Copper Fox Announces 2025 Year-End Operating and Financial Results and Update

Executive Summary

• Copper Fox Metals filed its audited FY 2025 consolidated financial statements, reporting a net loss of C$1.07 million for the year ended October 31 2025.
• The company disclosed $1.95 million of capital expenditures on development and exploration across its Schaft Creek, Van Dyke, Eaglehead, Sombrero Butte and Mineral Mountain projects.
• Significant operational updates were provided, including progress toward a prefeasibility study (PFS) at Van Dyke, drilling results at Schaft Creek, geophysical survey outcomes at Eaglehead, and the commencement of maiden drilling at Mineral Mountain.

Key Details

• Financial Results – FY 2025 net loss: C$1,071,237 (vs. C$607,303 in FY 2024); loss per share remained $0.00.
• Cash Position – End‑of‑year cash: C$686,236 (down from C$785,184 at 31 Oct 2024); current cash as of release: C$129,927.
• Capital Expenditures – Total spent in FY 2025: C$1,951,216 on project development and exploration across five copper projects.
• Van Dyke Update – Completed geometallurgical modelling; finalized PFS Execution Plan outlining timeline and cost estimates to advance to PFS stage. Executed non‑binding letters of intent for industrial water supply and rock off‑take.
• Schaft Creek Update – Finished C$15.8 million 2025 drilling program; intersected copper‑gold mineralization up to 500 m south of the Liard zone, including high‑grade gold intervals not previously observed. Teck (JV operator) must submit 2026 program and budget by end of February.
• Pre‑Production Costs (Schaft Creek JV) – Reported C$90 million total pre‑production costs to year‑end 2025; C$69 million incurred since the 2021 PEA. Teck has contributed the first C$60 million and is obligated to make three C$20 million milestone payments (first already received). Remaining Cu Fox share of post‑C$60 million costs (~C$7.5 M) will be deducted from the third milestone payment.
• Eaglehead Update – Completed geophysical survey of northern “mineralized corridor”; merged chargeability and resistivity data (2014‑2025) showing expanded anomaly, enhancing porphyry potential.
• Mineral Mountain Update – Identified new large porphyry copper target; maiden drilling program underway on central footprint beneath a strong positive chargeability anomaly.
• Sombrero Butte Update – 2025 exploration indicated a large, highly evolved porphyry system; plan to file Plan of Operation for drill permits in late 2026/early 2027.
• Teck‑Anglo Merger Context – The proposed “merger of equals” could inject C$4.5 billion over five years (partly earmarked for new copper projects in BC) and a total of C$10 billion over 15 years, potentially benefiting the Schaft Creek project.
• Forward‑Looking Statements – Management highlighted expectations to advance Van Dyke to PFS, complete updated PEA in H1 2026, continue drilling at Mineral Mountain, secure multi‑year permits for Eaglehead, and pursue water/off‑take agreements.

Notable Quotes

“The increased demand for critical metals combined with the significant increase in the price of copper‑gold‑molybdenum‑silver are providing the basis to position Copper Fox to become a supplier of advanced stage critical mineral projects to the mining industry.” – Elmer B. Stewart, President & CEO

All non‑material boilerplate and forward‑looking risk disclosures have been omitted for brevity.