World Copper Provides Plata Latina Transaction Update and Announces Termination of At-The-Market Equity Program
#1570 - 200 Burrard Street
Vancouver, BC, Canada, V6C 3L6
T: 604-638-3287 / F: 604-408-7499
www.worldcopperltd.com
NR-25-09 September 18, 2025
World Copper Provides Plata Latina Transaction Update and
Announces Termination of At-The-Market Equity Program
FOR IMMEDIATE RELEASE...Vancouver, British Columbia: World Copper Ltd. ( “World Copper” or
the “Company”); TSXV: WCU, OTCQB: WCUFF, FSE:7LY0) is pleased to provide an update on the
recently announced definitive arrangement agreement (the “Arrangement Agreement ”) entered into
between Plata Latina Minerals Corporation (“Plata Latina”) and World Copper on July 22, 2025 for the
sale of the Zonia copper project (the “Zonia Project”) to Plata Latina by way of a court-approved plan of
arrangement (the “Arrangement”) announced on July 23, 2025 (see news release).
Transaction Recap
• Under the Arrangement, World Copper will sell the Zonia Project to Plata Latina.
• World Copper shareholders will maintain their current World Copper share position and receive
approximately 0.3744 Plata Latina shares for each World Copper share held.1
• This will give World Copper and World Copper shareholders a combined 31.3% ownership of Plata
Latina, which is expected to change its name to “Edge Copper Corporation”, upon the closing of
the Arrangement.
• In addition to the Plata Latina shares received by World Copper shareholders, Plata Latina will pay
CAD $10.5 million in cash and issue 15 million Plata Latina shares to W orld Copper, with the
transaction being valued at approximately CAD $22 million.2
• A concurrent financing of CAD $17 million has been secured by Plata Latina to finance the cash
consideration payable under the Arrangement and to fund exploration and development of the
Zonia Project, including drilling, metallurgical test work, feasibility study work and permitting
work, and for general working capital and corporate purposes.
• Post-Arrangement and after satisfying the amounts owed to creditors of the Company and its
subsidiaries, World Copper is expected to be debt free and hold at least CAD $500,000 in cash and
5 million Plata Latina shares.
• World Copper shareholders can expect to see a dual benefit from the Arrangement as they will
thereafter hold positions in both Plata Latina and World Copper upon closing and will benefit from
the Plata Latina management team’s experience in Arizona and its stron g track record of creating
value through resource growth.
• As a result of the Arrangement , Plata Latina expects to become a development -focused copper
company poised to advance the 100%-owned Zonia Project in Arizona.
Transaction Update & Next Steps
World Copper is pleased to announce that it has obtained an interim order (the “ Interim Order”) of the
Supreme Court of British Columbia in connection with the Arrangement, which is to be completed by way
of a court -approved plan of arrangement under the provisions of the Business Corporations Act (British
Columbia). The Interim Order provides for the holding of a special meeting (the “Meeting”) of World
Copper shareholders to consider and vote on a special resolution approving the Arrangement (the
World Copper Ltd. 2 September 18, 2025
NR-25-09 Continued
“Arrangement Resolution”). The Meeting is scheduled to be held at World Copper ’s offices located at
1570 – 200 Burrard Street, Vancouver, British Columbia, Canada on October 16, 2025, at 9:30 a.m.
(Vancouver time) and the record date for determining World Copper shareholders entitled to receive notice
of and vote at the Meeting was fixed as at the close of business on August 26, 2025. All of World Copper’s
insiders and certain other World Copper shareholders representing approximately 29% of the issued and
outstanding World Copper shares have entered into voting and support agreements to support the
Arrangement.
Meeting Materials
In connection with the Meeting, World Copper will be mailing the joint management information circular
of Plata Latina and World Copper (the “Circular”), letter of transmittal and related meeting materials
(collectively, the “Meeting Materials”) to World Copper shareholders. Shareholders are urged to carefully
review all Meeting Materials as they contain important information concerning the Arrangement and the
rights and entitlements of the shareholders in relation thereto. The Meeting Materials will also be available
under World Copper’s profile on SEDAR+ at www.sedarplus.ca once they have been sent to shareholders
in the coming days.
Investors are cautioned that, except as disclosed in the Circular prepared in connection with the
Arrangement, any information released or received with respect to the Arrangement may not be accurate
or complete and should not be relied upon.
Timing to Closing
Subject to obtaining the final order of the Court approving the Arrangement, the required approvals from
World Copper’s shareholders at the Meeting, the required approvals from Plata Latina shareholders at the
special meeting of Plata Latina shareholders, required regulatory approvals, and the satisfaction of all other
conditions to implementing the Arrangement as set out in the Arrangement Agreement, the Arrangement is
anticipated to be completed in October 2025.
Gordon Neal, World Copper CEO , stated: “In a market where a copper deficit has been creating rising
copper prices, the Zonia Project was a primary asset to be put back into production in the Unites States.
