Copper Fox Assembles Project Team to Explore Advancing Van Dyke Iscr Project to Prefeasibility Study Stage
COPPER FOX ASSEMBLES PROJECT TEAM TO EXPLORE ADVANCING
VAN DYKE ISCR PROJECT TO PREFEASIBILITY STUDY STAGE
Calgary, Alberta – June 23, 2025, Copper Fox Metals Inc. (“Copper Fox” or the “Company”) (TSXV:CUU |
OTCQX:CPFXF | FSE:HPU), through its wholly owned subsidiary Desert Fox Van Dyke Co ., is pleased to
provide an update on its 100% owned Van Dyke in-situ copper recovery (ISCR) project located in the Globe-Miami
Mining District, Gila County, Arizona.
In 202 0, Copper Fox completed an updated Mineral Resource Estimate (MRE) and Preliminary Economic
Assessment (PEA) on Van Dyke using a US$3.15/lb copper price for the base case economic model. The critical
need for copper, the potential social and financial benefit to the Town of Miami and surrounding communities
support Copper Fox’s decision to prepare an Execution Plan to advance Van Dyke to the Prefeasibility Study (PFS)
stage. Among other findings, the PEA indicated:
i. project sensitivity to copper prices such that a US$0.25/lb. increase in copper price increased the after-tax
NPV by approximately US$90 million,
ii. significant exploration potential to increase the project’s mineral resources, and
iii. recommendation to advance the project to the PFS stage.
Project Team
Contractor Contractor Primary Area of Responsibility
Stantec Consulting Services Inc. Mineral Reserve Estimate, Underground Mine Access, Mine Design and
Mining Method, Hydrogeology, Market Studies and Contracts,
Environmental Studies, Permitting and Social or Community Impact,
Economic Analysis, Surface and Underground Non-Process
Infrastructure, Overall Study Management, Report Compilation
Samuel Engineering, Inc. Mineral Processing and Metallurgical Testing, Recovery Methods,
Process Plant Infrastructure
Bird Resource Consulting Corp. Mineral Resource Estimate, Project Description, QA/QC studies
RGC Hydro Services, LLC Project Consulting and Permitting Guidance
Call & Nicholas, Inc. Surface and Underground Mine Geotechnical
Elmer B. Stewart, President and CEO of Copper Fox, stated, “We are pleased to have assembled this team of mining
professionals led by Stantec, a global leader in surface and underground mining engineering, design, and project
delivery, to assist Copper Fox in preparing an Execution Plan to complete a PFS level study on the Van Dyke
project. These firms bring a vast amount of knowledge to the Van Dyke project based on their work experience on
two other advanced-stage ISCR projects in Arizona. Copper Fox is adopting a phased approach to the PFS, the first
step being preparation of the Execution Plan that maps out the scope, timing and estimated cost of the various
programs and studies required to meet the threshold of a PFS level study. The information gained from completing
this Execution Plan will assist the Board on decision making regarding progressing to the PFS stage for Van Dyke.”
Nick Hynd, Stantec Project Manager in Phoenix, added, “The Van Dyke project will produce much-needed copper
in a safe and environmentally sound manner while providing hundreds of jobs for the Miami-Globe area. Stantec
is proud to support Copper Fox in advancing this exciting project that will benefit the state of Arizona.”
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Metallurgical Modelling
Samuel Engineering has commenced the preparation of a preliminary geometallurgical model of the Van Dyke
project. The modelling, using Cancha Geometallurgy software, is expected to provide a better understanding of the
variability and distribution of the soluble copper mineralogy, identify geometallurgical domains and identify “gaps”
in the current sample distribution across the deposit. Identification of the gaps allows Samuel to pre -select
representative sample locations from the mineralogical zones within the Van Dyke deposit from future drillholes to
support an updated geometallurgical model and better predict future copper production.
Qualified Person
Elmer B. Stewart, MSc. P. Geol., President, and CEO 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.
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 subsidiaries, being Northern Fox Copper
Inc. and Desert Fox Copper Inc., are the 100% ownership of the Van Dyke oxide copper project located in Miami,
AZ, the 100% interest in the Mineral Mountain and Sombrero Butte porphyry copper exploration projects located
in Arizona, the 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited on the Schaft Creek
copper-gold-molybdenum-silver project and the 100% owned Eaglehead polymetallic porphyry copper project each
located in northwestern British Columbia. For more information on Copper Fox’s mineral properties and
investments visit the Company’s website at http://www.copperfoxmetals.com.
On behalf of the Board of Directors
Elmer B. Stewart
President and Chief Executive Officer
For additional information contact: Lynn Ball at [email protected] or 1-844-464-2820
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 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 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 about: advancing the project to
the PFS stage; completion of a preliminary geometallurgical model; identification of data gaps ; future sampling
programs and an updated geometallurgical model.
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: completing the planned geometallurgical
program; the availability of ser vice providers; the geological, metallurgical, engineering, 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.
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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
expressed or implied by the forward -looking information contained herein. Known risk factors include among
others: advancing the project to the PFS stage may not occur; completion of a preliminary geometallurgical model
may not be completed as planned or at all; the modelling may not identify data gaps as expected: an updated
geometallugical model may not be completed as planned or at all; the overall economy may deteriorate; uncertainty
as to the availability and terms of future financing; fluctuations in commodity prices and demand; uncertainty
related to potential threat of tariffs; currency exchange rates; 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.