Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) has closed a bought deal public offering of 25,875,000 common shares at C$2.00 each, including the full exercise of the over-allotment option, for gross proceeds of C$51,750,000. The offering closed on June 20, 2025, and was conducted under a June 6, 2025 underwriting agreement with a syndicate led by Scotia Capital Inc., and including Canaccord Genuity Corp., Paradigm Capital Inc., Raymond James Ltd., Haywood Securities Inc., RBC Dominion Securities Inc., and Stifel Nicolaus Canada Inc.

Proceeds will fund buy-down of NSR royalties on the Cactus Project, potential land acquisitions, technical and engineering studies, and general corporate purposes. The funds are expected to support the company through to a final investment decision on the project, anticipated in Q4 2026.

Bennett Jones LLP acted as legal counsel to the company, while Cassels Brock & Blackwell LLP represented the underwriters. The offering was made by short form prospectus dated June 12, 2025, filed across Canada (excluding Quebec), and offered privately in the U.S. and select other jurisdictions.

At closing, the C$51.75 million offering equaled approximately US$37.65 million, based on the June 5, 2025 Bank of Canada exchange rate of C$1.3659 per US$1.00. Final approval from the Toronto Stock Exchange remains pending.