US Copper Corp Completes Non-Brokered Private Placement

Rhea-AI Summary

US Copper (OTCQB: USCUF) completed a non-brokered private placement on October 14, 2025 for aggregate gross proceeds of $750,000 by issuing 7,500,000 Units at $0.10 per Unit.

Each Unit includes one common share and one warrant exercisable at $0.15 per share for 2 years. All securities are subject to a four-month hold and the transaction is subject to final TSX Venture Exchange acceptance. The company intends to use proceeds for general working capital and to advance the Moonlight-Superior Copper Project. The board also approved 750,000 stock options to consultants at an exercise price of $0.10, vesting immediately with a 3-year term, subject to regulatory approval.

Positive

• Raised $750,000 through private placement
• Issued 7,500,000 new Units at $0.10 each
• Warrants exercisable at $0.15 for 2 years
• Grant of 750,000 options to consultants

Negative

• Potential dilution from 7,500,000 newly issued shares
• Warrants could add further dilution if exercised within 2 years
• Private placement subject to TSXV final acceptance

News Market Reaction

-2.29%

1 alert

-2.29% News Effect

On the day this news was published, USCUF declined 2.29%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Toronto, Ontario--(Newsfile Corp. - October 14, 2025) - US Copper Corp (TSXV: USCU) (OTCQB: USCUF) (FSE: C730) ("US Copper" or the "Company") is pleased to announce that it has completed a non-brokered private placement (the "Private Placement") for aggregate gross proceeds of $750,000. The Private Placement involved the issuance of 7,500,000 units ("Units") at a price of $0.10 per Unit. Each Unit consists of one common share in the capital stock of the Company (a "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-month hold period. The Private Placement remains subject to final acceptance by the TSX Venture Exchange.

A material change report in connection with the Private Placement will be filed less than 21 days before the closing of the Private Placement. The Company believes this shorter period is reasonable and necessary in the circumstances as the Company wished to complete the Private Placement in a timely manner.

The Company intends to use the proceeds of the Private Placement for general working capital purposes and to advance its Moonlight-Superior Copper Project.

In addition, the Company would also like to announce that its Board has approved the grant of 750,000 stock options to certain consultants of the Company, subject to regulatory and TSX Venture Exchange approval. The stock options have been issued with an exercise price of $0.10 per share, vest immediately, and have a 3-year term.

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/270446

FAQ

How much did US Copper (USCUF) raise in the October 14, 2025 private placement?

US Copper raised $750,000 by issuing 7,500,000 Units at $0.10 per Unit.

What does each Unit include in the US Copper (USCUF) private placement?

Each Unit includes one common share and one warrant exercisable at $0.15 within 2 years.

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

The company intends to use proceeds for general working capital and to advance the Moonlight-Superior Copper Project.

Are the new securities from US Copper (USCUF) transferable immediately?

No. All securities are subject to a four-month hold period and the placement awaits TSXV final acceptance.

What stock option grant did US Copper (USCUF) approve on October 14, 2025?

The board approved 750,000 options to consultants at an exercise price of $0.10, vesting immediately with a 3-year term, subject to approval.

How could the private placement affect US Copper (USCUF) shareholders?

Shareholders face potential dilution from 7,500,000 newly issued shares and additional dilution if warrants are exercised.