Canadian Copper lines up C$96 million in project funding

Canada

TORONTO, April 14, 2026 – Canadian Copper has secured up to CAD 96 million in committed capital from OR Royalties and Ocean Partners to advance its Murray Brook Project and Caribou Process Plant in Bathurst, New Brunswick, Canadian Copper announced on Tuesday.

The package for the Murray Brook Project and Caribou Process Plant, together known as the Bathurst Project, includes a CAD 38.35 million contribution from OR Royalties in exchange for a 20% life-of-mine payable silver and gold stream from the project, as well as up to CAD 48 million in project debt from Ocean Partners in exchange for 100% of the offtake rights.

The Murray Brook sulphide deposit in Bathurst was acquired by Canadian Copper in two separate transactions in 2020 and 2023 and is the company’s flagship asset. The Caribou Process Plant is a sulphide processing facility located about 10 kilometres east of Murray Brook with infrastructure to produce copper, lead, silver and zinc concentrates.

OR Royalties and Ocean Partners, which is a 17% shareholder in Canadian Copper, have also committed up to CAD 10.5 million in equity subscriptions, while an additional CAD 12.3 million is due on closing of the deal later in April.

“Today’s project financing funds the preliminary economic assessment 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,” said Canadian Copper CEO Simon Quick.

Canadian Copper is an Ontario-Based development company with a portfolio of copper, silver and zinc mineral resources and base metals exploration assets. OR Royalties is a precious metals royalty and streaming company with a portfolio of more than 195 royalties, streams and similar interests. Ocean Partners provides metals trading, logistics and finance services to miners, smelters and refiners worldwide.

Photo courtesy of Canadian Copper