Copper One Resources Corp. has strengthened its position in the growing critical minerals sector by completing the acquisition of the Redonda Copper Property, a prospective copper asset located in British Columbia’s renowned mining region. The transaction marks another step in the company’s strategy to build a diversified portfolio of high-potential copper, silver, and gold projects that can benefit from the accelerating global demand for metals essential to electrification and clean energy infrastructure.
The acquisition provides Copper One with full ownership of the Redonda Copper Property and reinforces its focus on securing strategic mineral assets in stable mining jurisdictions across North America.
Copper One Secures Full Ownership of Redonda Copper Property
Under the terms of a property purchase agreement signed on April 30, 2026, Copper One acquired a 100% legal and beneficial interest in nine mineral claims collectively known as the Redonda Copper Property.
The project is situated northeast of Campbell River within British Columbia’s Vancouver Mining Division, a region recognized for its long mining history and strong exploration potential.
Following the completion of the transaction, all mineral titles associated with the property were officially transferred to Copper One on May 11, 2026, giving the company full control over future exploration and development activities. The acquisition enhances Copper One’s exposure to the copper sector at a time when global demand for the metal continues to rise due to expanding investments in electric vehicles, renewable energy systems, and modern power grid infrastructure.
Details of the Acquisition Agreement
As part of the transaction, Uranium One Mining Corp. transferred its entire ownership interest in the Redonda Copper Property to Copper One.
The acquired interest is free from encumbrances except for a 3% net smelter return (NSR) royalty held by Homegold Resources Ltd., which will become payable upon the commencement of commercial production. Copper One has assumed all obligations associated with this royalty agreement.
In exchange for the property, Copper One paid C$1.1 million in cash to Uranium One. All conditions required to finalize the transaction were successfully completed, including the settlement of outstanding obligations related to the property, the execution of transfer documentation, regulatory approvals, and the fulfillment of contractual commitments by both parties.
The successful completion of these requirements enabled the seamless transfer of ownership and secured Copper One’s position as the sole owner of the Redonda asset.
Related-Party Transaction Structured Under Regulatory Exemptions
The acquisition qualifies as a related-party transaction under Canadian securities regulations because David Greenway serves as both a director and officer of Uranium One Mining Corp. and Copper One Resources Corp. The companies relied on available exemptions under Multilateral Instrument 61-101 (MI 61-101), which governs the protection of minority security holders during special transactions.
Because the cash consideration represented less than 25% of the market capitalization of either company, the transaction qualified for exemptions from formal valuation requirements and minority shareholder approval provisions. The structure allowed the acquisition to proceed efficiently while remaining compliant with applicable regulatory requirements.
Growing Importance of Copper in the Global Energy Transition
The acquisition comes at a time when copper has become one of the world’s most strategically important commodities. As governments and industries accelerate efforts to decarbonize economies and expand electrification, demand for copper is expected to grow significantly. The metal plays a critical role in the production of electric vehicles, charging infrastructure, renewable energy installations, battery storage systems, and modern electricity networks.
Industry forecasts continue to highlight the risk of future copper supply deficits as demand growth outpaces the development of new mining projects. This environment has increased competition for quality copper assets, particularly in politically stable jurisdictions such as Canada and the United States. By securing the Redonda Copper Property, Copper One is positioning itself to participate in a market increasingly driven by long-term structural demand for critical metals.
Uranium One Continues Focus on Uranium and Battery Metals
While divesting the Redonda asset, Uranium One Mining Corp. remains focused on expanding its portfolio of uranium and selected battery metals projects. The company maintains exploration and development activities across Canada, Paraguay, and Argentina, targeting commodities expected to benefit from rising global demand for nuclear energy and secure energy supply chains.
Its project portfolio includes the Quark Uranium Project, the Yuty Prometeo Uranium Project, and the Nucleon Uranium Project, all of which offer exploration upside and resource growth potential. Uranium One continues to emphasize responsible exploration, disciplined capital management, and long-term value creation through the advancement of strategic energy-related assets.
Copper One Advances Its Critical Metals Strategy
For Copper One, the Redonda acquisition complements an existing portfolio centered on metals required for the global clean-energy transition. The company’s flagship asset remains the Majuba Hill Copper, Silver, and Gold District in Nevada, one of the most actively advanced exploration projects within its portfolio.
Located approximately 251 kilometers from Reno, Majuba Hill benefits from strong infrastructure, a mining-friendly regulatory environment, and access to skilled labor and transportation networks. Copper One is actively pursuing exploration and resource expansion through systematic drilling programs and ongoing technical evaluations. By combining the Nevada project with the newly acquired Redonda Copper Property, the company aims to build a stronger pipeline of development opportunities across North America.
British Columbia Remains a Key Exploration Destination
The addition of the Redonda Copper Property further highlights the continued attractiveness of British Columbia as a destination for mineral exploration investment.
The province hosts numerous world-class deposits of copper, gold, silver, and other critical minerals, supported by a mature mining sector, established infrastructure, and favorable geological conditions.
As the demand for strategic metals increases, British Columbia is expected to remain a major focus for exploration companies seeking new discoveries and long-term development opportunities.
The Redonda project offers Copper One exposure to this highly prospective mining region while providing potential upside from future exploration success.
Positioning for Long-Term Growth in Critical Metals
The completion of the Redonda acquisition represents more than a simple property transaction. It reflects the broader race among mining companies to secure assets capable of supplying the metals needed for the next generation of energy and technology infrastructure.
With global investments accelerating in electrification, renewable energy, and advanced manufacturing, demand for copper, silver, and gold is expected to remain strong for years to come.
By expanding its asset base in North America and focusing on strategically important commodities, Copper One is positioning itself to benefit from long-term trends shaping the future of the global mining industry.
The acquisition of the Redonda Copper Property strengthens the company’s exploration portfolio and reinforces its commitment to advancing projects that can support the growing demand for critical minerals in the decades ahead.
