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Copper Quest Exploration Inc. (CSE: CQX,OTC:IMIMF; FRA: 3MX) (“Copper Quest” or the “Company”) is pleased to announce that, further to its press release dated December 1, 2025, it has issued a total of 10,142,104 flow-through shares of the Company (the “FT Shares”, and each a “FT Share”) at a price of $0.19 per FT. Share for aggregate gross proceeds of $1,927,000 in connection with the previously announced fully underwritten, unbrokered private placement (the “Private Placement”).
Each FT share constitutes a “flow-through share” within the meaning of the Income Tax Act (Canada) (the ” Tax law “) and the gross proceeds of the Private Placement will be used by the Company for exploration and related programs, which qualify as “Canadian exploration expenses” and “flow critical mineral mining expenditures”, as such terms are defined in the Tax Act, in connection with Copper Quest’s projects in British Columbia.
Brian Thurston, President & CEO of Copper Quest, commented: ” The team has spent the past twelve months building Copper Quest into a standout junior explorer with seven quality projects, including the recent acquisitions of Stars, Stellar, Nekash and the upcoming Kitimat and Alpine. Now is the time for the company to grow shareholder value by advancing these properties through earthworks and drilling. These funds will allow us to advance multiple properties in 2026, while continuing to vet quality partners to advance the rest. ”
In connection with the Private Placement, the Company paid cash finders’ fees in the aggregate amount of $130,199.98 and issued 685,261 finders’ warrants (the ” Finder’s orders “) which entitles the holder thereof to acquire one non-flow-through common share at an exercise price of C$0.19. The Finder’s Warrants expire on December 5, 2027.
All securities issued under the Private Placement are subject to a statutory retention period of four months, ending on April 6, 2026.
In response to increased interest in the Private Placement, the Company is also announcing that it may issue up to an additional 255,264 FT Shares on the same terms as stated above, no later than December 15, 2025. Any securities issued hereunder will be subject to a statutory hold period under applicable Canadian securities laws of four months and one day from the date of issuance.
Participation of related parties in the private placement
Jason Nickel, director of the company, participated in the private placement by purchasing 50,000 FT shares for $9,500. Mr. Nickel’s participation, as an insider of the Company, constitutes a “related party transaction” as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company relies on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value of the FT shares purchased by Mr. Nickel nor the consideration for the FT shares paid by Mr. Nickel exceeds 25% of the Company’s market capitalization amounted to. The Company did not file a material change report in relation to the related party transaction at least 21 days prior to the closing of the Private Placement, which the Company considers reasonable under the circumstances as the details of insider participation in the Private Placement were only settled shortly before the closing of the Private Placement and the Company wanted to complete the Private Placement in an expeditious manner.
The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the ” US securities law “), or any state securities laws, and may not be offered or sold absent registration or compliance with an applicable exemption from the registration requirements of the US Securities Act and applicable state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.
About Copper
Copper is an essential industrial metal at the heart of the global energy transition and modern infrastructure. It plays a crucial role in electrification, renewable energy systems, electric vehicles, data centers and smart technologies. As global demand rises and new supply is challenged by declining grades, complex permitting and underinvestment, the copper market faces persistent shortages and increasing geopolitical criticism. Recent U.S. policy announcements, including tariffs and initiatives to secure domestic and related supply chains, underscore the strategic importance of copper and the need for resilient, local resource exploration, development, production and processing capabilities.
ABOUT Copper Quest Exploration Inc.
Copper Quest (CSE: CQX,OTC:IMIMF; OTCQB: IMIMF; FRA: 3MX) focuses on building shareholder value through project acquisition and exploration and development of its North American Critical Mineral portfolio of assets. The company’s land package currently includes five projects covering more than 40,000 hectares in major mining jurisdictions, as well as the Kitimat Cu-Au project and the past-producing Alpine Gold Mine, both of which are pending acquisition following due diligence.
Copper Quest has a 100% interest in Stars Property, a porphyry copper-molybdenum discovery spanning 9,693 hectares in the Bulkley Porphyry Belt in central British Columbia. In addition to the Stars Property, Copper Quest has a 100% interest in the 5,389 hectare Stellar Property. CQX also has an earn-in option of up to 80% and a joint venture agreement for the 4,700 hectare porphyry-copper-molybdenum Rip Project, also in the Bulkley Porphyry Belt.
Copper Quest has a 100% interest in the Nekash Copper-Gold Project, a porphyry exploration opportunity located in Lemhi County, Idaho, along the productive Idaho-Montana porphyry copper belt, home to world-class systems such as Butte and CUMO. The project is fully accessible via maintained U.S. highways and forest roads and currently consists of 70 unpatented federal lode claims covering 585 acres.
Copper Quest has a 100% interest in the Thane Project, located in the Quesnel Terrane in Northern BC, which extends over 20,658 ha and has identified 10 high-priority targets demonstrating significant mineralization potential for copper and precious metals.
Copper Quest’s leadership and advisory teams consist of senior mining industry executives with a wealth of technical and capital markets experience and a strong track record of discovering, financing, developing and operating mining projects on a global scale. Copper Quest is committed to sustainable and responsible business operations in line with industry best practices, supporting all stakeholders, including the local communities in which it operates. The Company’s common shares are principally listed on the Canadian Stock Exchange under the symbol “CQX”. For more information about Copper Quest, please visit the company’s website: www.copper.quest.
On behalf of the board of Copper Quest Exploration Inc.
Brian Thurston, P. Geo.
General Manager and Director
Phone: 778-949-1829
For more information please contact:
Investor Relations
info@koper.quest
Forward-looking information
This press release contains certain “forward-looking information” and “forward-looking statements” (collectively ” forward-looking statements “) within the meaning of applicable securities laws. All statements, other than statements of historical fact, contained herein, including but not limited to statements regarding the terms and consummation of the Flow-Through Offering, the payment of finder’s fees and issuance of Finder’s Warrants, the expected closing date and planned use of proceeds from the Flow-Through Offering, and future operations and activities of Copper Quest, are forward-looking statements. Forward-looking statements are often, but not always, identified by words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible” and similar expressions, or statements that events, conditions or results “will”, “may”, “could” or “should” occur or be achieved, the ability to obtain regulatory approval for the Flow-Through Offering, risks associated with potential accidents and other risks associated with mineral exploration, the risk that the the Company may encounter unexpected geological factors, risks associated with the interpretation of exploration results, the possibility that the Company may be unable to obtain permits and other governmental approvals necessary to implement the Company’s exploration plans, the risk that the Company may not be able to raise sufficient funds to implement its business plans, and the risk of political uncertainties and changes in regulations or legislation that may affect the Company’s exploration plans could disrupt the Company’s business and prospects. Readers should not place undue reliance on the forward-looking statements and information contained in this press release on these matters. The Company assumes no obligation to update the forward-looking statements of beliefs, opinions, projections or other factors, except as required by applicable securities laws.
The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this press release and assumes no responsibility for the adequacy or accuracy of this press release.
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