Announcement • May 02
Cupani Metals Corporation Reports Winter Drilling Results At Blue Lake Project Cupani Metals Corporation has announced some early success in its exploration campaign being conducted on its 100%-owned Blue Lake project. The main objective of the program was to test the interpreted extension of the Blue Lake mineralisation to the South-East within the High-Potential Corridor. The new geological interpretation was confirmed by the intersection of massive sulphides at the base of a sub-horizontal ultramafic unit. Cupani has drilled 6 holes for a total of 1,344 meters. The drilling program commenced on March 18th and was paused last week for goose hunting season until June, as agreed in advance with the Naskapi Nation of Kawawachikamach. A total of 803 core samples, including 10% QA/QC samples, has been sent to the ALS Global in Val D'Or for processing. Four holes were drilled in the Blue Lake South-east sector. These holes all targeted combined magnetic and electromagnetic anomalies. At the base of the ultramafic units, massive sulphides with sharp contacts to lithologies were identified over lengths of up to two meters. Above the massive sulphides, the ultramafic rocks usually contain 5 to 20% disseminated, net textured and blebby sulphides over thicknesses of up to 70 meters. The furthest hole to date is 1.4 kilometres from the southern edge of historical deposit /lens named Blue Lake #2. This extends the footprint of known mineralization to the southeast. Analytical results are expected within the next few weeks and will be communicated in a further Press Release. The first 2 holes of the campaign were drilled close to Retty Lake camp and was testing weakly mineralised peridotite at surface associated with magnetic and gravity anomalies (from the 2024 survey conducted for Cupani). Announcement • Mar 20
Cupani Metals Corporation Commences Drilling At Blue Lake Cupani Metals Corporation announced the winter 2026 drill program has begun. Cupani's 2026 winter drill program ranges from 15 to 25 holes for a total of between 3,000 and 4,000 meters. The program is designed to test the interpreted extension of the Blue lake mineralisation to the South-East along the High-Potential Corridor. Drill locations were chosen based on confluence of surface geology that includes the presence of mineralised ultramafics and geophysics including aeromagnetic anomalies, electromagnetic responses and gravity anomalies. The proposed depth for each drill hole is planned as sufficient to reach the ultramafic /sediment contact. Cupani may choose to keep the drill rig onsite beyond April for use later in 2026. Cupani's 100% owned Blue Lake copper nickel PGE project in Quebec covers 682 square kilometres of exploration claims. During the 1980s certain sections of Blue Lake project were explored by La Fosse Platinum. They drilled hundreds of exploration holes, excavated a 350 metre (1,000 foot) adit, conducted geochemical, geophysical and geologic surveys and metallurgy testing. The surface projection of discovered mineralization as well as historical drill locations are shown and comprise an area less than 10 square kilometers. The above figure's copper equivalence estimates were made using CAD for the copper equivalent calculation with metal prices as of September 8th, 2025 of $6.20/lb Cu, $9.52/lb Ni, $1,921.60/oz Pt, $1,566.82/oz Pd. Equation used: Copper Equivalent = Cu (%) + (Ni (%) x 1.54) + (Pt (g/t) x 0.45) + (Pd (g/t) x 0.37). There is a reasonable assumption that recoveries will be 80% or more for all commodities, consistent with comparable peers, and all Cu equivalent numbers were multiplied by this factor. A search for metal recoveries was conducted for the main Ni-Cu deposits and recoveries are usually higher than 80% for Ni and Cu. Only copper equivalence values calculated above 0.4% are shown on the figure. Announcement • Feb 28
CUPANI Metals Corporation Announces Discovery of Two New Mineralized Zones at Blue Lake Project CUPANI Metals Corporation announced that all assay results from 2025's mapping and prospecting program on its 100%-owned Blue Lake Property (the Property) are received. The results support the newly outlined anomalous sectors discovered last year and confirm the potential of the new geological interpretation. Highlights of the 2025 Fieldwork: 457 grab samples were collected, primarily from outcrop and felsenmeers (in-situ angular blocks formed by freezing-thawing cycles, representing the underlying outcrop). Discovery of two new mineralised zones: North Retty and Retty Lake Northwest: Several sectors assayed between 0.4 and 0.83% Cu eq, the same range of values obtained from the surface sampling over the known Cu-Ni-PGE deposits. The observation of net textured sulphides and sulphides blebs in several areas may indicate the proximity of Cu-Ni-PGE mineralisation; Extension of the surface expression of the Blue Lake