Gunnison Copper closes final tranche of financing
2025-10-31 19:08 ET – News Release
Dr. Stephen Twyerould reports
GUNNISON COPPER ANNOUNCES CLOSING OF SECOND AND FINAL TRANCHE OF PRIVATE PLACEMENT
Gunnison Copper Corp. has closed a second and final tranche of its previously announced non-brokered private placement for aggregate gross proceeds of $150,000.30 from the issuance of 333,334 units to a single institutional investor. Each unit, issued at a price of 45 cents per unit, consists of one common share of the company and one-half of one common share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of 65 cents at any time on or before Oct. 31, 2028. The securities issuable pursuant to the sale of the units will be subject to a four-month hold period in Canada pursuant to applicable Canadian securities laws that expires on March 1, 2026. The company raised aggregate gross proceeds of approximately $13.3-million under the offering. Please refer to the company’s news release dated Oct. 30, 2025 for additional details.
About Gunnison Copper Corp.
Gunnison Copper is a multiasset pure-play copper developer and producer that controls the Cochise mining district (the district), containing 12 known deposits within an eight-kilometre economic radius, in the southern Arizona copper belt.
Its flagship asset, the Gunnison copper project, has a measured and indicated mineral resource containing over 831.6 million tons with a total copper grade of 0.31 per cent (measured mineral resource of 191.3 million tons at 0.37 per cent and indicated mineral resource of 640.2 million tons at 0.29 per cent), and a preliminary economic assessment (PEA) yielding robust economics, including a net present value (NPV) at 8 per cent of $1.3-billion, an internal rate of return (IRR) of 20.9 per cent and a payback period of 4.1 years. It is being developed as a conventional operation with open-pit mining, heap leach and SX/EW refinery to produce finished copper cathode on-site with direct rail link.
The PEA is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the conclusions reached in the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.
In addition, Gunnison’s Johnson Camp asset, which is now in production, is fully financed by Nuton LLC, a Rio Tinto venture, with a production capacity of up to 25 million pounds of finished copper cathode annually.
Other significant deposits controlled by Gunnison in the district, with potential to be economic satellite feeder deposits for Gunnison project infrastructure, include Strong and Harris, South Star, and eight other deposits.
For additional information on the Gunnison project, including the PEA and mineral resource estimate, please refer to the company’s technical report, entitled “Gunnison Project NI 43-101 Technical Report Preliminary Economic Assessment,” dated effective Nov. 1, 2024, and available on SEDAR+.
Dr. Stephen Twyerould, fellow of AusIMM, president and chief executive officer of the company, is a qualified person as defined by National Instrument 43-101. Dr. Twyerould has reviewed and is responsible for the technical information contained in this news release.
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