Edge Copper closes public offering and concurrent private placement

Canada NewsWire /Not for distribution to U.S. news wire services or dissemination in the United States./ VANCOUVER, BC , June 9, 2026 /CNW/ - Edge Copper Corporation (TSXV: EDCU) (" Edge Copper " or the " Company ") is pleased to announce the closing of its previously announced overnight marketed offering, consisting of 32,747,414 common shares at a price of C$0.58 per common share, including 2,575,000 common shares issued pursuant to the exercise of the underwriter's over-allotment option (the " Public Offering "). The gross proceeds from the Public Offering to the Company were C$18,993,500. The Public Offering was made through a syndicate of underwriters co-led by CIBC Capital Markets and Beacon Securities Limited and including ATB Cormark Capital Markets and National Bank Financial Inc. Concurrently with the closing of the Public Offering, the Company completed a non-brokered private placement of 6,974,747 common shares of the Company to purchasers, including certain insiders of the Company, at a price of C$0.58 per common share, for gross proceeds of C$4,045,353 (the " Private Placement ").

Aggregate gross proceeds from the Public Offering and the Private Placement were C$23,038,853. The Company proposes to use the net proceeds from the Public Offering and the Private Placement primarily to advance exploration and development of its wholly-owned Zonia Copper Project in Arizona. Certain insiders of the Company purchased common shares in each of the Public Offering and the Private Placement.

Insider participation in the Public Offering and the Private Placement is in each case a "related party transaction" within the meaning of Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions (" MI 61-101 "). Edge Copper relied on the exemption from formal valuation and minority shareholder approval requirements under section 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as the fair value of the common shares issued to insiders in each of the Public Offering and the Private Placement, and the consideration paid by the insiders therefor, does not exceed 25% of Edge Copper's market capitalization. The common shares issued in the Private Placement are subject to a statutory hold period of four months, expiring on October 9, 2026, pursuant to applicable securities laws and TSX Venture Exchange rules.

In connection with the Private Placement, the Company paid a cash fee of C$6,251 to an arm's length registrant for services rendered in connection with one subscription. In connection with the closing of the Public Offering, the Company paid to the underwriters cash commission in the aggregate amount of C$944,425, representing 2.5% of the gross proceeds of the Public Offering of common shares to certain insiders of the Company, and 5% of the gross proceeds of the Public Offering of common shares to the public. CIBC Capital Markets, Beacon Securities Limited, ATB Cormark Capital Markets and National Bank Financial Inc. received C$381,579, C$381,579, C$132,467 and C$44,156, respectively, and certain arm's length registrants received an aggregate of C$4,644.