Cascadia and Granite Creek Complete Business Combination
Cascadia Minerals (TSXV: CAM) has completed the acquisition of Granite Creek Copper (TSXV: GCX, OTC: GCXXF) through a court-approved plan of arrangement, creating a leading Yukon copper-gold exploration company. Under the arrangement, Granite Creek shareholders received 0.25 Cascadia shares for each Granite Creek share, with Cascadia issuing approximately 53.1 million shares to former Granite Creek shareholders.
The merger consolidates an advanced-stage copper-gold deposit at the Carmacks Property and several discovery-stage projects in Yukon's Stikine Terrane. Additionally, Cascadia completed a subscription receipt financing raising C$2.02 million, with warrants exercisable at $0.24 per share until August 2027.
Cascadia Minerals (TSXV: CAM) ha completato l'acquisizione di Granite Creek Copper (TSXV: GCX, OTC: GCXXF) tramite un piano di ricomposizione approvato dal tribunale, dando vita a una societ脿 leader nell'esplorazione di rame e oro nello Yukon. Nell'ambito dell'operazione, gli azionisti di Granite Creek hanno ricevuto 0,25 azioni Cascadia per ogni azione Granite Creek, con Cascadia che ha emesso circa 53,1 milioni di azioni ai precedenti azionisti di Granite Creek.
La fusione unifica un giacimento in fase avanzata di rame e oro nella propriet脿 Carmacks e diversi progetti in fase di scoperta nel Stikine Terrane dello Yukon. Inoltre, Cascadia ha portato a termine un finanziamento tramite subscription receipts raccogliendo C$2,02 milioni, con warrant esercitabili a C$0,24 per azione fino ad agosto 2027.
Cascadia Minerals (TSXV: CAM) complet贸 la adquisici贸n de Granite Creek Copper (TSXV: GCX, OTC: GCXXF) mediante un plan de reorganizaci贸n aprobado por un tribunal, creando una destacada compa帽铆a de exploraci贸n de cobre y oro en Yuk贸n. En virtud del acuerdo, los accionistas de Granite Creek recibieron 0,25 acciones de Cascadia por cada acci贸n de Granite Creek, y Cascadia emiti贸 aproximadamente 53,1 millones de acciones a los antiguos accionistas de Granite Creek.
La fusi贸n consolida un yacimiento de cobre y oro en etapa avanzada en la propiedad Carmacks y varios proyectos en fase de descubrimiento en el Stikine Terrane del Yuk贸n. Adem谩s, Cascadia complet贸 una financiaci贸n mediante subscription receipts por C$2,02 millones, con warrants ejercitables a C$0,24 por acci贸n hasta agosto de 2027.
Cascadia Minerals (TSXV: CAM)臧� 氩曥洂 鞀轨澑霅� 鞝曣磤(arrangement) 鞝堨皑毳� 韱淀暣 Granite Creek Copper (TSXV: GCX, OTC: GCXXF)毳� 鞚胳垬頃� 鞙犾綐 歆�鞐潣 欤检殧 甑Μ路旮� 韮愳偓 須岇偓搿� 鞛愲Μ鞛§晿鞀惦媹雼�. 鞚� 頃╇硲鞐� 霐半澕 Granite Creek 欤检＜霌れ潃 Granite Creek 欤检嫕 1欤茧嫻 Cascadia 欤检嫕 0.25欤�毳� 氚涭晿鞙茧┌, Cascadia電� 鞚挫爠 Granite Creek 欤检＜霌れ棎瓴� 鞎� 5,310毵� 欤�毳� 氚滍枆頄堨姷雼堧嫟.
鞚措矆 頃╇硲鞙茧 Carmacks 鞛愳偘鞚� 瓿犼笁 雼硠 甑Μ路旮� 甏戩儊瓿� 鞙犾綐鞚� Stikine Terrane鞐� 鞛堧姅 鞐煬 氚滉铂 雼硠 頂勲鞝濏姼臧� 韱淀暕霅橃棃鞀惦媹雼�. 霕愴暅 Cascadia電� subscription receipt 氚╈嫕鞚� 鞛愱笀臁半嫭鞚� 韱淀暣 C$2.02 million鞚� 臁半嫭頄堨溂氅�, 鞗岆煱韸鸽姅 欤茧嫻 C$0.24鞚� 頄夓偓 臧�瓴╈溂搿� 2027雲� 8鞗旉箤歆� 頄夓偓頃� 靾� 鞛堨姷雼堧嫟.
