AXO Copper Corp. has entered into an agreement with underwriters to purchase 50,000,000 units at $0.70 per unit, totaling $35,000,000. Each unit includes one common share and one-half of one warrant. The underwriters have an option to purchase an additional 15% of the offering, potentially raising $40,250,000 in gross proceeds. The company plans to use the net proceeds for exploration and general working capital. The offering is expected to close on February 19, 2026, subject to certain conditions and approvals. Interested parties can access the short form prospectus on SEDAR+ and through Desjardins Capital Markets.

Read more at GlobeNewswire: AXO Copper Corp. Announces Upsize of Previously Announced