizona to Edge Copper Corp. in October 2025, a deal valued at $10.5 million in cash and approximately 31.3% equity in Edge Copper.

The company’s current flagship asset is the Brassie Creek Project in British Columbia, a 1,861-hectare porphyry-skarn copper-gold property located approximately 50 km west of Kamloops. The site is positioned near major operating mines, including Teck’s Highland Valley and New Gold’s New Afton. To fully exercise the option on Brassie Creek, World Copper must make cash payments of $440,000, issue 900,000 shares, and incur $750,000 in exploration expenditures, in addition to granting a 2% NSR royalty.