Copper Quest Closes Second and Final Tranche of Financing
CSE: CQX www.copper.quest
COPPER QUEST CLOSES SECOND AND FINAL TRANCHE OF FINANCING
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September 19, 2025, VANCOUVER, British Columbia – Copper Quest Exploration Inc. (CSE: CQX; FRA:
3MX) (“Copper Quest” or the “ Company”) is pleased to announce that it has closed the second and
final tranche (the “ Second Tranche ”) of its previously announced non-brokered private placement
(the “Private Placement”) with the issuance of 4,070,534 units (the “Units”, and each, a “Unit”) of the
Company at a price of $0.075 per Unit for gross proceeds of $305,290.05.
Each Unit consists of one (1) common share of the Company (“ Share”) and one (1) Share purchase
warrant, whereby each Share purchase warrant (“ Warrant”) is convertible into an additional Share
(“Warrant Share ”) at an exercise price of $0.15 per Warrant Share. Each Warrant will expire on
September 19 , 2027 (the “ Expiry Date ”), being the date that is two (2) years following the date of
issuance. The Expiry Date is subject to acceleration in the event the closing price of the Company’s
common shares on the Canadian Securities Exchange is equal to or greater than C$0.29 for a period
of 10 consecutive trading days at any time after that date which i s four (4) months following the date
of issuance, in which case the Expiry Date of the Warrants shall automatically accelerate and the
Warrants will expire on that date which is 30 days from the date of notice of such acceleration event.
In connection with the Private Placement, the Company paid aggregate finder’s fees in the amount of
$5,040 to eligible finders and issued a total of 67,200 finder warrants (the “ Finder Warrants”). The
terms of the Finder Warrants are the same as the Warrants.
An insider of the Company acquired an aggregate of 680,000 units. The participation by the insider in
the Private Placement constitutes a “related party transaction” as defined under Multilateral
Instrument 61 -101 Protection of Minority Security Holders in Special Transactions (“MI 61 -101”). The
Company relied on the exemptions from the valuation and minority shareholder approval
requirements of MI 61 -101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61 -101, as neither the fair
market value of the securities purchased by insiders, nor t he consideration for the securities paid by
such insiders, exceeded 25% of CQX's market capitalization. The Company did not file a material
change report in respect of the related party transaction at least 21 days before the closing of the
Private Placement, which the Company deems reasonable in the circumstance s in order to complete
the Offering in an expeditious manner. The Private Placement was unanimously approved by the
Board.
Proceeds from the Private Placement are intended for exploration activities and general working
capital purposes. All securities issued in connection with the Private Placement are subject to a
statutory hold period expiring January 20, 2026, being the date that is four months and one day from
the date of issuance.
The securities described herein have not been registered under the United States Securities Act of
1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or
sold absent registration or compliance with an applicable exemption from the registration
requirements of the U.S. Securities Act and applicable state securities laws. This news release shall
not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the
securities in any State in which such offer, solicitation or sale would be unlawful.
About Copper
Copper is an essential industrial metal at the heart of the global energy transition and modern
infrastructure. It plays a critical role in electrification, renewable energy systems, electric vehicles, data
centers, and smart technologies. With global dema nd rising and new supply challenged by declining
grades, complex permitting, and underinvestment, the copper market faces persistent deficits and
growing geopolitical scrutiny. Recent U.S. policy announcements, including import tariffs and
initiatives to secure domestic and allied supply chains, underscore copper’s strategic importance and
the need for resilient, localized resource exploration, development, production and processing
capacity.
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 S tellar 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 r esults “will”, “may”, “could”, or “should” occur
or be achieved. Forward -looking statements in this news release relate to, among other things, the
expected use of proceeds from the Private Placement . 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 num ber of assumptions and
estimates based on or related to many of these factors. Such factors include, without limitation , risks
associated with possible accidents and other risks associated with mineral exploration operations, the
risk that the Company will encounter unanticipated geological factors, risks associated with the
interpretation of exploration results, the possibi lity that the Company may not be able to secure
permitting and other governmental clearances necessary to carry out the Company's explo ration
plans, the risk that the Company will not be able to raise sufficient funds to carry out its business
plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with
the Company's business and prospects. 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.