Copper Road Upsizes Financing Again on Strong Investor Demand

TORONTO, ON – December 17, 2025 – Spurred by significant investor interest, junior explorer Copper Road Resources Inc. (TSX-V: CRD) has announced a second upsize to its non-brokered private placement, now aiming to raise nearly one million dollars to advance its critical mineral projects in Ontario. The move signals robust market confidence in the company's strategy and the growing appetite for investments tied to Canada's critical resource sector.

The upsized offering now seeks to raise up to $949,900. This is a substantial increase from the initial financing target announced just days ago on December 12, 2025. The financing is structured in two parts: up to $349,900 through the sale of common share units at $0.035 each, and up to $600,000 via flow-through units priced at $0.045 each. Each unit, whether common or flow-through, will include one common share and one purchase warrant, allowing the holder to buy an additional share at $0.05 for 18 months post-issuance.

Investor Confidence Fuels Expansion

The decision to upsize the offering for a second time is a direct result of what the company describes as “strong investor demand.” This enthusiasm is reflective of a notable turnaround in the company's market performance. While the stock has seen recent volatility, its value has increased by approximately 200% over the past year, climbing from a 52-week low of just $0.01. This upward trajectory, coupled with the oversubscribed placement, suggests a renewed belief in the company’s potential.

Adding to this sentiment is the planned participation of company insiders in the offering. While the transaction is structured to remain within regulatory thresholds that don't require minority shareholder approval, insider buying is often interpreted by the market as a powerful vote of confidence from those with the most intimate knowledge of the company’s assets and future plans. This internal alignment with external investor interest creates a compelling narrative for the company as it heads into a pivotal exploration season.

The financing also comes under the leadership of President and CEO Brian Howlett, a seasoned veteran of the junior mining industry who took the helm in July 2025. With over 30 years of experience in senior management and board positions at numerous exploration companies, Howlett’s reputation for financial stewardship and capital raising in the resource sector is likely a contributing factor to the current investor appeal.

Strategic Capital for Critical Minerals

The nearly $1 million in fresh capital is earmarked for specific, strategic purposes designed to directly advance Copper Road's exploration portfolio. The largest portion of the financing, the $600,000 from the flow-through units, will be directed toward “Canadian exploration expenses” at its Ontario properties, with a specific mention of the Ben Nevis Project.

The Ben Nevis Project is a cornerstone asset for Copper Road, located in the prolific Abitibi greenstone belt. The company recently consolidated the project area, expanding its footprint in the Ben Nevis Volcanic Complex to over 24,000 hectares. This consolidation provides the company with a district-scale opportunity to explore for large copper and gold deposits. Copper is officially designated as a critical mineral by both federal and provincial governments, making exploration for it a national strategic priority.

The remaining proceeds from the sale of common share units, up to $349,900, will be allocated to property payments related to the Ben Nevis Project and for general working capital. This balanced use of funds ensures the company can both advance its flagship project and maintain operational stability. This capital injection is crucial for funding the high-cost, high-reward work of mineral exploration, which includes geological surveying, trenching, and diamond drilling needed to define a potential resource.

Leveraging Canada's Tax-Advantaged Financing

A key driver of the strong investor demand is the structure of the offering, particularly the flow-through units. The Canadian flow-through share (FTS) mechanism is a powerful financial incentive designed to stimulate investment in domestic resource exploration. It allows companies to pass, or “flow through,” their exploration expenses to investors, who can then deduct these expenses from their own taxable income.

This offering is made even more attractive by the federal government's 30% Critical Mineral Exploration Tax Credit (CMETC). Since the funds are designated for exploring critical minerals like copper, investors in the flow-through units are eligible for this enhanced tax credit on top of the standard deductions. This significantly lowers the net cost of investment and de-risks the proposition for individuals, making it a highly efficient way for junior miners like Copper Road to raise capital at a lower dilution to existing shareholders.

The company has committed to renouncing all qualifying expenditures in favour of the FT Unit subscribers by December 31, 2025, allowing investors to apply the tax benefits to the current tax year. This strategic use of government incentives demonstrates a sophisticated approach to financing that aligns corporate needs with investor benefits, ultimately fueling the on-the-ground exploration essential for discovering the next generation of Canadian mines.

With regulatory approvals pending, including that of the TSX Venture Exchange, Copper Road anticipates the first closing of the offering to occur on or about December 22, 2025. The successful completion of this upsized financing will position the company with a healthy treasury to aggressively pursue its exploration programs in the new year.