mineralized area to the South and the South-East. All surface mineralized occurrences correspond to combined magnetic and electromagnetic anomalies. North Retty North of the Retty Lake Camp, two ultramafic felsenmeer blocks were discovered at the northern edge of an interpreted ultramafic sequence. Both blocks exhibited net textured sulphides, and one had a few small chalcopyrite-rich blebs. Assay results are 0.55% and 0.52% Cu eq. A third very rusty block, located 2 km to the south-east, along the same ultramafic unit, graded 0.45% Cu equivalent. Historical drill hole A-27, 350 meters north-west from the blocks, intersected: 0.6% Cu, 0.56% Ni and 0.3% Zn over 0.7 m and 0.25% Cu, 0.24% Ni over 1.04 m. New Geological Interpretation: High-Potential Corridor: The new geological interpretation at Blue Lake identifies a series of ultramafic subvolcanic conduits exhibiting columnar jointing and containing net-textured sulfides and/or sulfides on surface. This newly defined high-potential corridor is the primary focus of CUPani's exploration efforts this year. A 3,000-4,000 meters drill program will start the first week of March 2026. The historical estimates were performed with a rectangular polygonal technique; the drilling pattern was 60X60m; the cut-off was 1.5m of 1% combined Cu + Ni with a specific gravity of 4.6 A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves, and Cupani Metals is not treating the historical estimate as current mineral Resources or mineral reserves. More work will be required in the form of drilling to verify the historical resource estimate. The company are also currently searching for the original logs and analytical certificates from 1987--East. The company is currently searching for the original logs, and the company is currently searching for the initial logs and analytical certificates from 1987 - 1987-East. The company is looking for the original logs and analytical certificate from 1987-East. The company has not done sufficient work to classification the historical estimate as current mineral resource estimate. The company is not treating the historical estimate of the company's exploration efforts this year. The company are also currently looking for the original logs and analytic certificates from 1987-East. Announcement • Feb 13
Cupani Metals Corp. Announces Its Winter Drilling Campaign Has Beated Mobilization CUPANI Metals Corp. announced its winter drilling campaign has begun mobilization. Mobilization of machinery and supplies for Cupani's winter exploration drilling campaign has begun. The campaign seeks mineralization of copper, nickel and platinum group elements. The first loads of heavy equipment left Sept-Iles for Schefferville by train earlier this week. Provisions of fuel and food have already reached Schefferville. Helicopter services for the campaign have been contracted from Innukopteres Inc. whose main shareholder is the Innukopteres Inc.'s main shareholder is the InnUKopteres Inc. is an entirely Aboriginal company that began operations in 2010 and whose mission is to provide its customers with safe and high-quality helicopter transportation services. Innukopteres Inc., will supply a Eurocopter AS350 B3 helicopter from Sept-Iles. The exploration drilling contract has been awarded to Vital Drilling Services. Vital Drilling Services drilled at Blue Lake in 2015 and therefore is familiar with the logistics, lithology and mineralization of the region. Drilling is expected to occur near the historical mineralization of copper nickel and platinum group elements. Drilling will be from surface. It is expected that drilling depths will average 200 metres and expected that circa 15 holes will be drilled into various targets chosen based on recent geological interpretations from geophysics, surface samples and detailed mapping. Contractors, staff, drillers and geologists will be accommodated at Cupani's exploration campsite on the shore of Retty Lake. The site is permitted from the Quebec government under conditions that include environmental stewardship. Permits for exploration drilling are in place. Retty Lake camp and the exploration site are bothcirca 65 kilometres from the town of Schefferville which hosts and airport, railway, hotels and other infrastructures. Announcement • Nov 20
