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// Not for distribution to the USA newswire companies or for dissemination in the USA //
Copper Quest Exploration Inc. (CSE: CQX,OTC:IMIMF; FRA: 3MX) (” Copper Quest ” or the ” Firm “) is happy to announce that, additional to its information launch dated December 1, 2025, it has issued an combination of 10,142,104 flow-through shares of the Firm (the ” FT Shares “, and every, a ” FT Share “) at a worth of $0.19 per FT Share for combination gross proceeds of $1,927,000 in reference to its beforehand introduced totally subscribed non-brokered non-public placement (the ” Non-public Placement “).
Every FT Share constitutes a “flow-through share” inside the which means of the Earnings Tax Act (Canada) (the ” Tax Act “) and the gross proceeds of the Non-public Placement shall be utilized by the Firm for exploration and associated applications, which qualify as “Canadian exploration bills” and “flow-through essential mineral mining expenditures”, as such phrases are outlined within the Tax Act, in reference to Copper Quest’s initiatives in British Columbia.
Brian Thurston, President & CEO of Copper Quest, commented: ” The group has spent the final 12 months constructing Copper Quest to be a standout junior explorer holding seven high quality initiatives together with the current acquisitions of Stars, Stellar, Nekash, and pending Kitimat and Alpine. It’s now time for the Firm to develop shareholder worth via advancing these properties via work on the bottom and drilling. These funds will permit us advance a number of properties in 2026 whereas we proceed vetting high quality companions to assist advance the remainder. ”
In reference to the Non-public Placement, the Firm paid money finder’s charges totaling $130,199.98 and issued 685,261 finder’s warrants (the ” Finder’s Warrants “) entitling the holder thereof to amass one non-flow-through widespread share at an train worth of C$0.19. The Finder’s Warrants will expire on December 5, 2027.
All securities issued pursuant to the Non-public Placement are topic to a statutory 4 month maintain interval expiring April 6, 2026.
To accommodate elevated curiosity within the Non-public Placement, the Firm additionally declares that it might additional problem as much as 255,264 FT Shares beneath the identical phrases as above said, no later than December 15, 2025. All securities to be issued thereunder shall be topic to a statutory maintain interval beneath relevant Canadian securities legal guidelines of 4 months and in the future from the date of issuance.
Associated Get together Participation within the Non-public Placement
Jason Nickel, Director of the Firm, participated in Non-public Placement by buying 50,000 FT Shares for $9,500. The participation by Mr. Nickel, as an insider of the Firm, constitutes a “associated occasion transaction” as outlined beneath Multilateral Instrument 61-101 Safety of Minority Safety Holders in Particular Transactions (“MI 61-101”). The Firm is counting on the exemptions from the valuation and minority shareholder approval necessities of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the truthful market worth of the FT Shares bought by Mr. Nickel, nor the consideration for the FT Shares paid by Mr. Nickel, exceeded 25% of the Firm’s market capitalization. The Firm didn’t file a fabric change report in respect of the associated occasion transaction at the least 21 days earlier than the closing of the Non-public Placement, which the Firm deems affordable within the circumstances as the small print of insider participation within the Non-public Placement weren’t settled till shortly previous to closing the Non-public Placement and the Firm wished to finish the Non-public Placement in an expeditious method.
The securities described herein haven’t been registered beneath the USA Securities Act of 1933, as amended (the ” U.S. Securities Act “), or any state securities legal guidelines, and is probably not supplied or offered absent registration or compliance with an relevant exemption from the registration necessities of the U.S. Securities Act and relevant state securities legal guidelines. This information launch shall not represent a proposal to promote or the solicitation of a proposal to purchase nor shall there be any sale of the securities in any State wherein such provide, solicitation or sale can be illegal.
About Copper
Copper is an important industrial steel on the coronary heart of the worldwide vitality transition and trendy infrastructure. It performs a essential function in electrification, renewable vitality programs, electrical autos, information facilities, and good applied sciences. With international demand rising and new provide challenged by declining grades, advanced allowing, and underinvestment, the copper market faces persistent deficits and rising geopolitical scrutiny. Current U.S. coverage bulletins, together with import tariffs and initiatives to safe home and allied provide chains, underscore copper’s strategic significance and the necessity for resilient, localized useful resource exploration, improvement, manufacturing and processing capability.
