Copper Fox Announces Acceleration of Warrant Expiry Date

Rhea-AI Summary

Copper Fox Metals (OTCQX: CPFXF) announced acceleration of the expiry for common share purchase warrants issued July 31, 2024. The company said the 15‑day VWAP on October 6, 2025 exceeded the $0.35 threshold, triggering its right to accelerate expiry to 5:00 p.m. (Calgary time) on November 17, 2025. Any unexercised warrants will expire worthless after that date.

The release states that if all accelerated warrants are exercised the company would receive approximately $239,360 in proceeds, to be used for exploration on its 100% owned projects and working capital. The company also noted prior warrant activity: 1,810,000 of 2,558,000 warrants from July 31, 2024 have been exercised and a February 28, 2025 acceleration resulted in all those warrants being exercised, leaving no outstanding warrants after this action.

Positive

• Accelerated expiry date set for November 17, 2025
• Proceeds ≈ $239,360 if all accelerated warrants are exercised
• No outstanding warrants will remain after these accelerations

Negative

• 2,558,000 warrants issued July 31, 2024 (potential share issuance)
• 1,810,000 of those warrants already exercised (dilution occurred)

Calgary, Alberta--(Newsfile Corp. - October 17, 2025) - Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) (FSE: HPU) ("Copper Fox" or the "Company") is pleased to announce that the Company is electing to accelerate the expiry of outstanding common share purchase warrants (the "Warrants") issued on July 31, 2024, pursuant to the Company's non-brokered private placement (the "Offering").

Pursuant to the terms of the Warrants, the Company may accelerate the expiry of the Warrants if the 15-day volume weighted average price of the common shares of the Company (the "Common Shares") listed on the TSX Venture Exchange (the "TSXV") is above $0.30 in the first 12-month period, or $0.35 during the subsequent 12-month period after the closing of the Offering, to any date or dates, as the case may be, that is 30 days after the first date such threshold is met.

On October 6, 2025, the 15-day volume weighted average price of the Common Shares on the TSXV was in excess of $0.35 per Common Share. The Company hereby provides notice that the Company is exercising its right to accelerate the expiry of the outstanding Warrants to 5:00 p.m. (Calgary Time) on November 17, 2025 (the "Accelerated Expiry Date"). Any Warrants remaining unexercised after the Accelerated Expiry Date will expire and be of no force and effect.

Holders may exercise the Warrants before 5:00 p.m. (Calgary time) on November 17, 2025 by: (i) duly completing the Warrant exercise form attached as Exhibit A to the Warrant certificate and delivering same to the Company at Copper Fox Metals Inc., Suite 650, 340 - 12th Avenue SW, Calgary, Alberta, T2R 1L5 (Attention: Elmer Stewart) and (ii) delivering a certified cheque or money order in Canadian funds to or to the order of the Company in an amount equal to the purchase price for the Common Shares subscribed for under the Warrant certificate.

Assuming all the Warrants are exercised, the Company will receive proceeds of approximately $239,360.

The proceeds will be used for further exploration work on its 100% owned projects and working capital purposes.

The Company advises that with this current Warrant acceleration from the July 31, 2024 Offering (1,810,000 of 2,558,000 exercised), and the recent Warrant acceleration from the February 28, 2025 Offering (all Warrants exercised), there will no longer be any outstanding Warrants within the Company.

About Copper Fox
Copper Fox is a Canadian resource company focused on copper exploration and development in Canada and the United States. The assets of Copper Fox and its wholly owned subsidiaries being Northern Fox Copper Inc. and Desert Fox Copper Inc. include the 100% ownerships of the Van Dyke ISCR project, and the Mineral Mountain and Sombrero Butte porphyry copper exploration projects all located in Arizona, the 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited on the Schaft Creek copper-gold-molybdenum-silver project and the 100% owned Eaglehead polymetallic porphyry copper project each located in northwestern British Columbia. For more information on Copper Fox's mineral properties and investments visit the Company's website at www.copperfoxmetals.com.

On behalf of the Board of Directors

Elmer B. Stewart
President and Chief Executive Officer

For additional information contact: Lynn Ball at 1-844-464-2820 or investor@copperfoxmetals.com

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 release.

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of the Canadian securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "budgets", "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release include statements about: acceleration dates of the Warrants and the potential proceeds from any such Warrant exercises.

In connection with the forward-looking information contained in this news release, Copper Fox and its subsidiaries have made numerous assumptions regarding, among other things: some or all of the Warrant holders will exercise their Warrants. While Copper Fox considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause Copper Fox's actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein.

A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's continuous disclosure filings with Canadian securities regulatory authorities at www.sedarplus.ca. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Copper Fox disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events, or developments, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/270787

FAQ

What did Copper Fox (CPFXF) announce about warrant expiry on October 17, 2025?

Copper Fox announced it is accelerating warrant expiry to 5:00 p.m. (Calgary) on November 17, 2025 after the 15‑day VWAP exceeded $0.35 on October 6, 2025.

How much money will Copper Fox (CPFXF) raise if all accelerated warrants are exercised?

Assuming all accelerated warrants are exercised, the company would receive approximately $239,360 in proceeds.

What will Copper Fox (CPFXF) use the warrant proceeds for?

The company said proceeds will be used for further exploration on its 100% owned projects and for working capital.

Will there be any outstanding warrants after the November 17, 2025 acceleration for CPFXF?

The company advised that after this acceleration and prior February 28, 2025 acceleration, no outstanding warrants will remain.

How many warrants from the July 31, 2024 offering were issued and how many have been exercised?

The July 31, 2024 offering issued 2,558,000 warrants, of which 1,810,000 have been exercised to date.