Highlights 

  • Canadian Copper closes an upsized non-brokered private placement for CAD 15M. 
  • Financing supports the acquisition of the Caribou Processing Complex and key development work. 
  • Shareholders approve all resolutions related to the placement and new control person. 
  • Crescat Capital secures participation rights to maintain a 5.4% pro-rata interest. 
  • The company announces a new CFO appointment and changes its auditor to McGovern Hurley LLP. 

Canadian Copper Inc. (CSE:CCI) has closed its previously announced non-brokered private placement for total proceeds of CAD 15M, issuing 75 million units at CAD 0.20 per unit. The upsized financing attracted significant investor interest, including new institutional participation from Stephens Investment Management LLC, led by well-known U.S.assetmanager Paul H. Stephens. 

CEO Simon Quick noted that this financing represents a meaningful step toward advancing the Company’s development plans in New Brunswick. With the proceeds, Canadian Copper intends to finalize theacquisitionof the Caribou Processing Complex and direct capital toward advancing the Murray Brook–Caribou integrated development strategy. Quick emphasized that, in light of federal priorities around critical mineral supply, Canadian Copper is well positioned to contribute to near-term base-metal production in Canada. 

The placement proceeds will support several scheduled initiatives, including the remaining CAD 6M payment to complete the Caribou transaction, environmental baseline studies required for the Environmental Impact Assessment, a 1,000-meter metallurgical drill program, and engineering design work associated with construction and operating permits. 

Canadian Copper shares closed17.24%higher at CAD 0.34 per share on 13 November 2025. 

Crescat Capital Agreement and Shareholder Approvals 

Crescat Capital LLC entered into a Shareholder Agreement and secured participation rights to maintain its pro-rata ownership interest, currently 5.4%, following the closing of the placement. This right allows Crescat to participate in futureequityfinancing under identical terms to other investors. 

At a special shareholder meeting held on November 10, 2025, shareholders overwhelmingly approved the private placement, its upsizing, and the participation of Ocean Partners as a new control person under CSE policies. Approximately 48.77% of shareholders voted, with nearly unanimous support for all resolutions. 

Corporate Changes: CFO Appointment and Auditor Transition 

Canadian Copper also announced the appointment of Erik H. Martin as its new Chief Financial Officer, succeeding Jing Peng of Marrelli Support Services Inc. Martin brings more than three decades of financial experience in the mining sector, including prior CFO roles in publicly listed resource companies and direct experience with the Murray Brook Project under its previous ownership. 

Additionally, the Company transitioned its auditor from Raymond Chabot Grant Thornton LLP to McGovern Hurley LLP, effective November 12, 2025. The change was approved by the Board and the incoming CFO. The Company confirmed that the former auditor’s reports contained no reservations, and that no reportable events occurred during their tenure. 

Conclusion 

Canadian Copper’s completion of its CAD 15M private placement, combined with key strategic and corporate developments, marks a pivotal phase for the company as it accelerates development activities in the Bathurst Mining Camp. With financing secured, shareholder support confirmed, and its leadership team strengthened, the company is positioned to advance its near-term project milestones, including the Caribou Processing Complex acquisition and upcoming EIA submission.