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QC Copper Announces Strategic Acquisition of Cuprum Corp.

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QC Copper announced a strategic acquisition of Cuprum Corp. and its 100% owned Thierry Copper Project in an all-share deal. This acquisition enhances QC Copper's position as a major Canadian copper developer with two large, easily accessible multi-billion-pound copper projects. The Thierry Copper Project, spanning 7,907 hectares, offers significant growth potential. The combined company will rebrand as XXIX Metal Corp., reflecting copper's atomic number 29. The Thierry project historically produced 5.8 million tonnes grading 1.13% copper and 0.14% nickel and hosts two resource-stage deposits compliant with NI 43-101 standards. The acquisition is expected to increase QC Copper's current copper resource base by 70%. Once completed, QC Copper plans to build out each asset in stages, focusing on updating the mineral resource at Thierry. The acquisition is subject to approval from TSXV and QC Copper's disinterested shareholders, with closing expected by the end of December 2024.

QC Copper ha annunciato una acquisizione strategica di Cuprum Corp. e del suo 100% Thierry Copper Project in un accordo tutto in azioni. Questa acquisizione rafforza la posizione di QC Copper come un importante sviluppatore canadese di rame, con due grandi progetti di rame facilmente accessibili, del valore di miliardi di sterline. Il Thierry Copper Project, che si estende su 7.907 ettari, offre un significativo potenziale di crescita. L'azienda combinata cambierà nome in XXIX Metal Corp., riflettendo il numero atomico del rame, 29. Il progetto Thierry ha storicamente prodotto 5,8 milioni di tonnellate con un grado dell'1,13% di rame e dello 0,14% di nichel e ospita due depositi in fase di risorsa conformi agli standard NI 43-101. Si prevede che l'acquisizione aumenti la base attuale di risorse di rame di QC Copper del 70%. Una volta completata, QC Copper prevede di sviluppare ciascun asset in fasi, concentrandosi sull'aggiornamento delle risorse minerarie a Thierry. L'acquisizione è soggetta all'approvazione di TSXV e degli azionisti non interessati di QC Copper, con la chiusura prevista entro la fine di dicembre 2024.

QC Copper anunció una adquisición estratégica de Cuprum Corp. y su 100% Thierry Copper Project en un acuerdo de intercambio de acciones. Esta adquisición mejora la posición de QC Copper como un importante desarrollador canadiense de cobre, con dos grandes proyectos de cobre de fácil acceso y valorados en varios miles de millones de libras. El Thierry Copper Project, que abarca 7,907 hectáreas, ofrece un potencial de crecimiento significativo. La empresa combinada cambiará su nombre a XXIX Metal Corp., en referencia al número atómico del cobre, 29. El proyecto Thierry ha producido históricamente 5.8 millones de toneladas con un grado del 1.13% de cobre y un 0.14% de níquel y alberga dos depósitos en etapa de recurso conforme a los estándares NI 43-101. Se espera que la adquisición aumente la base actual de recursos de cobre de QC Copper en un 70%. Una vez completada, QC Copper planea desarrollar cada activo en etapas, enfocándose en actualizar los recursos minerales en Thierry. La adquisición está sujeta a la aprobación de TSXV y de los accionistas no interesados de QC Copper, con un cierre esperado para finales de diciembre de 2024.

QC CopperCuprum Corp.과 그 100% Thierry Copper Project전략적 인수를 전환 주식으로 발표했습니다. 이번 인수로 QC Copper는 쉽게 접근할 수 있는 두 개의 대규모 구리 프로젝트를 보유한 주요 캐나다 구리 개발자의 입지를 강화했습니다. 7,907헥타르에 달하는 Thierry Copper Project는 상당한 성장 잠재력을 제공합니다. 결합된 회사는 구리의 원소 번호인 29를 반영하여 XXIX Metal Corp.로 이름을 변경할 것입니다. Thierry 프로젝트는 역사적으로 1.13%의 구리와 0.14%의 니켈을 포함하는 580만 톤을 생산했으며 NI 43-101 기준을 준수하는 두 개의 자원 단계 매장지를 보유하고 있습니다. 이번 인수는 QC Copper의 현재 구리 자원 기반을 70% 증가시킬 것으로 예상됩니다. 완료되면 QC Copper는 각 자산을 단계적으로 개발할 계획이며, Thierry의 광물 자원을 업데이트하는 데 집중할 것입니다. 인수는 TSXV와 QC Copper의 무관한 주주들의 승인을 받아야 하며, 2024년 12월 말까지 마감될 예정입니다.

