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Financings

Copper Quest Announces $1,950,000 Investment by Strategic International Investor 'Concept Capital Management' a Foundational Investor in Mining and Exploration Companies

By The Northwire Desk — AI Analysis Jan 26, 2026 · 08:00 CQX · 0.15 Copper Quest Exploration Inc.
CQX · Price

Executive Summary

  • Copper Quest Exploration Inc. announced a non‑brokered, bought‑deal private placement of up to 15 million units at C$0.13 per unit, targeting gross proceeds of up to C$1.95 million.
  • Each unit includes one common share and one warrant exercisable at C$0.165 per share, with a two‑year expiry (subject to acceleration if the share price exceeds C$0.50 for ten consecutive trading days).
  • Proceeds are earmarked for exploration activities on the company’s portfolio of copper‑gold projects and general working capital, strengthening the treasury for the 2026 drilling season.

Key Details

  • Units Offered: Up to 15,000,000 units at C$0.13 each → Gross proceeds: up to C$1,950,000.
  • Composition of Each Unit:
  • 1 common share of Copper Quest.
  • 1 share purchase warrant convertible into an additional share at C$0.165 per share.
  • Warrant Terms: Expire two (2) years from issuance; may accelerate to 30 days after a news release if the share price ≥ C$0.50 for ten consecutive trading days (starting four months + one day after issuance).
  • Closing Date: Expected on or before February 4, 2026, subject to regulatory approvals.
  • Use of Proceeds: Funding exploration programs across the company’s 7‑project portfolio and providing general working capital.
  • Strategic Investor: Concept Capital Management Ltd., a new cornerstone investor with a focus on copper and gold assets in stable jurisdictions such as British Columbia.
  • Finder’s Fees: Copper Quest may pay finder’s fees related to the placement.

Notable Quotes

  • Brian Thurston, CEO: “We’re thrilled to welcome Concept Capital as a new cornerstone investor… This hard‑dollar investment adds another level of value for our shareholders through a strong treasury and working capital that allows the Company to expand its planned exploration and drilling operations for the 2026 season.”

Materiality Assessment: Material – Positive (significant financing that enhances liquidity and supports upcoming exploration programs).

Read the original news release →

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