Coast Copper Closes $1.48 Million Sale of One of its Three Toodoggone Properties
Coast Copper Closes $1.48 Million Sale of One
of its Three Toodoggone Properties
TSX.V: COCO
VANCOUVER, BC
,
Sept. 24, 2025
/CNW/ -
Coast Copper Corp. ("Coast Copper" or the
"Company")
(TSXV
:
COCO) is pleased to announce that it has completed the sale of its Borealis
property (the "
Property
") to Hi-View Resources Inc. ("
Hi-View
"), originally announced on
August 28, 2025
. Hi-View has acquired a 100% interest in Coast Copper's Borealis property located
in the Toodoggone District in northcentral
British Columbia
(the "
Transaction
"). In consideration, Hi-
View has:
paid Coast Copper
$500,000
in cash;
issued 3,500,000 Hi-View common shares ("Consideration Shares") to Coast Copper, subject to
certain contractual resale restrictions, valued at
$980,000
based on today's closing price of
$0.28
per Consideration Share; and
granted Coast Copper the right to a bonus payment under certain conditions.
Coast Copper will also retain a 3% net smelter return royalty subject to certain buyout provisions.
All Transaction terms are detailed in Coast Copper's news release dated
August 28, 2025
.
About Coast Copper Corp.
Coast Copper's primary exploration focus is the Empire Mine property, located on northern
Vancouver Island,
British Columbia
, which covers three historical open pit mines and two past-
producing underground mines that yielded iron, copper, gold, and silver. In 2023, Coast Copper
launched a generative program aimed at advancing its other properties in parallel with Empire. In
2025, Coast Copper acquired six new projects bringing its total number of 100% owned projects in
BC to thirteen, including the Empire Mine and Knob Hill NW properties located on northern
Vancouver Island, BC, and mineral properties in the Golden Triangle, Huckleberry, Anyox, Babine,
Toodoggone and Sullivan districts. Coast Copper's management team continue to actively review
precious and base metal opportunities in western
North America
.
On Behalf of the Board of Directors:
"Adam Travis"
Adam Travis
, Chief Executive Officer and Director
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 release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Certain information contained or incorporated by reference in this press release, including any
information
regarding
the Transaction, as to our strategy, projects, plans or future financial or
operating performance, constitutes "forward-looking statements." All statements, other than
statements of historical fact, are to be considered forward-looking statements. Forward-looking
statements are necessarily based on a number of estimates and assumptions that, while
considered reasonable by Coast Copper, are inherently subject to significant business, economic,
geological and competitive uncertainties and contingencies. Although Coast Copper believes the
expectations expressed in such forward-looking statements are based on reasonable assumptions,
such statements are not a guarantee of future performance. Known and unknown factors could
cause actual results to differ materially from those projected in the forward-looking statements.
Such factors include but are not limited to: fluctuations in market prices, exploration and
exploitation successes, continued availability of capital and financing, changes in national and
local government legislation, taxation, controls, regulations, expropriation or nationalization of
property and general political, economic, market or business conditions. Many of these
uncertainties and contingencies can affect our actual results and could cause actual results to
differ materially from those expressed or implied in any forward-looking statements made by, or on
behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future
performance and, therefore, readers are advised to rely on their own evaluation of such
uncertainties. All of the forward-looking statements made in this press release, or incorporated by
reference, are qualified by these cautionary statements. We do not assume any obligation to
update any forward-looking statements.
SOURCE
Coast Copper Corp.
View original content:
http://www.newswire.ca/en/releases/archive/September2025/24/c4488.html
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For further information:
For further information, please contact: Adam Travis, CEO, Coast Copper
Corp., 409 Granville Street, Suite 904, Vancouver, BC, V6C 1T2, Canada, P: 877-578-9563, E:
[email protected], NR25-07
CO: Coast Copper Corp.
CNW 07:30e 24-SEP-25