Cupani Metals Corp. announced that it expects to receive CAD 5 million in funding Cupani Metals Corp announced a non-brokered private placement to issue 17,142,857 flow through units at a price of CAD 0.175 per FT unit for aggregate proceeds of CAD 2,999,999.975, 2,040,816 charity flow-through units at a price of CAD 0.245 per Charity FT Unit for aggregate proceeds of CAD 499,999.92 and 9,375,000 hard cash units at a price of CAD 0.16 per HC unit for aggregate proceeds of CAD 1,500,000, total gross proceeds amounting to CAD 4,999,999.895 on November 20, 2025. Each Charity FT Unit and FT Unit will consist of one common share (FT Share) and one half of one common share purchase warrant, each Warrant exercisable at CAD 0.3 at any time prior to the day that is 24 months from the closing date, subject to the terms and provisions of an acceleration clause. The FT Share and one-half Warrant comprising the Charity FT Units and FT Units will qualify as a "flow-through share" for purposes of the Income Tax Act(Canada). Each HC Unit will consist of one common share of the Company and one half of one Warrant. The securities issued pursuant to the Offering are subject to resale restrictions, including a hold period of four months and one day from the date of issuance, in accordance with applicable Canadian securities laws. Announcement • Nov 13
Cupani Metals Corporation Provides Update on Winter 2026 Drilling Expedition Cupani Metals Corp. provided an update. In Mid-November the geology team will travel to Chicoutimi Quebec for the purpose of examining historic drill core from LaFosse Platinum and Rockland. This is an important first step in understanding the mineralised lens, taking their geophysical measurements and help to gain a better interpretation of the current geophysical surveys, plan the future ground surveys and subsequent drilling. Cupani has begun the project tender process for drilling, core logging, logistics and fuel. Logistics for the 2026 winter campaign will be split between helicopter, possibly plane on skids, overland tracked vehicles, and a AT44 truck. Overland routes will follow trails opened during February 2025 by a snowmobile expedition, itself based on winter roads made during the 1980s. Announcement • Nov 04
Cupani Metals Corp. Announces Resignation of Professor Kim Hein from as Director, Effective After AGM held on October 31, 2025 Cupani Metals Corp. announced that annual general meeting was held on October 31, 2025. Effective after the Meeting, Professor Kim Hein resigned from her role as a Director of the Company. Professor Hein joined the board of directors during a period of change in March 2025. With her limited availability, and stability now achieved at the Company, it is an appropriate time for Professor Hein's departure. Announcement • Sep 08
Cupani Metals Corp., Annual General Meeting, Oct 31, 2025 Cupani Metals Corp., Annual General Meeting, Oct 31, 2025. Announcement • Jul 25
CUPANI Metals Corporation Announces 2025 Fieldwork Program on its Copper-Nickel-PGE Blue Lake Project in the Southern Part of the Labrador Trough in Quebec CUPANI Metals Corporation announced its 2025 fieldwork program on its Copper-Nickel-PGE Blue Lake project in the southern part of the Labrador Trough in Quebec. Field work began in late June. The project contains several magmatic Cu-Ni-PGE deposits and occurrences in the form of disseminations in peridotite and pyroxenite, as well as remobilized massive sulphide lenses at the contact of metasediments and overlying ultramafics. The field team is made up of members of CUPANI with support from Kintavar Exploration Inc. The Retty camp, located at the center of the property, is used as the base camp for the season. CUPANI contracted Expert Geophysics Surveys Inc. to conduct a heliborne magnetic-electromagnetic survey (TDEM). The survey will cover most of the main claim block comprising the historical showings and the Blue Lake zone deposits to extend and update the coverage of the 2010-2011 surveys. This new survey will provide high quality data on a day-to-day basis to the field crew for target verification and subsequently for geophysical modelling in preparation of next winter's drilling. The survey is planned for 5313 line-km and covers claims recently added to the Extensions Zone. Expert Geophysics Surveys Inc. are currently onsite having started the survey on July 17. Several new similar targets were identified from the 2024 ground gravity survey over the Blue Lake zone. Rusty outcrops and mineralization is observed over more than 25 kilometres strike length in the Anticline Lake zone. In 2024, grab samples taken from the historical showings and along their extensions yielded values between 0.1 and 0.3% Ni and 0.5 g/t PGEs. The results in copperequencies range up to 1.1% Cu-Equi. Being less explored and drilled than the Blue Lake zone, the Anticline Lake zone has good potential of finding enriched massive sulphides lenses. The mineralized rocks in the Cancun zone are mostly hidden under soil and vegetation cover of less than 1 meter depth. Local small manmade trenches were dug to expose and sample the bedrock mineralization. Copper mineralization was identified in massive to semi-massive sulphides and traced for over more than 9 kilometres along strike. The mineralisation is coincident with electromagnetic anomalies along the southern fold hinge. Cancun zone grab samples yielded values between 0. 1 and 0.6% Cu-Equi., with one sample up to 1% Cu. Additionally, a grab sample taken on the eastern limb of the fold returned a gold value of 1.93 g/t Au, which needs further investigation. Moreover, where a NE trending regional fault crosscuts the Cancun fold mineralization was identified over 150-metre strike length. This returned the highest copper value of the 2024 program, namely 0.9% Cu from one sample. That find is coincident with an electromagnetic anomaly in the area where several anomalies are yet to be investigated. Doublett Au is coincident with electromagnetic anomalies in the area where several anomalies is yet to be investigated. doublet samples were analyzed. Announcement • Jul 23
