VANCOUVER, BC, July 8, 2026 /CNW/ - Super Copper Corp. (CSE: CUPR) (OTCQB: CUPPF) (FSE: N60) ("Super Copper" or the "Company") is pleased to provide a corporate update across its two copper projects in Chile's Atacama Region, its material science division, and its strengthened balance sheet. With its maiden drilling program starting imminently, a fully funded treasury, the Company believes it is entering the most active period in its history.
"The next six months will define Super Copper. Drilling at El Alto gives us our first real test of the Cordillera thesis we've spent two years building, Castilla is advancing toward its own maiden drill targets, and our material science division is working towards technology upside that doesn't depend on any single drill hole. We are fully funded for these immediate exploration programs. What we've assembled is a company with multiple, independent ways to create value, and we look forward to developments from each of them," said Zachary Dolesky, CEO of Super Copper.
Why Copper, Why Now
Project Updates
Cordillera Cobre Project: Drilling Imminent
Castilla Project: Advancing to Next Phase
Material Science Division: A Third Way to Win
"Every copper producer on earth wants three things: more metal from the same tonne of rock, cleaner water, and lower costs. Our material science division is initiating a program on all three, with hard numbers to hit, and independent verification. It's a third way to win that sits alongside the exploration upside at Cordillera Cobre and Castilla," added CEO Zachary Dolesky.
Corporate Outlook: What's Ahead
With drilling set to commence and a funded treasury, the Company looks forward to delivering updates to shareholders during the coming months.
Qualified Person
The scientific and technical information in this news release has been reviewed and approved by Michael B. Dufresne, M.Sc., P.Geo., P.Geol., of APEX Geoscience Ltd., who is an independent Qualified Person as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
Grant of RSUs
The Company also announces that it has granted an aggregate of 3,723,930 restricted share units ("RSUs") pursuant to its omnibus equity incentive plan.
Pursuant to an existing previously announced consulting agreement with Apeiron Investment Group Ltd. ("Apeiron") dated May 29, 2025 (the "Apeiron Agreement"), Apeiron previously agreed to provide advisory services to the Company in exchange for 4,000,000 RSUs, of which 3,000,000 RSUs were previously granted (see the Company's news release dated May 29, 2025 for further details). The Company has now granted Apeiron the balance of 1,000,000 RSUs, of which 168,000 RSUs were granted to Longyear Capital Management LLC ("Longyear") at the direction of Apeiron. Longyear is a corporation controlled by Sebastian Wagner, a director of the Company and the Natural Resources Lead of Apeiron.
As previously announced on August 19, 2025, the Company entered into an amending agreement to the Apeiron Agreement and in consideration for Apeiron's continued services, the Company agreed to grant RSUs to Apeiron in an amount equal to 2.5% of the Company's issued and outstanding common shares on an annual basis. The Company has now granted Apeiron an aggregate of 1,361,965 RSUs, of which 272,393 RSUs were granted to Longyear at the direction of Apeiron. Additionally, pursuant to an amended management consulting agreement with Orion Management FZE-LLC and Zachary Dymala-Dolesky, the CEO of the Company, the Company has granted to Mr. Dolesky an aggregate of 1,361,965 RSUs, representing 2.5% of the Company's issued and outstanding common shares. The RSUs granted to Apeiron and to Longyear at the direction of Apeiron, and Mr. Dymala-Dolesky vest in four equal tranches, with 25% vesting on the date of grant, August 29, 2026, November 29, 2026, and February 28, 2027.
The RSUs will be subject to a four month hold period expiring November 4, 2026 in accordance with applicable Canadian securities laws and the policies of the Canadian Securities Exchange.
The grant of RSUs to Apeiron and to Longyear at the direction of Apeiron, and the grant of RSUs to Mr. Dolesky pursuant to the amended management consulting agreement, each constitute a "related party transaction" within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on certain exemptions from the requirement to obtain a formal valuation and minority shareholder approval for the transactions under MI 61-101, namely sections 5.5(a) and 5.7(a) as neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the grant of RSUs as set out above exceeds 25 percent of the Company's market capitalization (calculated in accordance with MI 61-101).
About Super Copper Corp.
Super Copper is a mining exploration company focused on acquiring, advancing and consolidating global copper assets from early discovery through late-stage development. The company is currently advancing its copper projects in Atacama, Chile, a region with world-class infrastructure and the presence of global majors. By operating a single, integrated technical team and a milestone-driven acquisition strategy, Super Copper aims to build a portfolio of scalable projects capable of supplying the world's accelerating demand for copper. | www.supercopper.com
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.
Cautionary Statement Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements regarding: the timing, scope and completion of site preparation and the Phase 1 drilling program; the expected timing of drill rig mobilization and commencement of drilling; the number of platforms, drill holes and metres planned; the anticipated timing and significance of assay results; the Company's exploration plans and objectives; the terms, vesting and settlement of the RSUs granted to Apeiron, Longyear and Mr. Dolesky. Such statements are based on assumptions and estimates that management considered reasonable at the time such statements are made, including assumptions regarding contractor availability and performance, permitting, weather and ground conditions, equipment, financing, and the absence of unforeseen delays.
Forward-looking information is based on current expectations, estimates, forecasts, projections and assumptions made by management as of the date of this news release. Although the Company believes such assumptions are reasonable, forward-looking information is subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied, including but not limited to: exploration risk; the inherent uncertainty of geophysical interpretation, risk that such interpretations are not confirmed by drilling; the risk that drill-ready targets are not defined or do not result in economic mineralization; weather, logistical, contractor and permitting delays; commodity price volatility; capital market conditions and the Company's ability to fund its planned programs; changes in applicable laws, regulatory requirements or stock exchange policies, and the ability of the parties to satisfy any conditions applicable to the RSUs and the underlying consulting arrangements; and the other risks described in the Company's public filings available on SEDAR+ at www.sedarplus.ca. Readers are cautioned not to place undue reliance on forward-looking information, and except as required by applicable law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
SOURCE Super Copper Corp.
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