Arizona Sonoran Copper Company

Canaccord Genuity Acted as Lead Underwriter & Sole Bookrunner to Arizona Sonoran Copper Company Inc. on its C$86 Million Bought Deal Private Placement

Canaccord Genuity is pleased to announce that on December 2, 2025, its client, Arizona Sonoran Copper Company Inc. (“ASCU”, or the “Company”) (TSX: ASCU) (OTCPK:ASCU.F) closed its previously announced “bought deal” private placement consisting of 25,746,300 common shares of the Company (the “Common Shares”) at a price of C$3.35 per Common Share (the “Offering Price”), for aggregate gross proceeds of C$86,250,105 (the “Offering”).

Canaccord Genuity acted as lead underwriter and sole bookrunner to ASCU.

The Company intends to use the net proceeds from the Offering for early development activities at the Company's Cactus project, as well as for working capital and general corporate purposes

ASCU is a copper developer focused on advancing the past-producing Cactus (formerly Sacaton) mine in Pinal County, Arizona, which is situated on private land in an infrastructure-rich area of Arizona. Contiguous to the Cactus project is the Company’s 100%-owned Parks/Salyer deposit that could allow for a phased expansion of the Cactus project once it becomes a producing asset. The Company is led by an executive management team and Board which have a long-standing track record of successful project delivery in North America complemented by global capital markets expertise.