US Copper Corp Completes Non-Brokered Private Placement

Rhea-AI Summary

US Copper Corp (OTCQB: USCUF) has successfully completed a non-brokered private placement raising $1,165,000 through the issuance of 11,650,000 units at $0.10 per unit. Each unit comprises one common share and one warrant, with warrants exercisable at $0.15 per share within a 2-year period.

The company will utilize the proceeds for general working capital and to advance its Moonlight-Superior Copper Project, focusing on baseline studies for permits, metallurgical studies, and geophysical surveys for deeper target exploration. The private placement included finders' fees of $5,700 and is subject to TSX Venture Exchange final acceptance.

Positive

• Successfully raised $1.165M through private placement
• Warrants provide potential additional funding at $0.15 per share
• Proceeds will advance Moonlight-Superior Copper Project development

Negative

• Dilution of existing shareholders through issuance of 11.65M new units
• Four-month hold period restricts immediate trading of new shares

Toronto, Ontario--(Newsfile Corp. - July 28, 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 $1,165,000. The Private Placement involved the issuance of 11,650,000 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. As part of the Private Placement, the Company paid Finders' fees of $5,700. 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. Such activities are expected to include baseline studies required for permit applications, metallurgical studies required for more advanced engineering studies and geophysical surveys to assist in targeting deeper targets.

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/260424

FAQ

How much did US Copper Corp (USCUF) raise in its July 2025 private placement?

US Copper Corp raised $1,165,000 through a non-brokered private placement by issuing 11,650,000 units at $0.10 per unit.

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

Each warrant allows holders to purchase one common share at $0.15 within 2 years after the closing of the private placement.

How will US Copper Corp use the proceeds from the July 2025 private placement?

The proceeds will be used for general working capital and advancing the Moonlight-Superior Copper Project, including baseline studies, metallurgical studies, and geophysical surveys.

What restrictions apply to the new shares issued in USCUF's private placement?

The securities issued are subject to a four-month hold period and the private placement requires final acceptance from the TSX Venture Exchange.