Cascade Copper Announces Critical Mineral Flow-Through and Non-Flow-Through Financing

Core Points - Cascade Copper Corp. is conducting a non-brokered private placement to raise up to CDN$600,000 for its early 2026 exploration programs [1] - The offering includes a Critical Minerals flow-through component and a non-flow-through component, with specific pricing and terms for each [2][3] - The proceeds from the flow-through shares will primarily fund drilling programs in British Columbia and Ontario, while proceeds from non-flow-through units will cover general operating expenses [3] Offering Details - The flow-through units are priced at $0.04 each, consisting of one flow-through common share and one-half non-flow-through share purchase warrant, with full warrants exercisable at $0.05 for 36 months [2] - The non-flow-through units are priced at $0.035 each, comprising one common share and one-half non-flow-through warrant, also exercisable at $0.05 for 36 months [2] - The offering is expected to close in tranches, with the first tranche anticipated by late December, subject to necessary approvals [4][8] Regulatory and Compliance - The company intends to renounce qualifying expenditures to subscribers of flow-through units for the fiscal year ending December 31, 2025, and incur necessary expenditures by December 31, 2026 [5] - The offering is available to existing shareholders under specific exemptions, limiting individual investments to a maximum of $15,000 unless certain conditions are met [6] - All securities issued will be subject to a four-month hold period under Canadian securities laws [8] Company Overview - Cascade Copper is focused on the evaluation, acquisition, and exploration of copper-based mineral resource properties, particularly in British Columbia and Ontario [9] - The company employs modern technology for exploration, including 3D inversion modeling and AI-enhanced predictive modeling [9] - Cascade has five projects, including the Copper Plateau Copper-Moly Project and the Centrefire Copper Project, with drilling planned for several projects this year [9]