Cupani Metals Corp. announced that it has received CAD 4.589854 million in funding On July 22, 2025, Cupani Metals Corp. closed the transaction. The company issued 4,000,000 flow-through units at CAD 0.175 per FT Unit for gross proceeds of CAD 700,000 and 597,131 hard dollar units at an issue price of CAD 0.16 per HD Unit for gross proceeds of CAD 95,540.96; aggregate gross proceeds of CAD 795,540.96 in third tranche. Announcement • Jul 09
Cupani Metals Corporation Appoints Danielle Giovenazzo as an Independent Director CUPANI Metals Corporation announced that Danielle Giovenazzo Ph.D, P.Geo, has joined the company as an independent director. Cupani's existing staff and directors are delighted to have earned the interest of such qualified and experienced personnel. Based in Montreal, Dr. Giovenazzo has over 35 years' experience in exploration, notably in project generation and management for Ni, Cu and PGE's and Gold projects. Dr. Giovenazzo has considerable expertise in mineral exploration in the province of Quebec, Canada and internationally with a range of companies that include 16 years for Falconbridge and Xstrata nickel where she worked partly on regional and brownfields exploration in the Raglan Belt property and deposits (now owned and operated by Glencore) in Quebec. She has also been involved with various companies in Argentina, Brazil, Finland and West Africa for Ni-Cu and PGE exploration. More recently she was Vice president exploration of Benz Mining. Furthermore, Dr Giovenazzo spent 4 years as an external director for Quebec's exploration entity SOQUEM INC. Since leaving SOQUEM Danielle has been an external director for Wallbridge Mining Company Limited. She is a Member of the Professional Order of Geologist in Quebec (OGQ) and served OGQ variously as President and Administrator from 2015 through 2021. Her experiences will help forward Cupani's corporate agenda on several fronts. Danielle has been aware of the Blue Lake project and various other copper nickel projects in the Labrador Trough. Her interest in Blue Lake's potential comes from applying modern exploration and geophysical techniques in an interesting area not systematically explored for decades. Danielle will visit Cupani's property and exploration operations during August 2025. Announcement • May 17
Cupani Metals Corp. announced that it expects to receive CAD 4 million in funding Cupani Metals Corp announced a non-brokered private placement to issue flow through units at a price of CAD 0.175 per flow through unit, charity flow through units at a price of CAD 0.245 per charity flow through unit and hard dollar units at a price of CAD 0.16 for total aggregate gross proceeds of CAD 4,000,000 on May 16, 2025. Each flow through unit will consist of one common share and one half of one common share purchase warrant, each charity flow through unit will consist of one common share and one half of one common share purchase warrant, each hard dollar unit will consist of one common share of the company and one half of one warrant. Each warrant is exercisable to acquire one non-flow through common share of the company at CAD 0.3 per share. The transaction is expected to close on or about June 12, 2025. The transaction is subject to regulatory approvals including the approval of the Canadian Securities Exchange. All offered units issued in connection with the offering are subject to a hold period of four months and one day following the closing date. Announcement • Mar 28
Cupani Metals Corporation Updates Shareholders Regarding the Preparations in Advance of 2025 Exploration Season CUPANI Metals Corporation updates shareholders regarding the preparations in advance of 2025 exploration season. 