Business
Canadian Copper Inc. Announces Up to $96M in Project Development Capital, Deepens Strategic Partnership with Ocean Partners, and Welcomes OR Royalties Inc. as New Partner
Toronto, Ontario--(Newsfile Corp. - April 14, 2026) - Canadian Copper Inc. (CSE: CCI) ("Canadian Copper" or the "Company") announces that it has secured up to $96,000,000 ("Project Financing") in committed capital from OR Royalties Inc. ("OR Royalties"), a global top-5 precious metal streaming company, and Ocean Partners UK Limited ("Ocean Partners") to advance development of its 100%-owned Murray Brook Project and Caribou Process Plant ("Combined Strategy" or "Bathurst Complex"). The Project...
About this update from Canadian Copper, Inc.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - April 14, 2026) - Canadian Copper Inc. (CSE: CCI) ("Canadian Copper" or the "Company") announces that it has secured up to $96,000,000 ("Project Financing") in committed capital from OR Royalties Inc. ("OR Royalties"), a global top-5 precious metal streaming company, and Ocean Partners UK Limited ("Ocean Partners") to advance development of its 100%-owned Murray Brook Project and Caribou Process Plant ("Combined Strategy" or "Bathurst Complex"). The Project Financing represents a significant de-risking milestone as the Company aims to become a near-term critical mineral producer in Bathurst, New Brunswick, Canada. A total of $12,330,000 is to be received upon closing this month. Amounts presented are in Canadian dollars assumes CAD Exchange Rate (USD:CAD) of 1.37.","length":880,"tagName":"p"},{"type":"text","content":"Project Financing Highlights ","length":28,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"OR Royalties will provide project funding of $38,350,000 in exchange for a 20% life-of-mine payable silver and gold stream from the Bathurst Complex.","length":149,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":149,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"Ocean Partners, a current 17% shareholder in Canadian Copper, will provide up to $48,000,000 in project debt in exchange for 100% of the Bathurst Complex off-take rights.","length":170,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":170,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"In addition, OR Royalties (concurrently) and Ocean Partners (a future date, if needed) have committed to common share equity subscriptions into Canadian Copper for an amount up to of $10,500,000.","length":195,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":195,"olType":false},{"type":"text","content":"Simon Quick, CEO of Canadian Copper stated, "Junior near-term producers have three primary goals: 1) secure project financing, 2) secure all necessary permits for construction, and 3) execute the project to plan. Today's Project Financing funds the PEA capital expenditure requirements but also allows our growing developme...