Capstone Copper Announces Sale of Cozamin

• Capstone Copper Corp. to sell Cozamin mine for up to $385 million
• Deal includes $275 million upfront cash, $15 million in shares, and $35 million deferred
• Transaction expected to close in Q4 2026

Capstone Copper Corp. (TSX:CS) (ASX:CSC) has announced the sale of its Cozamin copper-silver-zinc-lead mine in Zacatecas, Mexico, to Luca Mining Corp. for up to $385 million. The transaction includes $275 million in upfront cash, $15 million in Luca shares, $35 million in deferred consideration, and up to $60 million in contingent cash consideration based on annual copper prices. The deal is expected to close in Q4 2026, subject to customary conditions and regulatory approvals. The sale aims to strengthen Capstone's balance sheet and provide financial flexibility for growth projects.

Capstone plans to use the net proceeds from the sale to support its growth pipeline and redeploy capital into high-return projects. The company believes the sale will optimize its portfolio and strengthen its balance sheet.