07:33 AM EDT, 07/11/2025 (MT Newswires) -- Gunnison Copper ( GCUMF ) on Friday said it increased the size of its previously announced non-brokered private placement to up to $8.7 million from $5 million.

The company will sell around 29.1 million units of at a price of $0.30 each. Each unit will be made up of one common share of the company and one three-year common share purchase warrant to buy one common share for $0.45.

The company plans to use the net proceeds from the offering to fund additional and follow on work related to the High Value Add Work Program at the Gunnison Copper Project, begin long lead time drilling and metallurgical testing that will be incorporated in a pre-feasibility study for the Gunnison Copper Project, as well as fund US head office general and administrative expenses for an additional 12 months from April 2026 to March 2027.

The offering is expected to close on July 17 and is subject to receipt of all necessary regulatory approvals.