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CopAur Minerals To Acquire The Royal Vindicator Project

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CopAur Minerals (TSXV: CPAU) has entered into a purchase agreement to acquire Chester Holdings Inc. and its subsidiary, which holds rights to the Royal Vindicator mining project in Georgia, USA. The project spans 235.8 hectares and includes a former mine site with access to both bedrock and tailings materials.

The total acquisition cost is US$6.57 million, structured as US$700,000 in cash, US$2.5 million in cash/shares, and US$3.37 million in debt repayment over six years. Additional obligations include US$1 million in working capital contributions for 2025, a US$250,000 third-party reimbursement, and a US$250,000 finder's fee.

Notably, Chester Millar, a Canadian Mining Hall of Fame member and heap leach extraction pioneer, will collaborate with CopAur on this project along with the Kinsley and Troy Canyon Projects.

CopAur Minerals (TSXV: CPAU) ha firmato un accordo di acquisto per acquisire Chester Holdings Inc. e la sua controllata, titolari dei diritti sul progetto minerario Royal Vindicator in Georgia, USA. Il progetto copre una superficie di 235,8 ettari e comprende un sito minerario dismesso con accesso sia alla roccia madre che ai materiali di scarto.

Il costo totale dell'acquisizione è di 6,57 milioni di dollari USA, strutturato in 700.000 dollari in contanti, 2,5 milioni in contanti/azioni e 3,37 milioni in rimborso debiti distribuiti su sei anni. Ulteriori obblighi includono contributi di 1 milione di dollari USA in capitale circolante per il 2025, un rimborso di 250.000 dollari a terzi e una commissione di 250.000 dollari per il mediatore.

È importante sottolineare che Chester Millar, membro della Canadian Mining Hall of Fame e pioniere nell'estrazione tramite heap leach, collaborerà con CopAur su questo progetto insieme ai progetti Kinsley e Troy Canyon.

CopAur Minerals (TSXV: CPAU) ha firmado un acuerdo de compra para adquirir Chester Holdings Inc. y su subsidiaria, que poseen los derechos del proyecto minero Royal Vindicator en Georgia, EE.UU. El proyecto abarca 235,8 hectáreas e incluye un antiguo sitio minero con acceso tanto a la roca madre como a los materiales de relaves.

El costo total de la adquisición es de 6,57 millones de dólares estadounidenses, estructurado como 700.000 dólares en efectivo, 2,5 millones en efectivo/acciones y 3,37 millones en pago de deuda durante seis años. Obligaciones adicionales incluyen contribuciones de 1 millón de dólares en capital de trabajo para 2025, un reembolso de terceros de 250.000 dólares y una comisión de 250.000 dólares para el intermediario.

Es importante destacar que Chester Millar, miembro del Canadian Mining Hall of Fame y pionero en extracción por heap leach, colaborará con CopAur en este proyecto junto con los proyectos Kinsley y Troy Canyon.

CopAur Minerals (TSXV: CPAU)� 조지아주 미국� 위치� Royal Vindicator 광산 프로젝트 권리� 보유� Chester Holdings Inc.와 � 자회사를 인수하는 구매 계약� 체결했습니다. � 프로젝트� 235.8헥타르에 걸쳐 있으�, 암반� 광미(광산 폐기�) 모두� 접근� � 있는 폐광 부지� 포함합니�.

� 인수 비용은 657� 달러 미국이며, 70� 달러 현금, 250� 달러 현금/주식, 337� 달러 부� 상환(6년간 분할)으로 구성되어 있습니다. 추가 의무로는 2025년을 위한 100� 달러� 운전자본 출자, �3자에� 25� 달러 상환, 그리� 25� 달러 중개 수수료가 포함됩니�.

특히 캐나� 광업 명예� 전당 회원이자 힙리�(heap leach) 추출법의 선구자인 Chester Millar가 Kinsley � Troy Canyon 프로젝트와 함께 � 프로젝트� CopAur와 협력� 예정입니�.

