On January 24, 2024, NorthWest Copper Corp. closed the transaction. The company issued 22,051,905 common shares at an issue price of CAD 0.105 per share for the gross proceeds of CAD 2,315,450.025 in fourth and final tranche. The common shares issued pursuant to the final tranche of the Concurrent Private Placement are subject to a four month and a day hold period expiring May 24, 2024, in accordance with applicable Canadian securities laws, and TSX Venture Exchange hold period, as applicable. The company paid CAD 11,536 will be paid to Echelon Wealth Partners Inc., CIBC World Markets Inc., Canaccord Genuity Corp., and RBC Dominion Securities Inc. in connection with the Concurrent Private Placement. The transaction included participation from John Kimmel who acquired 14,285,714 common shares for aggregate consideration of CAD 1,499,999.97. Immediately prior to the completion of the Concurrent Private Placement, Kimmel beneficially owned, directly or indirectly, or exercised control or direction over, 15,656,243 common shares and warrants to acquire 3,260,870 common shares exercisable at a price of CAD 0.30 per common share until February 3, 2025 representing approximately 7.56% of the issued and outstanding common shares on a non diluted basis and 8.99% on a partially diluted basis. Immediately following the closing of the Concurrent Private Placement, Kimmel beneficially owned, directly or indirectly, or exercised control or direction over, 29,941,957 common shares and the Warrants representing approximately 13.06% of the issued and outstanding common shares on a non-diluted basis and 14.28% on a partially diluted basis.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 21 placees including CAD 11,535.56 as finder's agent.