QC Copper and Gold Inc. (TSXV:QCCU) entered into an agreement to acquire 10% stake in Thierry Copper Mine located in Pickle Lake, Ontario from Canadian Critical Minerals Inc. (TSXV:CCMI) for CAD 0.3 million on October 4, 2023. As reported, QC Copper and Gold will pay CAD 300,000 in an upfront, all-cash deal. In related transactions, Orecap Invest Corp. entered into an agreement to acquire 45% stake in Thierry Copper Mine located in Pickle Lake, Ontario from Canadian Critical Minerals Inc. for CAD 1.35 million on October 4, 2023 in an upfront all-cash deal and Ocean Partners will acquire 6% stake in Thierry Copper Mine. Following the sale, CCMIwill retain a 39% interest in the property. Following Closing, Pickle Lake Minerals Inc. which holds a 100% interest in the Thierry Copper Mine will be renamed to Cuprum Corp. Closing of the acquisition remains subject to final approval of the TSX Venture Exchange, as well as certain other conditions as are customary in transactions of this nature. Proceeds from the sale of a 61% interest in Thierry Copper Mine will provide CCMI with sufficient cash to discharge the secured loan at Bull River and eliminate future interest payments to Ocean Partners UK. The sale is non-dilutive to CCMI shareholders.

QC Copper and Gold Inc. (TSXV:QCCU) completed the acquisition of 10% stake in Thierry Copper Mine located in Pickle Lake, Ontario from Canadian Critical Minerals Inc. (TSXV:CCMI) on October 31, 2023.