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Star Copper Announces $5,000,000 Flow-Through Share Financing to Fund Aggressive 2026 Drill Program; Phase 2 (2025) Drill Results Pending
VANCOUVER,BC / ACCESS Newswire / February 17, 2026 /Star Copper Corp. (CSE:STCU)(OTCQX:STCUF)(FWB:SOP) ("Star Copper" or the "Company"), a critical mineral exploration and development company, is pleased to announce that it intends to complete a non-brokered ...
About this update from Star Copper Corp.
[{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / February 17, 2026 / Star Copper Corp. (CSE:STCU)(OTCQX:STCUF)(FWB:SOP) ("Star Copper" or the "Company"), a critical mineral exploration and development company, is pleased to announce that it intends to complete a non-brokered private placement (the "Offering") for aggregate gross proceeds of up to C$5,000,000 through the issuance of up to 4,000,000 flow-through common shares of the Company (each, a "FT Share") at a price of C$1.25 per FT Share.","length":523,"tagName":"p"},{"type":"text","content":"The Offering will be comprised solely of FT Shares and will not include any subscriber warrants. The FT Shares will be issued as "flow-through shares", as defined in subsection 66(15) of the Income Tax Act (Canada) (the "TaxAct")","length":249,"tagName":"p"},{"type":"text","content":"Use of Proceeds - Aggressive 2026 Drill Program","length":47,"tagName":"p"},{"type":"text","content":"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 step-out drilling, deeper testing of priority targets, and follow-up drilling guided by ongoing three-dimensional geological modeling and planned deep-penetrating 3D geophysics.","length":565,"tagName":"p"},{"type":"text","content":"Phase 2 (2025) Drill Results Pending","length":36,"tagName":"p"},{"type":"text","content":"Star Copper also reports that it has additional drill results pending from Phase 2 of its 2025 program. These results remain unreleased and will be disclosed once received, compiled, and reviewed in accordance with the Company's QA/QC procedures and disclosure standards.","length":275,"tagName":"p"},{"type":"text","content":"Offering Terms and Closing","length":26,"tagName":"p"},{"type":"text","content":"The Company anticipates closing the Offering on or about March 2, 2026, or such other date as the Company may determine, subject to the satisfaction of customary closing conditions, including the receipt of all necessary regulatory approvals. The Company may p...