Northwest Copper Announces Closing of Oversubscribed Private Placement
Press Release
VANCOUVER, British Columbia, July 04, 2025 — NorthWest Copper Corp. (“NorthWest” or “the Company”) (TSX-V: NWST) is pleased to announce the closing of its oversubscribed non-brokered private placement financing originally announced on May 21, 2025.
The Company closed on subscriptions for 2,775,000 units (each a “Unit”) at a price of $0.20 per Unit for gross proceeds of $555,000. Each Unit consists of one common share of the Company (each a “Common Share”) and one half of one non-transferable common share purchase warrant (each whole warrant being a “Warrant”) with each Warrant exercisable to purchase one additional Common Share of the Company at an exercise price of $0.30 until July 3, 2027. Proceeds of the private placement will be used primarily for general working capital purposes.
CEO Paul Olmsted stated, “The increased demand under the private placement reflects confidence in our new strategic approach at Kwanika where we are targeting higher-grade zones identified within the current mineralization. Closing of this financing is an important step as we prepare to launch and execute on the next phase of exploration drilling and metallurgical work aimed at enhancing value at Kwanika.”
The Company paid cash finder’s fees of $6,000 and issued 30,000 compensation warrants (the “Compensation Warrants”) to an eligible finder. Each Compensation Warrant entitles the holder to acquire one Common Share of the Company at $0.30 until July 3, 2027.
All securities issued in the private placement are subject to a hold period expiring on November 4, 2025.
Three Directors of the Company, Maryantonett Flumian, Enrico De Pasquale and Paul Olmsted acquired a total of 400,000 units for aggregate proceeds of $80,000. Such participation will each be considered a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The related party transactions are exempt from the valuation and minority shareholder approval requirements of MI 61-101 by virtue of the exemptions contained in sections 5.5(a) and 5.7(1) (a) of MI 61-101 in that the fair market value of the consideration for the securities of the Company to be issued to the related parties, does not exceed 25% of its market capitalization.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
About NorthWest Copper:
NorthWest Copper is a copper and gold exploration and development company with a pipeline of advanced and early-stage copper and gold projects in British Columbia, including Kwanika-Stardust, Lorraine-Top Cat and East Niv. With a robust portfolio in a tier one jurisdiction, NorthWest Copper is well positioned to participate fully in a strengthening global copper market and the robust gold market. We are committed to responsible mineral exploration which involves working collaboratively with First Nations to ensure future development incorporates stewardship best practices and traditional land use. Additional information can be found on the Company’s website at www.northwestcopper.ca .
On Behalf of NorthWest Copper Corp.
“Paul Olmsted”
CEO, NorthWest Copper
For further information, please contact:
604-683-7790
info@northwestcopper.ca
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