Star Copper closes $2-million private placement

Executive Summary

• Star Copper Corp. has closed a non-brokered private placement of flow-through units, raising gross proceeds of approximately $2 million.
• The funds are designated for Canadian exploration expenses on the company's flagship Star project in British Columbia, specifically to support an aggressive 2026 drill program.
• The offering involved the sale of 1,156,070 flow-through units to charitable purchasers at $1.73 per unit, including warrants exercisable at $1.75.

Key Details

• Transaction Type: Non-brokered private placement of flow-through units.
• Gross Proceeds: $2,000,001.10.
• Units Sold: 1,156,070 flow-through units.
• Price Per Unit: $1.73.
• Purchasers: Charitable purchasers.
• Unit Composition: Each unit consists of one flow-through common share and one transferable common share purchase warrant.
• Warrant Terms:
  • Each warrant entitles the holder to purchase one non-flow-through common share.
  • Exercise Price: $1.75 per warrant share.
  • Duration: Two years from issuance.
• Use of Proceeds: To incur Canadian exploration expenses classified as flow-through critical mineral mining expenditures on the Star project in British Columbia.
• Operational Impact: Funds will support an aggressive 2026 drill program, including expanded stepout drilling, deeper testing of priority targets, and follow-up drilling guided by 3-D geological modelling and deep-penetrating 3-D geophysics.
• Hold Period: Four months and one day from the date of issuance for all securities.

Notable Quotes

• No direct quotes from management were included in the provided text.