CopAur Awards Contract for Biological & Cultural Surveys

Rhea-AI Summary

CopAur (OTC: COPAF) awarded contracts to complete biological, botanical, noxious weed, raptor nesting and Class III archaeological surveys at the Kinsley Mountain and Troy Canyon properties.

WestLand Engineering (Reno) will perform wildlife and botanical surveys; Mesa Field Services (Sparks) will perform archaeological surveys and both firms will conduct a gap analysis. The board approved 3,600,000 stock options at $0.22 per share, exercisable for five years under the company option plan.

Positive

• Contracts awarded to WestLand and Mesa for surveys at two properties
• 3,600,000 stock options granted, exercisable at $0.22 for five years

Negative

• 3,600,000 options granted could dilute existing shareholders if exercised

News Market Reaction – COPAF

+3.19%

1 alert

+3.19% News Effect

On the day this news was published, COPAF gained 3.19%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Vancouver, British Columbia--(Newsfile Corp. - February 3, 2026) - CopAur Minerals Inc. (TSXV: CPAU) ("CopAur" or the "Company") is pleased to report that contracts have been let to complete biological and cultural surveys at both the Kinsley Mountain property and the Troy Canyon property.

WestLand Engineering and Environmental Services of Reno, NV, have been given the responsibility to complete a series of nesting eagle & raptor surveys, and general wildlife and botanicals surveys on both properties, including noxious weed surveys on both properties. In parallel with this Mesa Field Services of Sparks, NV will complete a Class III archaeological survey on both properties. Both groups will also complete a gap analysis to ensure that the Company meets all requirements to advance both projects.

"Both Westland and Mesa have been selected after a competitive bid process executed by the Company's Owner's Team - Lead Ram. Both groups have recent experience on similar projects in Nevada and come highly recommended by past clients," commented Andrew Neale.

The Company also announces that its Board of Directors has approved the grant of 3,600,000 stock options to directors, officers, employees, and consultants. The options are exercisable at a price of $0.22 per common share and are valid for a period of five (5) years from the date of grant. The options were granted in accordance with the Company's Stock Option Plan.

About CopAur: CopAur is a mine development company focused on projects within the emerging, mineral-rich gold 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 gold project located in the Kinsley Mountains in Eastern Nevada, approximately 80 km SSW of West Wendover.

ON BEHALF OF COPAUR MINERALS INC.

Andrew Neale, CEO

For more information, please contact ir@copaur.com or by phone at +1 604 839 9124.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282618

FAQ

What surveys did CopAur (COPAF) award for Kinsley Mountain and Troy Canyon on February 3, 2026?

CopAur awarded biological, botanical, noxious weed, raptor nesting, and Class III archaeological surveys at both properties. According to the company, WestLand will handle wildlife and botanicals while Mesa will perform the archaeological surveys and gap analyses.

Who are the contractors CopAur (COPAF) selected to complete the field surveys?

CopAur selected WestLand Engineering and Environmental Services and Mesa Field Services to perform the surveys. According to the company, both were chosen after a competitive bid and have recent Nevada project experience and client recommendations.

How many stock options did CopAur (COPAF) grant and what are the terms of the grant?

The board approved a grant of 3,600,000 stock options exercisable at $0.22 per common share for five years. According to the company, the options were granted under the company’s Stock Option Plan to directors, officers, employees, and consultants.

What is the purpose of the gap analysis required by CopAur (COPAF) for its survey contractors?

The gap analysis is intended to confirm regulatory and permitting requirements are met to advance both projects. According to the company, both contractors will complete gap analyses to ensure the projects meet necessary advancement criteria and obligations.

Will the CopAur (COPAF) survey contracts and option grant affect project timelines or shareholder value?

The contracts are intended to advance permitting and baseline studies, potentially supporting project timelines. According to the company, the option grant is a retention/compensation tool; exercised options could dilute shareholders if converted to common shares.