AXO Copper Corp. Announces Upsize of Previously Announced Bought Deal to $35 million

Core Viewpoint - AXO Copper Corp. has announced a bought deal offering of 50,000,000 units at a price of $0.70 per unit, aiming to raise gross proceeds of $35,000,000 due to strong investor demand [2]. Group 1: Offering Details - Each unit consists of one common share and one-half of a warrant, with each whole warrant exercisable into one common share at a price of $1.00 for 18 months [3]. - The company has granted underwriters an option to purchase up to an additional 15% of the offering, potentially raising total gross proceeds to $40,250,000 if fully exercised [4]. - The offering is scheduled to close on or about February 19, 2026, subject to necessary approvals [6]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for exploration and advancement of the La Huerta Project and San Antonio Gold Project, as well as for general working capital purposes [5]. Group 3: Company Overview - AXO Copper Corp. is engaged in the exploration and development of the La Huerta property, a new copper discovery in Jalisco, Mexico, and the San Antonio gold property, a past-producing oxide copper mine located in Sonora, Mexico [9].