Phoenix, Arizona--(Newsfile Corp. - February 5, 2026) - Gunnison Copper Corp. (TSX: GCU) (OTCQB: GCUMF) (FSE: 3XS0) ("Gunnison" or the "Company") announces that on February 4, 2026, Greenstone Resources II LP ("Greenstone") together with its affiliates Greenstone Excelsior Holdings LP, Greenstone Co-Investment No 1 (Excelsior) LP and Greenstone Co-Investment No 2 (Excelsior) LP (together, the "Greenstone Group"), entered into an agreement (the "Agreement") with Paradigm Capital Inc ("Paradigm") pursuant to ...

Core Viewpoint - Lion Copper and Gold Corp. has secured a US$30.5 million investment from Nuton LLC, a subsidiary of Rio Tinto, to advance the Yerington Copper Project in Nevada, marking a significant milestone for the company [1][3]. Funding and Project Advancement - The funding is part of Stage 3 of the earn-in agreement and will be allocated towards the Definitive Feasibility Study (DFS) and related permitting activities, including technical optimization and environmental studies [2][5]. - This investment allows the company to progress the DFS and permitting work without significant dilution and execution risk for shareholders [3]. Strategic Importance of the Project - The Yerington Copper Project is located in a Tier-1 U.S. jurisdiction and is seen as crucial for increasing domestic copper cathode production, which is essential due to rising demand from sectors like electrification and electric vehicles [3][4]. - The project aims to qualify under the U.S. federal FAST-41 permitting framework, enhancing transparency and predictability in the permitting process for critical mineral projects [4]. Technological Advancements - The Nuton® Technology will be further refined during the DFS work program, aiming to improve copper recoveries and reduce capital intensity and environmental impact compared to conventional methods [5][7]. - Nuton focuses on producing low-footprint copper while ensuring positive impacts across various environmental and societal pillars [8]. Company Overview - Lion Copper and Gold Corp. is a junior mining company advancing its projects in Nevada through an earn-in agreement with Nuton, emphasizing modern processing technologies to accelerate production [6].

Core Insights - Gunnison Copper Corp. announced that Rio Tinto successfully produced the first copper using its Nuton® Technology at the Johnson Camp mine in Arizona, marking a significant advancement in copper processing technology [1][2][3] Technology Development - After over 30 years of research, the first copper cathode was produced using Rio Tinto's bioleaching technology, which utilizes microorganisms grown on-site [2] - The technology package is designed for a heap leach pad with a target production of approximately 30,000 tonnes of refined copper over a four-year demonstration period [2] Efficiency and Environmental Impact - Nuton technology allows for cleaner, faster, and more efficient copper production, achieving recovery rates of up to 85% from primary sulphides [5][6] - The environmental performance of Nuton is expected to surpass traditional methods, with up to 80% less water usage and up to 60% lower carbon emissions compared to conventional processes [6] Carbon Footprint - At Johnson Camp, Nuton aims to produce copper with the lowest carbon footprint in the U.S., with a projected mine-to-metal carbon footprint of 0.82 kg CO₂-e per kg of copper, significantly lower than the global average of 3.4 kg CO₂-e per kg [7] Production Capacity and Future Plans - The Johnson Camp asset is fully funded by Nuton LLC, with a production capacity of up to 25 million lbs of finished copper cathode annually [14] - The next phase will focus on validating long-term technical performance through multi-year testing and independent verification [9]

Core Viewpoint - Gunnison Copper Corp. has successfully repaid US$7.3 million of its non-convertible debt to Nebari, marking a significant step in its deleveraging strategy and enhancing its financial flexibility [1][3]. Debt Repayment - The repayment of US$7.3 million eliminates the non-convertible portion of the Second Amended and Restated Credit Agreement (Second ARCA) with Nebari [1]. - The remaining balance under the Second ARCA is US$5.25 million, which is convertible to equity at Nebari's discretion [2]. Financial Strategy - The company's management emphasizes reducing and ultimately eliminating debt as a core objective, with the recent repayment strengthening the balance sheet and capital structure [3]. - This achievement is expected to advance the goal of fully retiring the remaining Nebari secured debt [3]. Company Overview - Gunnison Copper Corp. is a multi-asset copper developer and producer, controlling the Cochise Mining District in Southern Arizona, which contains 12 known deposits [3]. - The flagship Gunnison Copper Project has a Measured and Indicated Mineral Resource of over 831.6 million tons with a total copper grade of 0.31% [4]. - The preliminary economic assessment (PEA) for the Gunnison Copper Project indicates a net present value (NPV) of US$1.3 billion and an internal rate of return (IRR) of 20.9% with a payback period of 4.1 years [4]. Production Capacity - The Johnson Camp Asset, now in production, is fully funded by Nuton LLC, a Rio Tinto Venture, with a production capacity of up to 25 million pounds of finished copper cathode annually [6]. - 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 [6].

Core Insights - Lion Copper and Gold Corp. has secured a US$31 million investment from Nuton LLC to advance the Yerington Copper Project, which is aimed at enhancing domestic copper cathode production and supporting the critical mineral supply chain [2][3]. Funding and Project Development - Nuton will provide funding to progress a Definitive Feasibility Study (DFS), mine permitting, and associated work programs at the Yerington Copper Project [3]. - To date, Nuton has invested approximately US$28 million in resource definition drilling, environmental studies, and preliminary assessments, which have been part of earlier project stages [4]. Strategic Importance - The advancement to Stage 3 is seen as a pivotal milestone for the Yerington Copper Project, reflecting confidence in its potential as a significant domestic copper supplier [5]. - The collaboration aims to meet rising copper demand with innovative and low-impact solutions, leveraging Nuton's proprietary bio-heap-leach technology [5][9]. Next Steps - During Stage 3, the parties will focus on completing the DFS, submitting final permitting applications, and conducting detailed engineering and cost estimation [6][13]. - Lion CG plans to provide updates on key milestones related to feasibility, permitting, and potential commercial agreements as the project progresses [7].

