Mr. Timothy Johnson of Granite Creek Copper reports
GRANITE CREEK PROVIDES CORPORATE UPDATE
In accordance with the policies of the TSX Venture Exchange, Cascadia Minerals Ltd. and Granite Creek Copper Ltd. have agreed to amend the terms of the non-interest-bearing bridge loan to be provided by Cascadia. Under the terms of the amended agreement, the bridge loan will have a term of one year and will be repayable on demand by Cascadia in cash or, at Cascadia's option, may be converted into up to 7.5 million common shares of Granite Creek at a conversion price of five cents per share. The issuance of the bridge loan remains subject to TSX-V approval.
In addition, the company has closed the sale of its wholly owned subsidiary, Element One Hydrogen, to Buscando Resources Inc., as previously disclosed in the company's news release dated April 29, 2025.
About Granite Creek Copper Ltd.
Granite Creek Copper, a member of the Metallic group of companies, is a focused on the exploration and development of critical-minerals projects in North America. The company's projects consist of its flagship, 177-square-kilometre Carmacks project in the Minto copper district of Canada's Yukon, on trend with the formerly operating, high-grade Minto copper-gold mine, and the advanced-stage LS molybdenum project and the Star copper-nickel-platinum-group-metal project, both located in central British Columbia.
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