Coast Copper closes Borealis property sale to Hi-View

Executive Summary

• Coast Copper Corp. completed the sale of its Borealis property in the Toodoggone district to Hi‑View Resources Inc. for a total consideration of $1.48 million.
• Consideration comprised $500,000 cash, 3.5 million Hi‑View common shares (valued at $980,000) and a contingent bonus payment.
• Coast Copper retained a 3 % net smelter return royalty on the Borealis property, subject to buyout provisions.

Key Details

• Buyer: Hi‑View Resources Inc., acquiring 100 % of the Borealis property.
• Cash Paid: $500,000 paid at closing.
• Equity Consideration: 3.5 million Hi‑View common shares issued to Coast Copper; valued at $980,000 based on a closing price of $0.28 per share.
• Contingent Bonus: Hi‑View granted Coast Copper the right to receive an additional bonus payment upon satisfaction of certain conditions (details not disclosed).
• Royalty Retention: Coast Copper kept a 3 % net smelter return royalty on the Borealis property, with buyout provisions outlined in the transaction agreement.
• Transaction Announcement: Originally announced on Aug. 28, 2025; all terms are reiterated in this closing release.

Notable Quotes

(No direct quotes were provided in the release.)