Interview with Christopher Taylor, Chairman, and Claudia Tornquist, President & CEO of Kodiak Copper Corp.

Our previous interview: https://www.cruxinvestor.com/posts/kodiak-copper-tsxvkdk-building-scale-in-british-columbias-copper-district-9481

Recording date: 28th April 2026

Kodiak Copper and Teck Resources have joined forces to create Kay Copper, a newly formed exploration company aimed at capitalizing on the growing demand for domestic critical minerals in the United States. This strategic joint venture combines Kodiak’s dormant Mohave project with Teck’s Copper Hill asset, both located in the mineral-rich state of Arizona. By spinning out these highly prospective porphyry projects into a dedicated entity, both companies can unlock shareholder value without losing focus on their primary operations. As the push for green energy and electrification intensifies, finding reliable domestic copper sources has never been more crucial, making this an opportune time to explore Arizona's proven mining districts.

Kay Copper is well-positioned for immediate action, backed by a $5 million initial capitalization that will fund drill programs later this year. Both Kodiak and Teck will maintain a 28% equity stake in the new venture, providing robust institutional support. Notably, Teck Resources has secured offtake rights for both properties. This guarantees them access to the copper produced if exploration efforts lead to a functioning mine, which signals immense confidence in the long-term viability of these assets. The company is actively targeting a public listing on the TSX Venture Exchange, with the transaction expected to close in early Q3, guided by incoming CEO Adam Schatzker and Board Chair Claudia Tornquist.

The exploration strategy will simultaneously test shallow, drill-ready targets and massive, deeper anomalies. At the Mohave project, legacy data suggests historical drilling merely grazed the edge of a high-grade center, leaving newly expanded claims ripe for immediate exploration. Meanwhile, the Copper Hill project features strong geological indicators that hint at a significant mineralized system. Initial drilling will focus on the shallower zones of Copper Hill to generate early discoveries and build geological confidence. By systematically advancing these assets, Kay Copper aims to unearth a transformative tier-one discovery to supply America's future infrastructure needs.

View Kodiak Copper's company profile: https://www.cruxinvestor.com/companies/kodiak-copper-corp

Kodiak Copper (TSXV:KDK) - Proposed Alliance with Teck to Launch New US Copper Explorer