Welcome to our dedicated page for Star Copper news (Ticker: ALCUF), a resource for investors and traders seeking the latest updates and insights on Star Copper stock.
This page contains historical news coverage for Alpha Copper Corp (ALCUF), which operated as a Canadian copper exploration company focused on projects in British Columbia. The company underwent a corporate transformation, including a name change to Star Copper and a spin-out arrangement. This news archive provides context on the company's exploration activities, financing rounds, and the events leading to its reorganization.
During its operational period under the Alpha Copper name, the company generated news related to exploration results from drill programs, property acquisitions and option agreements, private placement financings, and regulatory approvals for its projects. The company's news flow reflected typical milestones for junior mining exploration companies, including magnetic survey results, drill program updates, and permitting achievements such as the ten-year exploration permit extension for the Hopper Project.
The historical news archive documents the company's evolution from a copper-focused explorer through various project developments, the acquisition of Cavu Energy, and ultimately the corporate actions that transformed it into Star Copper. This timeline of news releases provides insight into the strategic decisions, exploration successes and challenges, and capital-raising activities that characterized Alpha Copper's journey as a publicly-traded exploration company.
Alpha Copper Corp. (CSE: ALCU) has announced an agreement to acquire all outstanding shares of CAVU Energy Metals Corp. (CSE: CAVU), representing a 31.3% premium based on the 30-day VWAP. The merger aims to create a larger entity focused on copper exploration in British Columbia and Yukon, enhancing access to capital for further exploration. CAVU shareholders will receive 0.7 of an Alpha share for each CAVU share held, resulting in them owning about 30% of the combined company. The transaction requires CAVU shareholder approval and is expected to close in Q4 2022.
Alpha Copper Corp. announced a non-binding Letter of Intent to acquire CAVU Energy Metals Corp., offering a 60% premium based on the 20-day volume-weighted average price. The acquisition aims to enhance Alpha's portfolio by combining four exploration projects in British Columbia and Yukon, focusing on copper and gold. Notable projects include the Star and Hopper projects from CAVU, both of which show promising mineralization. Upon completion, CAVU shareholders will own approximately 30% of the combined entities' shares, enhancing market positioning and exploration capabilities.
Alpha Copper Corp. (CSE: ALCU) (OTC: ALCUF) has provided an update on its diamond drilling program for the Indata copper-gold Project in British Columbia. The ongoing 5,000-metre drill program targets various mineralization types, including vein gold and porphyry copper-gold. Initial holes have shown promising results with intersections of molybdenum and chalcopyrite mineralization. CEO Darryl Jones expressed optimism about future discoveries, emphasizing the project's potential to enhance shareholder value. The drilling campaign is expected to continue into Q3 2022, with results released periodically.
Alpha Copper Corp. (CSE: ALCU) (OTC: ALCUF) has signed a drilling contract for a 2000 metre drill program at its Okeover copper-molybdenum project in British Columbia. Superior Diamond Drilling Inc. will conduct this initial drilling to expand the North Lake Zone, which has shown historical mineralization. The project spans 4,613 hectares, and previous drilling indicates that mineralization may extend beyond earlier estimates. Additionally, Alpha Copper has engaged GOLDINVEST Consulting GmbH for investor relations to enhance awareness in the German-speaking market.
Alpha Copper Corp. (CSE: ALCU, OTC: ALCUF) has commenced mobilization to the Indata project, initiating a 5000-meter drilling campaign. Located 230 kilometers northwest of Prince George, the project covers 3,189 hectares and aims to boost copper supply for the green economy. The focus is on the Lake Zone, which features significant mineralized samples. Previous explorations revealed promising grades, with the Quarry Zone showing select samples of 3.65% copper and 5.95 g/t gold. CEO Darryl Jones expressed optimism about advancing asset valuation and shareholder value through this exploration program.
Alpha Copper (CSE: ALCU, OTC: ALCUF) announces a Permit Extension for its Okeover Copper-Molybdenum Project in British Columbia, allowing exploration until March 2024. The project spans 4,613 hectares and is strategically located near Powell River, enhancing accessibility. The historic resource estimate from 2006 indicates 87 million tonnes grading 0.31% copper and 0.014% MoS2. The company intends to launch a fall work program to explore further, leveraging modern techniques and historical data for potential commercial mining.
Alpha Copper Corp. (CSE: ALCU) (OTC: ALCUF) has announced a budget increase for its 2022 exploration program at the Indata Project in British Columbia. The budget has been raised from $750,000 to $1,000,000 due to positive historical data review involving nearly 5,000 soil samples and geophysical surveys. The project spans 3,189 hectares and includes targets with promising copper and gold mineralization. The company aims to earn a 60% interest in the project by meeting certain financial commitments by June 20, 2023.
Alpha Copper Corp. (CSE: ALCU) (OTC: ALCUF) announced its engagement with CDMG, Inc. and Think Ink Marketing Data for marketing strategies to boost public awareness and investor relations. The company highlights a significant opportunity in the copper sector, driven by increased demand for electric vehicles and renewable energy, as well as government support via the Defense Production Act. Findings predict a potential supply deficit of 4.7 million tonnes of copper by 2030, necessitating substantial investments in mining. CEO Darryl Jones emphasizes the critical role of copper in achieving climate goals.
Alpha Copper Corp. (CSE: ALCU) has announced an aggressive 2022 exploration program for its Indata Project in British Columbia, covering 3,189 hectares. The project, located southwest of the Stardust-Kwanika Project, is permitted for drilling. A contract with Paradigm Drilling Ltd. will initiate a minimum of 3,000 meters of drilling, targeting promising copper and gold mineralization. The company aims to earn a 60% interest in the project by investing $2 million before June 20, 2023. With a budget of $750,000, Alpha Copper is set to explore its significant resource potential amidst growing demand for copper.
Alpha Copper Corp. (CSE: ALCU, OTC: ALCUF) has announced its first issuance under an option agreement to acquire a 100% interest in the Okeover Copper Project in British Columbia. The company issued 267,159 common shares valued at $250,000 to Northwest Copper Corp. as part of this agreement. The acquisition aligns with Alpha Copper's strategy to enhance its copper resource assets in stable jurisdictions. Upon completing all payments under the agreement, Alpha Copper will fully exercise its option to acquire the property.
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