World Copper Ltd.W

World Copper Ltd. (TSXV: WCU; also OTCQB: WCUFF, FSE: 7LY2) is a Vancouver-based grassroots mineral exploration company. Its Chilean copper assets are no longer its own: on 20 Jul 2026 a court-approved plan of arrangement spun out all of the company's interests in its Chilean subsidiaries, comprising the Escalones and Cristal projects, into a newly-formed entity, World Copper Holdings Ltd. ("Spinco"), which is a reporting issuer but is not listed on any stock exchange. Immediately prior, effective 17 Jul 2026, the company consolidated its shares 20:1, taking 263,031,067 shares to approximately 13,151,545; shareholders received one new World Copper share plus one Spinco share for each post-consolidation share held. New CUSIP 98144X306 / ISIN CA98144X3067 took effect 22 Jul 2026. Older coverage of the company cites a 2022/2023 Escalones PEA with a post-tax NPV of roughly US$1.5 billion; that project now belongs to Spinco, and World Copper's own financial statements had already recorded the decision to write Escalones down to a nominal value of $1 subsequent to the period ended 30 June 2024, citing the Chilean Presidential decree published 30 Nov 2023 creating a Sanctuary of Nature over the upper Maipo River valley in which Escalones sits, together with the lapse of a pre-existing access easement. The company's other legacy asset, the Zonia copper project in Arizona, was sold to Edge Copper Corporation (ticker: EDCU) in Oct 2025. World Copper did not retain a controlling stake in the acquirer: under that arrangement it distributed most of the share consideration straight through to its own shareholders on the closing date (approximately 0.12482512 Edge Copper shares per World Copper share), retaining only 5,000,000 Edge Copper shares plus roughly US$500,000 in cash. The 22.6% and 31.3% Edge Copper figures quoted by some secondary sources refer, in Edge Copper's own MD&A, to "World Copper and its shareholders" combined, not to a block held by World Copper. No filing since the 20 Jul 2026 spin-out has said whether World Copper still holds those 5,000,000 shares. What remains is a stated intent to become a North American focused issuer, and a single property -- Brassie Creek, an approximately 1,861-hectare porphyry-skarn copper-gold prospect in the Kamloops Mining Division of southern British Columbia, held under an option to earn 100% rather than owned outright. Under the definitive agreement dated 24 Feb 2026 (TSXV acceptance announced 19 May 2026), the earn-in requires C$440,000 in cash, 900,000 shares and C$750,000 of exploration expenditures over 36 months, subject to a 2% net smelter returns royalty of which half is repurchasable for C$1.5 million. Brassie Creek's technical history is old and has not been verified by a qualified person: an induced-polarization survey in 1973, 540 m of drilling in 1998-99 reported to confirm near-surface polymetallic skarn mineralisation, rock and soil geochemistry and structural analysis from 2012-2019, a ground magnetic and VLF survey in 2020, and a structural report over the northwestern zone in 2025. No mineral resource of any category has been estimated for it and no NI 43-101 technical report on the property has been published. On 4 September 2026 World Copper announced board and management changes -- Gareth Thomas (co-founder of Westhaven Gold Corp.) appointed Executive Chair and a Director, and Shaun Pollard (also a Westhaven Gold co-founder, its CFO/Director 2010-2025) appointed President, CEO and a Director -- alongside a non-brokered private placement of 13,333,333 units at C$0.075/unit for gross proceeds of ~C$1,000,000 (each unit comprising one share plus one two-year warrant exercisable at C$0.10); the placement closed on 2 Oct 2026 with 13,333,329 units issued. The shares-for-debt settlement announced on 5 Jul 2026 (20,900,000 shares @ $0.01 to two directors and a service provider, settling $209,000 owed) was amended and closed on 2 Oct 2026 as 312,500 shares at a deemed $0.20 issued to two directors, settling $62,500.