Cascadia and Granite Creek Complete Business Combination

Core Viewpoint - Cascadia Minerals Ltd. has successfully acquired Granite Creek Copper Ltd. through a court-approved plan of arrangement, creating a leading Yukon copper-gold exploration and development company [1][2]. Company Overview - The merger allows Cascadia to enhance its property portfolio, which includes the advanced-stage Carmacks Property and various discovery-stage projects in Yukon's Stikine Terrane [2]. - The Carmacks Project hosts a Measured and Indicated Resource of 651 million pounds of copper and 302 thousand ounces of gold, with a 2023 Preliminary Economic Assessment (PEA) indicating a post-tax NPV of $230.5 million and a post-tax IRR of 29% [8][12]. Shareholder Exchange - Each Granite Creek shareholder received 0.25 Cascadia common shares for each Granite Creek share held, resulting in the issuance of 53,070,848 Cascadia shares [2]. - The transaction also involved the exchange of Granite Creek's stock options for 3,747,500 Cascadia stock options and adjustments to warrants allowing holders to acquire 11,036,291 Cascadia shares [2]. Board of Directors Changes - Timothy Johnston, former President and CEO of Granite Creek, has joined Cascadia's board, while James Sabala and Kurt Allen have resigned from Cascadia's board [3]. Financing Details - Cascadia completed a private placement, converting 14,459,894 subscription receipts into shares and warrants, raising gross proceeds of C$2,024,385 [4]. - Finders' fees totaling $82,223 were paid, along with the issuance of 587,308 finder warrants to various finders [5]. Additional Information - Further details regarding the arrangement can be found in the news releases and management information circulars filed on SEDAR+ [6].