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Cascade Copper Closes $931,000 Oversubscribed Critical Mineral Flow-Through Financing
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Vancouver, British Columbia – November 3, 2026 – TheNewswire - Cascade Copper Corp. (CSE: “CASC”; FRA: “91O”) (“Cascade” or the “Company”) is pleased to announce that it has closed its previously announced non-brokered private placement (the “Offering”) on November 2, 2026, issuing 15,516,667 critical mineral flow-through common shares
(the “FT Shares”) at a price of CDN$0.06 per FT Share for aggregate gross proceeds of CDN$931,000.02. The Offering, originally announced on October 22, 2026 for gross proceeds of up to CDN$800,000, was oversubscribed and increased to CDN$931,000.02 to accommodate additional investor demand.
Each FT Share is intended to qualify as a “flow-through share” as defined in subsection 66(15) of the Income Tax Act (Canada) (the “Act”). The gross proceeds of the Offering will be used to incur eligible Canadian exploration expenses that are intended to satisfy the definition of ‘flow-through critical mineral mining expenditure’ in subsection 127(9) of the Act (the “Qualifying Expenditures”). The Company intends to use the proceeds primarily for drilling and exploration at its critical mineral projects in British Columbia and Ontario, including Phase 2 drilling at the Centrefire Copper-Gold Project and geophysical surveys at Centrefire and Copper Plateau.
The Company intends to renounce the Qualifying Expenditures to subscribers of the FT Shares with an effective date no later than December 31, 2026, and to incur the Qualifying Expenditures on or before December 31, 2027, in accordance with the requirements of the Act.
In connection with the Offering, the Company paid aggregate cash finder’s fees of CDN$44,720 to arm’s-length finders and issued an aggregate of 745,333 non-transferable finder warrants (the “Finder Warrants”). Each Finder Warrant entitles its holder to acquire one common share of the Company at an exercise price of $0.06 per share until November 2, 2028. The FT Shares and Finder Warrants issued in connection with the Offering are subject to a statutory hold period and may not be traded before March 3, 2027, except as permitted under applicable securities legislation.
Subscribers in the Offering included one insider of the Company (the “Insider”). The issuance of FT Shares to the Insider 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 FT Shares subscribed for by the Insider does not represent more than 25% of the Company’s market capitalization, as determined in accordance with MI 61-101.
Following completion of the Offering, the Company has 91,650,972 common shares issued and outstanding.
The Offering remains subject to final acceptance by the Canadian Securities Exchange.
Cascade Copper is an exploration stage natural resource company engaged in the evaluation, acquisition, and exploration of copper based mineral resource properties. Cascade is focused on copper and gold, porphyry and mesothermal gold deposits in British Columbia and VMS and BIF copper, gold, and silver style deposits in Ontario. Cascade’s priority is to conduct exploration using modern technology that includes 3D inversion modelling of geophysics, LiDAR structural modelling, and AI enhanced Predictive Modelling from all historic and modern data inputs. Advanced geophysics and/or drilling is planned on several of its copper-gold targets this year. Cascade has five projects, including the
Copper Plateau Copper-Moly Project, the Centrefire Copper-Gold Project, the Rogers Creek Copper-Gold Project,
Fire Mountain Copper-Gold Project and the Bendor Gold-Tungsten Project.
FOR FURTHER INFORMATION, PLEASE CONTACT:
CASCADE COPPER CORP.
Jeffrey S. Ackert, President and CEO
Vancouver, BC V6E 4A4
Telephone: 1 613 851 7699
E-Mail: info@cascadecopper.com
Neither the CSE nor its Regulation Services Provider, as that term is defined in the policies of the CSE, accepts responsibility for the adequacy or accuracy of this release.
DISCLAIMER & FORWARD-LOOKING STATEMENTS
This news release includes certain “forward-looking statements” which are not comprised of historical facts. Forward-looking statements are based on assumptions and address future events and conditions, and by their very nature involve inherent risks and uncertainties. Although these statements are based on currently available information, Cascade Copper Corp. provides no assurance that actual results will meet management’s expectations. Factors which cause results to differ materially are set out in the Company’s documents filed on SEDAR+ (www.sedarplus.ca). Undue reliance should not be placed on “forward looking statements.”
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