QC Copper a annoncé une acquisition stratégique de Cuprum Corp. et de son Thierry Copper Project entièrement détenu à 100% dans un échange d'actions. Cette acquisition renforce la position de QC Copper en tant que développeur de cuivre majeur au Canada, avec deux grands projets de cuivre facilement accessibles, valant des milliards de livres. Le Thierry Copper Project, s'étendant sur 7 907 hectares, offre un potentiel de croissance significatif. La société combinée sera renommée XXIX Metal Corp., en référence au numéro atomique du cuivre, 29. Le projet Thierry a produit historiquement 5,8 millions de tonnes avec une teneur de 1,13% de cuivre et 0,14% de nickel, et abrite deux dépôts conformes aux normes NI 43-101. On s'attend à ce que l'acquisition augmente de 70% la base actuelle de ressources en cuivre de QC Copper. Une fois finalisée, QC Copper prévoit de développer chaque actif par étapes, en se concentrant sur la mise à jour des ressources minérales à Thierry. L'acquisition est soumise à l'approbation de TSXV et des actionnaires non intéressés de QC Copper, avec une clôture prévue d'ici fin décembre 2024.

QC Copper gab eine strategische Akquisition von Cuprum Corp. und deren 100% Thierry Copper Project in einem Aktienaustausch bekannt. Diese Akquisition stärkt die Position von QC Copper als bedeutenden kanadischen Kupferentwickler mit zwei großen, leicht zugänglichen Kupferprojekten im Wert von mehreren Milliarden Pfund. Das Thierry Copper Project erstreckt sich über 7.907 Hektar und bietet erhebliches Wachstumspotenzial. Das kombinierte Unternehmen wird sich in XXIX Metal Corp. umbenennen, was die Ordnungszahl von Kupfer, 29, widerspiegelt. Das Thierry-Projekt hat historisch 5,8 Millionen Tonnen mit einem Gehalt von 1,13% Kupfer und 0,14% Nickel produziert und beherbergt zwei ressourcenstufen Konformitätslagerstätten nach NI 43-101 Standards. Es wird erwartet, dass die Akquisition die aktuelle Kupferressourcenbasis von QC Copper um 70% erhöht. Nach Abschluss plant QC Copper, jede Vermögensposition in Phasen auszubauen und sich auf die Aktualisierung der Mineralressource in Thierry zu konzentrieren. Die Akquisition unterliegt der Genehmigung von TSXV und den nicht interessierten Aktionären von QC Copper, wobei der Abschluss bis Ende Dezember 2024 erwartet wird.

Positive
  • Acquisition of Cuprum Corp. and its Thierry Copper Project.
  • Thierry Copper Project spans 7,907 hectares and offers significant growth potential.
  • Thierry historically produced 5.8 million tonnes grading 1.13% copper and 0.14% nickel.
  • Thierry hosts two resource-stage deposits compliant with NI 43-101 standards.
  • Thierry acquisition expected to increase QC Copper's resource base by 70%.
  • Rebranding as XXIX Metal Corp., signaling a focus on becoming a dominant copper developer.
Negative
  • Acquisition subject to approval from TSXV and QC Copper's disinterested shareholders.
  • Non-Arm's Length Transaction under TSXV policies, treated as a related party transaction under MI 61-101.
  • QC Copper to acquire Cuprum and its 100% owned Thierry Copper Project in an all-share deal
  • The acquisition strengthens QC Copper's position as a major Canadian copper developer with two large two, easily accessible multi-billion-pound copper projects
  • Thierry Copper Project, a 7,907-hectare past producer, offers significant growth potential
  • The combined company will rebrand as XXIX Metal Corp., reflecting copper's atomic number 29

