US Copper Corp Announces Upsize of Non-Brokered Private Placement

Rhea-AI Summary

US Copper Corp (OTCQB: USCUF) has announced an increase in its previously announced non-brokered private placement offering. The upsized offering now aims to raise gross proceeds of up to $1.25 million through the issuance of up to 12.5 million units at $0.10 per unit.

Each unit consists of one common share and one warrant, with each warrant allowing the purchase of one common share at $0.15 within 2 years after closing. The securities will be subject to a four-month hold period, and the proceeds will be used for general working capital purposes. The offering completion remains subject to regulatory and TSX Venture Exchange approvals.

Positive

• Increased offering size demonstrates potential investor interest
• Warrants provide potential additional funding at $0.15 per share
• Strengthened working capital position through $1.25M capital raise

Negative

• Dilution of existing shareholders through new share issuance
• Offering price of $0.10 per unit may represent a discount to market price
• Four-month hold period limits immediate liquidity for new investors

Toronto, Ontario--(Newsfile Corp. - July 18, 2025) - US Copper Corp (TSXV: USCU) (OTCQB: USCUF) (FSE: C73) ("US Copper" or the "Company") is pleased to announce that, further to the Company's press release dated July 14, 2025, US Copper has increased the size of its previously announced non-brokered private placement (the "Offering"). Pursuant to the upsize, the Offering now consists of aggregate gross proceeds of up to $1,250,000 comprised of up to 12,500,000 units at a price of $0.10 per unit (each such unit being comprised of one common share and one warrant). Each whole warrant will entitle the holder to purchase one common share for $0.15 at any time within 2 years after closing. All securities issued pursuant to this private placement will be subject to a four (4) month hold period. Completion of the Offering is subject to receipt of all required regulatory and TSX Venture Exchange approvals.

The Company intends to use the proceeds of the Offering for general working capital purposes.

For Further Information Contact:
Mr. Stephen Dunn, President, CEO and Director, US Copper Corp (416) 361-2827 or email info@uscoppercorp.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

This press release contains forward-looking statements within the meaning of applicable Canadian and U.S. securities laws and regulations, including statements regarding the future activities of the Company. Forward-looking statements reflect the current beliefs and expectations of management and are identified by the use of words including "will", "hopes", "anticipates", "expected to", "plans", "planned", "intends" and other similar words. Actual results may differ significantly. The achievement of the results expressed in forward-looking statements is subject to a number of risks, including those described in the Company's management discussion and analysis as filed with the Canadian securities regulatory authorities which are available at www.sedarplus.ca. Investors are cautioned not to place undue reliance upon forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259364

FAQ

What is the size of US Copper Corp's (USCUF) upsized private placement offering?

US Copper Corp's upsized private placement offering is now up to $1.25 million, to be raised through the issuance of up to 12.5 million units at $0.10 per unit.

What are the terms of the warrants in USCUF's private placement?

Each warrant allows holders to purchase one common share at $0.15 within 2 years after the offering closes.

How will US Copper Corp (USCUF) use the proceeds from the private placement?

US Copper Corp intends to use the proceeds from the offering for general working capital purposes.

What is the hold period for securities issued in USCUF's private placement?

All securities issued in the private placement will be subject to a four-month hold period.

What approvals are required for US Copper Corp's private placement to close?

The offering requires regulatory and TSX Venture Exchange approvals before completion.