Northwest Copper Announces Non-Brokered Private Placement Financing
News Release
NORTHWEST COPPER ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
FINANCING
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES
Vancouver, BC – May 21, 2025 – NorthWest Copper Corp. (“NorthWest” or “the Company”) (TSX-V: NWST)
announces a non -brokered private placement financing of up to 2,500,000 units at a price of $0. 20 per
unit (a “Unit”) for gross proceeds of up to $ 500,000 (the “Private Placement”). Each Unit consists of one
common share of the Company (each, a “Common Share”) and one half of one non-transferable Common
Share purchase warrant (each whole warrant being, a “Warrant”), with each Warrant exercisable to
purchase one additional Common Share for a period of 2 years from the date of closing at an exercise
price of $0.30.
Proceeds from the Private Placement will be used primarily to fund general working capital purposes.
The Private Placement is subject to TSX Venture Exchange approval. All Common Shares issued pursuant
to the Private Placement will be subject to a four month and a day hold period from the closing date, and
TSX Venture Exchange hold period, as applicable.
It is anticipated that certain insiders of the Company will acquire Common Shares. Such participation will
each be considered a “related party transaction” within the meaning of Multilateral Instrument 61 -101 –
Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company intends to rely
on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61 -
101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of the Private Placement due to the
fair market value of the related party participation being below 25% of the Company’s market
capitalization for purposes of MI 61-101. The Company will file a material change report in respect of the
Private Placement. However, the material change report will be filed less than 21 days prior to the closing
of the Private Placement, which is consistent with market practice and the Company deems reasonable in
the circumstances.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be
any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be
unlawful, including any of the securities in the United States of America. The securities have not been and
will not be registered under the United States Securiti es Act of 1933, as amended (the “1933 Act”) or any
state securities laws and may not be offered or sold within the United States or to, or for account or benefit
of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1 933 Act and
applicable state securities laws, or an exemption from such registration requirements is available.
About NorthWest Copper:
NorthWest Copper is a copper and gold explor ation and development company with a pipeline of
advanced and early -stage copper and gold projects in British Columbia, including Kwanika -Stardust,
2
Lorraine-Top Cat and East Niv. With a robust portfolio in a tier one jurisdiction, NorthWest Copper is well
positioned to participate fully in a strengthening global copper market and the robust gold market. We
are committed to responsible mineral exploration which involves working collaboratively with First
Nations to ensure future development incorporates stewardship best practices and traditional land use.
Additional information can be found on the Company’s website at www.northwestcopper.ca.
On Behalf of NorthWest Copper Corp.
“Paul Olmsted”
CEO, NorthWest Copper
For further information, please contact:
604-683-7790
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 Statement Regarding Forward-Looking Information Cautionary Statement Regarding Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements, other than statements
of historical fact, are forward -looking statements and are based on expectations, estimates and projections as at the date of this news release.
Any statement that involves discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events
or performance (often, but not always using phrases such as “plans”, “ expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”,
“intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events
or results “may”, “could”, “wou ld”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and may be forward -
looking statements. In this news release, forward-looking statements relate, among other things, to statements with respect to: the terms of the
Private Placement; the anticipated use of proceeds; the anticipated insider participation in the Private Placement; the completion of the Private
Placement; and the approval of the TSX Venture Exchange.
All statements, other than statements of historical fact, included herein, constitutes forward -looking information. Although NorthWest believes
that the expectations reflected in such forward -looking information and/or information are reasonable, undue reliance should not be placed on
forward-looking information since NorthWest can give no assurance that such expectations will prove to be correct. Forward-looking information
involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materiall y from those
anticipated in such forward-looking information, including the risks, uncertainties and other factors identified in NorthWest’s periodic filings with
Canadian securities regulators. Forward-looking information are subject to business and economic risks and uncertainties and other factors that
could cause actual results of operations to differ materially from those contained in the forward-looking information. Important factors that could
cause actual results to differ materially from NorthWest’s expectations include risks related to the completion of the Private Placement, including
TSXV approval; risks associated w ith the business of NorthWest; risks related to reliance on technical information provided by NorthWest; risks
related to exploration and potential development of the Company’s mineral properties; business and economic conditions in the mining industry
generally; fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill resul ts and the geology,
continuity and grade of mineral deposits; the need for cooperation of government agencies and First Nation groups in the exploration and
development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as
to the availability and terms of future financing; the possibility of delay in explor ation or development programs and uncertainty of meeting
anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risk factors as
detailed from time to time and additional risks identified in NorthWest’s filings with Canadian securities regulators on SEDAR+ in Canada (available
at www.sedarplus.com).
Forward-looking information is based on estimates and opinions of management at the date the information are made. NorthWest does not
undertake any obligation to update forward-looking information except as required by applicable securities laws. Investors should not place undue
reliance on forward-looking information.