Toronto, Ontario--(Newsfile Corp. - October 1, 2024) - QC Copper and Gold Inc. (TSXV: QCCU) (OTCQB: QCCUF) ("QC Copper" or the "Company") is excited to announce a binding share purchase agreement with the principal shareholders of Cuprum Corp. ("Cuprum") and its concurrent offer to purchase to all of the other shareholders of ‎Cuprum pursuant to which the Company expects to acquire 100% of Cuprum in an all-share deal (the "Acquisition"). This Acquisition will establish QC Copper as one of Canada's largest copper resource developers, with two multi-billion-pound copper deposits in Quebec and Ontario-Canada's best mining jurisdictions.

"This acquisition will mark a transformative step in QC Copper's growth. With the addition of the Thierry Copper Project, we would have two cornerstone assets in Canada's top mining regions, significantly expanding our resource base and infrastructure. Both Thierry and Opemiska are in mining-friendly areas with access to critical infrastructure such as all-season roads, power, and rail, and both historically sent copper concentrates to the Horne Smelter. These geographic advantages reduce capital expenditure and operational risks while optimizing supply chain efficiency-crucial as the global copper market faces constraints. Securing copper supply is more important than ever, with exploration and development at record lows. Canada's mining sector is at a critical juncture, facing challenges like regulatory bottlenecks and underinvestment. As we transition to XXIX Metal Corp., we are positioning ourselves to meet growing global demand and help Canada reaffirm its role as a global mining leader," said Stephen Stewart, CEO of QC Copper.

Strategic Value of Cuprum's Thierry Copper Project

The Thierry Copper Project ‎("Thierry") spans 7,907 hectares and historically produced 5.8 million tonnes grading 1.13% copper, and 0.14% nickel. Both QC Copper's Opemiska and Cuprum's Thierry Mine historically shipped its copper concentrates to the Horne Smelter in Rouyn-Noranda. Thierry currently hosts two resource-stage deposits-Thierry Underground, known as K2 and the K1 Open Pit, both with National Instrument 43-101 ‎‎- Standards of Disclosure for Mineral Projects ("NI 43-101") compliant resources. Thierry has two additional near surface zones-J & G zones-with historical resources (see the disclosure below on Historical Resources‎). Thierry can be easily accessed via all-season road and is proximal to other necessary infrastructure including hydroelectric power, rail and airport.

Thierry Resources

Thierry (Underground) Mineral Resource Estimate at $60/t Cut-Off:

ClassificationTonnesCu (%)Ni (%)Au (g/t)Pt (g/t)Pd (g/t)Ag (g/t)
Measured3,233,0001.650.190.030.030.094.6
Indicated5,582,0001.660.190.050.050.143.8
Measured & Indicated8,815,0001.660.190.050.040.134.0
Inferred14,922,0001.640.160.100.070.216.4

 

Table 1) 2021 Thierry underground mineral resource estimate.

K1-1 Pit Constrained Inferred Mineral Resource Estimate at $12/t Cut-Off:

$12/tonne cut-off NSRTonnesCu (%)Ni (%)Au (g/t)Pt (g/t)Pd (g/t)Ag (g/t)
Inferred53,614,0000.380.100.030.050.141.8

 

Table 2) 2021 K1-1 open pit inferred resource estimate.

Historical Mineral Resources for J & G Zones (see disclosure regarding Historical Resources):

ClassificationTonsCu (%)Ni (%)
Surface to level 1,000 ft55,000,0000.400.11

 

Table 3) Historical Resources at J & G zones (UMEX 1974, 1981).

Disclosure Regarding Historical Resources

As at the date of this news release, a ‎qualified person has not completed sufficient work to classify the above historical estimate ‎as current mineral resources or mineral reserves in accordance with NI 43-101 and QC Copper is not treating the historical ‎estimate above as current mineral resources. In order to verify the historical estimate, QC Copper needs to retain a qualified person to review the historical data, review any work ‎completed on the property since the date of the estimate and complete a new technical report.‎ QC Copper views this historical data as a conceptual indication of the potential size and grade of the gold deposits in the area, and this data is relevant to ongoing exploration efforts.

