01:48 PM EDT, 08/13/2025 (MT Newswires) -- Cascadia Minerals ( CAMNF ) on Wednesday said it completed its acquisition of Granite Copper (GCX.V) share to form a Yukon copper and gold explorer.

Under the terms of the acquisition, Granite Creek shareholders will receive 0.25 shares of Cascadia for each share held. Cascadia will issue a total of 53.07-million shares to former Granite Creek shareholders.

According to the transaction, previously outstanding stock options of Granite Creek have been exchanged for 3.75-million stock options of Cascadia, and Granite Creek warrants have been adjusted to permit their holders to acquire a total of 11.04-million Cascadia shares.

"The combined property portfolio provides our shareholders with exposure to an advanced-stage copper-gold deposit at the Carmacks Property and a compelling collection of discovery-stage copper-gold and epithermal gold projects throughout Yukon's underexplored Stikine Terrane," Cascadia chief executive Graham Downs said.

Cascadia shares were last seen unchanged at $0.15 on the TSX Venture Exchange while Granite Creek was unchanged at $0.035.