Gunnison Copper Awards Equity Across Its Workforce to Mark NYSE American Debut Under the Ticker "GUNN"

Planned employee share units carry a 12-month vesting period, with grants awaiting required regulatory processes and filings.

Rhea-AI Summary

Gunnison Copper (GUNN) plans equity awards for 115 eligible permanent employees to mark its October 26, 2026, NYSE American debut. The planned awards are restricted share units, with a 12-month vesting period measured from the initial listing date. Grants will follow completion of required regulatory processes and filings; employees received commemorative certificates at the October 20 town hall, rather than completed grants.

The announcement follows the start of production at Johnson Camp Mine in Arizona, which has annual capacity of up to 25 million pounds of finished copper cathode. Copper is mined, processed and finished on-site without overseas smelting or refining. Gunnison is also advancing its flagship Gunnison Copper Project, approximately 1.5 miles from Johnson Camp.

Positive

• Minor pointThe October 26, 2026, NYSE American debut is completed under ticker GUNN.
• Minor point. Forward-looking: it has not happened yet and may not happen.Planned equity awards give 115 eligible permanent employees a stake in Gunnison.
• Minor pointGunnison is advancing the Gunnison Copper Project near its producing Johnson Camp Mine.

Negative

• Minor point. Forward-looking: it has not happened yet and may not happen.Planned restricted share units introduce potential dilution for existing shareholders.
• Minor pointEmployee grants remain subject to completion of required regulatory processes and filings.

Key Figures

Eligible employee recipients: 115 employees Vesting period: 12 months

Eligible employee recipients

115 employees

Planned equity awards

Vesting period

12 months

Planned restricted share units from the initial NYSE American listing date

Key Terms

restricted share units, preliminary economic assessment, inferred mineral resources, mineral reserves

4 terms

restricted share units financial

"The employee awards are planned to be in the form of restricted share units"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

preliminary economic assessment technical

"A preliminary economic assessment ("PEA") was completed in March 2026"

A preliminary economic assessment is an initial analysis that estimates the potential profitability and feasibility of a project or resource, such as a new mineral deposit or development venture. It provides a rough idea of costs, benefits, and risks, helping investors decide whether to pursue more detailed studies. This early evaluation is important because it offers a snapshot of whether the project is worth further investment and development.

inferred mineral resources technical

"includes Inferred Mineral Resources that are considered too speculative geologically"

An inferred mineral resource is an estimate of the quantity and grade of minerals in the ground based on limited sampling and geological information, where confidence is low and continuity is uncertain. For investors it signals potential value but also higher risk—like a rough sketch of a hidden treasure that requires much more exploration and testing before you can reliably judge its size or economic worth.

mineral reserves technical

"to be categorized as mineral reserves"

Mineral reserves are the amounts of a metal or mineral that a company has identified and can legally and economically extract with current technology. Think of it like the usable fuel in a car’s tank rather than all the oil in the ground; reserves determine how long a mine can produce, help estimate future revenue and costs, and shape a company’s value and investment risk.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

People First: Arizona copper producer gives its workforce a stake in the future employees are helping build

Phoenix, Arizona--(Newsfile Corp. - October 28, 2026) - Gunnison Copper Corp. (NYSE American: GUNN) (TSX: GCU) (OTCQB: GCUMF) (FSE: 3XS0) ("Gunnison" or the "Company"), an American copper producer headquartered in Phoenix, Arizona, intends to award equity to 115 eligible permanent employees across its workforce to mark its October 26, 2026, debut on NYSE American under the ticker GUNN", giving the people helping produce American copper a personal stake in the Company's future.

The initiative, unveiled during a recent Company Town Hall at its Johnson Camp Mine, reinforces Gunnison's core value of People First and reflects its commitment to giving employees a meaningful stake in the Company's future.

"We Are All Owners" - Building Gunnison's Future Together

"Our employees helped bring Johnson Camp into production in 18 months," said Craig Hallworth, President and Chief Executive Officer of Gunnison Copper. "As Gunnison begins trading on NYSE American, we want them to share in the future they are helping build. People First means recognizing that contribution with a personal stake in the Company."

