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Railtown II Capital Corp. Announces Name Change and Signing of a Non-Binding Letter of Intent with Kodiak Copper and Teck to Create New US-Focused Copper Exploration Company
Vancouver, British Columbia--(Newsfile Corp. - May 5, 2026) - Railtown II Capital Corp., currently an unlisted reporting issuer, announces that it has changed its corporate name to Kay Copper Corp. ("Kay Copper"), in conjunction with entering into a non-binding letter of intent (the "LOI") with Kodiak Copper Corp. (TSXV: KDK) (OTCQX: KDKCF) (FSE: 5DD1) ("Kodiak") and Teck Resources Limited (collectively with its subsidiary Teck American Incorporated, "Teck"), which outlines the principal terms..
About this update from Teck Resources Limited Class A
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - May 5, 2026) - Railtown II Capital Corp., currently an unlisted reporting issuer, announces that it has changed its corporate name to Kay Copper Corp. ("Kay Copper"), in conjunction with entering into a non-binding letter of intent (the "LOI") with Kodiak Copper Corp. (TSXV: KDK) (OTCQX: KDKCF) (FSE: 5DD1) ("Kodiak") and Teck Resources Limited (collectively with its subsidiary Teck American Incorporated, "Teck"), which outlines the principal terms of a proposed transaction to be completed by way of a three-cornered amalgamation (the "Transaction").","length":651,"tagName":"p"},{"type":"text","content":"Under the Transaction, Kodiak would vend its 100% owned Mohave project ("Mohave") and Teck would vend its 100% owned Copper Hill project ("Copper Hill"), both located in Arizona, into a subsidiary of Kay Copper to create a new US-focused copper exploration company that would apply to list its shares on the TSX Venture Exchange ("TSXV"). The Transaction is subject to ongoing negotiations, the execution of definitive agreements, due diligence, consents and regulatory approval, approval of the TSXV and the completion of the Newco Initial Financing (as defined below) and the Newco Concurrent Financing (as defined below). There is no guarantee that the Transaction will be completed.","length":716,"tagName":"p"},{"type":"text","content":"Strategic Rationale ","length":19,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Transaction is anticipated to generate synergies and unlock value that is not being recognized within current corporate structures","length":130,"tagName":"p"}]},{"val":[{"type":"text","content":"Conducive environment for domestic critical mineral projects in the United States","length":81,"tagName":"p"}]},{"val":[{"type":"text","content":"Premier jurisdiction - Arizona is a prolific mining district with existing infrastructure that produced 70% of US copper production in 2025","length":139,"tagName":"p"}]},{"val":[{"type":"text","content":"Quality assets - two 100% owned exploration-stage copper porphyry projects","length":74,"tagName":"p"}]},{"val":[{"type":"text","content":"Near-term exploration upside - multiple drill-ready targets on both projects that can be advanced ...