NORTHWEST COPPER PROVIDES UPDATE ON $10 MILLION BEST EFFORTS FINANCING

NorthWest Copper Corp. provided an update on its previously announced $10 million best-efforts financing, confirming indicative orders exceeding the target amount. The company adjusted terms for flow-through units to meet investor demand for hard dollar and charity flow-through structures. Additionally, NorthWest engaged Atrium Research Corporation for sponsored research services at a cost of $12,000 per quarter. The financing includes warrants with an exercise price of $0.45 expiring 24 months post-closing. Proceeds are designated for updating the Preliminary Economic Assessment (PEA) on Kwanika-Stardust and advancing exploration at Lorraine and East Niv projects.

The news is categorized as Routine - Positive because it confirms a previously announced financing round rather than introducing new fundamental value or project milestones. The update indicates strong investor demand, which reduces execution risk regarding capital raising for the upcoming PEA. However, the engagement of Atrium Research adds a recurring expense ($48k annually) that does not directly enhance asset value. The financing terms (warrants at $0.45) are slightly higher than previous tranches ($0.34), suggesting management is prioritizing capital over dilution control, but this remains within standard market norms for junior miners funding development stages. No material change to the project economics or resource base occurred in this release; it is a logistical step toward the mid-2026 PEA.

NorthWest Copper Corp. focuses on capital-efficient development of copper-gold projects in British Columbia. The flagship asset is the Kwanika-Stardust project, which features a combined resource base of approximately 0.4 billion lbs Cu indicated and 1.0 billion lbs Cu inferred. The company is pivoting toward higher-grade zones to support a top-down sub-level cave mining method alongside open-pit options. Other assets include Lorraine (resource expansion) and East Niv (discovery stage). Metallurgical testing has shown improved gold recoveries (~95%) compared to the 2023 PEA baseline, driven by finer grinding and leaching of flotation tails.