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2744/321381_gunn1.jpg

American Workers Producing Pure American Copper

At Gunnison's producing Johnson Camp Mine in Cochise County, Arizona, American workers mine, process and produce finished copper cathode on-site, eliminating the need for overseas smelting or refining. With annual production capacity of up to 25 million pounds of finished copper cathode, Johnson Camp is helping strengthen the domestic supply chains essential to U.S. national security, defense readiness, advanced manufacturing and next-generation technologies.

Copper supply chains from Johnson Camp Mine directly supply Amazon Web Services data center construction and key defense primes critical to U.S. national security, defense manufacturing and advanced technologies.

Gunnison is also advancing its flagship Gunnison Copper Project, located approximately 1.5 miles from Johnson Camp, representing a significant opportunity to expand domestic copper production.

From Arizona to the New York Stock Exchange

Employees received commemorative award certificates at the October 20 town hall. Representatives of Gunnison's workforce then traveled from Arizona to New York to join the Company's first day of trading. The employee awards are planned to be in the form of restricted share units with a 12-month vesting period from the initial listing date on the NYSE American. The awards will be granted after the completion of required regulatory processes and filings.

The milestones followed a visit to Johnson Camp by U.S. Secretary of the Interior Doug Burgum and Congressman Juan Ciscomani, highlighting the mine's contribution to domestic copper production.

Joining Hallworth and Melissa Mackie, VP, Investor Relations & Communications, in New York were Jon Vaughn, Wellfield Operator; Josh Parrie, Wellfield Manager; Chrissy Rosthenhausler, Accounting Superintendent; and Alex Bovell, Senior Manager, Accounting and Reporting.

Media Contact & Interview Availability

For media inquiries or to arrange interviews with Gunnison Copper President & CEO Craig Hallworth and featured employees, please contact:

Melissa Mackie
VP, Investor Relations & Communications, Gunnison Copper Corp.
mmackie@gunnisoncopper.com

Interviews are available on Wednesday, October 28, at 3:00 p.m. ET, or Thursday, October 29, at 4:00 p.m. ET, subject to confirmation. Please contact Melissa Mackie to coordinate.

Video and Photos

Employees visited Wall Street and the NYSE where they spoke about the pride of ownership and dedication they feel for Gunnison. President & CEO Craig Hallworth discussed the great American values at Gunnison as the company grows copper production in the U.S.

Cannot view this video? Visit:
https://www.youtube.com/watch?v=oZ9wvdCXhyU

President & CEO, Craig Hallworth, announces the employee equity award during the Company's Flag and Monument Dedication Carmony on October 20, 2026 reinforcing Gunnison's People First commitment and celebrating a shared future of employee ownership.

Cannot view this video? Visit:
https://www.youtube.com/watch?v=4YoJba26fBg

Gunnison Copper employees display their equity award certificates following the Company's October 20 town hall.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2744/321381_7e9c65e1c4b03801_004full.jpg

Gunnison Copper employees receive certificates recognizing their planned equity awards at Johnson Camp Mine in Arizona.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2744/321381_7e9c65e1c4b03801_005full.jpg

ABOUT GUNNISON COPPER

Gunnison Copper Corp. is a multi-asset pure-play copper developer and producer that controls the Cochise Mining District (the district), containing 12 known deposits within an 8 km economic radius, in the Southern Arizona Copper Belt.

Its flagship asset, the Gunnison Copper Project, has a main pit Measured and Indicated Mineral Resource containing over 846 million tons with a total copper grade of 0.33% containing 5.19 billion pounds of copper (Measured Mineral Resource of 192 million tons at 0.37% containing 1.42 billion pounds of copper and Indicated Mineral Resource of 655 million tons at 0.31% containing 3.77 billion pounds of copper).

The Strong & Harris satellite deposit, located approximately 1.9 miles from the Gunnison processing facilities, is also included in the mine plan and hosts an Inferred Mineral Resource of 76 million tons grading 0.49% total copper (0.32% CuOx) at a 0.07% cutoff, 0.56% zinc and 0.12 oz/ton silver, containing approximately 740 million pounds of copper, including 483 million pounds of oxide copper, as well as zinc (856 million pounds) and silver (9.0 million ounces).

A preliminary economic assessment ("PEA") was completed in March 2026 for the Gunnison Project yielding robust economics including an NPV8% of $2 billion, IRR of 22.5%, and payback period of 3.9 years. It is being developed as a conventional operation with open pit mining, heap leach, and SX/EW refinery to produce finished copper cathode on-site with direct rail link. The PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the conclusions reached in the PEA will be realized. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

In addition, Gunnison's Johnson Camp Asset, which is now in production, is fully funded by Nuton LLC, a Rio Tinto Venture, with a production capacity of up to 25 million lbs of finished copper cathode annually.

