NorthWest Closes Second Tranche of Flow Through Financing and Completes Hard Dollar Placement

Core Viewpoint - NorthWest Copper Corp has successfully closed the second tranche of its upsized non-brokered critical mineral flow-through private placement financing, raising a total of $3.2 million out of a targeted $3.5 million, which will support its exploration and metallurgical test work programs at Kwanika for 2025 [1][2]. Financing Details - The second tranche of the flow-through (FT) offering closed with subscriptions of 2,917,666 units at a price of $0.225 per unit, generating gross proceeds of $0.65 million [2]. - Each FT unit consists of one flow-through common share and one half of a non-transferable common share purchase warrant, with the warrants exercisable at $0.34 until August 8, 2027 [2]. - The hard dollar (HD) offering raised $0.475 million through the sale of 2,375,000 units at $0.20 per unit, with similar warrant terms [3]. Use of Proceeds - Proceeds from the FT offering will be allocated for exploration at Kwanika Central and the nearby Transfer Target [2]. - Funds from the HD offering will be utilized for general corporate purposes [3]. Tax Implications - The FT shares qualify as "flow-through shares" under Canadian tax law, with proceeds earmarked for eligible resource exploration expenses [4]. Advisory and Fees - Canaccord Genuity Corp continues to serve as the financial advisor for the FT offering, with cash finder's fees of $39,088 and additional compensation shares and warrants issued to eligible finders [5]. Company Overview - NorthWest Copper is focused on copper and gold exploration and development in British Columbia, with a portfolio that includes advanced and early-stage projects [8]. - The company aims to engage in responsible mineral exploration, collaborating with First Nations to ensure sustainable practices [8].