Cascadia Minerals and Granite Creek Copper Announce Merger Deal to Strengthen Copper-Gold Exploration in Yukon

Cascadia Minerals and Granite Creek Copper Form Strategic Merger

Cascadia Minerals and Granite Creek Copper have entered a major all-stock merger agreement. The goal is to create a powerful exploration entity focused on copper and gold in Yukon, Canada. The merger will combine both companies’ expertise and assets. The new entity will benefit from Granite Creek’s Carmacks Project and Cascadia’s Catch Property.

Under the agreement, Cascadia will acquire all outstanding shares of Granite Creek. Each Granite Creek share will be exchanged for 0.25 Cascadia shares. This reflects a 48% premium over Granite Creek’s recent average trading price. The deal is set to be completed by July 2025. This merger positions the combined company to make a significant impact in the growing copper and gold markets.

Benefits of the Merger for Both Companies

Granite Creek’s Carmacks Project is a key asset. It holds substantial resources, including 651 million pounds of copper and 302,000 ounces of gold. The project also has strong economic potential, with a post-tax NPV of C$230.5 million ($168.3 million) and an IRR of 29%. Cascadia’s Catch Property has also shown promising exploration results.

Cascadia plans to expand the Carmacks resource base through additional drilling in late 2025. The drilling will target areas near previous promising results. Granite Creek shareholders will also benefit from Cascadia’s ongoing exploration at the Catch Property. This includes testing high-grade epithermal gold zones and large copper-gold porphyry mineralization.

SuperMetalPrice Commentary:

The merger comes at a time when copper and gold prices are rising. This deal strengthens both companies’ positions in the growing metals market. It also positions the new entity to capitalize on the rising demand for copper and gold, especially for renewable energy and electric vehicle production. With expanded resources and drilling capabilities, the merged company has strong growth potential. Investors should keep an eye on this deal, as it may unlock significant value in the coming years.