CopAur Minerals (TSXV : CPAU) a conclu un accord d'achat pour acquérir Chester Holdings Inc. et sa filiale, détentrices des droits du projet minier Royal Vindicator en Géorgie, aux États-Unis. Le projet couvre une superficie de 235,8 hectares et comprend un ancien site minier avec accès à la fois au substrat rocheux et aux résidus miniers.

Le coût total de l'acquisition s'élève à 6,57 millions de dollars US, répartis en 700 000 dollars en espèces, 2,5 millions en espèces/actions et 3,37 millions en remboursement de dette sur six ans. Les obligations supplémentaires comprennent une contribution de 1 million de dollars US en fonds de roulement pour 2025, un remboursement de 250 000 dollars à un tiers, ainsi qu'une commission de 250 000 dollars.

Il est à noter que Chester Millar, membre du Canadian Mining Hall of Fame et pionnier de l'extraction par lixiviation en tas, collaborera avec CopAur sur ce projet ainsi que sur les projets Kinsley et Troy Canyon.

CopAur Minerals (TSXV: CPAU) hat einen Kaufvertrag zum Erwerb von Chester Holdings Inc. und deren Tochtergesellschaft unterzeichnet, die Rechte am Royal Vindicator Bergbauprojekt in Georgia, USA, hält. Das Projekt erstreckt sich über 235,8 Hektar und umfasst ein ehemaliges Bergbaugelände mit Zugang zu sowohl dem Felsgestein als auch zu Rückständen.

Die Gesamtkosten der Übernahme belaufen sich auf 6,57 Millionen US-Dollar, aufgeteilt in 700.000 US-Dollar in bar, 2,5 Millionen US-Dollar in bar/Aktien und 3,37 Millionen US-Dollar zur Schuldenrückzahlung über sechs Jahre. Weitere Verpflichtungen umfassen 1 Million US-Dollar an Betriebskapital für 2025, eine Rückerstattung von 250.000 US-Dollar an Dritte sowie eine Finder’s Fee von 250.000 US-Dollar.

Bemerkenswert ist, dass Chester Millar, Mitglied der Canadian Mining Hall of Fame und Pionier der Heap-Leach-Extraktion, zusammen mit den Projekten Kinsley und Troy Canyon mit CopAur an diesem Projekt arbeiten wird.

Positive
  • Acquisition includes 235.8 hectares of mining rights with both bedrock and tailings access
  • Partnership with Chester Millar, a renowned mining expert and heap leach specialist
  • 20-year lease term provides long-term operational security
  • Structured payment terms spread over 6 years reduces immediate financial burden
Negative
  • Significant total acquisition cost of US$6.57 million for a pre-revenue project
  • Additional US$1 million working capital requirement for 2025
  • Acquisition contingent on raising minimum US$1.85 million by August 15, 2025
  • Potential share dilution from US$2.5 million payment portion that may be paid in shares

Vancouver, British Columbia--(Newsfile Corp. - July 7, 2025) - CopAur Minerals Inc. (TSXV: CPAU) ("CopAur" or the"Company") announces that it has entered into an arms-length purchase agreement (the "Purchase Agreement") to acquire all the issued and outstanding shares of Chester Holdings Inc. and its subsidiary Chester Holdings USA Inc. (the "Acquisition"). Chester Holdings USA Inc. is the holder of rights under a lease agreement entered in 2017 (the "RV Lease") that grant rights for a 20 year term to access, seek permits and to mine and process tailings and bedrock from the Royal Vindicator property located in Haralson County, Georgia, USA, consisting of 235.8 hectares of contiguous private property including the former Royal Vindicator mine site (the "RV Mining Project"). All materials including bedrock and tailings materials are available for excavation and process under the terms of the RV Lease. The parties to the Purchase Agreement are Chester Holdings Inc., a private British Columbia company controlled by Chester Millar, Chester Holdings USA Inc., a Georgia corporation, and the shareholders of Chester Holdings Inc. and Chester Holdings USA Inc.

In connection with the Acquisition, Chester Millar, a pioneer of heap leach extraction and a member of the Canadian Mining Hall of Fame, and his team of heap leach specialists have agreed to work with CopAur on this project and CopAur's Kinsley and Troy Canyon Projects.

