Coppernico Metals Secures Approximately C$1 Million Strategic Financing
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Coppernico Metals Secures Approximately C$1 Million
Strategic Financing
Vancouver, Canada – August 6, 2026 – Coppernico Metals Inc. (TSX: COPR, OTCQB: CPPMF , FSE: 9I3)
(“Coppernico” or the “Company ”) is pleased to announce that it has closed a non -brokered private
placement financing (the “Offering”) for aggregate gross proceeds of C$995,349.60. Under the Offering, the
Company issued 2,843,856 units (the “Units”) at a price of C$0.35 per Unit. The Offering was placed with two
subscribers, primarily including participation by Teck Resources Limited (“Teck”) to maintain its previous
9.9% interest on a non-diluted basis.
Each Unit consists of one common share of the Company (a “Share”) and one common share purchase
warrant (a “Warrant”). Each Warrant entitles the holder to acquire one additional Share at an exercise price
of C$0.50 until August 6, 2028.
The Company intends to use the net proceeds from the Offering to advance drill permitting and community
agreements in support of future exploration activities at its Sombrero Project in Peru, to pursue additional
corporate and project -related initiatives and milestones , and for general corporate and working capital
purposes.
Ivan Bebek, Chair and CEO of Coppernico, commented, "We are pleased to have Teck's continued support
through this financing, which follows our recently completed oversubscribed LIFE offering. We are entering
into what we believe will be the most transformative chapter in our history.
After years of disciplined technical work, permitting, and community engagement, Sombrero is
approaching a defining moment. As key drill permits advance, we are preparing to commence drilling at
Sombrero in the second half of this year, a highly compelling copper-gold opportunity with the potential to
deliver both exceptional grades and a district-scale discovery.
Sombrero is a unique exploration asset defined by the opportunities for grade and scale . With a
strengthening copper market, a supportive long-term supply-demand outlook, and multiple catalysts now
converging, we believe the foundation has been laid for a period of potential meaningful value creation. We
look forward to advancing the project and the potential we see at Sombrero."
Teck’s Participation and Early Warning Disclosure
Under the Offering, Teck acquired 1,843,856 Units at a price of C$0.35 per Unit for aggregate consideration
of C$645,349.60. Immediately prior to the issuance of the Units, Teck owned 17,546,580 Shares, representing
approximately 9.1% of Coppernico's issued and outstanding Shares on a non -diluted basis. Immediately
following the completion of the issuance of the Units, Teck now beneficially owns, directly or indirectly, or
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exercises control or direction over: (i ) 19,390,436 Shares, representing a 9.9% interest in the current
outstanding Shares on a non-diluted basis, and (ii) 1,843,856 Warrants. If the Warrants are exercised, Teck’s
ownership percentage will increase to a maximum of 10.74% of outstanding Shares on a partially diluted
basis, meaning if other Coppernico dilutive securities remained unexercised at the time.
In connection with Teck’s participation in the Offering, Teck is entitled to a two-year continuation (provided
that Teck retains ownership of at least 8% of the issued and outstanding shares in the capital of Coppernico
on a non -diluted basis) of: (i ) its equity participation rights to maintain its pro rata interest in future
financings, subject to customary carve -outs for incentive options and strategic acquisitions in respect of
which Teck will have a top -up right and (ii) the right to match any thi rd-party investor that purchases a
number of Shares from Coppernico’s treasury that is greater than the number of Shares then held by Teck.
Teck has also agreed that any proposed sale of its Shares and Warrants in excess of 2% of the Company’s
issued Shares will continue to be s ubject to the Company ’s right to promptly designate a preferred
purchaser if it has one.
Teck has advised Coppernico that Teck’s purchase of the Units was made for investment purposes. Teck
may determine to increase or decrease its investment in Coppernico depending on market conditions and
any other relevant factors. This information is requi red to be issued by Teck under the early warning
requirements of applicable securities laws. Teck’s head office is located at Suite 3300 – 550 Burrard Street,
Vancouver, BC, V6C 0B3. In satisfaction of the requirements of the National Instrument 62-104 - Take-Over
Bids and Issuer Bids and National Instrument 62 -103 - The Early Warning System and Related Take-Over
Bid and Insider Reporting Issues, early warning reports respecting the ac quisition of the Units by Teck or
its affiliates will be filed under Teck’s profile on SEDAR+ at www.sedarplus.ca. A copy of Teck's early warning
report to be filed in connection with its purchase of the Units may also be obtained by contacting Dale
Steeves at 236-987-7405
All of the securities issued pursuant to the Offering are subject to a four -month hold period in accordance
with applicable Canadian securities laws. The Toronto Stock Exchange (“TSX”) has conditionally approved
the listing of the Unit Shares and any Shares that would be issued on exercise of the Warrants , with final
TSX approval expected upon the Company filing customary closing documents. The securities issued
pursuant to the Offering have not been, nor will they be, registered under the United States Securities Act
of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or
benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U. S.
