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Coppernico Metals Closes C$5.5 Million Private Placement

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Coppernico Metals (COPR.TO) after trade Friday said it closed a private placement, raising C$5.5 million.

The company placed of 15.7-million units priced at C$0.35 each and made up of a share and a two-year warrant to buy a share for C$0.50.

"The financing is timely, with several key near-term milestones being pursued relative to completing key permits and other initiatives for our next phase of growth and an exciting second half of 2026 for the company," Chief Executive Ivan Bebek said.

The securities issued under the offering are not subject to a hold period under Canadian securities laws. The Toronto Stock Exchange has conditionally approved the listing of the shares and any shares issued upon warrant exercise, with final approval expected after the company files customary closing documents, according to the statement.

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