02:53 PM EDT, 08/28/2025 (MT Newswires) -- Coast Copper ( COCCF ) shares were edging up on Thursday afternoon on resumption of trade after the company announced that it has entered into an asset purchase agreement with Hi-View Resources Inc. ( HVWRF ) .

Trading in COCO was halted at 9.44am ET today pending the news, and resumed at 13.51pm ET.

Under the agreement, Hi-View will acquire a 100% interest in Coast Copper's ( COCCF ) Borealis property located in the Toodoggone District in northcentral BC. In consideration, Hi-View will pay Coast Copper ( COCCF ) $500,000 in cash, issue 3.5 million Hi-View common shares to Coast Copper ( COCCF ) at a deemed price of $0.25 per consideration share, and grant Coast Copper ( COCCF ) a bonus payment under certain conditions. Coast Copper ( COCCF ) will also retain a 3% net smelter return royalty subject to buyout provisions.

Adam Travis, CEO, said: "With the recent AuRORA discovery made by Amarc Resources Ltd. ( AXREF ) and Freeport-McMoRan Mineral Properties Canada Inc, the Toodoggone District has become one of the hottest exploration regions in Canada. The sale of one of our Toodoggone properties to Hi-View validates our strategy of acquiring underappreciated exploration properties throughout BC while we advance our core projects.

Travis added: "Borealis is highly prospective for porphyry copper-gold, polymetallic and skarn targets and we are extremely excited to be able to participate in the upside of the district by becoming the largest shareholder of Hi-View as well as retaining a NSR royalty and potentially receiving a transaction bonus," said Coast Copper ( COCCF ) Chief Executive Adam Travis. "We are committed to completing the first phase of exploration in September.....such that Hi-View will be in a position to quickly move towards ground geophysical surveys to expand and better define historical Induced Polarization geophysical anomalies prior to drill testing."

COCO shares were last seen up $0.0050 at $0.065 on the TSX Venture Exchange.

Price: 0.07, Change: +0.01, Percent Change: +8.33