Copper Quest Exploration Inc. Completes Full Acquisition of the Kitimat Copper‑Gold Project

Copper Quest Exploration Inc. (CSE: CQX; OTCQB: IMIMF; FRA: 3MX) announced on January 5, 2026 that it has exercised its option to acquire an undivided 100 % interest in the Kitimat Copper‑Gold Project, located approximately 10 kilometers northwest of the deep‑water port community of Kitimat, British Columbia. The transaction follows the company’s October 30, 2025 press release in which it disclosed the option agreement with Bernie Kreft, signed on October 29, 2025.

Project Overview

The Kitimat Copper‑Gold Project spans roughly 2,954 hectares within the Skeena Mining Division of northwestern British Columbia. The property is fully accessible throughout the year via a network of logging and mineral‑exploration roads that extend north from Kitimat, ensuring reliable logistics for future development.

The site benefits from a cluster of strategic infrastructure assets: it lies within 10 km of tidewater, 1.5 km of a rail line, and 6 km from high‑voltage hydroelectric transmission lines. These proximity advantages are expected to reduce capital and operating expenditures for any subsequent mining operation.

Geologically, the project resides in the Stikine Terrane, a prolific belt that hosts numerous porphyry copper‑gold systems. The terrane is underlain by Late Triassic volcanic rocks intruded by Jurassic diorite and granodiorite bodies of the Coast Plutonic Complex. The principal target area is the Jeannette Cu‑Au Zone, where early exploration work has identified promising copper‑gold mineralization.

Strategic Significance

By securing full ownership of the Kitimat project, Copper Quest positions itself to pursue a comprehensive exploration and development program without the constraints that joint‑venture arrangements sometimes impose. The company’s management has indicated that the project’s proximity to existing infrastructure will enable a more rapid transition from exploration to production, should resource estimates prove commercially viable.

Market Context

Copper Quest trades on the Canadian National Stock Exchange (CSE) and has a market capitalization of approximately 11.22 million CAD. As of January 4, 2026, the closing share price stood at CAD 0.13, with a 52‑week high of CAD 0.21 and a low of CAD 0.065. The company’s price‑earnings ratio is currently negative at –2.13, reflecting the exploratory nature of its operations and the absence of significant earnings to date.

Outlook

The company will now focus on detailed drilling campaigns and resource definition to ascertain the economic potential of the Kitimat Copper‑Gold Project. Success in these efforts could establish Copper Quest as a leading player in the British Columbia porphyry copper‑gold sector, leveraging its strategic location and access to critical infrastructure.

This article summarizes publicly available information and does not constitute investment advice.