Gunnison Copper Announces Closing of Second and Final Tranche of Private Placement
NEWS RELEASE
Gunnison Copper Announces Closing of Second and Final Tranche of
Private Placement
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES
October 31, 2025
Gunnison Copper Corp. (TSX: GCU) (OTCQB: GCUMF) (FSE: 3XS0) (“Gunnison” or the
“Company”) is pleased to announce the closing of a second and final tranche of its previously
announced non-brokered private placement (the “Offering”) for aggregate gross proceeds of
C$150,000.30 from the issuance of 333,334 Units (each a “Unit”) to a single institutional investor. Each
Unit, issued at a price of C$0.45 per Unit, consists of one common share of the Company (a "Common
Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each
Warrant entitles the holder to purchase one Common Share at a price of C$0.65 at any time on or before
October 31, 2028. The securities issuable pursuant to the sale of the Units will be subject to a four-month
hold period in Canada pursuant to applicable Canadian securities laws that expires on March 1, 2026.
The Company raised aggregate gross proceeds of approximately C$13.3 million under the Offering.
Please refer to the Company’s press release dated October 30, 2025 for additional details.
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.
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.
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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
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
Company'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, 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
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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 laws, the
Company does not undertake any obligation to publicly update or revise any forward-looking information.