Cascadia Minerals (TSXV: CAM) a finalis茅 l'acquisition de Granite Creek Copper (TSXV: GCX, OTC: GCXXF) par le biais d'un plan d'arrangement approuv茅 par la cour, cr茅ant ainsi une soci茅t茅 d'exploration cuivre鈥憃r de premier plan au Yukon. Dans le cadre de l'accord, les actionnaires de Granite Creek ont re莽u 0,25 action Cascadia pour chaque action Granite Creek, Cascadia ayant 茅mis environ 53,1 millions d'actions aux anciens actionnaires de Granite Creek.
La fusion rassemble un gisement cuivre鈥憃r en phase avanc茅e sur la propri茅t茅 Carmacks et plusieurs projets en phase de d茅couverte dans le Stikine Terrane du Yukon. De plus, Cascadia a r茅alis茅 un financement par subscription receipts de 2,02 M$ CA, avec des bons de souscription exer莽ables 脿 0,24 $CA par action jusqu'en ao没t 2027.
Cascadia Minerals (TSXV: CAM) hat die 脺bernahme von Granite Creek Copper (TSXV: GCX, OTC: GCXXF) durch einen gerichtlich genehmigten Plan of Arrangement abgeschlossen und damit ein f眉hrendes Explorationsunternehmen f眉r Kupfer und Gold im Yukon geschaffen. Im Rahmen der Vereinbarung erhielten Granite Creek-Aktion盲re 0,25 Cascadia-Aktien f眉r jede Granite Creek-Aktie, wobei Cascadia rund 53,1 Millionen Aktien an ehemalige Granite Creek-Aktion盲re ausgegeben hat.
Die Fusion fasst ein fortgeschrittenes Kupfer鈥慓old鈥慥orkommen auf dem Carmacks-Grundst眉ck und mehrere Entdeckungsprojekte im Stikine-Terrane des Yukon zusammen. Zudem hat Cascadia eine Subscription鈥慠eceipt-Finanzierung in H枚he von C$2,02 Millionen abgeschlossen; die Warrants sind bis August 2027 zum Preis von C$0,24 je Aktie 补耻蝉眉产产补谤.
- Creation of a leading Yukon copper-gold exploration company through strategic merger
- Access to advanced-stage Carmacks copper-gold deposit and multiple discovery-stage projects
- Successful completion of C$2.02 million financing to fund operations
- Fully-funded fall drill program planned at Carmacks Property
- Dilution for existing shareholders through issuance of 53.1 million new shares
- Additional potential dilution from 11.04 million warrants and 3.75 million stock options
Vancouver, British Columbia--(Newsfile Corp. - August 13, 2025) - Cascadia Minerals Ltd. (TSXV: CAM) (OTCQB: CAMNF) ("Cascadia") and Granite Creek Copper Ltd. (TSXV: GCX) (OTC Pink: GCXXF) ("Granite Creek") are pleased to announce the acquisition by Cascadia of all of the issued and outstanding common shares of Granite Creek (the "Granite Creek Shares") pursuant to a court-approved plan of arrangement under the Business Corporations Act (British Columbia) (the "Arrangement"). The Arrangement, which became effective as of today's date, merges Granite Creek into Cascadia to create a leading Yukon copper-gold exploration and development company.
Graham Downs, President and CEO of Cascadia, commented: "We are very excited to complete this merger, and we welcome Granite Creek Shareholders to Cascadia. The combined property portfolio provides our shareholders with exposure to an advanced-stage copper-gold deposit at the Carmacks Property and a compelling collection of discovery-stage copper-gold and epithermal gold projects throughout Yukon's underexplored Stikine Terrane. Planning is well underway for a fully-funded fall drill program at Carmacks that will focus on step-out drilling near high-grade portions of the deposit. In the meantime, crews are conducting prospecting work at our Macks, Milner, Idaho Creek and Rosy properties while we await results from our spring drilling at Catch."
