Copper Fox Announces Q2 2025 Operating and Financial Results
COPPER FOX ANNOUNCES Q2 2025 OPERATING AND FINANCIAL RESULTS
Calgary, Alberta – June 26, 202 5. Copper Fox Metals Inc. (“Copper Fox” or the “Company”)
(TSXV:CUU | OTCQX:CPFXF | FSE:HPU) is pleased to announce that its unaudited interim consolidated
April 30, 2025, financial statements have been filed on SEDAR+.
All the Company’s subsidiaries are wholly owned.
For the Quarter ended April 30, 2025 , Copper Fox had a net loss of $611,021 (April 30, 20 24 –
$533,545) which equated to $0.00 loss per share (April 30, 2024 - $0.00 loss per share).
During the Quarter ended April 30, 2025, the Company incurred $517,736 (excluding foreign exchange
effects) in expenditures toward furthering the development of its Schaft Creek and Van Dyke copper
projects as well as exploration of its Eaglehead, Sombrero Butte and Mineral Mountain copper
projects. The financial statements, notes , and related management discussion and analysis may be
obtained on SEDAR+ at www.sedarplus.ca, the Company’s website at www.copperfoxmetals.com or by
contacting the Company directly. All references to planned activities and technical information
contained in this news release have been previously announced by way of news releases . All amounts
are expressed in Canadian dollars unless otherwise stated.
Elmer B. Stewart, President and CEO of Copper Fox, stated, “For the balance of 2025, Copper Fox plans
to focus its activities on its Arizona copper projects. Our plans include completing an Execution Plan to
assess the scope and scale of the work required to move the Van Dyke project to the prefeasibility
study (PFS) stage, a first -ever diamond drilling program at Mineral Mountain and completion of an
updated exploration model for the Sombrero Butte project. The increased demand for critical
minerals, especially copper, and the recently signed US critical mineral executive order, uniquely
positions our advanced and exploration copper project s located in the prolific Laramide age porphyry
copper belt of southwestern USA to participate in the forecasted increasing critical metals demand.”
The robust economics, low capital intensity and economic benefits set out in the 2020 Preliminary
Economic Assessment suggests that the Van Dyke project offers the potential to become a near term
scalable, ESG -aligned copper project with significant upside at current long terms copper prices .
Completion of the Execution Plan would be a significant component in establishing the path forward
and provide technical certainty to advance the project to the PFS stage. Development of t he
Conceptual Site Model has provided future sites for additional hydrogeological monitoring and water
sampling coverage which is an essential component of future permitting activities.
During the Quarter, Copper Fox was successful in advancing the permitting process to drill test the
high-quality porphyry copper target at Mineral Mountain. The approval of our proposed Plan of
Operation by the Bureau of Land Management (BLM) was a significant component of the permitting
process and going forward Copper Fox has provided the requested reclamation bond and plans to work
with the BLM to finalize the permit to commence the drilling program. At Sombrero Butte completion
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of several studies provided data that can be used to indicate the potential center of the porphyry
system. The receipt of this data significantly upgrades the porphyry copper potential of the project.
At Schaft Creek, most of the reports related to various activities completed in 2024 have been
received. The geotechnical and geometallurgical reports are pending. The field portion of the 2025
program is underway and is focused on two key infrastructure areas of the project that have not yet
been investigated by the SCJV. The main objective of the 2025 program is focused on completing the
activities required to transition the project into the PFS stage.
Q2 2025 Highlights:
Project Updates
• On February 18, 2025, the Company provided the results of the completed DCIP and MT
geophysical surveys at Sombrero Butte. The geophysical program maps a large north -northwest-
trending body of anomalous chargeability that in places extends from surface to depths exceeding
800m located along the interpreted Copper Creek granodiorite/Glory Hole volcanic contact. At
surface, the chargeability anomaly exhibits a strong spatial correlation with the large zone of
moderate-to-intense limonite (after pyrite) alteration/staining that has been mapped within the
Laramide-age Glory Hole volcanics. The chargeability signature is interpreted to represent the
potential of a large body of sulphide mineralization at depth and further supports the potential for
a porphyry copper system underlying the Sombrero Butte project.
