Canadian Copper (CSE:CCI) secured up to $96 million in committed capital from OR Royalties, a global top-five precious metal streaming company, and Ocean Partners UK Limited to advance development of its Murray Brook project and Caribou process plant in Bathurst, New Brunswick.
Simon Quick, CEO of Canadian Copper, emphasized the strategic importance of the deal. "Junior near-term producers have three primary goals: 1) secure project financing, 2) secure all necessary permits for construction, and 3) execute the project to plan. Today's Project Financing funds the PEA capital expenditure requirements but also allows our growing development team to focus on securing remaining permit approvals and to deliver one of Canada's few near-term critical mineral operations," he stated.
Quick added that he "strongly believe[s] this flexible financing structure protects our current long-term shareholders from excessive common share equity dilution and maintains our strong shareholder registry for future development."
The project financing represents a significant de-risking milestone as the company aims to become a near-term critical mineral producer. Canadian Copper will receive $12.33 million upon closing this month, with all amounts presented in Canadian dollars.
Financing structure protects shareholders
OR Royalties will provide $38.35 million in project funding in exchange for a 20% life-of-mine payable silver and gold stream from the Bathurst Complex. Ocean Partners, currently a 17% shareholder in Canadian Copper, will provide up to $48 million in project debt in exchange for 100% of the Bathurst Complex off-take rights.
Both companies have also committed to common share equity subscriptions into Canadian Copper for up to $10.5 million.
Two-pronged development strategy
The financing package targets two primary objectives: providing sufficient working capital to complete required Bathurst Complex work streams, including awarding material project tenders this April, and creating financial capacity for near-term development capital requirements while maintaining optionality with other capital providers.
The company notes that 55% of the total project financing remains optional at management's discretion, providing flexibility as Canada's critical minerals framework announced in the 2025 Federal Budget develops.
Strong financial position
As of January 31, 2026, Canadian Copper maintained $15.4 million in available cash. The company completed a flow-through private placement of $2.36 million on March 6, 2026, and holds 38.8 million "in-the-money" warrants priced at $0.25 that could generate $9.7 million if fully exercised.
The company expects material cash outflows this quarter, including $6 million to close the Caribou Process Plant acquisition and $4.26 million to fund the closure surety bond.
More information is available at www.CanadianCopper.com
April 14, 2026
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