Northwire Canada EditionMonday, November 9, 2026
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Gold 4,126.50 +1.3% Silver 52.70 +1.5% Copper 6.35 +1.8% Oil 87.82 −3.3% Palladium 1,018.75 +0.2% PX 0.140 −3.5% IVS 0.250 +2.0% SCD 0.150 +3.5% UCU 2.33 +8.9% KAPA 0.105 +0.0% AFM 1.28 +5.3% BONE 0.035 −12.5% EM 4.30 +0.0% BKM 4.05 +1.2% SGO 0.170 +13.3% BNKR 2.79 +6.5% TECT 1.69 +11.2% MKA 0.650 +0.0% BEX 0.070 +0.0% RTH 0.035 +0.0% GBU 0.085 +13.3% Gold 4,126.50 +1.3% Silver 52.70 +1.5% Copper 6.35 +1.8% Oil 87.82 −3.3% Palladium 1,018.75 +0.2% PX 0.140 −3.5% IVS 0.250 +2.0% SCD 0.150 +3.5% UCU 2.33 +8.9% KAPA 0.105 +0.0% AFM 1.28 +5.3% BONE 0.035 −12.5% EM 4.30 +0.0% BKM 4.05 +1.2% SGO 0.170 +13.3% BNKR 2.79 +6.5% TECT 1.69 +11.2% MKA 0.650 +0.0% BEX 0.070 +0.0% RTH 0.035 +0.0% GBU 0.085 +13.3%
Financings

Edge Copper Announces Early Exercise of Warrants by CEO for C$3.9 million

EDCU · Price

Executive Summary

  • Chair and CEO Gil Clausen exercised 6,500,000 warrants at C$0.60 each, generating C$3.9 million in gross proceeds for Edge Copper.
  • The capital is non‑dilutive (the shares were already owned by the insider) and strengthens the company’s balance sheet.
  • Proceeds are earmarked for ongoing exploration, project advancement at the Zonia Copper Project, and general corporate purposes; Clausen now holds ~20.5% of outstanding shares.

Key Details

  • Warrant Exercise: 6,500,000 warrants exercised early (originally issued in October 2025 financing).
  • Exercise Price: C$0.60 per warrant.
  • Gross Proceeds: C$3.9 million to the Company.
  • Resulting Ownership: Gil Clausen now holds 26,221,198 Edge Copper common shares (~20.5% of issued and outstanding shares).
  • Use of Proceeds: Supporting ongoing exploration, project advancement activities at the Zonia Copper Project, and general corporate purposes.
  • Warrant Expiry: Previously scheduled to expire on April 30, 2027; exercised ahead of schedule.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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