Canadian Copper Announces a Non-Brokered Flow-Through Offering

Executive Summary

• Canadian Copper Inc. announced a non‑brokered flow‑through (FT) share offering of up to 2,933,334 FT Shares at C$0.75 each, targeting gross proceeds of up to $2.2 million.
• The proceeds will fully fund the company’s 2026 exploration program, including 2,500 m of diamond drilling at Murray Brook, geophysical work, and a five‑month regional campaign on the Caribou Horizon.
• Closing is expected around February 24, 2026, subject to CSE and regulatory approval; finder's fees up to 6% of gross proceeds may be paid.

Key Details

• Offering Size: Up to 2,933,334 flow‑through shares (each representing one common share).
• Price per Share: C$0.75 (approximately US $0.55).
• Maximum Gross Proceeds: $2,200,000 CAD.
• Subscription Status: Fully subscribed; placed with ~15 existing shareholders owning >45 million common shares collectively, including Crescat Capital.
• Use of Proceeds:
• Complete ~2,500 m of diamond drilling (including downhole surveys) to extend western copper mineralization at Murray Brook.
• Advance geophysical studies to refine subsurface geological controls and guide drill/regional exploration.
• Execute a five‑month regional exploration campaign across the 18 km Caribou Horizon.
• Eligibility: All expenditures qualify as “flow‑through critical mineral mining expenditures” under the Canadian Income Tax Act; to be incurred by Dec 31, 2027 (or permissible period).
• Renunciation Deadline: FT Shares will be renounced in favor of subscribers effective Dec 31, 2026.
• Closing Date: Expected on or about Feb 24, 2026 (subject to change).
• Finder’s Fees: Up to 6% cash commission of gross proceeds may be paid to arm’s‑length third parties.
• Holding Period: Statutory four‑month plus one‑day hold period applies to all securities issued in the offering.
• Regulatory Requirements: Offering subject to approval by the Canadian Securities Exchange (CSE) and other applicable regulators; not an offer in the United States.

Notable Quotes

“This straight common share FT Offering is fully subscribed and was placed with approximately 15 existing shareholders that currently already own more than 45 million common shares of Canadian Copper collectively… These existing shareholders, including Crescat Capital, will fund the entirety of the 2026 exploration program we announced last week.” – Simon Quick, CEO & Director, Canadian Copper Inc.