Cascade Copper closes first tranche of critical mineral financing

  Vancouver, British Columbia - May 29, 2026 – TheNewswire - Cascade Copper Corp. (CSE: “CASC”; FRA:”91O” ) (“ Cascade ” or the “ Company ”) is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement of units (the “ Units ”) for aggregate gross proceeds in this tranche of CDN$352,444.92 (the “ Offering ”). The Company has received strong interest in the Offering and expects to close a second tranche in the coming weeks. The first tranche of the Offering consisted of the issuance of an aggregate of 1,286,000 critical mineral flow-through units (the “FT Units”) at a price of $0.07 per FT Unit, and 4,771,362 non-flow-through units (the “NFT Units”) at a price of $0.055 per NFT Unit.

Each FT Unit consists of one common share issued as a “flow-through share” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (a “FT Share”) and one-half of one non-flow-through common share purchase warrant. Each NFT Unit consists of one common share (a “NFT Share”) and one-half of one common share purchase warrant. Each whole warrant is exercisable to acquire one common share of the Company at an exercise price of $0.10 for a period of 36 months from the closing date of the Offering (collectively, the “Warrants”).

The Offering remains subject to all necessary regulatory approvals, including acceptance by the Canadian Securities Exchange (the “CSE”). All securities issued in connection with the Offering will be subject to a four-month hold period from the applicable closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada. The Offering is being made by way of private placement in Canada and such other jurisdictions as the Company may determine.

Following completion of this first tranche, the Company has 70,921,859 common shares issued and outstanding. Subscribers in the Offering included certain insiders of the Company (the “Insiders”). The issuance of Units to the Insiders constitutes a related party transaction within the meaning of Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions (“MI 61-101”).

The Company is relying on the exemptions from the formal valuation requirement and minority shareholder approval requirement under subsections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, in respect of the Insider participation in the Offering, as the fair market value of the Units subscribed for by the Insiders does not represent more than 25% of the Company’s market capitalization, as determined in accordance with MI 61-101. The gross proceeds from the sale of the FT Shares will be used to incur eligible “Canadian exploration expenses” that are intended to qualify as “flow-through critical mineral mining expenditures”, each as defined in the Income Tax Act (Canada) (the “Qualifying Expenditures”). The Qualifying Expenditures will be used primarily to fund drilling and exploration at the Company’s critical minerals projects in British Columbia and Ontario.