Star Copper increases flow-through financing

Executive Summary

• Star Copper Corp. has upsized and amended the terms of its previously announced non-brokered private placement of flow-through shares, increasing the total gross proceeds to up to $5 million.
• The financing structure now includes two distinct components: a direct flow-through share offering and a concurrent offering of flow-through units to charitable purchasers.
• 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 3-D geophysics.

Key Details

• Total Gross Proceeds: Up to $5 million.
• Component 1 (FT Shares): 800,000 flow-through shares offered at $1.25 per share, generating $1 million in aggregate gross proceeds.
• Component 2 (FT Units): 1,156,069 flow-through units offered to charitable purchasers at $1.73 per unit, generating up to $2 million in aggregate gross proceeds.
• Warrant Terms: Each FT unit includes one transferable common share purchase warrant.
  • Warrants qualify as flow-through shares under Subsection 66(15) of the Income Tax Act (Canada).
  • Exercise Price: $1.75 per warrant share.
  • Term: Two years.
  • Underlying Security: One non-flow-through common share per warrant.
• Use of Proceeds: To incur Canadian exploration expenses classified as flow-through critical mineral mining expenditures on the Star project.
• Operational Focus: Funds will support an aggressive 2026 drill program, including:
  • Expanded stepout drilling.
  • Deeper testing of priority targets.
  • Follow-up drilling guided by 3-D geological modelling.
  • Planned deep-penetrating 3-D geophysics.
• Closing Date: Anticipated on or about March 20, 2026, subject to customary closing conditions and regulatory approvals.
• Regulatory Status: Securities subject to statutory hold period under Canadian securities laws and CSE policies.

Notable Quotes

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