Financings
Star Copper closes oversubscribed private placement

STCU · Price
Executive Summary
- Star Copper Corp. has closed its non-brokered private placement of flow-through shares, which was upsized due to investor demand.
- The company raised total gross proceeds of $8,612,000 from the sale of 6,889,600 flow-through shares at $1.25 per share.
- Proceeds are designated for Canadian exploration expenses on the Star project in British Columbia, specifically to fund an aggressive 2026 drill program including stepout drilling and geophysics.
Key Details
- Total Gross Proceeds: $8,612,000
- Initial tranche: $7,306,000 from 5,844,800 shares.
- Upsized tranche: $1,306,000 from 1,044,800 additional shares.
- Share Price: $1.25 per flow-through (FT) share.
- Total Shares Issued: 6,889,600 FT shares.
- Use of Proceeds: Incurring Canadian exploration expenses classified as flow-through critical mineral mining expenditures on the Star project.
- Operational Plan: Funds will support an aggressive 2026 drill program, including:
- Expanded stepout drilling.
- Deeper testing of priority targets.
- Follow-up drilling.
- Three-dimensional geological modelling.
- Planned deep-penetrating 3-D geophysics.
- Finder’s Fees: Cash fees totaling $420,332.50 were paid in connection with subscriptions.
- Hold Period: All securities have a hold period of four months and one day from the date of issuance.
- Charity Units: The private placement of charity flow-through units, announced on March 3, 2026, is continuing.
- Tax Status: Shares issued as flow-through shares as defined in Subsection 66(15) of the Income Tax Act (Canada).
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Jun 30, 2026 · 08:00