registration requirements. These securities have been sold and this press release appears as matter of
record only. Resales of any Shares or Warrants that may be placed within the United States will be restricted
in accordance with applicable laws.
ON BEHALF OF THE BOARD OF DIRECTORS
Ivan Bebek
Chair & CEO
For further information, please contact:
Coppernico Metals Inc.
Phone: +1 778 729 0600
Email: [email protected]
Website: www.coppernicometals.com
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Twitter: @CoppernicoMetal
LinkedIn: www.linkedin.com/company/coppernico-metals/
About Coppernico
Coppernico is a mineral exploration company focused on creating value for shareholders and stakeholders
through diligent project evaluation and exploration, in pursuit of the discovery of large-scale high-grade
copper-gold deposits in the Americas. The Company’s management and technical teams have a successful
track record of raising capital, discovery and the monetization of exploration successes. The Company's
objective is to become a leading advanced copper an d gold explorer, and through its wholly owned
Peruvian subsidiary Sombrero Minerales S.A.C., is currently focused on the Ccascabamba (previously
referred to as Sombrero Main) and Nioc target areas within the Sombrero Project in Peru, its flagship project,
while regularly reviewing additional premium projects to consider for acquisition.
The Sombrero Project is a land package of approximately 5 7,000 hectares (570 square kilometres) located
in the north -western margins of the world -renowned Andahuaylas-Yauri trend in Peru. It consists of a
number of prospective exploration targets characterized by copper-gold skarn and porphyry systems and
precious metal epithermal systems. The Company’s NI 43-101 technical report, with an effective date of April
17, 2024, and as filed on SEDAR+ on May 23, 2024, focuses on the Ccascabamba and Nioc target areas of the
Sombrero Project. The Tipicancha target was determined subsequent to the date of that report.
Common shares of Coppernico Metals Inc. are listed on the TSX under the symbol “COPR”, trades on the
OTCQB Venture Market under symbol “CPPMF” and is quoted over the counter by certain dealers in the
Unofficial Market of the Frankfurt Stock Exchange under the symbol “9I3”. More information about
Coppernico can be found on the Company’s profile on SEDAR+ (www.sedarplus.ca).
Cautionary Note
No regulatory organization has approved the contents hereof.
This news release contains forward -looking statements and forward -looking information within the
meaning of Canadian securities legislation (collectively, “ forward-looking statements”). Forward-looking
statements are often identified by terms such as “may”, “should”, “anticipate”, “expect”, “intend” and similar
expressions and include, but are not limited to, statements with respect t o: the intended use of proceeds
from the Offering; the advancement of permitting and future exploration activities at the Sombrero Project,
including the anticipated commencement of drilling in the second half of 2026; the mineral potential of the
Sombrero Project; Teck’s ownership and related rights, including the potential exercise of Warrants and
future acquisitions or dispositions of the Company’s securities; and receipt of final TSX approval. No certainty
can be given that these expectations will prove to be correct and such forward-looking statements included
in this news release should not be heavily relied upon. Forward-looking statements are based on a number
of assumptions and are subject to a number of risks and uncertainties, many of which are beyond the
Company’s control, which could cause actual results and events to differ materially from those that are
disclosed in or implied by such forward -looking statements. Readers should refer to the risks dis cussed in
the Company’s 202 5 Annual Information Form and other continuous disclosure filings with the Canadian
Securities Administrators, available at www.sedarplus.ca. These factors are not, and should not be construed
as being, exhaustive. Accordingly, readers should not place heavy reliance on forward-looking statements.
The forward-looking statements contained in this new s release are expressly qualified by this cautionary
statement. Any forward-looking information and the assumptions made with respect thereto speak only
as of the date of this news release. The Company does not undertake any obligation to publicly update or
revise any forward-looking information after the date of this news release to conform such information to
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actual results or to changes in the Company’s expectations except as otherwise required by applicable
legislation.