Canadian Copper Provides Status Update on Preliminary Economic Assessment and Exploration Program

About this update from Canadian Copper, Inc.

[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - May 13, 2025) - Canadian Copper Inc. (CSE: CCI) ("Canadian Copper" or the "Company") provides an update on its corporate activities related to its upcoming Caribou Complex Preliminary Economic Assessment ("PEA") and its on-going Murray Brook East exploration program.","length":333,"tagName":"p"},{"type":"text","content":"Combined Strategy PEA: Murray Brook Deposit & the Caribou Complex ","length":69,"tagName":"p"},{"type":"text","content":"The Company is scheduled to publish the financial and annual production results of its Combined Strategy PEA this month of May 2025 as planned. The development plan envisions processing the 100%-owned Murray Brook deposit at the existing and permitted Caribou Processing Complex. The Company signed a term sheet on October 28, 2024, to purchase the Caribou Processing Complex. For details of the transaction, please click here.","length":427,"tagName":"p"},{"type":"text","content":"The following activities remain to be completed prior to publishing the PEA this month:","length":87,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Tailings expansion design, capital, and closure strategy;","length":57,"tagName":"p"}]},{"val":[{"type":"text","content":"Project capital and operating cost review;","length":42,"tagName":"p"}]},{"val":[{"type":"text","content":"Combined Strategy reclamation cost estimate.","length":44,"tagName":"p"}]}],"tagName":"ol","bulletedList":false,"length":143},{"type":"text","content":"Murray Brook East Exploration Update ","length":36,"tagName":"p"},{"type":"text","content":"The exploration program at Murray Brook East (Figure A) remains on schedule for drilling in June. Required permitting and data compilation completed in April. During the month of May, mapping, prospecting and trenching will be carried-out to further refine targets. The Company expects to begin drilling its 1,500 meter drill program in June and results are expected for Q3 2025.","length":379,"tagName":"p"},{"type":"text","content":"The current Murray Brook East target area is 5.5 km in size and its eastern boundary is 4 km west of the past producing Caribou Mine. Work completed to date on the area consists of several geophysical surveys: MegaTEM in 2004, HeliTEM in 2011, gravity in 2012, and MT in 2021 (Figure B). In ...

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