en.Wedoany.com Reported - Canadian Copper Inc. (CSE: CCI) announced on April 14, 2026, that it has secured up to CAD 96 million in total committed funding from OR Royalties Inc. (TSX: OR) and Ocean Partners UK Limited to advance the development of its Murray Brook project and the Caribou Processing Plant located in the Bathurst Mining Camp, New Brunswick, Canada. This financing covers the initial capital costs of the project, allowing the company to focus on obtaining the remaining permits and approvals.

Under the financing package, OR Royalties will provide CAD 38.4 million in exchange for a 20% life-of-mine gold and silver stream from the Bathurst Mining Complex. Ocean Partners will provide up to CAD 48 million in project debt financing in exchange for the full offtake rights for the complex. Both parties have also committed to subscribing for common shares of Canadian Copper Inc., totaling up to CAD 10.5 million. CEO Simon Quick stated that this financing represents a "significant de-risking milestone" for the company.

The Murray Brook deposit, acquired in 2024, is Canadian Copper's flagship asset and the largest undeveloped volcanogenic massive sulfide (VMS) deposit in New Brunswick. The deposit hosts 21.1 million tonnes of measured and indicated resources grading 0.45% copper, containing 211.7 million pounds of copper metal, along with associated zinc, gold, and silver resources. The Bathurst Mining Complex is the world's third-largest VMS camp, with nearly 70 years of mining history.

OR Royalties is a precious metals royalty and streaming company focused on Tier-1 mining jurisdictions such as Canada, the United States, and Australia. Ocean Partners, founded in the UK in 2004, is a metals trading company providing trading services to miners, smelters, and refiners across countries including Canada, Australia, and China. It currently holds a 17% stake in Canadian Copper Inc.

Canadian Copper Inc. is headquartered in Toronto and focuses on the exploration and development of the Bathurst Mining Camp. The company can, at its discretion, use 55% of the proceeds from this financing. On the day of the announcement, the company's stock price rose by over a quarter, closing at 76 cents, with a market capitalization of approximately CAD 145 million.

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