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MetalQuest Mining Comments On Positive Financing Milestone On Its Strategic Copper Investment In The Murray Brook Project, New Brunswick, Canada
(TheNewswire) April 16, 2026 – TheNewswire – Rockport, Ontario – Met...
About this update from Metalquest Mining Inc
[{"type":"text","content":"MetalQuest Mining Comments On Positive Financing Milestone On Its Strategic Copper Investment In The Murray Brook Project, New Brunswick, Canada\n(TheNewswire)\n\n\nApril 16, 2026 – TheNewswire\n– Rockport, Ontario – MetalQuest Mining Inc.\n(TSXV: MQM | OTCQB: MQMIF) (“MetalQuest” or the “Company”) is\npleased to comment on the positive financing announcement made today\nby Canadian Copper Inc. (“CCI”), which announced that it has\nsecured up to C$96 million in\nproject development capital from OR Royalties Inc. and Ocean\nPartners to advance\ndevelopment of its 100%-owned Murray Brook Project and Caribou Process\nPlant in the Bathurst Mining Camp of New Brunswick. \n\n\nMetalQuest currently holds ~1.1 million common shares\nof CCI, 2.5 million warrants, and also retains two net smelter return\nroyalties (“NSR”) totaling 1.0% on the Murray Brook Project. As a\nresult, Management believes this financing milestone is a highly\npositive development for our shareholders, as it may enhance the value\nof the Company’s strategic exposure to a project that is now moving\nfurther along the development curve.\n\n\nAs of April 14th close, Canadian Copper Inc. (CSE:CCI)\nclosed at $0.75 per share. \n\n\nAccording to CCI, the financing\nincludes a combination of precious metals streaming, project debt, and\nequity commitments, and is intended to support permitting,\nengineering, construction readiness, and advancement toward near-term\nproduction.\n\n\nManagement of CCI stated that the financing represents\na “significant de-risking milestone” and is designed to provide\nsufficient capital to complete key workstreams, award major project\ntenders, continue project engineering and permitting, and potentially\naccelerate the path toward production. The package includes C$38.35 million from\nOR Royalties in exchange for a 20% life-of-mine payable silver and\ngold stream, up to C$48 million in project debt from Ocean Partners in\nexchange for off-take rights, and up to C$10.5 million in equity\nsubscriptions. CCI also disclosed that C$12.33\nmillion is expected upon closing this month. For further details,\nplease see CCI press\nrelease.\n\n\nFor MetalQuest shareholders, this is important for\nseveral reasons; \n\n\n\n\nThird-party financing from es...