04:27:30 EDT Thu 12 Mar 2026
Enter Symbol
or Name
USA
CA



Star Copper Corp
Symbol STCU
Shares Issued 52,112,871
Close 2026-03-11 C$ 1.17
Market Cap C$ 60,972,059
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Star Copper closes oversubscribed private placement

2026-03-11 22:45 ET - News Release

Mr. Darryl Jones reports

STAR COPPER ANNOUNCES CLOSING OF OVERSUBSCRIBED FLOW-THROUGH SHARE PRIVATE PLACEMENT

Star Copper Corp., further to its news releases dated Feb. 17, 2026, and March 3, 2026, has closed its non-brokered private placement for gross proceeds of $7,306,000 from the sale of 5,844,800 flow-through (FT) shares of the company at a price of $1.25 per FT share. Due to investor demand, the company further upsized the offering for additional gross proceeds of $1,306,000 from the sale of an additional 1,044,800 FT shares. The FT shares were issued as flow-through shares, as defined in Subsection 66(15) of the Income Tax Act (Canada).

The gross proceeds from the offering will be used to incur Canadian exploration expenses that are flow-through critical mineral mining expenditures, within the meaning of the tax act, on the company's flagship Star project in British Columbia. The company expects the flow-through funds to directly support an aggressive 2026 drill program, including expanded stepout drilling, deeper testing of priority targets and follow-up drilling, guided by continuing three-dimensional geological modelling and planned deep-penetrating 3-D geophysics.

The company paid cash finders' fees in connection with subscriptions to the offering totalling $420,332.50. All securities issued under the offering have a hold period of four months and a day from the date of issuance.

The company's private placement of charity flow-through units is continuing as announced on March 3, 2026.

About Star Copper Corp.

Star Copper is an exploration and development company focused on developing high-potential copper projects in mining-friendly jurisdictions. The company aims to advance its 100-per-cent-owned Star project in British Columbia's prolific Golden Triangle and Sheslay district. The project hosts multiple copper-gold porphyry-style targets, including Star Main, Star North and Copper Creek. Significant exploration, including historical drilling, has confirmed open mineralization at depth and in all directions. Star Copper's strategic plans include geological mapping and geophysical surveys to refine existing targets, diamond drilling programs to test high-priority zones, environmental baseline studies, and permitting groundwork, alongside data analysis and resource modelling, to support a future resource estimate prepared in accordance with National Instrument 43-101. The company further plans to advance its Indata project with follow-up drilling to expand on previous high-grade copper and gold intercepts, trenching and surface sampling to delineate mineralized zones, and infrastructure improvements for site accessibility and operations. With a commitment to sustainable development and value creation, Star Copper aims to position itself to support surging industrial demand to meet growing global electrification needs.

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