08:50 AM EDT, 07/16/2025 (MT Newswires) -- NorthWest Copper ( NWCCF ) on Wednesday said it will raise up to $2.5 million in a non-brokered private placement of flow-through units with proceeds slated to fund the Kwanika Central Area in British Columbia and to drill test the near-surface Transfer target.

The company will sell up to 11.1 million flow-through units at $0.225 each. Each FT unit will be made up of one flow through common share and one half of a common share purchase warrant. Each warrant allows the holder to buy one common share at $0.34 per warrant for a period of 24 months following closing of the offering, which is expected on or about Aug. 1.

"This financing is an important step for the Company as it provides the funding necessary to execute on a planned drill program for 2025 at its core property, Kwanika," said NorthWest Copper ( NWCCF ) Chief Executive Paul Olmsted. "This financing will allow the Company to improve its understanding of Kwanika, complete metallurgical test work to improve gold recoveries and move forward on its plans to deliver an updated Preliminary Economic Assessment in the first half of 2026."