CUPANI METALS CORP. (CSE: CUPA) (OTCQB: CUPIF) announces that further to the Company’s November 20, 2025, press release announcing its private placement the Company intends to price its hard cash units to $0.125 per HC Unit. The HC Units will also now be comprised of one common share of the Company and one full common share purchase warrant, each HC Warrant exercisable at $0.25 at any time to the day that is 24 months from the closing date, subject to the terms and provisions of an acceleration clause.

Further to the Company’s December 15, 2025, press release announcing the closing of the $2,051,224.18 first tranche of the Offering, consisting of FT Units; the Company expects a second tranche to close on December 29, 2025, followed by a third and final tranche on January 29, 2026. The December 29, 2025, closing is expecting to consist of both FT Units and HC Units. The January 29, 2026, closing is expected to consist of HC Units only.  Management has established a strong order book and currently anticipates that HC Units will close for aggregate gross proceeds of more than $500,000, subject to the satisfaction of customary closing conditions and compliance with applicable securities laws and CSE policies.

Subscription agreements for the $0.125 Hard Cash Units can be downloaded HERE.

The Company also announces that it has applied for Québec refundable exploration tax credits related to 2024 eligible expenditures. While the amount and timing remain subject to review by Revenue Québec, management currently estimates a cash rebate of approximately $600,000, which, if received, is expected to be used for working capital and general corporate purposes.

In connection with the first tranche of the Offering, the Company paid aggregate cash finder’s fees of $16,236.23 and will issue 377,142 compensation HC Units to certain finders, on the same terms as the HC Units offered under the Offering.

About CUPANI

CUPANI Metals Corp. provides shareholders with long-term capital growth exposure by investing in mineral exploration properties and other assets. The Company is listed on the CSE under the symbol “CUPA” and on the OTCQB under symbol “CUPIF”. To learn more about the Company please visit CUPANIMetals.com.