en.Wedoany.com Reported - Copper One Resources Corp. has completed the acquisition of the Redonda Copper Project, located northeast of Campbell River in the Vancouver Mining District, British Columbia, Canada, from Uranium One Mining Corp., securing a 100% undivided legal and beneficial interest in the nine mineral claims comprising the project.

Pursuant to the mineral claim purchase agreement signed on April 30, 2026, Copper One Resources Corp. paid C$1,100,000 to Uranium One Mining Corp. as consideration and assumed all obligations related to a 3% net smelter return royalty held by Homegold Resources Ltd. All mineral titles constituting the mineral claims were transferred on May 11, 2026.

The transaction satisfied all closing conditions, including Uranium One Mining Corp.'s payment of its outstanding deferred balance of C$300,000 to Homegold, delivery of duly executed transfer documents, and receipt of all necessary consents and approvals by the parties. As David Greenway serves as a director and officer of both companies, the acquisition is considered a related party transaction as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (MI 61-101). Both companies obtained exemptions from the valuation requirement and minority shareholder approval under the regulation, on the grounds that the cash consideration did not exceed 25% of the market capitalization of either Uranium One Mining Corp. or Copper One Resources Corp.

Uranium One Mining Corp. is a Canadian mineral exploration company focused on the acquisition, exploration, and development of uranium projects and select battery metal assets, advancing a portfolio of projects in Canada, Paraguay, and Argentina. Copper One Resources Corp., in turn, focuses on identifying and advancing late-stage copper and copper/silver/gold projects, with its core asset being the Majuba Hill copper, silver, and gold property in Nevada, USA.

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