Toronto, Ontario--(Newsfile Corp. - January 30, 2024) - Canadian Copper Inc. (CSE: CCI) ("Canadian Copper" or the "Company") is pleased to announce that it has entered into a one third of production offtake agreement ("Offtake Agreement") for copper concentrates from the Murray Brook deposit ("MB") and an unsecured Credit Facility ("the Credit Facility") of up to US$1.5 million (C$2.01 million)1 with Ocean Partners UK Ltd. ("Ocean Partners").

Simon Quick, CEO of Canadian Copper, said, "First and foremost, we welcome Ocean Partners as a strategic shareholder to Canadian Copper. Ocean Partners bring in-depth technical expertise in asset evaluations and extensive knowledge of the base metal commodity market, both of which will prove invaluable to us. This new relationship between Ocean Partners and Canadian Copper is a strong endorsement of the advanced Murray Brook deposit and its unique position located less than 10 km from a fully constructed processing plant in need of a partner with ore feed."

Brent Omland, co-CEO of Ocean Partners, said, "We recognize the strategic rationale and regional consolidation opportunity here between the Murray Brook deposit and its proximity to a nearby milling facility on care and maintenance. Murray Brook benefits from extensive existing infrastructure combined with local and provincial government support which should reduce capital and execution risk." see & read more on https://www.newsfilecorp.com/release/196083/