• On April 8, 2025, the Company provided an update on the permitting process to complete a drilling
program on Mineral Mountain property. Highlights:
o The environmental assessment (EA) pursuant to the National Environmental Protection Act
(NEPA) has been published by the BLM.
o The 30-day solicitation of public comment period commenced on April 7, 2025.
o Based on the survey, no acuña cactus were observed in the species -specific survey area, and
SWCA conclusions of the biological evaluation (BE) are:
o The proposed drilling program may affect but is not likely to adversely affect the acuña cactus
and its designated critical habitat through the removal of 0.180 acre of potential seed bank at
drill pads 1 to 4, including disturbance of 0.135 acre of PBFs (physical or biological features) of
its critical habitat at drill pads 1 to 3.
o The cumulative effects related to future mining proposals in the project area and continuing
development in the species range may affect individual acuña cactus.
o Other activities, including livestock grazing, off -highway vehicle use, dispersed recreation and
cross-border activities, could impact acuña cactus.
o Incremental effects on acuña cactus from the proposed drilling program are anticipated to be
insignificant because no acuña cactus are present in the planned disturbance area.
Corporate Updates
• On February 28, 2025, the Company closed a non -brokered private placement for a total of
7,317,074 units at a price of $0.205 per unit for aggregate gross proceeds of $1.5 million. Each unit
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consists of one common share in the capital of the Company and one -half common share purchase
warrant. Each whole warrant entitles the holder to purchase one common share for a two -year
term at an exercise price of $0.25 during the first 12 -month period after the closing of the offering,
and $0.30 during the subsequent 12 -month period after the closing of the offering. In the event
that the 15-day volume weighted average price of the common shares listed on the TSX.V is above
$0.29 in the first 12 -month period after the closing of the offering, or $0.33 during the subsequent
12-month period, the expiry date of the warrants may be accelerated, in whole or in part at the
discretion of the Company, to any date or dates, as the case may be, that is 30 days after the first
date such threshold is met.
Subsequent to the Quarter-end
• On May 12, 2025, the Company received from Teck Resources Limited reports on environmental
baseline studies completed over the past two years for the Schaft Creek project.
o Archeological and cultural heritage studies:
This report summarizes the results of an archeological impact assessment (AIA) completed
pursuant to the Heritage Conservation Act under permit issued by the British Columbia Ministry
of Forests. The AIA included an assessment of revisions to the previously assessed project
footprint, including within the proposed rock storage areas and tailing storage facility and
associated infrastructure. The AIA located several new archeological sites and revisited several
previously identified sites.
o Surface water and hydrology studies:
The objectives of this report were to compile the cumulative surface water quality data and
characterize the baseline surface water quality for streams in the project area while comparing
this data to provincial and federal water quality guidelines for the protection of freshwater
aquatic life.
o Hydrogeological studies:
Groundwater levels were found to be generally close to surface and flow patterns are largely
controlled by topography. The groundwater quality is characterized as neutral to slightly basic
pH levels (ranging from 7.0 to 8.5), indicating high alkalinity and potential buffering capacity of
the subsurface. Local exceedances of provincial and federal water quality guidelines for the
protection of freshwater aquatic life were identified in several portions of the study area for
fluorine, aluminum, arsenic and iron.
o Fish and fish habitat studies:
No fish were observed during the study period in Skeeter Lake or Snipe Lake, which are near
proposed infrastructure. The presence of kokanee was confirmed in Mess Lake located
approximately 12 kilometers northeast of the Schaft Creek deposit.
• On May 19, 2025, the Company announced that President and CEO of the Company will present
and host one-on-one meetings with investors at the Sidoti May Virtual Investor Conference, taking
place on May 21-22, 2025.
• On May 26, 2025, the Company provided an update on the permitting process to complete a
maiden drilling program on Mineral Mountain property. Highlights:
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o The Company's mining plan of operation (MPO) was completed and accepted by the B LM Field
Manager on March 11, 2024, subject to an environmental assessment including public
involvement.
o SWCA completed the environmental assessment, and a finding of ‘no significant impact’ was
determined by the BLM.
o The 30-day public review period concluded on May 7, 2025, and the BLM advises there were no
substantive public comments made during this public review period.
o On May 15, 2025, the Company's proposed plan of operations (POO) was approved by the BLM
Field Manager.
o Operations under the plan may commence only after a suitable reclamation bond has been
accepted by the BLM.
• On June 23, 2025 , the Company announced that a team has been assembled to prepare an
Execution Plan that will map out the scope, timing and estimated cost for the various programs and
studies that will be required to meet the threshold of a PFS level study on Van Dyke.