Other significant deposits controlled by Gunnison in the district, with potential to be economic satellite feeder deposits for Gunnison Project infrastructure, include South Star, and eight other deposits.

For more information on the Company, please visit our website at www.GunnisonCopper.com.

For additional information on the Gunnison Project please refer to the technical report titled "Gunnison Project NI 43-101 Technical Report, Preliminary Economic Assessment, Cochise County, Arizona, USA" with an effective date of March 18, 2026 filed on SEDAR+ at www.sedarplus.ca.

For additional information on the Johnson Camp Mine please refer to the technical report titled "Johnson Camp Mine NI 43-101 Technical Report, Cochise County, Arizona, USA" with an effective date of March 18, 2026 filed on SEDAR+ at www.sedarplus.ca.

Dr. Roland Goodgame, Senior VP of Project Development of the Company is a Qualified Person as defined by NI 43-101. Dr. Goodgame has reviewed and approved the technical information contained in this news release.

For further information regarding this press release, please contact:

Gunnison Copper Corp.
Concord Place, Suite 300, 2999 North 44th Street, Phoenix, AZ, 85018

Melissa Mackie
T: 647.533.4536
E: info@GunnisonCopper.com
www.GunnisonCopper.com

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to: (i) the intention to deploy the Nuton® technology at the Johnson Camp mine and future production therefrom; (ii) the continued funding of the stage 2 work program by Nuton; (iii) the details and expected results of the stage two work program; (iv) future production and production capacity from the Company's mineral projects; (v) the results of the preliminary economic assessment on the Gunnison Project; (vi) the exploration, development, optimization and permitting of the Company's mineral projects; (vii) anticipated benefits of the NYSE American listing; (viii) the Company's growth strategy and its anticipated role in domestic copper supply; and (ix) the Company's customer and supply chain relationships.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" or "does not expect", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the Company will continue to satisfy the continued listing requirements of the NYSE American, Nuton will continue to fund the stage 2 work program, the availability of financing to continue as a going concern and implement the Company's operational plans, the ability to achieve the conclusions of the PEA, the estimation of mineral resources, the realization of resource estimates, copper and other metal prices, the timing and amount of future development expenditures, the estimation of initial and sustaining capital requirements, the estimation of labour and operating costs (including the price of acid), the availability of labour, material and acid supply, receipt of and compliance with necessary regulatory approvals and permits, timelines for government review of permit applications, the estimation of insurance coverage, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and other similar matters. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to the Company not obtaining adequate financing to continue operations, Nuton failing to continue to fund the stage 2 work program, that the Company fails to maintain the listing of its ADRs on the NYSE American, risks inherent in the construction and operation of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined including the possibility that mining operations may not be sustained at the Johnson Camp Project, mining does not commence at the Gunnison Copper Project, the assumptions and conclusions set out in the PEA prove incorrect, risks related to the delay in review and approval of work plans and permits, variations in mineral resources and reserves, grade or recovery rates, risks relating to the ability to access infrastructure, risks relating to changes in copper and other commodity prices and the worldwide demand for and supply of copper and related products, risks related to increased competition in the market for copper and related products, risks related to current global financial conditions on the Company's business, uncertainties inherent in the estimation of mineral resources, access and supply risks, risks related to the ability to access acid supply on commercially reasonable terms, reliance on key personnel, operational risks inherent in the conduct of mining activities, including the risk of accidents, labour disputes, increases in capital and operating costs and the risk of delays or increased costs that might be encountered during the construction or mining process, regulatory risks including the risk that permits may not be obtained in a timely fashion or at all, financing, capitalization and liquidity risks, risks related to disputes concerning property titles and interests, environmental risks and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators and the U.S. Securities and Exchange Commission.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/321381

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who is eligible for Gunnison Copper's employee equity awards?

Gunnison plans to award equity to 115 eligible permanent employees across its workforce to mark its NYSE American debut.

What form will Gunnison Copper's employee equity awards take, and when will they vest?

The awards are planned as restricted share units with a 12-month vesting period from the October 26, 2026, initial NYSE American listing date. Grants will occur after completion of required regulatory processes and filings.