Canada One Mining to acquire Copper Dome North

Executive Summary

• Canada One Mining Corp. agreed to acquire a 4,836‑ha copper‑gold property adjacent to Hudbay Minerals’ Copper Mountain mine, expanding the Copper Dome project by ~60% to 12,833 ha.
• The purchase is for 250,000 common shares (valued at $12,500 based on a $0.05 per share deemed price) with no NSR royalty and a four‑month statutory hold period on the shares.
• Acquisition does not require significant working capital; primary focus remains on exploration of the existing Copper Dome core area.

Key Details

• Property: 4,836 ha “Copper Dome North,” contiguous to the northwest of Hudbay’s Copper Mountain mine and adjacent to Canada One’s 100% owned Goldrop historic gold‑silver producer.
• Transaction Structure: 100% interest transferred from an arm‑length vendor; consideration is 250,000 common shares (≈$12,500 at $0.05/share). Shares subject to a statutory hold period of four months and one day post‑closing.
• Closing Conditions: Subject to customary closing conditions and TSX Venture Exchange acceptance; no non‑arm‑length parties involved; no finders’ fees or commissions payable.
• Royalty: No net smelter return (NSR) royalty attached to the acquisition.
• Working Capital Impact: Company will not devote the majority of its working capital or resources to Copper Dome North; focus remains on exploration and drilling at the core Copper Dome project.
• Regulatory Status: Not considered a “fundamental acquisition” under exchange policies; does not trigger additional disclosure requirements beyond this release.

Notable Quotes

“Though outside the formal Copper Dome footprint, the property's proximity to Copper Mountain and its continuity within the district's geologic setting warrant the designation Copper Dome North… Together, these factors make the acquisition compelling and well suited to a systematic exploration program.” – Peter Berdusco, President & CEO

Materiality Assessment: Non‑Material – Positive (the deal modestly expands the project footprint without material financial outlay).