World Copper Ltd. ($WCU) has announced that it has entered into a definitive property option agreement, dated February 24, 2026, with a private vendor, granting the company an exclusive option to acquire a 100% interest in the mineral claims of the Brassie Creek Project located in the Kamloops mining division, British Columbia. This project covers an area of approximately 1,861 hectares and is situated about 50 km west of Kamloops.
The Brassie Creek Project is notable for its porphyry-skarn copper and gold mineralization. It lies in proximity to significant mining operations, being 20 km north of Teck Resources Limited's Highland Valley Mine, and 30 km west of New Gold Inc.'s New Afton Mine. It is important to note that World Copper has no interest in these neighboring properties and that their mineral deposits do not imply any potential for World Copper's Brassie Creek Project.
Access to the Brassie Creek Project is available year-round via Highway 1 and a network of forest service roads. The historical exploration data, while documented, has yet to be verified by a qualified person.
Under the terms of the Property Option Agreement, World Copper must issue 900,000 common shares, make cash payments totaling $440,000, and incur $750,000 in exploration expenditures to fully exercise the option. The agreement provides flexibility, allowing the Company to expedite these payments and expenditures at its discretion. Additionally, any excess expenditures incurred can be credited towards future requirements.
Upon exercising the option, the vendor will retain a 2% net smelter returns royalty. Of this, 50% can be repurchased for $1.5 million, and the Company will have the right of first refusal should the vendor wish to sell or transfer the royalty.
The Company also reported the resignation of Hendrik van Alphen as Chairman and Director. The board expresses gratitude for his contributions and wishes him success in his future endeavors.
Cathy Fitzgerald, a Qualified Person under National Instrument 43-101, has reviewed and approved the technical information in this release. World Copper Ltd., headquartered in Vancouver, BC, is focused on resource development.
Further details can be found on World Copper's website at worldcopperltd.com or on Inside Ticker at insideticker.com.