Financings

Star Copper Announces Upsize To Flow Through Financing

By The Northwire Desk — AI Analysis Mar 03, 2026 · 09:00 STCU · 1.16 Star Copper Corp.

STCU · Price

Star Copper Corp. upsized its previously announced non‑brokered private placement, adding 800,000 flow‑through shares and 1,156,069 charitable flow‑through units for up to C$3 million additional gross proceeds.
Total potential gross proceeds from the combined offering now amount to up to C$5 million, intended to fund an aggressive 2026 drill program at the Star Project in British Columbia.
Closing is expected on or about March 20, 2026, subject to customary conditions; each unit includes a flow‑through share and a warrant exercisable at C$1.75 for two years.

Upsized Offering Components
FT Share Offering: 800,000 flow‑through shares @ C$1.25 per share → C$1,000,000 gross proceeds.
Charitable FT Unit Offering: 1,156,069 flow‑through units @ C$1.73 per unit → up to C$2,000,000 gross proceeds.
Unit Structure – Each FT Unit consists of:
One flow‑through share (tax‑qualified).
One transferable common share purchase warrant (“Warrant”). The warrant also qualifies as a flow‑through share and gives the holder the right to buy one non‑flow‑through common share at C$1.75 per share for two years.
Use of Proceeds – Funds will be applied to “Canadian exploration expenses” that qualify as flow‑through critical mineral mining expenditures, specifically to support:
Expanded step‑out drilling.
Deeper testing of priority targets.
Follow‑up drilling guided by 3‑D geological modeling and deep‑penetrating 3‑D geophysics at the Star Project.
Closing Timeline – Anticipated closing on or about March 20, 2026, subject to customary closing conditions and regulatory approvals.
Finder’s Fees & Hold Period – The Company may pay finder’s fees in accordance with securities laws; all securities issued will be subject to a statutory hold period under Canadian securities regulations.
Regulatory Disclaimer – Offering is not an offer or solicitation in the United States; securities are not registered under U.S. law and cannot be sold to U.S. persons without exemption or registration.

“The additional capital raised through this upsized private placement will enable us to execute a robust 2026 drill program, accelerating our path toward a future resource estimate for the Star Project,” – Darryl Jones, CEO, President & Director, Star Copper Corp.

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