Northwire Canada EditionWednesday, November 11, 2026
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Financings

Copper Fox Metals financing is fully subscribed

By The Northwire Desk — AI Analysis Feb 10, 2026 · 22:22 CUU · 0.69 Copper Fox Metals Inc.
CUU · Price

Executive Summary

  • Copper Fox Metals Inc. announced that its non‑brokered private placement for up to $3 million in gross proceeds is fully subscribed.
  • The offering comprised 4,615,384 common shares at C$0.65 per share and received conditional approval from the TSX Venture Exchange.
  • Net proceeds will fund exploration and development of the Van Dyke, Eaglehead, Mineral Mountain and Sombrero Butte projects, as well as working capital and general corporate purposes.

Key Details

  • Offering size: Up to $3 million gross proceeds.
  • Shares issued: 4,615,384 common shares.
  • Price per share: C$0.65.
  • Conditional TSX Venture Exchange approval received for the placement.
  • Closing date: Expected on February 27, 2026.
  • Hold period: Securities subject to a four‑month plus one‑day hold period from completion of the offering.
  • Use of proceeds:
  • Continue exploration and development on 100% owned Van Dyke, Eaglehead, Mineral Mountain, and Sombrero Butte projects.
  • Provide working capital.
  • Cover general corporate and administrative expenses.

Notable Quotes

(No executive quotes were provided in the release.)

Read the original news release →

More from Copper Fox Metals Inc.

Oct 19, 2026 · 06:00

Copper Fox advances metallurgical testwork at Schaft Creek ahead of the Van Dyke preliminary economic assessment due in the fourth quarter.

Production / Operations Sep 21, 2026 · 19:21

Copper Fox reports a widening Q3 net loss and $614,000 cash burn since July, flagging the need for another capital raise.

Earnings Sep 02, 2026 · 06:01

Copper Fox advances the Van Dyke PEA, secures its Arizona base, and reports incremental progress on the ISCR project.

Production / Operations Aug 06, 2026 · 06:01

Copper Fox reported deep, lean porphyry intercepts with sub-economic grades that are far from the core.

Drill Results Jul 28, 2026 · 17:44

Copper Fox closes a $2.6 million placement with insider participation as exploration advances at its projects.

Financings Jul 24, 2026 · 06:01

Copper Fox initiated permitting steps for drilling at its Sombrero Butte porphyry project in Arizona.

Drill Results