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Northwest Copper Announces Closing of Oversubscribed Private Placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, British Columbia, July 04, 2025 (GLOBE NEWSWIRE) -- NorthWest Copper Corp. ("NorthWest" or "the Company") (TSXV:NWST) is pleased to announce the closing of its oversubscribed non-brokered private placement financing originally announced on May 21, 2025.

The Company closed on subscriptions for 2,775,000 units (each a "Unit") at a price of $0.20 per Unit for gross proceeds of $555,000. Each Unit consists of one common share of the Company (each a "Common Share") and one half of one non-transferable common share purchase warrant (each whole warrant being a "Warrant") with each Warrant exercisable to purchase one additional Common Share of the Company at an exercise price of $0.30 until July 3, 2027. Proceeds of the private placement will be used primarily for general working capital purposes.

CEO Paul Olmsted stated, "The increased demand under the private placement reflects confidence in our new strategic approach at Kwanika where we are targeting higher-grade zones identified within the current mineralization. Closing of this financing is an important step as we prepare to launch and execute on the next phase of exploration drilling and metallurgical work aimed at enhancing value at Kwanika."

The Company paid cash finder's fees of $6,000 and issued 30,000 compensation warrants (the "Compensation Warrants") to an eligible finder. Each Compensation Warrant entitles the holder to acquire one Common Share of the Company at $0.30 until July 3, 2027.

All securities issued in the private placement are subject to a hold period expiring on November 4, 2025.

Three Directors of the Company, Maryantonett Flumian, Enrico De Pasquale and Paul Olmsted acquired a total of 400,000 units for aggregate proceeds of $80,000. Such participation will each be considered a "related party transaction" within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The related party transactions are exempt from the valuation and minority shareholder approval requirements of MI 61-101 by virtue of the exemptions contained in sections 5.5(a) and 5.7(1) (a) of MI 61-101 in that the fair market value of the consideration for the securities ...