Uranium One Mining Corp. and Copper One Resources Corp. Announce Property Purchase Agreement
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News Release May 1, 2026
Uranium One Mining Corp. and Copper One Resources
Corp. Announce Property Purchase Agreement
-NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES-
Vancouver, BC – May 1, 2026 – Uranium One Mining Corp. ("Uranium One") (CSE:
UUU | OTC: UUUFD | FWB: SL5) and Copper One Resources Corp. (“Copper One”) (CSE:
BFG | OTC: BFGFD | FWB: YW5) (collectively, the “Companies”) are pleased to announce
that the Companies have entered into a property purchase agreement ( the “Definitive
Agreement”). Pursuant to the Definitive Agreement, Copper One will acquire a 100%
undivided legal and beneficial interest in nine mineral claims known as the Redonda Copper
property located northeast of Campbell River in the Vancouver Mining Division of British
Columbia (the “Property”) from Uranium One (the “Proposed Transaction”).
Transaction Terms
Pursuant to the terms of the Definitive Agreement, as consideration for the acquisition of
the Property, Copper One will pay to Uranium One the sum of C$1,100,000 (the
“Consideration Cash”), payable on the closing date. Copper One will acquire the Property
free and clear of all encumbrances other than a 3% net smelter return royalty in favour of
Homegold Resources Ltd. (“Homegold”) on commencement of commercial production (the
“Homegold NSR”) and other permitted encumbrances as set out in the Definitive
Agreement. Under the Definitive Agreement, Copper One has covenanted to assume,
comply with, and perform all obligations of the owner of the Property in respect of the
Homegold NSR
The Proposed Transaction remains subject to certain closing conditions including, without
limitation, (a) the payment by Uranium One of its outstanding deferred balance of
C$300,000 to Homegold on or before December 25, 2026, to enable Uranium One to
acquire and convey to Copper One a 100% undivided legal and beneficial interest in the
Property, subject to the Homegold NSR, (b) the delivery by Uranium One of all duly
executed instruments of transfer necessary to transfer its interest in the Property to Copper
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One, including all documents required to initiate a bill of sale process on the Mineral Titles
Online system in connection with such transfer, (c) the receipt by each party of all necessary
consents and approvals, (d) each party’s representations and warranties in the Definitive
Agreement being true and correct in all material respects as of the closing date, and (e)
each party completing its covenants and obligations as contained in the Definitive
Agreement. There can be no guarantees that the Proposed Transaction will be completed
as contemplated or at all.
As David Greenway is a director and officer of both Uranium One and Copper One, the
Proposed Transaction is considered a “related party transaction” as this term is defined in
Multilateral Instrument 61-101 - Protection of Minority Securityholders in Special
Transactions (“MI 61-101”). Uranium One and Copper One are relying on the exemption
from valuation requirement and minority approval pursuant to subsections 5.5(a) and
5.7(1)(a) of MI 61-101, respectively, as the Consideration Cash does not represent more
than 25% of either Uranium One or Copper One’s market capitalization, as determined in
accordance with MI 61-101.
About Uranium One Mining Corp.
Uranium One is a Canadian mineral exploration company focused on the discovery and
development of high-value strategic minerals. Uranium One is currently advancing
uranium exploration projects in the United States and Paraguay, with a focus on identifying
and developing assets critical to the global energy transition. Uranium One is committed
to responsible exploration and value creation through the acquisition and advancement of
highly prospective uranium properties.
About Copper One Resources Corp.
Copper One is focused on identifying, acquiring, and advancing late -stage copper and
copper/silver/gold projects to meet the growing global demand for critical metals. This
demand is driven by U.S. clean energy and electrification initiatives, including the Inflation
Reduction Act of 2022, and similar climate-focused programs worldwide, which require
substantial amounts of copper, silver, and gold for electric vehicles, renewable energy
infrastructure, and the modernization of clean and affordable energy systems.
