Copper Quest Acquiring New Copper-Gold Porphyry Project In The United States
COPPER QUEST ACQUIRING NEW COPPER-GOLD PORPHYRY PROJECT
IN THE UNITED STATES
HISTORICAL SURFACE COPPER GRADES, ADDITION TO TECHNICAL TEAM, CONCURRENT FINANCING
June 27, 2025, VANCOUVER, British Columbia – Copper Quest Exploration Inc. (CSE: CQX; OTCQB:
IMIMF; FRA: 3MX) (“Copper Quest” or the “Company”) is pleased to announce that it has entered
into a Letter of Intent to acquire a copper-gold porphyry project (the “Project”) located in the Western
United States, marking a new advancement in the Company’s mission to develop strategic copper
assets in high-priority jurisdictions.
The Project, currently privately held, has 70 contiguous unpatented federal mining claims and may
host a promising porphyry system with surface mineralization confirmed through historical chip
sampling by the US Bureau of Mines, returning grades of over 3% copper, 0.8 g/t gold and 25 g/t silver.
The acquisition would also bring with it a local lead geologist and turn-key technical support, providing
the Company with immediate on-the-ground expertise and technical continuity as exploration begins.
While the exact location remains confidential at this time, the Project lies within a regionally significant
porphyry belt known for its copper and gold potential. This acquisition aligns with Copper Quest’s
broader strategy to secure and develop copper projects amid a rapidly shifting geopolitical and supply
chain landscape.
Initial Work Program Objectives Include:
● Complete assays on samples from a recent sampling program
● High-resolution drone-based geophysical surveys
● Acquisition of historic but recent IP data
● Additional sampling, mapping, 3D IP Survey and Geophysics
● AI interpretation and study of project data
● Drill permitting and targeting for an inaugural drill program
“This acquisition represents a promising new venture which only complements our current portfolio
of projects,” said Brian Thurston, CEO of Copper Quest. He added, “We are securing a potential
porphyry system in a jurisdiction increasingly recognized as critical to the future of copper and mineral
production. With significant surface mineralization, experienced on the ground technical support, and
strategic alignment with North American copper supply goals, we believe this project positions Copper
Quest for meaningful growth in a tightening global copper market.”
Transaction Terms and Financing
Under the terms of the Letter of Intent and subject to the completion of due diligence and the
execution of a definitive agreement, Copper Quest will issue 4,250,000 common shares to the vendor,
in exchange for 100% ownership of the Project. A finder’s fee payable in common shares of the
Company will be applicable. The common shares of the Company to be issued in connection with the
transaction will be escrowed with staged releases over 16 months from the date of closing.
As a condition to closing the transaction, the Company also announces a non-brokered private
placement financing of a minimum of $1,000,000, consisting of at least 13,333,334 units of the
Company (“Units”) priced at $0.075 per Unit. Each Unit shall comprise one common share of the
Company and one common share purchase warrant (“Warrant”) of the Company, with each Warrant
exercisable at $0.15 for a period of two years (the “Private Placement”). Proceeds from the financing
will be used to advance exploration on the new project and for general working capital purposes.
The acquisition of the Project and completion of the Private Placement are subject to the receipt of all
requisite regulatory approvals, including the approval of the Canadian Securities Exchange.
Qualified Person
Brian Thurston, P.Geo., the Company’s CEO and a Qualified Person as defined by National Instrument
43-101 Standards of Disclosure for Mineral Projects , has reviewed and approved the technical
information in this news release.
About Copper
Copper is the backbone of the global industrial economy and an essential material in clean energy,
transportation, communications, and computing infrastructure - used in electric vehicles, power grids,
wind turbines, and semiconductors. Copper demand is projected to exceed supply by over 6 million
tonnes by 2032 as electrification accelerates globally according to Bloomberg Intelligence's “Global
Copper 2024 Industry Outlook: From near -term glut to long-term scarcity” report, published
on December 1, 2023.
About Copper in the U.S.
