NorthWest Closes First Tranche of Flow Through Financing and Upsizes Placement to Fund Work at Kwanika

Core Viewpoint - NorthWest Copper Corp has successfully closed the first tranche of its non-brokered critical mineral flow-through private placement financing, increasing the offering to a maximum of $3.5 million due to excess demand, and has re-opened a hard dollar private placement for additional funding [1][2][3] Financing Details - The first tranche of the flow-through offering raised $2.5 million through the sale of 11,281,112 units at a price of $0.225 per unit, with each unit consisting of one flow-through common share and one half of a non-transferable common share purchase warrant [2][3] - The upsized flow-through offering will include an additional $1 million and a hard dollar component of up to $0.4 million, with the hard dollar units priced at $0.20 each [3][4] - Proceeds from the flow-through placement will be allocated for exploration at Kwanika Central and the nearby Transfer Target, while the hard dollar offering will be used for general corporate purposes [3][4] Strategic Plans - The company is focusing on higher-grade zones within its mineral resources at Kwanika, aiming to enhance recovery rates, particularly for gold, and plans to execute exploration drilling and metallurgical test work [2] - A 5,135-meter drill program is planned to confirm and expand the higher-grade target model, with the goal of informing an updated mineral resource estimate [2] - An updated Preliminary Economic Assessment is expected to be delivered in the first half of 2026 [2] Regulatory and Compliance - The upsized offerings are subject to regulatory approvals, including those from the TSX Venture Exchange [4] - The flow-through shares will qualify as "flow-through shares" under Canadian tax law, with proceeds used for eligible resource exploration expenses [5][6] Company Overview - NorthWest Copper is engaged in copper and gold exploration and development, with projects in British Columbia, including Kwanika-Stardust, Lorraine-Top Cat, and East Niv [10] - The company is positioned to benefit from a strengthening global copper and gold market, emphasizing responsible mineral exploration in collaboration with First Nations [10]