NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Aug. 25, 2025 (GLOBE NEWSWIRE) -- NorthWest Copper Corp. (“NorthWest” or “the Company”) (TSX-V: NWST) is pleased to announce it has upsized a second time, its non-brokered critical mineral flow through private placement financing originally announced on July 16, 2025 and July 29, 2025 (“FT Offering”). Continued demand for the FT Offering has allowed the Company to increase the placement for a second t ...

Core Viewpoint - NorthWest Copper Corp. successfully closed an oversubscribed non-brokered private placement financing, raising a total of $555,000 through the sale of 2,775,000 units at $0.20 per unit, which will primarily be used for general working capital purposes [1][2]. Financing Details - The private placement consisted of 2,775,000 units priced at $0.20 each, resulting in gross proceeds of $555,000 [2]. - Each unit includes one common share and one half of a non-transferable common share purchase warrant, with each whole warrant exercisable at $0.30 until July 3, 2027 [2]. - The company paid cash finder's fees of $6,000 and issued 30,000 compensation warrants, also exercisable at $0.30 until July 3, 2027 [3]. Strategic Insights - CEO Paul Olmsted highlighted that the increased demand for the private placement reflects confidence in the company's new strategic approach at Kwanika, focusing on higher-grade zones within current mineralization [3]. - The financing is seen as a crucial step in preparing for the next phase of exploration drilling and metallurgical work aimed at enhancing value at Kwanika [3]. Related Party Transactions - Three directors of the company acquired a total of 400,000 units for $80,000, which qualifies as a related party transaction [5]. - These transactions are exempt from certain requirements under Multilateral Instrument 61-101 due to the fair market value of the securities not exceeding 25% of the company's market capitalization [5]. Company Overview - NorthWest Copper is engaged in copper and gold exploration and development, with a portfolio of advanced and early-stage projects in British Columbia, including Kwanika-Stardust, Lorraine-Top Cat, and East Niv [7]. - The company is positioned to benefit from a strengthening global copper market and a robust gold market, emphasizing responsible mineral exploration in collaboration with First Nations [7].

Core Viewpoint - NorthWest Copper Corp. is conducting a non-brokered private placement financing of up to 2,500,000 units at a price of $0.20 per unit, aiming for gross proceeds of up to $500,000 [1][2] Group 1: Private Placement Details - Each unit consists of one common share and one half of a non-transferable common share purchase warrant, with each whole warrant exercisable for an additional common share at an exercise price of $0.30 for a period of 2 years [1] - Proceeds from the private placement will primarily fund general working capital purposes [2] - The private placement is subject to approval from the TSX Venture Exchange, and all common shares issued will be subject to a four-month hold period from the closing date [2] Group 2: Insider Participation and Related Party Transactions - Certain insiders of the company are expected to acquire common shares, which will be considered a "related party transaction" under Multilateral Instrument 61-101 [3] - The company intends to rely on exemptions from formal valuation and minority shareholder approval requirements due to the fair market value of related party participation being below 25% of the company's market capitalization [3] Group 3: Company Overview - NorthWest Copper is a copper and gold exploration and development company with a portfolio of advanced and early-stage projects in British Columbia, including Kwanika-Stardust, Lorraine-Top Cat, and East Niv [5] - The company is positioned to benefit from a strengthening global copper market and a robust gold market, emphasizing responsible mineral exploration in collaboration with First Nations [5]