CEO Jeremy Yaseniuk said "We are excited to work with Chester and his team on this project to shorten our timeline for development and take advantage of this elevated gold price."

Terms of the Purchase Agreement
Purchase Price Under the terms of the Purchase Agreement, CopAur has agreed to purchase all of issued and outstanding shares of Chester Holdings Inc. from the vendors in consideration of US$6,569,811.31 payable to the vendors as follows:

a. US$700,000 in cash consideration payable at closing, which includes a US$50,000 refundable deposit payable on execution of the Purchase Agreement,
b. the payment at closing of US$2,500,000 in cash or common shares of CopAur or a combination thereof at CopAur's discretion, and
c. the repayment by CopAur over a six year period from closing of US$3,369,811.31 of outstanding debt obligations owing by Chester Holdings USA Inc. to certain lenders related to Chester Holdings USA Inc.

Additional Payments and Financing Obligation
CopAur is required under the Purchase Agreement to make working capital contributions for the 2025 year in the aggregate amount of US$1,000,000 to advance mining operations and pay advance royalty obligations under the RV Lease. CopAur is required to reimburse US$250,000 to an unrelated third party. CopAur will pay a US$250,000 finder's fee to Sibling Rivalry Investments Inc., a company at arm's length to CopAur. CopAur is also obligated to make an additional payment to the vendors of US$10 per gold ounce for all new resources added to the RV Mining Project within the first 12 months following closing.

The Acquisition is subject to CopAur completing a minimum financing of US$1,850,000 on or before August 15, 2025 or such other date as may be mutually agreed by the parties to the Purchase Agreement. The Company is evaluating potential sources of debt and equity financing and hopes to provide an update on financing required to complete the purchase under the Purchase Agreement and to conduct future operations at the RV Mining Project.

The Acquisition is subject to acceptance of the TSX Venture Exchange, which cannot be guaranteed.

Additional Information Regarding Option Grant
The Company previously disclosed (see news release disseminated July 7, 2025) that its directors have approved a grant of 4,200,000 stock options ("Options") under its stock option plan to directors, officers, employees, and consultants of the Company. The Options have a five year term and pricing will be fixed in accordance with the TSXV policies and subject to TSXV acceptance.

About CopAur
CopAur is an exploration company focused on developing projects within the emerging, mineral-rich mining regions of Nevada. The Company is backed by a dynamic and experienced team of resource professionals advancing its projects in Nevada with the flagship project being Kinsley Mountain Gold Project, a Carlin-style project located 90 kilometres south of the Long Canyon mine (currently in production under the Newmont/Barrick joint venture, Nevada Gold Mines).

On Behalf Of The Board Of CopAur Minerals Inc.
Jeremy Yaseniuk, Chief Executive Officer

For more information, please contact:

Jeremy Yaseniuk, Chief Executive Officer & Director
Tel: +1 (604) 773-1467
Email: [email protected]

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.

Forward Looking Information

This news release contains forward-looking statements. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revised any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

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FAQ

What is the total cost of CopAur Minerals' Royal Vindicator acquisition?

The total acquisition cost is US$6.57 million, consisting of US$700,000 in cash, US$2.5 million in cash/shares, and US$3.37 million in debt repayment over six years, plus additional obligations.

Who is Chester Millar and what is his role in CopAur's Royal Vindicator project?

Chester Millar is a Canadian Mining Hall of Fame member and heap leach extraction pioneer who, along with his team of specialists, will work with CopAur on the Royal Vindicator, Kinsley, and Troy Canyon projects.

What are the key terms of the Royal Vindicator lease agreement?

The lease agreement grants 20-year rights to access, seek permits, and mine/process both tailings and bedrock from the 235.8-hectare Royal Vindicator property in Haralson County, Georgia.

What financing conditions must COPAF meet to complete the acquisition?

CopAur must complete a minimum financing of US$1.85 million by August 15, 2025, and contribute US$1 million in working capital for 2025 operations.

How many stock options did CopAur grant to directors and officers?

CopAur approved a grant of 4,200,000 stock options with a five-year term to directors, officers, employees, and consultants, subject to TSXV acceptance.
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