Gunnison Copper Announces Closing of the Listed Issuer Financing Exemption (LIFE) Private Placement for Gross Proceeds of C$8.647 Million
Gunnison Copper Announces Closing of the Listed Issuer Financing
Exemption (LIFE) Private Placement for Gross Proceeds of C$8.647 Million
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES
July 18, 2025
Gunnison Copper Corp. (TSX: GCU) ( OTCQB: GCUMF) (FSE: 3XS0) (“Gunnison” or the
“Company”) is pleased to announce the closing of its previously announced non-brokered private
placement (the “Offering”) for gross proceeds of C$8,647,230 from the sale of 28,874,100 units of the
Company (each, a “Unit”) at a price of C$0.30 per Unit. Red Cloud Securities Inc. (“Red Cloud”) acted
as a finder in connection with the Offering.
Each Unit consists of one common share of the Company (each, a “Common Share”) and one common
share purchase warrant (each, a “Warrant”). Each Warrant entitles the holder thereof to purchase one
Common Share at a price of C$0.45 at any time on or before July 18, 2028.
The Company intends to use the net proceeds from the Offering to fund additional and follow on work
related to the High Value Add Work Program at the Gunnison Copper Project, begin long lead time
drilling and metallurgical testing that will be incorporated in a pre -feasibility study for the Gunnison
Copper Project, as well as fund US head office general and administrative expenses (“ G&A”) for an
additional 12 months (April 2026 to March 2027). U.S. head office G&A for the next 9 months to March
2026 will be funded from existing working capital.
The Units were sold to purchasers resident in Canada pursuant to the listed issuer financing exemption
under Part 5A of National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”), as amended by
Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing
Exemption. The securities issuable pursuant to the sale of the Units to purchasers resident in Canada
are immediately freely tradeable under applicable Canadian securities legislation. The Units were also
sold to purchasers in offshore jurisdictions and in the United States on a private placement basis
pursuant to one or more exemptions from the registration requirements of the United States Securities
Act of 1933 (the "U.S. Securities Act"), as amended.
As consideration for their services in connection with the Offering, Red Cloud and other finders received
a total cash commission of C$512,875.80 and were issued 1,709,586 non-transferable warrants of the
Company (the “Finder’s Warrants”). Each Finder’s Warrant entitles the holder thereof to purchase one
Common Share at a price of C$0.45 at any time on or before July 18, 2028. The Finder’s Warrants are
subject to a statutory hold period that expires on November 19, 2025.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the
securities in the United States. The securities have not been and will not be registered under the U.S.
Securities Act or any state securities laws and may not be offered or sold within the United States or to
U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.
ABOUT GUNNISON COPPER
Gunnison Copper Corp. is a multi -asset pure-play copper developer and producer that controls the
Cochise Mining District (the district), containing 12 known deposits within an 8 km economic radius, in
the Southern Arizona Copper Belt.
Gunnison exists to develop and operate copper mines in Southern Arizona to produce fully Made in
America finished copper cathode to directly supply American energy, defense, and manufacturing
supply chains. Gunnison proudly hires locally, purchases locally , and sells its products for use in
America. Gunnison invests in its employees, their families, and the communities around it. Gunnison
operates safely and responsibly with a focus on technology and positive societal impact, while also
emphasizing long-term value creation for stakeholders.
Its flagship asset, the Gunnison Copper Project, has a measured and indicated mineral resource
containing over 831 million tons with a total copper grade of 0.31% (measured mineral resource of
191.3 million tons at 0.37% and indicated mineral resource of 6 40.2 million tons at 0.29%), and a
preliminary economic assessment (“PEA”) yielding robust economics including an NPV8% of $1.3
billion, IRR of 20.9%, and payback period of 4.1 years. It is being developed as a conventional operation
with open pit mining, heap leach, and SX/EW refinery to produce finished copper cathode on-site with
direct rail link.
The PEA is preliminary in nature and includes inferred mineral resources that are considered too
speculative geologically to have the economic considerations applied to them that would enable them
to be categorized as mineral reserves. There is no certainty that the conclusions reached in the PEA
will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic
viability.
In addition, Gunnison’s Johnson Camp Asset, which is under construction with first copper production
expected in Q3 2025, is fully funded by Nuton LLC, a Rio Tinto Venture, with a production capacity of
up to 25 million lbs of finished copper cathode annually.
