NorthWest Upsizes Flow Through Financing to $4.1 Million and Closes Final Tranche

Core Insights - NorthWest Copper Corp has successfully upsized its non-brokered critical mineral flow-through private placement financing to a total of $4.1 million due to strong investor demand [1][2] - The funds will be utilized for exploration drilling and metallurgical programs at the Kwanika project, focusing on higher-grade zones within existing mineral resources [2][3] Financing Details - The final tranche of the upsized flow-through offering closed with subscriptions of 887,490 units at a price of $0.225 per unit, generating gross proceeds of $0.9 million [1][2] - Each 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 22, 2027 [2][4] Exploration Plans - The financing allows for a staged approach to the 2025 exploration program, which includes a 5,135-meter drill program aimed at confirming and expanding higher-grade zones [2] - Additional nearby targets, such as the Transfer Target and Andesite Breccia Target, will also be tested for potential new mineralization [2] Tax Implications - The flow-through shares will qualify as "flow-through shares" under Canadian tax law, with proceeds allocated to eligible resource exploration expenses [3] Advisory and Fees - Canaccord Genuity Corp acted as the financial advisor for the offering, with the company incurring cash finder's fees and issuing common shares and compensation warrants as part of the final tranche [4]