CopAur Minerals To Acquire The Royal Vindicator Project
888-700 West Georgia, Vancouver, BC, V7Y 1G5
CopAur Minerals To Acquire The Royal Vindicator Project
Vancouver, B.C. July 7, 2025 – CopAur Minerals Inc. (TSXV: CPAU) (“CopAur” or the“Company”)
announces that it has entered into an arms-length purchase agreement (the “Purchase
Agreement“) to acquire all the issued and outstanding shares of Chester Holdings Inc. and its
subsidiary Chester Holdings USA Inc. (the “Acquisition”). Chester Holdings USA Inc. is the holder
of rights under a lease agreement entered in 2017 (the “RV Lease”) that grant rights for a 20 year
term to access, seek permits and to mine and process tailings and bedrock from the Royal
Vindicator property located in Haralson County, Georgia, USA, consisting of 235.8 hectares of
contiguous private property including the former Royal Vindicator mine site (the “RV Mining
Project”). All materials including bedrock and tailings materials are available for excavation and
process under the terms of the RV Lease. The parties to the Purchase Agreement are Chester
Holdings Inc., a private British Columbia company controlled by Chester Millar, Chester Holdings
USA Inc., a Georgia corporation, and the shareholders of Chester Holdings Inc. and Chester
Holdings USA Inc.
In connection with the Acquisition, Chester Millar, a pioneer of heap leach extraction and a
member of the Canadian Mining Hall of Fame, and his team of heap leach specialists have agreed
to work with CopAur on this project and CopAur ’s Kinsley and Troy Canyon Projects.
CEO Jeremy Yaseniuk said “ We are excited to work with Chester and his team on this project to
shorten our timeline for development and take advantage of this elevated gold price.”
Terms of the Purchase Agreement
Purchase Price Under the terms of the Purchase Agreement, CopAur has agreed to purchase all
of issued and outstanding shares of Chester Holdings Inc. from the vendors in consideration of
US$6,569,811.31 payable to the vendors as follows:
a. US$700,000 in cash consideration payable at closing, which includes a US$50,000
refundable deposit payable on execution of the Purchase Agreement,
b. the payment at closing of US$2,500,000 in cash or common shares of CopAur or a
combination thereof at CopAur’s discretion, and
c. the repayment by CopAur over a six year period from closing of US$3,369,811.31 of
outstanding debt obligations owing by Chester Holdings USA Inc. to certain lenders
related to Chester Holdings USA Inc.
Additional Payments and Financing Obligation
CopAur is required under the Purchase Agreement to make working capital contributions for the
2025 year in the aggregate amount of US$1,000,000 to advance mining operations and pay
advance royalty obligations under the RV Lease. CopAur is required to reimburse US$250,000 to
an unrelated third party. CopAur will pay a US$250,000 finder’s fee to Sibling Rivalry Investments
Inc., a company at arm’s length to CopAur. CopAur is also obligated to make an additional
payment to the vendors of US$10 per gold ounce for all new resources added to the RV Mining
Project within the first 12 months following closing.
The Acquisition is subject to CopAur completing a minimum financing of US$1,850,000 on or
before August 15, 2025 or such other date as may be mutually agreed by the parties to the
Purchase Agreement. The Company is evaluating potential sources of debt and equity financing
and hopes to provide an update on financing required to complete the purchase under the
Purchase Agreement and to conduct future operations at the RV Mining Project.
The Acquisition is subject to acceptance of the TSX Venture Exchange, which cannot be
guaranteed.
Additional Information Regarding Option Grant
The Company previously disclosed (see news release disseminated July 7, 2025) that its directors
have approved a grant of 4,200,000 stock options (“ Options”) under its stock option plan to
directors, officers, employees, and consultants of the Company. The Options have a five year
term and pricing will be fixed in accordance with the TSXV policies and subject to TSXV
acceptance.
About CopAur
CopAur is an exploration company focused on developing projects within the emerging, mineral-
rich mining regions of Nevada. The Company is backed by a dynamic and experienced team of
resource professionals advancing its projects in Nevada with the flagship project being Kinsley
Mountain Gold Project, a Carlin -style project located 90 kilometres south of the Long Canyon
mine (currently in production under the Newmont/Barrick joint venture, Nevada Gold Mines).
On Behalf Of The Board Of CopAur Minerals Inc.
Jeremy Yaseniuk, Chief Executive Officer
For more information, please contact:
Jeremy Yaseniuk, Chief Executive Officer & Director
Tel: +1 (604) 773-1467
Email: [email protected]
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.
Forward Looking Information
This news release contains forward-looking statements. All such statements involve substantial known and
unknown risks, uncertainties and other factors which may cause the actual results to vary from those
expressed or implied by such forward-looking statements. Forward-looking statements involve significant
risks and uncertainties, they should not be read as guarantees of future performance or results and they
will not necessarily be accurate indications of whether or not such results will be achieved. Act ual results
could differ materially from those anticipated due to a number of factors and risks. Although the forward-
looking statements contained in this news release are based upon what management of the Company
believes are reasonable assumptions on the date of this news release, the Company cannot assure
investors that actual results will be consistent with these forward-looking statements. The forward-looking
statements contained in this press release are made as of the date hereof and the Company disclaims any
intention or obligation to update or revised any forward-looking statements whether as a result of new
information, future events or otherwise, except as required under applicable securities regulations.