Other significant deposits controlled by Gunnison in the district, with potential to be economic satellite
feeder deposits for Gunnison Project infrastructure, include Strong and Harris, South Star, and eight
other deposits.
For additional information on the Gunnison Project, including the PEA and mineral resource estimate,
please refer to the Company’s technical report entitled “Gunnison Project NI 43 -101 Technical Report
Preliminary Economic Assessment” dated effective Novem ber 1, 2024 and available on SEDAR+ at
www.sedarplus.ca.
Dr. Stephen Twyerould, Fellow of AUSIMM, President and CEO of the Company is a Qualified Person
as defined by NI 43-101. Mr. Twyerould has reviewed and is responsible for the technical information
contained in this news release.
For more information on Gunnison, please visit our website at www.GunnisonCopper.com
For further information regarding this press release, please contact:
Gunnison Copper Corp.
Concord Place, Suite 300, 2999 North 44th Street, Phoenix, AZ, 85018
Melissa Mackie
T: 647.533.4536
www.GunnisonCopper.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:
Certain statements contained in this release constitute forward -looking information within the meaning of
applicable Canadian securities laws. Such forward -looking statements relate to the use of net proceeds from
the Offering; the intention to deploy the Nuton® technology at the Johnson Camp mine and future production
therefrom; the continued funding of the stage 2 work program by Nuton; the details and expected results of
the stage two work program; future production and production capacity from the Compa ny's mineral projects;
the results of the preliminary economic assessment on the Gunnison Project; and the exploration and
development of the Company's mineral projects.
In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects"
or "does not expect", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not
anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results
"may", "could", "would", "might", "occur" or "be achieved" suggesting future outcomes, or other expectations,
beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-
looking information contained in this news release is based on certain factors and assumptions regarding,
among other things, Nuton will continue to fund the stage 2 work program, the availability of financing to
continue as a going concern and implement the Company's operational plans, the estimation of mineral
resources, the realization of resource and reserve estimates, copper and other metal prices, the timing and
amount of future development expenditures, th e estimation of initial and sustaining capital requirements, the
estimation of labour and operating costs (including the price of acid), the availability of labour, material and
acid supply, receipt of and compliance with necessary regulatory approvals and permits, the estimation of
insurance coverage, and assumptions with respect to currency fluctuations, environmental risks, title disputes
or claims, and other similar matters. While the Company considers these assumptions to be reasonable based
on information currently available to it, they may prove to be incorrect.
Forward looking information involves known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by the forward -looking information. Such
factors include risks related to the Company not obtaining adequate financing to continue operations, Nuton
failing to continue to fund the stage 2 work program, the breach of debt covenants, risks inherent in the
construction and operation of mineral deposits, including risks relating to changes in project parameters as
plans continue to be redefined including the possibility that mining operations may not be sustained at the
Gunnison Copper Project, risks related to the delay in approval of work plans, variations in mineral resources
and reserves, grade or recovery rates, risks relating to the ability to access infrastructure, risks relating to
changes in copper and other commodity prices and the worldwide demand for and supply of copper and related
products, risks related to increased competition in the market for copper and related products, risks related to
current global financial conditions, risks related to current global financial conditions on the Company's
business, uncertainties inherent in the estimation of mineral resources, access and supply risks, risks related
to the ability to access acid supply on commercially reasonable terms, reliance on key personnel, operational
risks inherent in the conduct of mining activities, including the risk of accidents, labour disputes, increases in
capital and operating costs and the risk of delays or increased costs that might be encountered during the
construction or mining process, regulatory risks including the risk that permits may not be obtained in a timely
fashion or at all, financing, capitalization and liquidity risks, risks related to disputes concerning property titles
and interests, environmental risks and the additional risks identified in the "Risk Factors" section of the
Company's reports and filings with applicable Canadian securities regulators.
Although the Company has attempted to identify important factors that could cause actual actions, events or
results to differ materially from those described in forward-looking information, there may be other factors that
cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should
not place undue reliance on forward -looking information. The forward -looking information is made as of the
date of this news release. Except as required by applicable securities la ws, the Company does not undertake
any obligation to publicly update or revise any forward-looking information.