Business
Copper Road Provides Corporate Update
TORONTO, ON / ACCESS Newswire / January 29, 2026 / Copper Road Resources Inc. (TSXV:CRD) ("C...
About this update from Copper Road Resources Inc
[{"type":"text","content":"Copper Road Provides Corporate UpdateTORONTO, ON / ACCESS Newswire / January 29, 2026 / Copper Road Resources Inc. (TSXV:CRD) (\"Copper Road\" or the \"Company\") is pleased to provide a corporate update on its recent activities.As previously announced on December 8, 2025, the Company has entered into four separate option agreements (the \"Option Agreements\") to acquire options to earn a 100% interest in 174 mining cell claims and 13 patented mining claims covering an area of approximately 10,232 hectares, located in northeastern Ontario (the \"Ben Nevis Project\"). The Company has made initial aggregate milestone payments of $37,500 and 2,250,000 common shares in connection with the acquisition of the Ben Nevis Project with the below payments remaining: Cash ($)SharesYear 1165,000750,000Year 22120,0001,450,000Year 33200,0002,750,000Certain other events 2,000,000Total385,0006,950,000$25,000 of the cash balance may be payable in shares at the option of the optionor at a deemed price of $0.10 per share. The number of shares issuable pursuant to such settlement is reflected in the total number of shares.$50,000 of the cash balance may be payable in shares at the option of the optionor at a deemed price of $0.10 per share. The number of shares issuable pursuant to such settlement is reflected in the total number of shares.$100,000 of the cash balance may be payable in shares at the option of the optionor at a deemed price of $0.10 per share. The number of shares issuable pursuant to such settlement is reflected in the total number of shares.The Company expects to fund exploration on the Ben Nevis Project with the proceeds from its recently completed financing whereby the Company issued an aggregate total of 8,747,500 common share units and 16,033,333 flow-through units for aggregate gross proceeds of approximately $1,084,900. The press release of the Company dated December 31, 2025 disclosed the issuance of 3,380,889 flow-through units where such number should have been 3,380,886 flow-through units.Additionally, the press release of the Company dated December 8, 2025 announced the grant of 1,000,000 stock options to consultants expiring 5 years from the date of grant. The correct number of stock options granted to consultants on December 8, 2025 was 2,000,000 options with each stock option exercisable for a common share of the Comp...