Company Overview - Copper Quest Exploration Inc. is focused on building shareholder value through the exploration and development of its North American Critical Mineral portfolio, comprising four projects over 40,000 hectares in favorable mining jurisdictions [8] - The company has a 100% interest in the Stars Property, a porphyry copper-molybdenum discovery covering 9,693 hectares, and the Stellar Property, which spans 5,389 hectares [9] - Additionally, Copper Quest holds an earn-in option for up to 80% on the 4,700-hectare Rip Project and has a 100% interest in the Thane Project, which covers 20,658 hectares with significant mineralization potential [10] Private Placement Details - The company closed the second tranche of a non-brokered private placement, issuing 4,070,534 units at a price of $0.075 per unit, resulting in gross proceeds of $305,290.05 [1][2] - Each unit consists of one common share and one share purchase warrant, with the warrants convertible at an exercise price of $0.15 and expiring on September 19, 2027, subject to acceleration under certain conditions [2] - The company paid finder's fees totaling $5,040 and issued 67,200 finder warrants with terms identical to the warrants [3] Insider Participation - An insider acquired 680,000 units in the private placement, which is classified as a related party transaction under Multilateral Instrument 61-101 [4] - The company relied on exemptions from valuation and minority shareholder approval requirements, as the transaction did not exceed 25% of its market capitalization [4] Use of Proceeds - Proceeds from the private placement are intended for exploration activities and general working capital [5] - All securities issued are subject to a statutory hold period expiring on January 20, 2026 [5] Industry Context - Copper is a critical industrial metal essential for electrification, renewable energy systems, and electric vehicles, with rising global demand and supply challenges [7] - The copper market faces persistent deficits and geopolitical scrutiny, emphasizing the need for resilient resource exploration and development [7]