ABOUT Copper Quest Exploration Inc.
Copper Quest (CSE: CQX,OTC:IMIMF; OTCQB: IMIMF; FRA: 3MX) is concentrated on constructing shareholder worth via venture acquisition, and exploration and improvement of its North American Crucial Mineral portfolio of belongings. The Firm’s land package deal presently includes 5 initiatives that span over 40,000+ hectares in nice mining jurisdictions in addition to the Kitimat Cu-Au Mission and the past-producing Alpine Gold Mine which can be each pending acquisition following due diligence.
Copper Quest has a 100% curiosity within the Stars Property, a porphyry copper-molybdenum discovery, masking 9,693 hectares in central British Columbia’s Bulkley Porphyry Belt. Contiguous to the Stars Property, Copper Quest has a 100% curiosity within the 5,389 hectare Stellar Property. CQX additionally has an earn-in choice as much as 80% and joint-venture settlement on the 4,700 hectare porphyry copper-molybdenum Rip Mission, additionally within the Bulkley Porphyry Belt.
Copper Quest has a 100% curiosity within the Nekash Copper-Gold Mission, a porphyry exploration alternative situated in Lemhi County, Idaho, alongside the prolific Idaho-Montana porphyry copper belt that hosts world-class programs corresponding to Butte and CUMO. The venture is totally road-accessible through maintained U.S. highways and forest service roads and presently consists of 70 unpatented federal lode claims masking 585 hectares.
Copper Quest has a 100% curiosity within the Thane Mission situated within the Quesnel Terrane of Northern BC which spans over 20,658 ha with 10 high-priority targets recognized demonstrating important copper and valuable steel mineralization potential.
Copper Quest’s management and advisory groups are senior mining trade executives who’ve a wealth of technical and capital markets expertise and a robust observe document of discovering, financing, growing, and working mining initiatives on a worldwide scale. Copper Quest is dedicated to sustainable and accountable enterprise actions in step with trade finest practices, supportive of all stakeholders, together with the native communities wherein it operates. The Firm’s widespread shares are principally listed on the Canadian Inventory Change beneath the image “CQX”. For extra data on Copper Quest, please go to the Firm’s web site at www.copper.quest.
On behalf of the Board of Copper Quest Exploration Inc.
Brian Thurston, P.Geo.
Chief Government Officer and Director
Tel: 778-949-1829
For additional data contact:
Investor Relations
data@copper.quest
Ahead Trying Data
This information launch comprises sure “forward-looking data” and “forward-looking statements” (collectively, ” forward-looking statements “) inside the which means of relevant securities laws. All statements, apart from statements of historic truth included herein, together with with out limitation, statements relating to the phrases and completion of the Circulation-Via Providing, the fee of finder’s charges and issuance of Finder’s Warrants, the anticipated cut-off date and the deliberate use of proceeds of the Circulation-Via Providing, and future operations and actions of Copper Quest, are forward-looking statements. Ahead-looking statements are often, however not at all times, recognized by phrases corresponding to “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “doable”, and comparable expressions, or statements that occasions, situations, or outcomes “will”, “might”, “may”, or “ought to” happen or be achieved. Ahead-looking statements replicate the beliefs, opinions and projections on the date the statements are made and are based mostly upon quite a lot of assumptions and estimates based mostly on or associated to many of those elements. Such elements embody, with out limitation, the power to acquire regulatory approval of the Circulation-Via Providing, dangers related to doable accidents and different dangers related to mineral exploration operations, the danger that the Firm will encounter unanticipated geological elements, dangers related to the interpretation of exploration outcomes, the likelihood that the Firm might not be capable of safe allowing and different governmental clearances obligatory to hold out the Firm’s exploration plans, the danger that the Firm won’t be able to lift enough funds to hold out its enterprise plans, and the danger of political uncertainties and regulatory or authorized adjustments that may intervene with the Firm’s enterprise and prospects. Readers shouldn’t place undue reliance on the forward-looking statements and data contained on this information launch regarding this stuff. The Firm doesn’t assume any obligation to replace the forward-looking statements of beliefs, opinions, projections, or different elements, ought to they alter, besides as required by relevant securities legal guidelines.
The Canadian Securities Change has not reviewed, permitted or disapproved the contents of this press launch, and doesn’t settle for duty for the adequacy or accuracy of this launch.
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