Cascadia Completes Shares for Debt Settlements
Cascadia Completes Shares for Debt
Settlements
VANCOUVER, BC
,
Aug. 26, 2025
/CNW/ - Cascadia Minerals Ltd. ("
Cascadia
") (TSXV: CAM)
(OTCQB: CAMNF) announces that it has completed the shares for debt settlements which were the
subject of its news release dated
August 20, 2025
.
Timothy Johnson
, the former Chief Executive Officer and President of Granite Creek Copper Ltd.
("
Granite Creek
") has been issued 1,169,666 common shares of Cascadia. A further 1,533,217
Cascadia common shares were issued in settlement of a severance liability owed by Granite Creek
relating to its prior acquisition of Copper North Mining Corp. Further details are contained in
Cascadia's
August 20, 2025
news release.
The shares were issued at a price of
$0.15389
per share, being the volume-weighted average
trading price of Cascadia's common shares on the TSX Venture Exchange for the five trading days
following completion of Cascadia's acquisition of Granite Creek, which closed on
August 13, 2025
.
The shares issued to Mr. Johnson were distributed under the prospectus exemption contained in
section 2.24 (1) of National Instrument NI 45-106 of the Canadian Securities Administrators. All of
the shares are subject to a hold period under applicable securities laws which ends on
December
27, 2025
.
About Cascadia
Cascadia's flagship asset is the Carmacks Project in the high-grade
Minto
copper district in
Yukon
Territory, Canada
. The project is located south of and within 35km of the past-producing
Minto
mine,
which was recently acquired by Selkirk Copper Mines. The Carmacks Project hosts a Measured and
Indicated Resource containing 651 Mlbs of copper and 302 koz of gold (36.3 million tonnes grading
0.81 % copper, 0.26 g/t gold, and 3.23 g/t silver and 0.01% molybdenum) with a 2023 PEA
demonstrating positive economic potential (
$230.5 M
Post-Tax NPV
(5%)
and 29% Post-Tax IRR).
Cascadia also has a pipeline of discovery stage copper-gold properties throughout the Yukon Stikine
Terrane including its Catch Property, which hosts a copper-gold porphyry discovery where inaugural
drill results returned broad intervals of mineralization (
116.60 m
of 0.31% copper with 0.30 g/t gold).
Catch exhibits extensive high-grade copper and gold mineralization across a 5 km long trend, with
rock samples returning peak values of 3.88% copper, 1,065 g/t gold, and 267 g/t silver.
QA/QC
The technical information in this news release has been approved by
Andrew Carne
, P.Eng., VP
Corporate Development for Cascadia and a qualified person for the purposes of National Instrument
43-101.
Prospecting grab samples referenced in this release represent highlight results only, and include
results from 2024 and previous seasons. Below detection values for copper, gold and silver have
been encountered in grab samples in these target areas. For more details on Catch drilling and
prospecting results, please see Cascadia's News Releases dated
July 25, 2024
, and
July 19
,
2023. The Mineral Resources and economic analysis disclosed here are referenced from the 2023
Technical Report on the Carmacks Project Preliminary Economic Assessment, authored by SGS
Canada Inc. Pricing for the Carmacks Project PEA base case economic analysis was US
$3.75
/lb
copper, US
$1,800
/oz gold, and US
$22
/oz silver at an exchange rate of
$1
:
US$0.75
. The results of
the
Carmacks
preliminary economic assessment are preliminary in nature, it includes inferred mineral
resources that are considered too speculative geologically to have the economic considerations
applied to them that would enable them to be categorized as mineral reserves, and there is no
certainty that the preliminary economic assessment will be realized.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS
THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
Cautionary note regarding forward-looking statements:
This press release may contain "forward-looking information" within the meaning of applicable
securities laws. Readers are cautioned to not place undue reliance on forward-looking information.
Actual results and developments may differ materially from those contemplated by these
statements. The statements in this press release are made as of the date of this press release.
Cascadia undertakes no obligation to update forward-looking information, except as required by
securities laws.
SOURCE
Cascadia Minerals Ltd.
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For further information:
For further information, please contact: Andrew Carne, M.Eng., P.Eng.,
VP Corporate Development, Cascadia Minerals Ltd., T: 604-688-0111 ext. 106,
CO: Cascadia Minerals Ltd.
CNW 08:00e 26-AUG-25