Copper Quest raises $1.9 million in private placement financing

Copper Quest Exploration Inc. (CSE: CQX) completed a private placement financing, raising $1,927,000 through the issuance of 10,142,104 flow-through shares at $0.19 per share.

The Vancouver-based exploration company stated the proceeds will fund exploration programs qualifying as Canadian exploration expenses and flow-through critical mineral mining expenditures under Canada's Income Tax Act. The funds will support work on Copper Quest's projects in British Columbia.

Brian Thurston, President and CEO, said the financing will allow the company to advance multiple properties in 2026 while seeking partners for additional projects. Copper Quest holds seven exploration projects, including recent acquisitions of Stars, Stellar, and Nekash properties, with Kitimat and Alpine acquisitions pending.

The company paid finder's fees totaling $130,199.98 and issued 685,261 finder's warrants exercisable at $0.19 per share, expiring December 5, 2027. All securities are subject to a four-month hold period ending April 6, 2026.

Jason Nickel, a company director, purchased 50,000 flow-through shares for $9,500 as part of the placement. This related party transaction fell below the 25% market capitalization threshold requiring additional regulatory approvals.

Copper Quest may issue up to 255,264 additional flow-through shares under the same terms by December 15, 2025, to accommodate continued investor interest.

The company's portfolio includes the Stars Property covering 9,693 hectares in British Columbia's Bulkley Porphyry Belt, the adjacent 5,389-hectare Stellar Property, and an earn-in option on the 4,700-hectare Rip Project. Additional holdings include the Nekash Copper-Gold Project in Idaho and the Thane Project spanning over 20,658 hectares in northern British Columbia.

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