Getty Copper's $15M Reset: New Capital, New Leadership for a Mining Revival

VANCOUVER, BC – December 04, 2025 – In a move that signals a significant strategic pivot, junior explorer Getty Copper Inc. (TSXV: GTC) today confirmed the closing of a C$15 million brokered private placement. While any capital infusion is notable in the junior mining space, this transaction is far more than a simple treasury top-up. It represents a comprehensive corporate reset, designed to wipe the company's financial slate clean, install a new team of seasoned industry veterans, and aggressively advance a promising copper asset in one of Canada's most prolific mining districts.

The financing is the critical first step in a proposed amalgamation with the aptly named 1390120 B.C. Ltd. (Numberco), a transaction that appears engineered to inject not just capital, but crucial human capital into Getty. For investors tracking the flow of smart money into the critical minerals sector, Getty Copper's story is shifting from one of quiet potential to one of strategic execution.

A Financial Clean Slate

At its core, the C$15 million financing, led by Clarus Securities Inc. and Velocity Capital Partners, fundamentally transforms Getty Copper's balance sheet. The company has earmarked approximately C$3.7 million of the proceeds to retire all of its existing indebtedness. This single move is transformational, taking the company from a working capital deficit of over C$1.8 million (as of its last reporting period) to a debt-free entity with a war chest of over C$11 million for operations.

The mechanics of the deal, structured as an offering of subscription receipts, cleverly tie the funding directly to the successful completion of the strategic amalgamation. The gross proceeds are currently held in escrow and will only be released once all conditions for the merger are met, including final approval from the TSX Venture Exchange. This structure provides a layer of security for the new investors, ensuring their capital is deployed into the revitalized company as intended. Should the amalgamation not close by the June 4, 2026 deadline, the funds will be returned to subscribers.

For a company whose stock has already seen a 100% run-up in the last three months in anticipation of this corporate action, becoming debt-free and fully funded is a powerful catalyst. It allows management to shift its focus entirely from financial survival to value creation through exploration and development.

More Than Money: Acquiring Mining Acumen

The true strategic depth of this transaction lies in what Numberco brings to the table: experienced leadership. The proposed amalgamation is set to install a new slate of directors with proven track records in the mining industry. Charles Funk, the founder of Heliostar Metals, is slated to become Chairman. His nearly two decades of experience include significant capital raising and direct involvement in major discoveries like the Khamsin Copper Deposit. He is joined by proposed director Mahesh Liyanage, the current CFO of Vizsla Silver, who brings over 22 years of expertise in public company finance, regulatory compliance, and M&A.

This infusion of talent addresses a common hurdle for junior explorers, which often possess valuable mineral assets but lack the specialized expertise and market credibility to advance them through the capital-intensive stages of development. As stated by Getty's CEO Tom MacNeill, the transaction will allow the company to "gain experienced mining management," a goal arguably as important as the capital itself. This new leadership is expected to bring a disciplined approach to unlocking the value of Getty's primary asset.

Unlocking the Highland Valley Opportunity

With its balance sheet fortified and new leadership pending, attention now turns to Getty's flagship asset: its extensive 269-square-kilometer land package in British Columbia's Highland Valley. The strategic value of this location cannot be overstated; it sits directly adjacent to Teck Resources' Highland Valley Copper Mine, one of the largest open-pit copper operations in the world. This proximity offers not just geological parallels but also potential long-term advantages related to infrastructure, including access to processing facilities and transportation links.

The properties are far from greenfield. A 2010 Preliminary Feasibility Study (PFS) on the Getty North and Getty South deposits outlined an indicated resource of 114.4 million tonnes grading 0.373% copper. While now considered historic, this study provides a solid foundation of data that the new team and capital can build upon. More recent work, including drilling at the Glossie zone in late 2023 that intersected high-grade mineralization, confirms the continued prospectivity of the land package.

The new funding is explicitly intended to "continue development on the Getty mineral properties." With a clear plan to test potential extensions of the known deposits and explore high-priority targets identified through recent geophysical surveys, the company is now positioned to aggressively advance the project. The combination of fresh capital and experienced exploration leadership could be the key to finally advancing this well-located asset toward a full Feasibility Study and beyond.

Reading the Capital Currents in Copper

The ability of a junior explorer with limited formal analyst coverage to raise C$15 million is a telling indicator of the current market sentiment. It reflects a strong undercurrent of investor confidence not just in Getty's turnaround story, but in the long-term fundamentals for copper. As the world accelerates its transition to green energy and electrification, the demand for copper is projected to soar, and the market is actively seeking out assets that can help fill the looming supply gap.

This transaction, therefore, serves as a microcosm of a larger trend: capital is flowing towards well-structured deals that combine promising assets with credible management teams, even at the earlier stages of the development cycle. The final piece of the puzzle for Getty remains the final approval from the TSX Venture Exchange for the amalgamation. With all parties working towards a near-term closing, the market will be watching closely to see this new chapter in Getty Copper's story officially begin.