Coppernico Metals Raises C$5M Via LIFE Offering for Peru Drilling

Coppernico Metals (TSX: COPR, OTCQB: CPPMF) is raising C$5 million through a listed issuer financing exemption (LIFE) offering, selling 14.3 million units at C$0.35 each. Each unit includes one common share and one warrant exercisable at C$0.50 for 24 months.

The proceeds will fund drill permitting and community agreements at the company's Sombrero Project in Peru, a 57,000-hectare copper-gold land package on the Andahuaylas-Yauri trend. The rest goes to working capital.

The LIFE exemption means the units carry no hold period under Canadian securities law, a meaningful difference from standard private placements. The offering closes around June 26, subject to TSX approval.

Coppernico will pay cash finder's fees and issue compensation warrants to eligible dealers who bring in investors, where local rules and the exchange allow it.

The Sombrero Project covers skarn, porphyry, and epithermal targets. The company's NI 43-101 technical report, filed in May 2024, focused on the Ccascabamba and Nioc targets. A third target, Tipicancha, was identified after that report.

Management and the technical team have a track record of raising capital and monetizing exploration discoveries in the Americas. The company's objective is to become a leading advanced copper and gold explorer.

The securities are not registered under U.S. securities laws and cannot be offered or sold in the United States without an exemption.

Forward-looking statements in the release cover the offering's completion, TSX approval, and use of proceeds. Risks are detailed in the company's 2025 annual information form and continuous disclosure filings on SEDAR+.