Elmer B. Stewart, MSc, P.Geo, President of Copper Fox, is the Company’s non-independent, nominated
Qualified Person pursuant to National Instrument 43 -101, Standards for Disclosure for Mineral
Projects, and has reviewed and approves the scientific and technical information disclosed in this news
release.
Selected Financial Results
3 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended
April 30, 2025 January 31, 2025 October 31, 2024 July 31, 2024
Loss before taxes $ 374,058 $ 236,963 $ 261,484 $ 293,185
Net loss 374,058 236,963 (219,427) 293,185
Comprehensive (gain) / loss 1,225,382 (461,245) (402,630) 199,185
Comprehensive loss per share,
basic and diluted
0.00 0.00 0.00 0.00
3 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended
April 30, 2024 January 31, 2024 October 31, 2023 July 31, 2023
Loss before taxes $ 302,668 $ 230,877 $ 232,117 $ 348,787
Net loss 302,668 230,877 232,117 348,787
Comprehensive (gain) / loss (167,104) 905,445 (602,417) 870,509
Comprehensive loss per share,
basic and diluted
0.00 0.00 0.00 0.00
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Liquidity
As at April 30, 2025 , the Company’s cash position was $958,636 (October 31, 20 243- $785,184) and as of the
date of this News Release the Company’s cash position is $522,903.
About Copper Fox
Copper Fox is a Tier 1 Canadian resource company focused on copper exploration and development in Canada
and the United States. The principal assets of Copper Fox and its wholly owned Canadian and United States
subsidiaries, being Northern Fox Copper Inc. and Desert Fox Copper Inc., are the 25% interest in the Schaft Creek
Joint Venture with Teck Resources Limited on the Schaft Creek copper -gold-molybdenum-silver project located
in northwestern British Columbia and a 100% ownership of the Van Dyke oxide copper project located in Miami,
Arizona. For more information on Copper Fox’s other mineral properties and investments visit the Company’s
website at www.copperfoxmetals.com.
For additional information contact Lynn Ball at 1-844-464-2820, [email protected]
On behalf of the Board of Directors,
Elmer B. Stewart
President and Chief Executive Officer
Neither 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 Note Regarding Forward-Looking Information
This news release contains forward -looking statements within the meaning of the Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and forward -looking information within the
meaning of the Canadian securities laws (collectively, “forward -looking information”). Forward-looking
information is generally identifiable by use of the words “believes,” “may,” “plans,” “will,” “anticipates,”
“intends,” “budgets”, “could”, “estimates”, “expects”, “forecasts”, “projects” and similar expressions, and the
negative of such expressions. Forward-looking information in this news release includes statements regarding;
completion of an Execution Plan at Van Dyke; advancing the Van Dyke project to the PFS stage; diamond drilling
at Mineral Mountain; completing an updated exploration model at Sombrero Butte ; transitioning the Schaft
Creek project to the PFS stage ; and the Company participating in the forecasted increased demand for critical
metals.
In connection with the forward -looking information contained in this news release, Copper Fox and its
subsidiaries have made numerous assumptions regarding, among other things: the geological, financial, and
economic advice that Copper Fox has received is reliable and is based upon practices and methodologies which
are consistent with industry standards; and the stability of economic and market conditions . While Copper Fox
considers these assumptions to be reasonable, these assumptions are inherently subject to significant
uncertainties and contingencies.
Additionally, there are known and unknown risk factors which could cause Copper Fox’s actual results,
performance, or achievements to be materially different from any future results, performance or achievements
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expressed or implied by the forward -looking information contained herein . Known risk factors include, among
others: the Execution Plan for the Van Dyke project may not be completed as planned or at all; the Van Dyke
project may not progress to the PFS stage; the permit for the maiden drilling program at Mineral Mountain may
not be granted; an updated exploration plan at Sombrero Butte project may not be completed; the Schaft Creek
project may not progress to the PFS stage; the Schaft Creek 2025 work program may not be completed as
planned or at all; the overall economy may deteriorate; uncertainty as to the availability and terms of future
financing; copper prices and demand may fluctuate; currency exchange rates may fluctuate; conditions in the
financial markets may deteriorate; and uncertainty as to timely availability of permits and other governmental
approvals.
A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's
continuous disclosure filings with Canadian securities regulatory authorities at www.sedarplus.ca. All forward-
looking information herein is qualified in its entirety by this cautionary statement, and Copper Fox disclaims any
obligation to revise or update any such forward -looking information or to publicly announce the result of any
revisions to any of the forward -looking information contained herein to reflect future results, events, or
developments, except as required by law.