Gunnison Copper Announces Distribution of Greenstone Shares
Gunnison Copper Announces Distribution of
Greenstone Shares
Phoenix, Arizona--(Newsfile Corp. - February 5, 2026) -
Gunnison Copper Corp. (TSX: GCU)
(OTCQB: GCUMF) (FSE: 3XS0) ("Gunnison" or the "Company")
announces that on February 4,
2026, Greenstone Resources II LP ("Greenstone") together with its affiliates Greenstone Excelsior
Holdings LP, Greenstone Co-Investment No 1 (Excelsior) LP and Greenstone Co-Investment No 2
(Excelsior) LP (together, the "Greenstone Group"), entered into an agreement (the "Agreement") with
Paradigm Capital Inc ("Paradigm") pursuant to which the Greenstone Group appointed Paradigm to act
as agent on a commercially reasonable "best efforts" basis, in connection with an offering to institutional
investors of up to 143,208,937 common shares (the "Shares") of Gunnison Copper Corp. ("Gunnison")
currently owned by the Greenstone Group (the "Offering").
Completion of the Offering will be subject to execution by the Greenstone Group and the Purchasers of
share purchase agreements. Completion of the Offering is expected to occur on or by 17 February,
2026.
As Greenstone's fund approaches the end of its investment lifecycle and begins to sunset, the transfer of
Shares is a normal and orderly process. Gunnison remains grateful for Greenstone's long-term support
and looks forward to continuing to build value for its expanding institutional shareholder base.
"On behalf of Gunnison, I would like to express our sincere gratitude to Greenstone Resources L.P. for
being a valued and supportive partner over the last 10+ years," said Stephen Twyerould, President and
CEO of Gunnison Copper. "Greenstone has played an important role in the Company's growth and
advancement, and we deeply appreciate their long-standing commitment and contribution to our
progress."
The Greenstone Group beneficially owns and controls 143,208,937 common shares of Gunnison,
representing an aggregate ownership interest in Gunnison of 33.88% (excluding conversion or exercise
of debentures and options of Gunnison owned by the Greenstone Group and which do not form part of
the Offering).
Following completion of the Offering, the Greenstone Group will no longer own any common shares of
Gunnison, representing a decrease in ownership of 33.88%.
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.
Its flagship asset, the Gunnison Copper Project, has a Measured and Indicated Mineral Resource
containing over 831.6 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 640.2 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 now in production, 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 November 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. Dr. 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
E:
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 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 Company's mineral projects; the
results of the preliminary economic assessment on the Gunnison Project; the completion of the
Offering; 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, expectations regarding the receipt of 48C tax
credits, 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, the 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, the Company receives less 48C tax credits than expected, 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 laws, the Company does not undertake any obligation to publicly update or revise any
forward-looking information.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/282806