Upon completion of the Arrangement, each Granite Creek shareholder received 0.25 (the "Exchange Ratio") of a Cascadia common share (each whole share, a "Cascadia Share") in exchange for each previously held Granite Creek Share, with Cascadia issuing a total of 53,070,848 million Cascadia Shares to former Granite Creek shareholders. Pursuant to the transaction, previously outstanding stock options of Granite Creek have been exchanged for 3,747,500 stock options of Cascadia, and warrants to acquire Granite Creek Shares have been adjusted to permit their holders to acquire a total of 11,036,291 Cascadia Shares, in each case by applying the Exchange Ratio to the number and exercise prices of such options and warrants.
Board of Directors of the Combined Company
Timothy Johnston, Granite Creek's former President and CEO has joined Cascadia's board of directors. James Sabala and Kurt Allen have resigned from Cascadia's board of directors. Cascadia would like to thank Mr. Sabala and Mr. Allen for their valuable contributions, and wish them well in their future endeavours.
Subscription Receipt Financing
Further to the private placement announced in Cascadia's June 9, 2025, news release and closed on July 3, 2025, a total of 14,459,894 subscription receipts have been converted into Cascadia Shares and warrants ("Warrants"), and gross proceeds of C
Cascadia has agreed to pay cash finders' fees totaling
Additional Information about the Arrangement
Further information regarding the Arrangement is set out in the news releases of Cascadia and Granite Creek dated June 9, 2025 and which has been publicly filed by Cascadia and Granite Creek under their respective profiles on SEDAR+ at and the management information circular of Granite Creek dated July 4, 2025 (the "Circular") which has been publicly filed under Granite Creek's profile on SEDAR+ at .
About Cascadia
Cascadia's flagship asset is the Carmacks Project in the high-grade Minto copper district in Yukon Territory, Canada. The project is located south of and within 35km of the past-producing Minto mine, which was recently acquired by Selkirk Copper Mines. The Carmacks Project hosts a Measured and Indicated Resource containing 651 Mlbs of copper and 302 koz of gold (36.3 million tonnes grading 0.81 % copper, 0.26 g/t gold, and 3.23 g/t silver and
Cascadia also has a pipeline of discovery stage copper-gold properties throughout the Yukon Stikine Terrane including its Catch Property, which hosts a copper-gold porphyry discovery where inaugural drill results returned broad intervals of mineralization (116.60 m of
QA/QC
The technical information in this news release has been approved by Andrew Carne, P.Eng., VP Corporate Development for Cascadia and a qualified person for the purposes of National Instrument 43-101.
Prospecting grab samples referenced in this release represent highlight results only, and include results from 2024 and previous seasons. Below detection values for copper, gold and silver have been encountered in grab samples in these target areas. For more details on Catch drilling and prospecting results, please see Cascadia's News Releases dated July 25, 2024, and July 19, 2023.
The Mineral Resources and economic analysis disclosed here are referenced from the 2023 Technical Report on the Carmacks Project Preliminary Economic Assessment, authored by SGS Canada Inc. for Granite Creek Copper. Pricing for the Carmacks Project PEA base case economic analysis was US
For further information, please contact:
Andrew Carne, M.Eng., P.Eng., VP Corporate Development
Cascadia Minerals Ltd.
T: 604-688-0111 ext. 106
[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.
Cautionary note regarding forward-looking statements:
This press release may contain "forward-looking information" within the meaning of applicable securities laws. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this press release. Cascadia and Granite Creek undertake no obligation to update forward-looking information, except as required by securities laws.
To view the source version of this press release, please visit
FAQ
What is the exchange ratio in the Cascadia Minerals and Granite Creek Copper merger?
How many new shares did Cascadia Minerals issue for the Granite Creek acquisition?
How much financing did Cascadia raise through the subscription receipt offering?
What are the main assets acquired by Cascadia through the Granite Creek merger?
What are Cascadia's immediate exploration plans following the merger?
