Gunnison Copper (TSX:GCU) has entered into an agreement with Canaccord Genuity on a bought-deal basis for C$30 million ($30.4 million).
The funds will be used to advance the company’s namesake Gunnison Copper Project in Arizona.
Under the bought-deal offering, Canaccord Genuity will act as the sole bookrunner on behalf of a syndicate of underwriters. The company will issue around 71.43 million shares at C$0.42 per share.
The offering is expected to close on or about 3 June 2026.
This news comes after Gunnison Copper received approval under the Arizona Commerce Authority’s Qualified Facility Tax Credit (QFTC) Program for its operations in the US, resulting in non-dilutive refundable tax credit funding.
The QFTC Program is designed to support capital investment and create high-quality jobs in Arizona through refundable state income tax credits tied to qualifying investments and net new full-time employment.
Gunnison Copper says receiving the approval reinforces its alignment with US domestic critical mineral properties through the manufacturing of copper cathode.
Gunnison Copper is a multi-asset pure-play copper developer and producer that controls the Cochise Mining District.
Write to Aaliyah Rogan at Mining.com.au
Images: Gunnison Copper
