DENARIUS METALS ANNOUNCES CLOSING OF STRATEGIC INVESTMENT IN COPPER GIANT RESOURCES AND CONCURRENT PRIVATE PLACEMENT WITH TRAFIGURA

Copper Giant Resources Corp. (CGNT) has closed a non-brokered private placement, raising approximately C$31 million at a price of C$0.72 per share. The financing was led by Denarius Metals Corp., which subscribed for 40,000,000 shares, representing 15.34% of the company on a post-closing basis. The transaction also saw significant insider participation, with Frank Giustra acquiring 2,777,775 shares and CEO Ian Harris purchasing 277,775 shares.

Proceeds from the offering are designated for the advancement and acceleration of exploration and project development at the Mocoa copper-molybdenum project in Colombia, including district-scale exploration and general corporate purposes. The transaction is classified as a related-party transaction and is exempt from formal valuation and minority shareholder approval requirements under National Instrument 61-101. All subscribers have agreed to a two-year lock-up arrangement, and the issued shares carry a four-month-and-one-day statutory hold period.

Corporate governance updates accompanying the closing include the appointment of Federico Restrepo-Solano, CEO of Denarius, to the advisory committee. Carlos Augusto Suárez Rojas will not join the board due to a potential conflict of interest. The closing follows the August 6, 2026 announcement of the financing and a concurrent long-term offtake agreement with Trafigura for 20% of future copper and molybdenum concentrate production.

Copper Giant Resources Corp. (CGNT) closed a financing and associated Trafigura offtake agreement on August 21, following the initial announcement on August 6. The closing represents the expected execution of a previously disclosed transaction.

The strategic alignment is material to the company's long-term trajectory. Denarius Metals brings proven Colombian operating experience from the Zancudo project, while Trafigura’s 10-year offtake agreement provides external validation, market access, and a de-risked commercial pathway for Mocoa.

Financially, the C$31 million injection significantly bolsters the balance sheet. Combined with the Q1 2026 cash balance of C$21.2 million, the company now holds approximately C$52 million in liquidity, fully funding the 2026 exploration program and the upcoming Preliminary Economic Assessment (PEA).

The stock price appreciated from ~C$0.84 on August 5 to C$1.22 by August 20, reflecting market appreciation of the strategic partnership and reduced near-term capital raising risk.

Copper Giant Resources Corp. is a pre-revenue junior explorer advancing the Mocoa porphyry copper-molybdenum project in the Putumayo Department of Colombia. The project hosts an inferred mineral resource of 1.12 billion tonnes at 0.51% CuEq, containing 7.6 billion pounds of copper and 1.0 billion pounds of molybdenum. The deposit is a multi-phase porphyry system with over 1,000 metres of vertical continuity, open laterally and at depth.

The company has implemented directional drilling to increase data density, reduce surface disturbance, and accelerate resource conversion ahead of the PEA. Metallurgical testing has demonstrated high recoveries (up to 92% Cu and 97% Mo), supporting conventional processing economics.