Core Viewpoint - Cyprium Metals Ltd has received final approval to restart the Nifty Copper Project in Western Australia, marking a significant step towards resuming copper cathode production [1][6]. Group 1: Project Restart and Development - The project will proceed into the first phase of development, consistent with a phased strategy to gradually increase production capacity [2]. - The initial restart will involve 30 to 35 staff per shift, creating over 70 permanent and 80 construction jobs [2][7]. - The restart is part of a broader plan that includes open pit development, additional oxide resource exploration, and refurbishment of the concentrator, with a long-term goal of producing 45,000 tonnes of copper per year [3][8]. Group 2: Financial Aspects - Cyprium Metals executed a binding term sheet with Nebari to refinance its existing USD 27.30 million senior secured loan facility, following an AUD 80.00 million equity raise [3][9]. - The new facility will provide added financial flexibility during the construction phase, allowing the company to maintain liquidity [4][10].

Group 1 - Ecora, a critical minerals focused royalty company, holds a 1.5% Realised Value Royalty on the Nifty Project [1] - Cyprium Metals Limited has announced the approval of the Cathode Project restart plan, with first copper cathode production expected in mid-2026 [1] - The Nifty Project is located in the Paterson region of Western Australia and is focused on the phased restart of the Nifty Copper Complex [1]

Core Viewpoint - Gunnison Copper Corp. has successfully closed the second and final tranche of its non-brokered private placement, raising gross proceeds of C$150,000.30 from the issuance of 333,334 Units to a single institutional investor [1]. Group 1: Private Placement Details - The Units were issued at a price of C$0.45 each, consisting of one common share and one-half of a common share purchase warrant [1]. - Each Warrant allows the holder to purchase one Common Share at a price of C$0.65 until October 31, 2028 [1]. - The total gross proceeds raised under the Offering amount to approximately C$13.3 million [1]. Group 2: Company Overview - Gunnison Copper Corp. is a multi-asset pure-play copper developer and producer, controlling the Cochise Mining District in Southern Arizona [3]. - 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% [4]. - The preliminary economic assessment (PEA) for the Gunnison Copper Project indicates a net present value (NPV) of $1.3 billion and an internal rate of return (IRR) of 20.9% with a payback period of 4.1 years [4]. Group 3: Production Capacity and Assets - The Johnson Camp Asset, now in production, is fully funded by Nuton LLC, a Rio Tinto Venture, with a production capacity of up to 25 million lbs of finished copper cathode annually [6]. - Other significant deposits controlled by Gunnison in the district include Strong and Harris, South Star, and eight additional deposits, which have the potential to serve as economic satellite feeder deposits for the Gunnison Project infrastructure [6].

Core Viewpoint - Gunnison Copper Corp. has successfully closed a non-brokered private placement financing, raising gross proceeds of C$13.1 million through the issuance of 29,138,378 Units, which will be utilized for various project-related activities and general working capital [1][3]. Financing Details - The financing consists of two components: a LIFE offering of 24,858,878 Units raising C$11,186,495.10 and a Hold offering of 4,279,500 Units raising C$1,925,775 [1][3]. - Each Unit is priced at C$0.45 and includes one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at C$0.65 for 36 months [2]. Use of Proceeds - Net proceeds from the Offering will be allocated to drilling, metallurgical testing, permitting activities for a pre-feasibility study, general administrative expenses, partial debt repayment to Nebari, and general working capital [3]. Offering Structure - The LIFE Offering Units were sold under the listed issuer financing exemption, allowing immediate tradeability under Canadian securities legislation [4]. - The Hold Offering Units are subject to a four-month hold period in Canada, expiring on March 1, 2026 [5]. Finder's Fees - Red Cloud Securities Inc. and other finders received a cash commission of 6% on the gross proceeds and were issued non-transferable finder warrants equal to 6% of the Units sold [6]. Company Overview - Gunnison Copper Corp. is a copper developer and producer controlling the Cochise Mining District in Southern Arizona, with its flagship Gunnison Copper Project having a Measured and Indicated Mineral Resource of over 831.6 million tons at a total copper grade of 0.31% [10][11]. - The project has a preliminary economic assessment indicating an NPV8% of $1.3 billion, an IRR of 20.9%, and a payback period of 4.1 years [11].

Core Insights - Cyprium Metals Ltd has announced new board appointments and updates on the Nifty Copper Complex development, indicating a strategic shift towards operational readiness [1][2] Company Developments - Jim Simpson and Amber Banfield have been appointed as non-executive directors, with Simpson bringing extensive experience in copper operations and Banfield specializing in ESG and sustainability [2][8] - The company has completed a capital raise to support the restart of the cathode project at Nifty, emphasizing the importance of both funding and skilled personnel in the mining sector [7][8] Nifty Copper Complex Development - A four-phase development plan for the Nifty restart has been outlined, including relining ponds, commissioning heaps, and preparing for full operational readiness [3][10] - Current work includes environmental infrastructure improvements, such as relining ponds and restoring drainage systems for leachate collection and stormwater management [3][12] Upcoming Milestones - Key upcoming events include a shareholder AGM in about one month and formal project sanctioning by the board [4][13] - Investors can expect ongoing updates regarding the Nifty project, including developments related to the attached sulfide resource and other assets in the portfolio [4][15]