Gunnison Copper Announces Distribution of Greenstone Shares

Core Viewpoint - Gunnison Copper Corp. is conducting an offering of up to 143,208,937 common shares currently owned by Greenstone Resources II LP and its affiliates, with completion expected by February 17, 2026 [1][2][4]. Group 1: Offering Details - The Greenstone Group has appointed Paradigm Capital Inc. to act as an agent for the offering on a "best efforts" basis [1]. - Completion of the offering is contingent upon the execution of share purchase agreements between the Greenstone Group and the purchasers [2]. - Following the offering, the Greenstone Group will no longer hold any common shares of Gunnison, resulting in a decrease of 33.88% in ownership [4]. Group 2: Company Background - Gunnison Copper Corp. is a multi-asset pure-play copper developer and producer, controlling the Cochise Mining District in Southern Arizona, which contains 12 known deposits [5]. - 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% [6]. - The preliminary economic assessment (PEA) for the Gunnison Copper Project indicates a net present value (NPV) of $1.3 billion, an internal rate of return (IRR) of 20.9%, and a payback period of 4.1 years [6]. Group 3: Additional Assets - The Johnson Camp Asset, now in production, is fully funded by Nuton LLC, with a production capacity of up to 25 million pounds of finished copper cathode annually [8]. - Other significant deposits in the district, such as Strong and Harris, South Star, and eight others, have the potential to serve as economic satellite feeder deposits for the Gunnison Project infrastructure [8].