Substantial Increase to QC Copper's Global Resource Base

The acquisition of Thierry would potentially increase QC Copper's current copper resource base by 70%. QC Copper ‎reminds its shareholders of Opemiska's high-grade mineral resource estimate.

Opemiska Deposit Summary of Pit Constrained Mineral Resources, 0.15% CuEq cut-off and Out-of-Pit Mineral Resources, 0.8% CuEq cut-off:

Pit ConstrainedTonnesCuCuAgAgAuAuCuEqCuEq
0.15% CuEq Cut-Off(k)(%)(M lbs)(g/t)(koz)(g/t)(koz)(%)(M lbs)
Measured52,7040.778921.652,8000.35000.941,091
Indicated34,6290.775861.311,4580.242610.9690
Measured & Indicated87,3330.771,4781.524,2580.277620.931,780
Inferred9,7910.481042.196890.18550.59128

 

Table 4) Pit Constrained Resource at Opemiska

Out of PitTonnesCuCuAgAgAuAuCuEqCuEq
0.8% CuEq Cut-Off(k)(%)(M lbs)(g/t)(koz)(g/t)(koz)(%)(M lbs)
Measured4,0641.241113.814980.32421.44129
Indicated6,0671.181573.927640.22421.32176
Measured & Indicated10,1301.22683.871,2610.26831.37305
Inferred1,1620.89235.842180.4151.1529

 

Table 5) Out of Pit Resource at Opemiska

TotalTonnesCuCuAgAgAuAuCuEqCuEq
0.15% & 0.8% CuEq Cut-Off(k)(%)(M lbs)(g/t)(koz)(g/t)(koz)(%)(M lbs)
Measured56,7670.81,0031.813,2970.35420.971,219
Indicated40,6960.837431.72,2220.233030.97866
Measured & Indicated97,4630.811,7461.765,5190.278450.972,085
Inferred10,9530.531272.589070.2700.65157

 

Table 6) Total Resource at Opemiska

  1. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
  2. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.
  3. The Inferred Mineral Resource in this estimate has a lower level of confidence than that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could potentially be upgraded to an Indicated Mineral Resource with continued exploration.
  4. The Mineral Resources were estimated in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions (2014) and Best Practices Guidelines (2019) prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council.
  5. Metal prices used were US4.00/lb Cu and US$1,875/oz Au, US$24/oz Ag and 0.76 CDN$/US$ FX. Cu, Au and Ag process recovery and smelter payable were 91%, 72% and 72% respectfully. Open pit mining cost was C$2.50/t, processing C$14/t, G&A C$2.25t. Out of pit mining costs were C$68/t.
  6. Pit slopes were 50 degrees in rock and 30 degrees in overburden.
  7. Historical mined volumes were depleted from the blocks to report the correct tonnages and metal content of the remaining high-grade vein material.
  8. CuEq % = Cu % + (Au g/t x 0.54) + (Ag g/t x0.007.
  9. Out-of-pit Mineral Resources were selected which exhibit continuity and reasonable potential for extraction by the long hole underground mining method. Narrow strings of grade blocks and orphaned blocks were depleted.
  10. Totals may not sum due to rounding.

Unlocking Value Through Collaboration

The acquisition of Cuprum aligns with QC Copper's broader strategy to acquire high-potential assets in Canada. Opemiska and Thierry are similar brownfield assets in established mining-friendly jurisdictions. Like Opemiska, Thierry has an abundance of historical and recent data that the QC Copper technical team will leverage to identify high-quality drill targets that could expand the currently known resources at Thierry Underground and K1.

Thierry is a past producer with substantial current and historic resources along with a Preliminary Economic Assessment (PEA) on the high-grade underground zone know as K2. Our primary focus for Thierry will be on the K1 Zone, a large, well-modeled surface bulk-tonnage area. It remains open along strike, and recent drilling suggests it is both wider and higher grade at depth.

