World Copper Announces Anticipated Closing Date for the Sale of the Zonia Project

Rhea-AI Summary

World Copper (OTCQB: WCUFF) announced that the previously disclosed arrangement under which Plata Latina will acquire the Zonia Copper Project in Arizona is expected to close on October 30, 2025.

The acquisition is structured as a court-approved plan of arrangement; parties filed a Joint Management Information Circular dated September 12, 2025, available on SEDAR+ for further details.

Positive

• Arrangement expected to close on October 30, 2025
• Zonia Project to be acquired by Plata Latina via court-approved plan

Negative

• None.

Vancouver, British Columbia--(Newsfile Corp. - October 29, 2025) - World Copper Ltd. (TSXV: WCU) (OTCQB: WCUFF) (FSE: 7LY0) ("World Copper" or the "Company") announces that the previously announced arrangement (the "Arrangement") whereby Plata Latina Minerals Corporation ("Plata Latina") will acquire the Zonia Copper Project in Arizona from World Copper by way of a court-approved plan of arrangement, is expected to close on October 30, 2025.

Further information on the Arrangement can be found in the Joint Management Information Circular of Plata Latina and World Copper dated September 12, 2025 (the "Joint Circular"), filed on the Company's SEDAR+ profile at www.sedarplus.ca.

About World Copper Ltd.

World Copper Ltd., headquartered in Vancouver, BC, is a Canadian resource company focused on the exploration and development of its Zonia copper project in Arizona.

Detailed information is available at World Copper's website at www.worldcopperltd.com, and for general Company updates you may follow us on our social media pages via Facebook, X & LinkedIn.

For further information, please contact:

Gordon Neal
President & Chief Executive Officer
Telephone: 604-638-3287
Email: info@worldcopperltd.com

Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the completion of the Arrangement, receipt of the approval of the TSXV in respect of the Arrangement, and the timing of the completion of the Arrangement, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believes", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, World Copper has applied several material assumptions, including without limitation, that market fundamentals will result in sustained copper demand and prices, the receipt of any necessary permits, licences and regulatory approvals in connection with the Arrangement in a timely manner, the availability of financing on suitable terms for the continued operation of World Copper's business and its ability to comply with environmental, health and safety laws.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and other factors include, among others, the Company's inability to source new assets, the Company may be exposed to risks to which Plata Latina is exposed, the Company is subject to public issuer compliance and listing obligations, the Company could be liable for a termination payment in certain circumstances, prior to the completion of the Arrangement the Company is restricted from taking certain actions, the Arrangement may divert management's attention, the Company will incur substantial transaction costs in connection with the Arrangement and if the Arrangement is not completed the costs may be significant and could have a material adverse effect on the Company, requirements for additional capital, actual results of exploration activities, including on the Company's projects, the estimation or realization of mineral reserves and mineral resources, future prices of copper, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, lack of investor interest in future financings, accidents, labour disputes and other risks of the mining industry, delays in obtaining governmental approvals (including of the TSXV), permits or financing or in the completion of other planned activities, risks relating to epidemics or pandemics, including impacts on the Company's business, financial condition and results of operations, changes in laws, regulations and policies affecting mining operations, title disputes, the timing and possible outcome of any pending litigation, environmental issues and liabilities, as well as the risk factors described in the Joint Circular and in other filings made by the Company with Canadian securities regulatory authorities under the Company's profile at www.sedarplus.ca.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not undertake any obligation to update any of the forward-looking statements in this news release or incorporated by reference herein, except as otherwise required by law

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272355

FAQ

When is the WCUFF arrangement to sell the Zonia Project expected to close?

The arrangement is expected to close on October 30, 2025.

Who is acquiring the Zonia Project from World Copper (WCUFF)?

Plata Latina will acquire the Zonia Project by way of a court-approved plan of arrangement.

Where can investors find the details of the World Copper and Plata Latina arrangement (WCUFF)?

Details are in the Joint Management Information Circular dated September 12, 2025 filed on SEDAR+.

Is the Zonia Project sale structured as a court-approved arrangement for WCUFF?

Yes. The acquisition is structured as a court-approved plan of arrangement.

What is the effective date investors should watch for the WCUFF Zonia closing?

Investors should watch for the expected closing date of October 30, 2025.

Will World Copper (WCUFF) provide additional information about the Zonia arrangement?

Additional information is available in the Joint Management Information Circular dated September 12, 2025 on SEDAR+.