Cascadia Acquires Granite Creek to Form Yukon Copper-Gold Company

Canadian junior mining companies Cascadia Minerals and Granite Creek Copper have agreed to merge, creating a new copper-gold exploration and development company focused on the Yukon region. Under the deal, Cascadia will acquire all outstanding Granite Creek shares, offering Granite Creek shareholders 0.25 Cascadia shares per Granite Creek share, reflecting a 48% premium and valuing the transaction at approximately $11.5 million. The merger combines Granite Creek's advanced Carmacks Project, which hosts significant measured and indicated resources of copper and gold with positive economic assessments, with Cascadia's broader portfolio of exploration assets across the Stikine Terrane. The combined company will benefit from operational efficiencies, a strong cash position of around C$2.5 million to fund ongoing work, and exploration synergies aimed at expanding resources, including a planned 2025 drill program near high-grade intercepts. Leadership from both companies expressed confidence that the merger positions the new entity for success in the strong copper and gold markets while enhancing shareholder value through a robust pipeline of projects from greenfield discoveries to advanced development. The transaction is expected to close by July 2025, creating a well-financed Yukon-focused copper-gold explorer and developer.