Star Copper Announces Closing of Oversubscribed Flow-Through Share Private Placement

Executive Summary

• Star Copper Corp. closed a non‑brokered private placement for gross proceeds of C$7,306,000 and subsequently upsized the offering by an additional $1,306,000.
• The funds will be used to finance an aggressive 2026 drill program on the flagship Star Project in British Columbia, covering expanded step‑out drilling, deeper testing of priority targets, and follow‑up work guided by geological modeling and deep‑penetrating 3D geophysics.
• All securities were issued as flow‑through shares at C$1.25 per share; finder’s fees of $420,332.50 were paid, and the shares carry a four‑month‑plus‑one‑day hold period.

Key Details

• Offering size: 5,844,800 FT Shares sold for C$7,306,000 (C$1.25 per share).
• Upsized portion: Additional 1,044,800 FT Shares sold for $1,306,000 due to investor demand.
• Total gross proceeds: Approximately C$8.612 million (including the upsized amount).
• Share price: C$1.25 per flow‑through share.
• Finder’s fees paid: $420,332.50 in cash.
• Hold period: Four months and one day from issuance for all securities issued under the offering.
• Use of proceeds: To incur Canadian exploration expenses that qualify as “flow‑through critical mineral mining expenditures” on the Star Project, specifically to fund an aggressive 2026 drill program (expanded step‑out drilling, deeper testing of priority targets, and follow‑up drilling guided by 3‑D geological modeling and deep‑penetrating 3‑D geophysics).
• Charity flow‑through units: Ongoing private placement of charity flow‑through units announced on March 3, 2026.

Notable Quotes

“The gross proceeds from the Offering will be used to incur Canadian exploration expenses that are flow‑through critical mineral mining expenditures…directly support an aggressive 2026 drill program.” – Darryl Jones, CEO, President & Director

Materiality: Material – Positive (significant capital raise intended to fund near‑term exploration activities).