World Copper Provides Update
#1570 - 200 Burrard Street
Vancouver, BC, Canada, V6C 3L6
T: 604-638-3287 / F: 604-408-7499
www.worldcopperltd.com
NR-25-03 April 10, 2025
World Copper Provides Update
FOR IMMEDIATE RELEASE...Vancouver, British Columbia: World Copper Ltd. ("World Copper" or
the " Company"; TSXV: WCU, OTCQB : WCUFF, FSE:7LY0) is pleased to provide an update on the
proposed sale of its Zonia Copper project in Arizona ("Zonia" or the "Project") to an arms length third party
(the "Purchaser") for CAD $26M in cash (the "Purchase Price"), payable in tranches, as previously
announced on February 19, 2025 (the "Proposed Transaction").
The Purchaser is a metals and mining investment manager with two decades of leadership in investing in
and developing mining projects. Pursuant to the terms of the binding letter agreement among the Purchaser,
World Copper and World Copper's Arizona subsidiary ("Subco"), the Purchaser has approximately 35 days
remaining in the 90- day due diligence period, and the Company continues to work diligently with the
Purchaser to assist with the completion of the Purchaser's due diligence on the Project.
The payment of the CAD $26M cash Purchase Price shall be payable as to CAD $8M to World Copper at
closing of the Proposed Transaction (the "Closing"), an additional instalment of CAD $8M on or before the
15-month anniversary of Closing, and a final instalm ent of CAD $10M on or before the 30- month
anniversary of Closing, subject to the Purchaser's right to accelerate the additional instalments. Until the
payment of the Purchase Price is received in full, it is proposed that the shares of Subco will be held in
escrow, and the Purchaser will grant World Copper a security interest over such shares and the Project. If
the Purchaser fails to make any instalment payment for the Purchase Price, the shares of Subco will be
returned to World Copper and the Purchaser will retain no interest in the Subco shares or the Project.
The Company recently held highly productive discussions and meetings with key representatives including
the Buyers’ senior executives. These meetings have significantly reaffirmed the transaction progress, with
both parties reaffirming their commitment to complete the transaction.
“This transaction essentially provides our shareholders with a 260% premium to our current trading price.
We are encouraged by the strong alignment and momentum between both parties,” said Gordon Neal,
President & CEO.
The Company will provide further updates as milestones are achieved and material developments occur.
The Company also reports that, in accordance with the policies of the TSX Venture Exchange, Section
1.3(c) of Policy 4.2, and further to the at -the-market ("ATM") offering of shares made pursuant to the
Prospectus Supplement dated July 17, 2024, World Copper issued 11,501,000 common shares and raised
gross proceeds of $579,654 pursuant to ATM distributions during the period January 1, 2025 to March 31,
2025. Bank of Montreal ("BMO") received fees of $17,389 during the period. We further confirm that no
new Insider or Control Person (as defined in Policy 1.1), has been or will be created in connection with the
ATM offering.
World Copper Ltd. - 2 - April 10, 2025
NR-25-03 Continued
ABOUT WORLD COPPER LTD.
World Copper Ltd., headquartered in Vancouver, BC, is a Canadian resource company focused on the
exploration and development of its copper porphyry projects: Escalones in Chile, and Zonia in Arizona.
Two of these projects have estimated resources with si gnificant soluble copper mineralization, and each
has additional copper porphyry targets with exciting potential to expand the resource base.
Detailed information is available at World Copper's website at www.worldcopperltd.com, and for general
Company updates you may follow us on our social media pages via Facebook, Twitter & LinkedIn.
On Behalf of the Board of Directors of
WORLD COPPER LTD.
"Gordon Neal "
Gordon Neal
Chief Executive Officer and President
For further information, or to schedule a Zoom meeting with Management, please contact:
Gordon Neal or Michael Pound
Phone: 604-638-3287
E-mail: [email protected]
For all Investor Relations inquiries, please contact:
John Liviakis
Liviakis Financial Communications Inc.
Phone: 415-389-4670
For all Public Relations inquiries, please contact:
Nancy Thompson
Vorticom, Inc.
Office: 212-532-2208 | Mobile: 917-371-4053
Follow Us:
Twitter: https://twitter.com/WorldCopperLtd
Facebook: https://www.facebook.com/WorldCopperLtd
LinkedIn: https://www.linkedin.com/company/worldcopperltd
Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward -looking statements and forward- looking information (collectively, “forward -
looking statements”) within the meaning of applicable Canadian and U.S. securities legislation, including the United
States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact,
included herein including, without limitation, statements with respect to the anticipated business plans and timing of
future activities of the Company, are forward- looking statements. Although the Company believes that such
statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking
statements are typically identified by words such as: “believes”, “expects”, “ant icipates”, “intends”, “estimates”,
“plans”, “may”, “should”, “would”, “will”, “potential”, “scheduled” or variations of such words and phrases and
similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur
or be taken or achieved. In making the forward- looking statements in this news release, the Company has applied
World Copper Ltd. - 3 - April 10, 2025
NR-25-03 Continued
several material assumptions, including without limitation, that market fundamentals will result in sustained copper
and precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in
connection with the future development of the Company’s projects in a timely manner, the availability of financing on
suitable terms for the development, construction and continued operation of the Company’s projects and the
Company’s ability to comply with environmental, health and safety laws.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to differ materially from any future results, performance
or achievements expressed o r implied by the forward- looking information. Such risks and other factors include,
among others, requirements for additional capital, actual results of exploration activities, including on the Escalones
Project and the Cristal Project, the reasonability of the economic assumptions at the basis of the results of the PEA
for the Zonia Project, the estimation or realization of mineral reserves and mineral resources, future prices of copper,
changes in general economic conditions, changes in the financial markets and in the demand and market price for
commodities, lack of investor interest in the Private Placement, accidents, labour disputes and other risks of the
mining industry, delays in obtaining governmental approvals (including acceptance of the Private Placement by the
TSXV), permits or financing or in the completion of development or construction activities, risks relating to epidemics
or pandemics, including the impact of an epidemic or pandemic on the Company's business, financial condition and
results of operations, changes in laws, regulations and policies affecting mining operations, title disputes, the timing
and possible outcome of any pending litigation, environmental issues and liabilities, as well as the risk factors
described in the Company's annual and quarterly management's discussion and analysis and in other filings made by
the Company with Canadian securities regulatory authorities under the Company's profile at www.sedar.com .
Readers are cautioned not to place undue reliance on forward- looking statements. The Company undertakes no
obligation to update any of the forward- looking statements in this news release or incorporated by reference herein,
except as otherwise required by law.