Kodiak Copper Corp. [TSX-V: KDK] has taken another confident step in advancing its flagship MPD Project in southern British Columbia. On 20 October 2025, the Vancouver-based explorer announced a purchase agreement with Eagle Plains Resources Ltd. to acquire a strategically positioned claim package adjoining Kodiak’s 100%-owned MPD property.
The transaction expands Kodiak’s land position to an impressive 357 square kilometres, strengthening its command of one of Canada’s most promising copper-gold exploration districts.
The newly acquired 13.1-square-kilometre claim block includes the 12.1-square-kilometre Ketch claim, which lies immediately north and along trend of the Ketchan deposit — a large mineralized zone that has been drilled over an area of 1,800 by 500 metres. The Ketchan deposit forms a cornerstone of Kodiak’s Initial Mineral Resource estimate, announced in June 2025, and is seen as a potential catalyst for the company’s long-term growth trajectory.
Pivotal claim package at Ketch
Early indications suggest that the Ketch claim package could prove pivotal. The Ketchan deposit sits within a northwest-trending geophysical corridor that extends directly onto the newly acquired ground. Further exploration will test whether this trend continues, potentially linking new mineralized zones to the existing deposit. If confirmed, it could represent a significant expansion of the resource footprint within the MPD district.
The acquisition also bolsters Kodiak’s operational flexibility in the MPD Northwest area, which already boasts 24 known mineral occurrences — six of which exhibit strong porphyry-style copper-gold mineralization. A new soil geochemical survey, consisting of 2,000 samples, is now underway to test these targets. The program will integrate modern exploration tools, including VRIFY’s AI-driven analysis, and will focus on historical showings and prospective extensions near Ketchan. Completion is expected in November, with results poised to inform the next phase of drilling.
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Claudia Tornquist, President and Chief Executive of Kodiak Copper, hailed the acquisition as a “logical and strategic” evolution of the company’s district-scale vision.
“Kodiak’s strategy to consolidate the MPD district over the past seven years has been key in generating the critical mass to bring this project to fruition and demonstrate that it has the potential to become a major mine in the future. The acquisition of the Ketch claim package is a logical next step, and I am glad we were able to secure these strategically located claims which could potentially host an extension of our Ketchan deposit.”
The transaction terms underscore Kodiak’s disciplined approach to growth. Under the agreement, the company will acquire a 100% interest in the claims from Eagle Plains Resources, an arm’s-length Canadian exploration group, subject to TSX Venture Exchange approval and customary closing conditions. Consideration will include 300,000 Kodiak shares issued upon closing, along with a 2% net smelter return royalty (NSR). Kodiak retains the right to repurchase 1% of the NSR for $1.75 million at any time.
Kodiak Copper: what we think
With copper demand forecast to surge in the coming decade amid global electrification trends, Kodiak’s continued expansion in southern British Columbia positions it advantageously among a new generation of Canadian copper developers. The acquisition not only consolidates its ground at MPD but also reinforces the company’s reputation for methodical, value-driven exploration.
As fieldwork accelerates and data from the soil program roll in, investors will be watching closely to see whether Kodiak’s latest move unearths the next phase of growth for one of British Columbia’s most dynamic copper-gold plays.