We had many offers for strategic partnerships to develop the Zonia Project, but we believe that the Plata
Latina team will bring the best value to World Copper shareholders. World Copper shareholders will
benefit from holding both Plata Latina and World Copper shares upon completion of the Arrangement. I
want to thank shareholders for their patience as we navigate through this process and work on the next steps
to deliver value.”
Termination of At-The-Market Equity Program
World Copper also announces the termination of its at-the-market equity program (the “ATM Program”),
previously announced in the Company’s news release dated July 18, 2024. The ATM Program previously
allowed World Copper to issue and sell common shares from treasury having an aggregate gross sales
amount of up to $25,000,000 through BMO Capital Markets, acting as sole agent. The ATM Program was
originally implemented to raise funds for advancing the Zonia Project and for general working capital
purposes. The decision to terminate the ATM Program was made in anticipation of the sale of the Zonia
Project to Plata Latina pursuant to the Arrangement. As of the termination date, the ATM Program
generated aggregate gross proceeds of approximately $3,501,949.
World Copper Ltd. 3 September 18, 2025
NR-25-09 Continued
Endnotes
(1) The final exchange ratio will be determined at closing depending on, among other things, the
number of then- issued and outstanding Plata Latina s hares and World Copper Shares. The
exchange ratio of approximately 0.3744 is based on the number of issued and outstanding Plata
Latina shares and World Copper Shares on a non- diluted basis, being 79,034,671 Plata Latina
Shares and 262,931,067 World Copper Shares.
(2) The approximate transaction value includes CAD $10.5 million cash consideration and
consideration in the form of Plata Latina shares valued at CAD $11.3 million based on the 30-day
volume-weighted average price of the Plata Latina shares on the TSX Venture Exchange as of July
22, 2025 (being the last trading day prior to the public announcement of the Arrangement).
About World Copper Ltd.
World Copper Ltd., headquartered in Vancouver, BC, is a Canadian resource company focused on the
exploration and development of its Zonia copper project in Arizona.
Detailed information is available at World Copper’s website at www.worldcopperltd.com, and for general
World Copper updates you may follow us on our social media pages via Facebook, X & LinkedIn.
For further information, please contact:
Gordon Neal
President & Chief Executive Officer
Telephone: 604-638-3287
Email: [email protected]
Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward -looking statements and forward- looking information (collectively, “forward
looking statements”) within the meaning of applicable Canadian and U.S. securities legislation. All statements, other
than statements of historical fact, included herein including, without limitation, statements regarding the completion
of the Arrangement , the expectation that the Company will be debt free post -Arrangement, the completion of all
conditions precedent to the Arrangement, including re ceipt of all necessary shareholder and regulatory approvals ,
the timing for holding the Meeting and mailing the Meeting Materials , and the expectation that World Copper will
obtain the F inal Order, are forward-looking statements. Although the Company believes that such statements are
reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are
typically identified by words such as: “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “may”,
“should”, “would”, “will”, “potential”, “scheduled” or variations of such words and phrases and similar
expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be
taken or achieved. In making the forward-looking statements in this news release, World Copper has applied several
material assumptions, including without limitation, that market fundamentals will result in sustained copper demand
and prices, the receipt of any necessary permi ts, licences and regulatory approvals in connection with the
Arrangement in a timely manner, the availability of financing on suitable terms for the continued operation of World
Copper’s business and its ability to comply with environmental, health and safety laws.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to differ materially from any future results, performance
or achievements expressed o r implied by the forward- looking information. Such risks and other factors include,
among others, the Company ’s inability to source new assets, the Company may be exposed to risks to which Plata
Latina is exposed, the Company is subject to public issuer compliance and listing obligations, the market value of the
World Copper Ltd. 4 September 18, 2025
NR-25-09 Continued
Plata Latina shares received in connection with the Arrangement, the exchange ratio could change, the Company
could be liable for a termination payment in certain circumstances, prior to the completion of the Arrangement the
Company is restricted from taking certain actions, the Arrangement may divert management’s attention, the Company
will incur substantial transaction costs in connection with the Arrangement and if the Arrangement is not completed
the costs may be significant and could have a material adverse effect on the Company , requirements for additional
capital, actual results of exploration activities, including on the Company ’s projects, the estimation or realization of
mineral reserves and mineral resources, future prices of copper, changes in general economic conditions, changes in
the financial markets and in the demand and market price for commodities, lack of investor interest in future financings,
accidents, labour disputes and other risks of the mining industry, delays in obtaining governmental approvals
(including of the TSX Venture Exchange), permits or financing or in the completion of other planned activities, risks
relating to epidemics or pandemics, including impacts on the Company ’s business, financial condition and results of
operations, changes in laws, regulations and policies affecting mining operations, title disputes, the timing and
possible outcome of any pending litigation, environmental issues and liabilities, as well as the risk factors described
in the Circular and in other filings made by the Company with Canadian securities regulatory authorities under the
Company’s profile at www.sedarplus.ca.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not undertake
any obligation to update any of the forward- looking statements in this news release or incorporated by reference
herein, except as otherwise required by law.