Copper is increasingly viewed as a strategic and energy -critical material by the United States
government. In 2025, President Donald J. Trump signed an Executive Order launching a federal
investigation into the U.S. copper supply chain, aimed at reducing foreign dependence and improving
domestic resource security. With billions in infrastructure and clean energy investments on the line,
securing U.S.-based copper projects has become an urgent economic and geopolitical priority.
About Copper Quest Inc.
Copper Quest (CSE: CQX; OTCQB: IMIMF; FRA: 3MX) is focused on building shareholder value through
the exploration and development of its North American Critical Mineral portfolio of assets. The
Company’s land package currently comprises four projects that span over 40,000+ hectares in great
mining jurisdictions.
Copper Quest has a 100% interest in the Stars Property, a porphyry copper-molybdenum discovery,
covering 9,693 hectares in central British Columbia’s Bulkley Porphyry Belt. Contiguous to the Stars
Property Copper Quest has a 100% interest in the 5,389 ha Stellar Property. CQX also has an earn-in
option up to 80% and joint-venture agreement on the 4,700 ha porphyry copper-molybdenum Rip
Project, also in the Bulkley Porphyry Belt.
Copper Quest has a 100% interest in the Thane Project located in the Quesnel Terrane of Northern
BC which spans over 20,658 ha with 10 high-priority targets identified demonstrating significant
copper and precious metal mineralization potential.
Copper Quest’s leadership and advisory teams are senior mining industry executives who have a
wealth of technical and capital markets experience and a strong track record of discovering, financing,
developing, and operating mining projects on a global scal e. Copper Quest is committed to
sustainable and responsible business activities in line with industry best practices, supportive of all
stakeholders, including the local communities in which it operates. The Company’s common shares
are principally listed on the Canadian Stock Exchange under the symbol “CQX”. For more information
on Copper Quest, please visit the Company’s website at Copper Quest.
On behalf of the Board of Copper Quest Exploration Inc.
Brian Thurston, P.Geo.
Chief Executive Officer and Director
Tel: 778-949-1829
For further information contact:
Kelly Abbott
Investor Relations
Forward Looking Information
This news release contains certain “forward-looking information” and “forward-looking statements”
(collectively, “forward-looking statements”) within the meaning of applicable securities legislation.
All statements, other than statements of historical fact included herein, including without limitation,
statements relating the future operations and activities of Copper Quest, are forward -looking
statements. Forward-looking statements are frequently, but not always, identified by words such as
“expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible”, and similar
expressions, or statements that events, conditions, or results “will”, “may”, “could”, or “should” occur
or be achieved. Forward-looking statements in this news release relate to, among other things, the
acquisition of the Project and future exploration thereof, including any required government
approvals, the merits of the Project, the completion of the Private Placement and issuance of
securities in connection therewith, and the receipt of required regulatory approvals. There can be no
assurance that such statements will prove to be accurate, and actual results and future events could
differ materially from those anticipated in such statements. Forward-looking statements reflect the
beliefs, opinions and projections on the date the statements are made and are based upon a number
of assumptions and estimates that, while considered reasonable by Copper Quest, are inherently
subject to significant business, economic, competitive, political and social uncertainties and
contingencies. Many factors, both known and unknown, could cause actual results, performance or
achievements to be materially different from the results, performance or achievements that are or
may be expressed or implied by such forward -looking statements and the parties have made
assumptions and estimates based on or related to many of these factors. Such factors include, without
limitation, the ability to complete the proposed Project acquisition, the results of Project exploration,
the possibility that the Company may not be able to secure permitting and other governmental
clearances necessary to carry out the Company's exploration plans, and the ability of the Company to
obtain the approvals necessary to complete the Private Placement. Readers should not place undue
reliance on the forward-looking statements and information contained in this news release
concerning these items. The Company does not assume any obligation to update the forward-looking
statements of beliefs, opinions, projections, or other factors, should they change, except as required
by applicable securities laws.
The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this
press release, and does not accept responsibility for the adequacy or accuracy of this release.