Star Copper closes Copperline property buy from Zimtu

Executive Summary

• Star Copper Corp. has closed the acquisition of a 100% interest in the Copperline property, a mineral claim package in north-central British Columbia, from Zimtu Capital Corp.
• The transaction involves a total consideration of $350,000 in cash, 500,000 common shares, and a 2% Net Smelter Return (NSR) royalty, with potential additional earn-in payments tied to future resource estimates.
• The property consists of approximately 4,502 hectares near Skutsil Knob, with seven of eight claims already transferred and the final claim in process.

Key Details

• Transaction Status: Closed as of the date of the release, pursuant to a definitive agreement dated July 14, 2025.
• Asset Acquired: 100% interest in the Copperline property, comprising eight mineral claims totaling approximately 4,502 hectares.
• Location: Near Skutsil Knob at the south end of the Driftwood range, approximately 120 km north-northeast of Smithers, B.C.
• Claim Transfer Status: Seven of the eight mineral claims have been transferred; the vendor and company are working to effect the transfer of the eighth claim.
• Base Consideration:
  • Cash: Aggregate $350,000, structured as:
    • $100,000 paid at or prior to closing.
    • $250,000 payable on the first business day six months after closing.
  • Equity: 500,000 common shares, structured as:
    • 200,000 shares issued on the closing date.
    • 300,000 shares issued upon completion of the final claim transfer.
  • Royalty: 2% Net Smelter Return (NSR) royalty on all production from the property.
    • 1% of the NSR is eligible for repurchase by Star Copper within five years of closing for a one-time payment of $1,000,000.
• Earn-In / Bonus Consideration:
  • Triggered if a Form 43-101F1 mineral resource estimate discloses >500 million lbs of copper OR >15 million oz of silver.
  • Additional consideration amount: $1,500,000, structured as:
    • $750,000 in cash.
    • Common shares with an aggregate value of $750,000 (calculated based on the 10-day VWAP prior to the resource estimate publication).
• Share Restrictions: All consideration shares and bonus shares are subject to a statutory hold period of four months and one day from the date of issuance.
• Fees: No finders' fees are payable in connection with the acquisition.

Notable Quotes

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