Canadian Copper Provides Murray Brook Project Update

Executive Summary

• Canadian Copper announced the award of its metallurgical testwork program to SGS Canada for further refinement of plant operating costs and recovery performance.
• The company provided a permitting update, noting engagement with the Technical Review Committee and completion of baseline environmental data collection ahead of an EIA registration expected in H1 2026.
• A funding strategy update indicated ongoing discussions with government sources and private partners, with a decision on financing path anticipated in H1 2026.

Key Details

• Metallurgical Program: Awarded to SGS Canada Inc.; ~3,100 kg of core material (≈244 m) from 10 new drill holes selected for assay preparation and flotation testing.
• Core Intercepts: Massive sulphide intervals observed include pyrite, chalcopyrite (copper), and sphalerite (zinc).
• Historical Correlation: New cores were twinned with 2012‑2013 holes; visual logging shows good reconciliation with existing geological/resource model.
• Permitting – TRC Engagement: Initiated July 2025 to discuss Combined Strategy and address questions prior to EIA registration (target H1 2026).
• Baseline Environmental Data: Completed for 2025 field season—archaeology, fish habitat, avian/wildlife, vegetation, wetlands; desktop studies on surface/groundwater, air quality, climate underway.
• EIA Registration: Expected in the first half of 2026; technical data reports being finalized for inclusion.
• Funding Strategy: Advancing multiple financing discussions to cover pre‑development (design, permitting, early works) and construction capital. Decision on partners/path expected H1 2026.
• Government Funding Sources: Engaging Natural Resources Canada and the Critical Minerals Infrastructure Fund, plus new programs from the 2025 Federal Budget.

Notable Quotes

(No direct quotes were included in the release.)