Thierry offers scale, growth, and, like Opemiska, access to unparalleled infrastructure. This Acquisition enhances the company's profile, diversifies our portfolio and gives our shareholders a multiple asset strategy.

"This transaction is a natural extension of QC Copper's vision to become a leader in copper development," said Stephen Stewart, CEO of QC Copper and a principal shareholder of Cuprum. "Cuprum's Thierry project adds significant upside to our asset base, positioning us to capitalize on the growing global demand for copper in the renewable energy and electrification sectors."

For more information on Cuprum, please visit www.cuprum.ca.

Terms of the Acquisition

Pursuant to the terms of the share purchase agreement with the principal shareholders of Cuprum (which collectively own 41.3% of Cuprum) and the offer to purchase that was issued to all of the other shareholders of Cuprum‎, QC Copper will issue 1.1538 common shares of QC Copper ("QC Copper Shares") for every Cuprum common share, based on QC Copper's share price of $0.13. QC Copper will issue an aggregate of 82.76 million QC Copper Shares in connection with the Acquisition, securing full ownership of Cuprum's assets, including the multi-billion-pound Thierry Copper Project.

Consolidated Development Plan

With this Acquisition, QC Copper can build out each asset in stages with key milestones and critical paths outlined. While QC Copper continues to focus on its Opemiska project to move towards a PEA, it will concurrently focus on establishing an updated mineral resource at Thierry based on meticulous data compilation and a large-scale drill program, similar to the initial resource development at Opemiska.

A New Era: Rebranding as XXIX Metal Corp.

Following the completion of the Acquisition and subject to regulatory and TSX Venture Exchange ("TSXV") approvals, QC Copper intends to change its name to XXIX Metal Corp. ("XXIX"), with a new TSXV ticker symbol XXIX, signaling a new era for the Company. XXIX represents copper's atomic number, 29, indicating commitment and focus on becoming a dominant player in the copper development space.

With the Acquisition of Cuprum, XXIX will be one of Canada's largest resource portfolios, and will establish itself as Eastern Canada's largest copper developer.

Conditions and Approvals

This Acquisition is subject to approval from the TSXV and QC Copper's disinterested shareholders, with an annual general and special meeting of shareholders expected to be held in December, 2024 (the "Meeting"). Full details of the Acquisition will be included in the management information circular to be ‎mailed to shareholders in connection with the Meeting. Subject to these approvals, closing is expected by the end of December, 2024.

Governance and Shareholder Protections

The Acquisition will be a Non-Arm's Length Transaction under TSXV policies, and will be treated as a "related ‎party transaction" under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special ‎Transactions ("MI 61-101") as certain directors and officers of QC Copper and of a controlling shareholder of Cuprum are also directors, officers and/or shareholders Cuprum. These directors and officers own, directly or indirectly, ‎‎3,400,000 Cuprum Shares and are expect to receive an aggregate of 3,922,920 QC Copper Shares ‎pursuant to the Acquisition.‎

MI 61-101 requires that an issuer obtain approval of a majority of the disinterested shareholders as well ‎as a formal valuation for a transaction that constitutes a related party transaction, absent an exemption ‎from such requirements. Each issuance of QC Copper Shares to a related party will be considered a ‎‎"related party transaction" within the meaning of MI 61-101 but it is expected that each will be exempt ‎from the valuation requirement of MI 61-101 as the QC Copper Shares are not listed on a specified ‎market, and from the minority shareholder approval requirements of MI 61-101 in that the fair market ‎value of the consideration of the QC Copper Shares issued to each related party will not exceed 25% of ‎the Company's market capitalization.‎

QC Copper's Board of Directors formed a Special Committee to evaluate the Acquisition, ensuring the ‎transaction serves the best interests of all shareholders. Independent financial advisory firm Evans & ‎Evans, Inc. provided a fairness opinion, confirming that the Acquisition is fair, ‎from a financial point of view, to the shareholders of QC Copper. The Board has unanimously approved the Acquisition and recommends that shareholders ‎vote in favor at the Meeting‎.

