Hadrian Capital Partners Inc. Provides Update on its Beneficial Ownership of Common Shares of Capstone Copper Corp.

Core Viewpoint - Hadrian Capital Partners Inc. has entered into a block trade agreement to sell 50 million CHESS depository interests (CDIs) of Capstone Copper Corp. at A$13.75 per CDI, resulting in gross proceeds of approximately A$687.5 million [1][3]. Group 1: Transaction Details - Hadrian will sell 50 million CDIs, equivalent to 50 million common shares of Capstone, at a price of A$13.75 per CDI, leading to gross proceeds of approximately A$687,500,000 [1]. - The settlement of the CDIs is expected to occur around October 14, 2025 [1]. - Prior to the transaction, Hadrian owned 100,712,661 Shares, representing about 13.2% of Capstone's total shares, which will decrease to 50,712,661 Shares, or approximately 6.7%, post-transaction [2]. Group 2: Financial Implications - The gross proceeds of A$687,500,000 are approximately Cdn$631,262,500 based on the exchange rate of Cdn$0.9182 to A$1.00 [3]. - The transaction represents a decrease of approximately 6.5% in Hadrian's ownership percentage in Capstone [2]. Group 3: Strategic Considerations - Hadrian's decision to sell the CDIs was influenced by various investment considerations, including market conditions and evaluation of alternative investments [4]. - Hadrian has no immediate plans to acquire or dispose of additional securities of Capstone, although future actions may depend on market conditions and other relevant factors [4].