• Pecoy Copper agreed to raise approximately C$ 49.8 million through a non-brokered private placement of common shares at C$ 2.02 each.
• Hudbay will buy 14,914,100 shares for approximately C$ 30.1 million; another strategic investor will purchase 9,762,425 shares for approximately C$ 19.7 million.
• The price represents a 10% premium to the 10-day VWAP; each investor is expected to hold approximately 9.99% on a partially diluted basis.
• Net proceeds will fund exploration and development at the Pecoy copper-gold project in southern Peru, alongside general corporate and working capital needs.
• Closing is expected around Nov. 5, 2026, subject to customary conditions and regulatory approvals.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pecoy Copper Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202611020615PRIMZONEFULLFEED9867807) on November 02, 2026, and is solely responsible for the information contained therein.