December 19th, 2025

 

 

Phoenix, Arizona--(Newsfile Corp. - December 19, 2025) - Gunnison Copper Corp. (TSX: GCU) (OTCQB: GCUMF) (FSE: 3XS0) ("Gunnison" or the "Company") is pleased to announce that it has entered into a Collaboration Framework Agreement ("CFA") with Lunasonde Inc. ("Lunasonde"), a defense and mineral exploration technology company focused on next-generation subsurface remote sensing using Airborne Georadiotomography (aGRT) Technology.

 

Under the agreement, Lunasonde will deploy its proprietary remote sensing technology to conduct an initial high-resolution subsurface survey over a defined portion of Gunnison's mineral property portfolio within the Company's Cochise Mining District in southern Arizona. The work program is expected to include test and calibration flights, followed by data processing and analysis to generate three-dimensional subsurface imaging of identified anomalies with the potential to host critical minerals.

The collaboration is intended to evaluate the potential application of Lunasonde's technology as a complementary exploration and targeting tool across Gunnison's land position, which hosts multiple known copper deposits within close proximity to existing infrastructure and operations.

"This collaboration reflects Gunnison's disciplined approach to innovation and data-driven decision-making," said Stephen Twyerould, President & CEO of Gunnison Copper. "We are continuously evaluating advanced technologies that have the potential to enhance our geological understanding, improve targeting efficiency, and support long-term value creation across the Cochise Mining District."

"Our partnership with Gunnison is a pivotal first step towards deploying aGRT for mineral exploration across the globe and securing our nation's critical mineral supply" said Jeremiah Pate, Founder and CTO of Lunasonde.

Lunasonde's technology is designed to identify subsurface features from aerial and space-based platforms, offering a non-invasive method of data acquisition that may complement traditional geophysical and geological datasets. Results from the initial survey will be assessed alongside Gunnison's existing technical information to determine potential future applications.

The Company also announces that it has received a third conversion notice from Nebari Natural Resources Credit Fund I LP ("Nebari") pursuant to the terms of the Second Amended and Restated Credit Agreement (the "Second ARCA"). See the Company's press release dated April 24, 2025 for further details of the Second ARCA. The conversion benefits the Company as it reduces the principal amount of the Second ARCA. With a full conversion of the convertible principal amount by Nebari, and the intention to use the proceeds to be received from sale of the previously announced 48C tax credits to repay the remaining convertible portion of the Second ARCA, the Second ARCA could be repaid in full.

The third conversion is for US$500,000 at the conversion price of US$0.2097 (converted from C$0.30), resulting in the issuance of 2,384,358 common shares. Nebari have advised that they are converting for the purpose of sale and may convert further amounts.