Toronto, Ontario — February 17, 2026 — Leads & Copy — Canadian Copper Inc. (CSE: CCI) has announced a non-brokered, flow-through share offering (FT Offering) of up to 2,933,334 flow-through shares (FT Shares) at a price of C$0.75 per FT Share, with each FT Share consisting of one common share that qualifies as a flow-through share as defined in section 66(15) of the Income Tax Act (Canada). The FT Offering is for aggregate gross proceeds of up to $2,200,000.
According to Simon Quick, CEO of Canadian Copper, the FT Offering is fully subscribed and was placed with approximately 15 existing shareholders that currently own more than 45 million common shares of Canadian Copper collectively. These shareholders, including Crescat Capital, will fund the entirety of the 2026 exploration program announced last week.
Quick stated that the funding will allow the company to invest in the development of Murray Brook and Caribou, while also investing in future growth in the Bathurst Camp.
The funding will complete approximately 2,500 meters of diamond drilling, including downhole surveys, to target the open western copper mineralization extensions of the Murray Brook deposit.
The funding will advance the company’s understanding of subsurface geological controls through geophysics to assist in refining drill and regional exploration activities; and complete a five-month regional exploration campaign across the 18 km Caribou Horizon.
The proceeds from the FT Offering will be used to incur eligible “Canadian exploration expenses” that qualify as “flow-through critical mineral mining expenditures” as defined in the Income Tax Act (Canada) related to the company’s projects in New Brunswick, Canada. The company plans to incur these qualifying expenditures on or before December 31, 2027, and renounce all qualifying expenditures in favor of the subscribers of the FT Shares effective December 31, 2026.
Closing is expected around February 24, 2026. The company may pay finder’s fees to arm’s-length third parties consisting of a cash commission of up to 6% of the gross proceeds of the FT Offering. A statutory four month plus one day hold period will apply to all securities issued in connection with the FT Offering. The FT Offering is subject to CSE and regulatory approval.
Canadian Copper is a Canadian-based mineral exploration company with a copper and base metals portfolio of historical resources and grassroots projects, focused on the Bathurst Mining Camp (BMC) of New Brunswick, Canada. There are currently 187,006,451 shares issued and outstanding in the company.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States unless registered under the 1933 Act and any applicable securities laws of any state of the United States or an applicable exemption from the registration requirements is available.
Source: Canadian Copper Inc.