Qualified ‎Person‎ Statement

The technical information contained in this news release has been reviewed and approved by Charles ‎Beaudry, P.Geo and géo., Director and Vice President Exploration for QC Copper & Gold, a Qualified ‎Person, as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects." ‎

About Cuprum Corp.

Cuprum owns 100% of the Thierry Copper project which is the largest primary copper project in Pickle Lake, Ontario. Thierry spans 7,907 hectares across 27 mineral leases, 163 contiguous cell claims and 16 boundary claims. The property hosts two past-producing open pits that transitioned to underground mining-producing 5.8Mt @ 1.13% Cu, 0.14% Ni between 1976 - 1982 by UMEX Inc. Historically, copper concentrate was shipped to the Horne Smelter in Rouyn-Noranda, QC. Significant infrastructure is already in place, with the property being accessible via all-season road, an airport within 5km, a provincial power grid within 8km, and nearby rail.

About QC Copper & Gold Inc.

QC Copper & Gold Inc. is advancing its flagship Opémiska copper mining complex in Quebec, a former high-grade copper producer. The Company's most recent resource estimate outlined a substantial 2.1 billion pounds of copper equivalent in measured and indicated resources, solidifying QC Copper's position as a key player in the Canadian copper sector.

For further information, please contact:

Stephen Stewart, Chief Executive Officer
Phone: 416.644.1567
Email: sstewart@qccopper.com

Forward Looking Statements

This news release contains certain forward-looking information. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. In particular, this news release contains forward-looking information in relation to: the anticipated benefits of the Acquisition to QC Copper and its shareholders; the timing and anticipated receipt of required regulatory (including TSXV) and shareholder approvals for the Acquisition; the ability of QC Copper to satisfy the other conditions to, and to complete, the Acquisition; and the anticipated timing of the Meeting and the closing of the Acquisition. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. This forward-looking information reflects the Company's current beliefs and is based on information currently available to the Company and on assumptions the Company believes are reasonable. These assumptions include, but are not limited to: the acceptance of the offer to purchase by the non-principal shareholders of the Cuprum; the current share price of the QC Copper Shares; TSXV acceptance and market acceptance of the Acquisition; the Company's current and initial understanding and analysis of its projects; the Company's general and administrative costs remaining constant; market acceptance of the Company's business model, goals and approach; and the feasibility and reasonableness of conducting exploration on and developing any of the Company's projects. Forward-looking information is subject to known and unknown risks, uncertainties and other factors which may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: there is no certainty that work programs will result in significant or successful ‎exploration and development of the Company's properties; uncertainty as to ‎the actual results of exploration and development or operational activities; uncertainty as to the availability and terms of ‎future financing on acceptable terms; uncertainty as to timely availability of permits and other governmental approvals; the Company may not be able ‎to comply with its ongoing obligations regarding its properties; the early stage development of the Company and its projects; general business, economic, competitive, political and social uncertainties; capital market conditions and market prices for securities, junior market securities and mining exploration company securities; commodity prices; the actual results of current exploration and development or operational activities; competition; changes in project parameters as plans continue to be refined; accidents and other risks inherent in the mining industry; lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation or income tax legislation, affecting the Company; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals. A description of additional risk factors which may cause actual results to differ materially from forward-looking information can be found in the Company's disclosure documents on the SEDAR+ website at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/225194

FAQ

What is the significance of QC Copper's acquisition of Cuprum Corp.?

The acquisition enhances QC Copper's position as a major Canadian copper developer with two large, easily accessible multi-billion-pound copper projects.

What is the Thierry Copper Project?

The Thierry Copper Project spans 7,907 hectares and historically produced 5.8 million tonnes grading 1.13% copper and 0.14% nickel.

How will the acquisition affect QC Copper's resource base?

The acquisition is expected to increase QC Copper's current copper resource base by 70%.

What will be the new name of the combined company?

The combined company will rebrand as XXIX Metal Corp., reflecting copper's atomic number 29.

What approvals are required for the acquisition to be completed?

The acquisition is subject to approval from TSXV and QC Copper's disinterested shareholders, with closing expected by the end of December 2024.

QC COPPER & GOLD INC

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