Andina Copper Announces LIFE Offering and Concurrent Financing for an Aggregate of $20m

Executive Summary

• Andina Copper Corp. announced two concurrent non‑brokered private placements for total gross proceeds of $20 million (“LIFE Offering” and “Concurrent Financing”).
• Each placement will issue 12,500,000 common shares at $0.80 per share, totaling 25,000,000 shares.
• Net proceeds are earmarked to fund exploration on the Piuquenes and Cobrasco Projects, as well as working capital and general corporate purposes.

Key Details

• LIFE Offering: 12,500,000 common shares (“LIFE Shares”) at $0.80 per share; gross proceeds of $10 million; offered under the Listed Issuer Financing Exemption (LIFFE) in all Canadian provinces except Quebec; no Canadian hold period.
• Concurrent Financing: 12,500,000 common shares (“Non‑LIFE Shares”) at $0.80 per share; gross proceeds of $10 million; may be offered to Canadian residents under other prospectus exemptions and to qualified non‑Canadian investors; subject to a four‑month‑plus‑one‑day hold period for Canadian purchasers.
• Finder’s Fees: Company may pay up to 6% cash in finder’s fees related to the Offerings.
• Closing Date: LIFE Offering scheduled to close on or around March 6, 2026; subject to customary conditions and TSX Venture Exchange policies.
• Use of Proceeds: Primarily for exploration activities at the Piuquenes (Argentina) and Cobrasco (Colombia) projects, plus working capital and general corporate purposes as detailed in the offering documents.
• Regulatory Notices: Shares are not registered under U.S. securities laws; offers to U.S. persons are prohibited absent exemption or registration.

Notable Quotes

• “The Company intends to use the net proceeds from the Offerings to fund exploration at our Piuquenes and Cobrasco Projects, working capital and general corporate purposes.” – Joseph van den Elsen, President & CEO

Materiality Assessment: Material – Positive (significant financing that will support ongoing exploration and corporate activities).