Copper Fox Announces Closing of Private Placement

Copper Fox Metals Inc. announced the closing of a non-brokered private placement, raising $2,571,600 through the issuance of 4,286,000 common shares at a price of $0.60 per share. The transaction featured significant insider participation, with Director Ernesto Echavarria purchasing 3,000,000 shares, constituting a Related Party Transaction under TSXV Policy 5.9.

Net proceeds from the offering will fund exploration and development across the company's 100% owned projects in Arizona, including Van Dyke, Mineral Mountain, and Sombrero Butte, as well as the Eaglehead project in British Columbia, alongside general corporate purposes. This closing brings total capital raised in 2026 to over $5.5 million, following a $3.0 million placement in February 2026. Pre-production costs at the Schaft Creek Joint Venture remain fully carried by partner Teck Resources.

• The financing is a routine, expected capital raise for a junior exploration company advancing multiple projects.
• The $0.60 per share price represents a slight discount to the February 2026 placement ($0.65) and aligns with recent trading ranges, reflecting current market valuation.
• Insider buying by Director Echavarria (3 million shares) provides a positive signal of management confidence in the portfolio's long-term value.
• The dilutive nature of the offering is offset by the necessity of funding ongoing exploration, permitting, and PEA work.
• The news is incremental and follows a clear pattern of capital raises to sustain operations, making it a Routine - Positive development.

Copper Fox Metals Inc. (CUU) is a Canadian junior explorer focused on copper projects in North America. Its flagship assets include the Schaft Creek Joint Venture, a large undeveloped porphyry copper deposit in British Columbia, in which the company holds a 25% interest while Teck Resources operates the remaining 75%. The company also holds the Van Dyke ISCR project in Arizona, an advanced-stage in-situ copper recovery operation.

The portfolio further includes the Eaglehead and Sombrero Butte porphyry systems in British Columbia and Arizona, respectively, as well as the newly discovered Mineral Mountain porphyry copper target in Arizona. Copper Fox Metals is currently transitioning multiple assets from exploration to advanced study stages, with a focus on completing Pre-Feasibility Studies (PEAs) and Pre-Feasibility Study (PFS)-level execution plans.