Calgary, Alberta--(Newsfile Corp. - June 25, 2026) - Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) (FSE: HPU) ("Copper Fox" or the "Company") announces that its unaudited interim consolidated April 30, 2026, financial statements have been filed on SEDAR+. For the Quarter ended April 30, 2026, Copper Fox had a net loss of $639,670 (October 31, 2025 - $1,071,237) which equated to $0.00 loss per share (October 31, 2025 - $0.00 loss per share).
Elmer B. Stewart, President and CEO of Copper Fox, stated, "It has been a very exciting and busy Quarter, the work being completed by the various contractors on the 2026 Preliminary Economic Assessment (PEA) at Van Dyke continues and will include an updated mineral resource estimate (MRE) to support the 2026 PEA. The maiden drilling program at Mineral Mountain has confirmed the discovery of a large Laramide age porphyry copper system with six additional mineral claims being added to cover the possible extension of the large target. Teck Resources Limited, Operator of the Schaft Creek Joint Venture (SCJV), following the positive results of the 2025 drill program, announced a $9.1 million program for 2026 and reported the results of geotechnical, hydrogeological, environmental and meteorological studies.
Our current focus is completion of the 2026 MRE and PEA for the Van Dyke project. Compilation and assessment of a drilling program for Mineral Mountain is planned contingent on receipt of the analytical results for the bottom 300 meters of drillhole DDH MM-02-2025. The Eaglehead and Sombrero Butte projects are at various stages of the permitting process to obtain the permits required to conduct future exploration programs. Copper Fox is looking forward to working with the regulatory bodies to diligently advance these permitting initiatives."
During the six months ended April 30, 2026, the Company incurred $2,894,499 in expenditures toward furthering the development of its Van Dyke copper project and furthering exploration of its Eaglehead, Sombrero Butte and Mineral Mountain copper projects. The SCJV continued working on various technical reviews on Schaft Creek. Copies of the financial statements, notes, and related management discussion and analysis may be obtained on SEDAR+ at www.sedarplus.ca, the Company's web site at www.copperfoxmetals.com or by contacting the Company directly. All references to planned activities and technical information contained in this news release have been previously announced by way of news releases. All amounts are expressed in Canadian dollars unless otherwise stated.