Gunnison Copper Announces Closing of Second and Final Tranche of Private Placement

Core Viewpoint - Gunnison Copper Corp. has successfully closed the second and final tranche of its non-brokered private placement, raising gross proceeds of C$150,000.30 from the issuance of 333,334 Units to a single institutional investor [1]. Group 1: Private Placement Details - The Units were issued at a price of C$0.45 each, consisting of one common share and one-half of a common share purchase warrant [1]. - Each Warrant allows the holder to purchase one Common Share at a price of C$0.65 until October 31, 2028 [1]. - The total gross proceeds raised under the Offering amount to approximately C$13.3 million [1]. Group 2: Company Overview - Gunnison Copper Corp. is a multi-asset pure-play copper developer and producer, controlling the Cochise Mining District in Southern Arizona [3]. - The flagship asset, the Gunnison Copper Project, has a Measured and Indicated Mineral Resource of over 831.6 million tons with a total copper grade of 0.31% [4]. - The preliminary economic assessment (PEA) for the Gunnison Copper Project indicates a net present value (NPV) of $1.3 billion and an internal rate of return (IRR) of 20.9% with a payback period of 4.1 years [4]. Group 3: Production Capacity and Assets - The Johnson Camp Asset, now in production, is fully funded by Nuton LLC, a Rio Tinto Venture, with a production capacity of up to 25 million lbs of finished copper cathode annually [6]. - Other significant deposits controlled by Gunnison in the district include Strong and Harris, South Star, and eight additional deposits, which have the potential to serve as economic satellite feeder deposits for the Gunnison Project infrastructure [6].