Coppernico Metals secures C$1 million strategic financing

VANCOUVER, British Columbia, Aug. 06, 2026 (GLOBE NEWSWIRE) -- Coppernico Metals Inc. (TSX: COPR, OTCQB: CPPMF, FSE: 9I3) (“Coppernico” or the “Company”) is pleased to announce that it has closed a non-brokered private placement financing (the “Offering”) for aggregate gross proceeds of C$995,349.60. Under the Offering, the Company issued 2,843,856 units (the “Units”) at a price of C$0.35 per Unit. The Offering was placed with two subscribers, primarily including participation by Teck Resources Limited (“Teck”) to maintain its previous 9.9% interest on a non-diluted basis.

Each Unit consists of one common share of the Company (a “Share”) and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to acquire one additional Share at an exercise price of C$0.50 until August 6, 2028.

The Company intends to use the net proceeds from the Offering to advance drill permitting and community agreements in support of future exploration activities at its Sombrero Project in Peru, to pursue additional corporate and project-related initiatives and milestones, and for general corporate and working capital purposes.

Ivan Bebek, Chair and CEO of Coppernico, commented, "We are pleased to have Teck's continued support through this financing, which follows our recently completed oversubscribed LIFE offering. We are entering into what we believe will be the most transformative chapter in our history.

After years of disciplined technical work, permitting, and community engagement, Sombrero is approaching a defining moment. As key drill permits advance, we are preparing to commence drilling at Sombrero in the second half of this year, a highly compelling copper-gold opportunity with the potential to deliver both exceptional grades and a district-scale discovery.

Sombrero is a unique exploration asset defined by the opportunities for grade and scale. With a strengthening copper market, a supportive long-term supply-demand outlook, and multiple catalysts now converging, we believe the foundation has been laid for a period of potential meaningful value creation. We look forward to advancing the project and the potential we see at Sombrero."

Teck’s Participation and Early Warning Disclosure

Under the Offering, Teck acquired 1,843,856 Units at a price of C$0.35 per Unit for aggregate consideration of C$645,349.60. Immediately prior to the issuance of the Units, Teck owned 17,546,580 Shares, representing approximately 9.1% of Coppernico's issued and outstanding Shares on a non-diluted basis. Immediately following the completion of the issuance of the Units, Teck now beneficially owns, directly or indirectly, or exercises control or direction over: (i) 19,390,436 Shares, representing a 9.9% interest in the current outstanding Shares on a non-diluted basis, and (ii) 1,843,856 Warrants. If the Warrants are exercised, Teck’s ownership percentage will increase to a maximum of 10.74% of outstanding Shares on a partially diluted basis, meaning if other Coppernico dilutive securities remained unexercised at the time.