US Copper Corp Proposes $750,000 Non-Brokered Private Placement

Rhea-AI Summary

US Copper Corp (OTCQB: USCUF) has announced a proposed non-brokered private placement to raise up to $750,000 through the issuance of up to 7,500,000 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 two years after closing.

The securities will be subject to a four-month hold period, and the offering's completion depends on regulatory and TSX Venture Exchange approvals. The company plans to use the proceeds for general working capital purposes.

Positive

• Warrants provide potential upside with $0.15 exercise price
• Additional working capital to support operations

Negative

• Potential dilution for existing shareholders
• 50% premium on warrant exercise price may be challenging in current market

Toronto, Ontario--(Newsfile Corp. - September 29, 2025) - US Copper Corp (TSXV: USCU) (OTCQB: USCUF) (FSE: C730) ("US Copper" or the "Company") announces a proposed non-brokered private placement for aggregate gross proceeds of up to $750,000 comprised of up to 7,500,000 units at a price of $0.10 per unit (each such unit being comprised of one common share and one warrant) (the "Offering"). 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/268474

FAQ

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

US Copper Corp is offering a $750,000 non-brokered private placement through 7,500,000 units priced at $0.10 per unit.

What are the terms of USCUF's warrant offering in September 2025?

Each warrant allows holders to purchase one common share at $0.15 within two years after the closing of the offering.

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

The company intends to use the proceeds for general working capital purposes.

What is the hold period for US Copper Corp's private placement securities?

The 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?

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