PNG's Prime Minister, the Hon. James Marape, expressed his support of the Yandera Copper Project, a nationally important project promising long-term value for the country.The Yandera Copper Pre-Feasibility Study* demonstrates the project's potential as a large-scale, open-pit copper mining operation with annual production of 100,000 tonnes of copper over a 20-year LOM. Freeport Resources is in discussions to advance Yandera Copper, one of the largest undeveloped copper projects in the world, to Feasibility ...

Core Viewpoint - Freeport Resources Inc. has successfully closed the third tranche of its non-brokered private placement, raising approximately $100,500 through the issuance of 3,350,000 units, which will support the development of the Yandera Copper Project and general working capital needs [1][2]. Group 1: Private Placement Details - The third tranche is part of a larger offering of up to 116,666,666 units at a price of $0.03 per unit, aiming for gross proceeds of up to $3,500,000 [2]. - Each unit consists of one common share and one-half of a share purchase warrant, with each whole warrant allowing the purchase of an additional common share at $0.06 for twelve months [1]. Group 2: Financial Proceeds and Future Plans - Following the completion of the third tranche, the company has raised gross proceeds of $2,438,350 through the issuance of 81,278,331 units in connection with the offering [4]. - The company has received an extension from the TSX Venture Exchange to complete a fourth and final tranche, anticipated to close around January 9, 2026, pending approval [4]. Group 3: Company Overview - Freeport Resources is a Canadian mineral exploration company focused on advancing the Yandera copper-gold-molybdenum project, one of the largest undeveloped copper-gold deposits globally, covering approximately 245.5 square kilometers [5].

Core Viewpoint - Freeport Resources Inc. has successfully closed the first tranche of a non-brokered private placement, raising approximately $1.61 million, and is progressing with the renewal of its Yandera Exploration License in Papua New Guinea [1][2][6]. Group 1: Private Placement Details - The first tranche involved the issuance of 53,828,332 units at a price of $0.03 per unit, resulting in gross proceeds of approximately $1,614,850 [1]. - The overall offering aims to raise up to $3 million through the issuance of up to 100,000,000 units, with proceeds designated for the Yandera Copper Project and general working capital [2]. - Insiders subscribed for a total of 925,000 units in the first tranche, which is classified as a related party transaction [5]. Group 2: Finder's Fees and Securities Restrictions - A finder's fee of $6,000 was paid, along with the issuance of 2,106,700 non-transferrable finder warrants, each exercisable at $0.05 for 12 months [3]. - All securities issued in connection with the offering are subject to a four-month resale restriction [4]. Group 3: Yandera Exploration License Update - The Mineral Resources Authority of Papua New Guinea has confirmed receipt of the application for the renewal of Exploration License 1335, covering 245.5 square kilometers [6][8]. - A Wardens Hearing is being scheduled as part of the renewal process, with community support for the project [9]. - The Yandera Copper Project has seen approximately $200 million invested in exploration and development since 2005, with significant drilling and studies completed [10]. Group 4: Project Significance and Future Plans - The Yandera Copper Project is one of the largest undeveloped copper deposits globally, located 95 km southwest of Madang, Papua New Guinea [12]. - The project is expected to create economic benefits across five provinces, including infrastructure development and job creation [12]. - The company is committed to responsible development and advancing the project towards economic decisions and further exploration [11].