2025 fieldwork will consist mainly of heliborne exploration programs including geological, geochemical and geophysical surveys, as well as the drilling and possibly trenching programs. The company has entered into contract with Kintavar Exploration Inc. for additional staff and for camp operations. Several drilling contractors have been contacted of whom four have submitted bids based upon 4,000 meters initial phase drilling. Concerning the permit applications required for the upcoming fieldwork, Cupani received last week the approval from the Kativik Regional Government (KRG) for its planned 2025-2026 fieldwork program inclusive of trenching and drilling. This authorization is part of Quebec's ATI permit process, which is currently in the consultation phase with local communities, including the Naskapi Nation. A meeting between Cupani and the Naskapi representatives occurred in early February as part of the ATI process, in which the planned work was reviewed by all parties. An application for the forest intervention permit was submitted weeks ago. The ATI and forest intervention permits are expected to be issued in the upcoming weeks. The permits for additional exploration camp sites are also being reviewed by the government, including an application for the lease to acquire the Retty camp. The exploration work assessment report of 2024 has been completed along with compilation of all historical data available to the company this winter. Past work has been summarized and updated to 2024, which allows the readers an accurate overview of the Blue Lake project. This report will be filed shortly to the MRNF and will be available on SIGEOM and on Cupani's website in the next weeks. Announcement • Mar 27
Cupani Metals Corp. Announces Board Changes CUPANI Metals Corporation announced passing away of Mr. Douglas MacQuarrie, a valued member of board of directors of the Company. Mr. MacQuarrie was an experienced and successful exploration geologist, director and business executive. Following his graduation from the University of British Columbia in 1975, Mr. MacQuarrie served as an exploration geologist, a profession which channeled his passions since age 17, building several companies, including PMI Gold, Goknet Mining, Asante Gold and Cupani Metals. He passed while surrounded by family and his departure stole humour and wisdom from longtime friends worldwide, especially those in Whistler and Ghana. His contributions and knowledge will be missed by the entire team at CUPANI, and the company extend deepest condolences to his family. With immediate effect, Mr. MacQuarrie's exploration and geologic management contributions to the Company will be performed by his long-term consulting collaborator Kim A.A. Hein, BSc.(Hons), PhD. Kim has agreed to serve as independent director of the Company. Kim has greater than 35 years of experience in the fields of minerals exploration and mining, research and development, management, and geoscience education. She has specialised in applied structural geology as relevant to mineral exploration and mining. Kim is a graduate of the University of Adelaide (Australia) with a Bachelor of Science (Hons) in Economic Geology and was the 1989 recipient of the Ralph Tate Medal for Geology, the 1989 Homestake Prize for Economic Geology. She gained a PhD from the University of Tasmania (Australia) in 1995. A more comprehensive biography is linked here. Announcement • Feb 15
Cupani Metals Corporation Announces Certain Recent Activity Cupani Metals Corporation announced certain recent activity. A six-person recognisable expedition in advance of drill equipment deployment has begun. The expedition will not use airplanes or helicopters. Instead, travel will be accomplished by snowmobile. Stage one departs from Labrador City on 16 February, 2025 for Schefferville. Stage two will sally and probe from Schefferville toward the Retty Lake camp site beginning 18 February, 2025. It is anticipated the expedition will reach and activate the camp for overnight use by 22 February, 2025. The following week will be dedicated to confirming ground transport routes across the 500 square kilometres of exploration lands. Other duties include A) using ground penetration radar tied to gps which maps ice thickness that in turn calculates tonnage limits over ice roads. eyewitness selection of exploration camp sites in Cancun and Blue Lake zones. selection of wind turbine locations for deployment of zero carbon microgrids in 2025 exploration activities. make depth soundings of Lake Attikamagen to assess water depth and navigation for possible marine supply of exploration. Simultaneous to the expedition, geologists are working with geophysicists on further gravimetric modelling and drill hole targeting at the Blue Lake zone. 2024 gravimetric work revealed gravity anomalies nearby historically known copper and nickel. The next iteration of geophysics work will constrain the 2024 gravimetric data results via the addition and incorporation of historical drillhole logs, specific gravity measurements, electromagnetic data, and cross section mappings. The iteration will focus on the Pogo discovery since that location is the confluence of historical drillholes nearby a newly discovered 2024 gravimetric anomaly. Drilling on the anomaly is expected to commence once the ATI and drill permits are in hand. Applications have been submitted for drilling at both the Blue Lake and Cancun zones. Data from drilling will then be incorporated to update the geologic model.