Copper One’s flagship asset is the Majuba Hill Copper, Silver, and Gold District, located
156 miles (251 km) from Reno, Nevada. Majuba Hill benefits from a mining -friendly
regulatory environment and strong local infrastructure.
With a strengthened technical framework, supportive jurisdiction, and funded exploration
program, Copper One is focused on advancing Majuba Hill through systematic drilling and
technical evaluation. Copper One remains committed to responsible exploration, technical
transparency, and creating long -term shareholder value through discovery -focused
exploration.
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On Behalf of the Uranium One Mining Corp. Board of Directors:
"Richard Robbins"
Richard Robbins, CFO
On Behalf of the Copper One Resources Corp. Board of Directors:
“Natasha Doe"
Natasha Doe, CFO
For further information, please contact:
Uranium One Mining Corp.
Brent Rusin
Phone: +1 672-533-0348
Email: [email protected]
Website: www.uraniumone.com
Copper One Resources Corp.
Phone: +1 (236) 788-0643
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined
in the policies of the Canadian Securities Exchange) accepts responsibility for the
adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information
This news release may contain certain forward-looking statements and forward-looking
information (collectively, “Forward-Looking Statements”) within the meaning of the
applicable Canadian and U.S. securities laws. All statements, other than statements of
historical fact, included herein are forward-looking statements. When or if used in this news
release, the words “anticipate”, “believe”, “estimate”, “expect”, “target", “plan”, “forecast”,
“may”, “schedule” and similar words or expressions identify forward-looking statements or
information. Forward-Looking Statements in this news release include, without limitation,
statements relating to: the completion of the Proposed Transaction on the terms described
herein or at all; the satisfaction of the closing conditions to the Proposed Transaction,
including the receipt of all necessary regulatory, CSE, and third -party approvals and
consents; the making of the Consideration Cash payment from Copper One to Uranium
One; the making of the cash payment from Uranium One to Homegold; the anticipated
benefits of the Proposed Transaction to the Companies and their shareholders; Copper
One's plans with respect to the Property following completion of the Proposed Transaction;
and the Companies’ broader business objectives, exploration plans, and strategic direction.
Forward-Looking Statements are based on the reasonable assumptions, estimates,
expectations, and opinions of management of the Companies as of the date of this news
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release, and are necessarily subject to a number of known and unknown risks,
uncertainties, and other factors that may cause actual results, performance, or
achievements of the Companies to be materially different from those expressed or implied
by such Forward-Looking Statements, including but not limited to: the risk that the Proposed
Transaction is not completed on the terms described or at all; the failure to obtain required
regulatory, CSE, or third-party approvals or consents on a timely basis or at all; the risk that
due diligence reveals issues that affect the completion of the Proposed Transaction; risks
relating to the mineral exploration industry, including the inherent uncertainty of mineral
exploration and development; risks related to the title, ownership, and condition of the
mineral claims held by Uranium One; fluctuations in commodity prices, including copper or
uranium prices; changes in applicable laws, regulations, or government policies in Canada,
the United States, or any other relevant jurisdiction; general economic, market, and
business conditions; any other risks and uncertainties described from time to time in the
Companies’ public disclosure documents filed on SEDAR+ (www.sedarplus.ca). Although
the Companies believe that the assumptions underlying the Forward-Looking Statements
are reasonable, undue reliance should not be placed on these statements, which apply only
as of the date of this news release. The Forward-Looking Statements contained herein are
expressly qualified in their entirety by this cautionary note. The Companies do not undertake
any obligation to publicly update or revise any Forward-Looking Statements, whether as a
result of new information, future events, or otherwise, except as required by applicable
securities laws.
Readers are cautioned that the foregoing list of risks and uncertainties is not exhaustive.
Additional information about these and other risks and uncertainties is available in the
Companies’ public disclosure documents filed on SEDAR+ at www.sedarplus.ca.
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