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 7.5 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 have 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. Additionally, director Norm Yurik has resigned effective immediately to focus on other professional commitments.

Positive

• Warrants provide potential upside with $0.15 exercise price, 50% above unit price
• Proceeds will strengthen working capital position

Negative

• Potential dilution from issuance of up to 7.5 million new shares
• Additional dilution possible from warrant exercise
• Director resignation could indicate internal challenges

News Market Reaction

+2.02%

1 alert

+2.02% News Effect

On the day this news was published, USCUF gained 2.02%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Toronto, Ontario--(Newsfile Corp. - July 14, 2025) - US Copper Corp (TSXV: USCU) (OTCQB: USCUF) (FSE: C73) ("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.

In addition, the Company announces that Norm Yurik has resigned as a director of the Company, effective immediately, in order to devote his attention to other professional commitments. The board of directors of the Company would like to thank Mr. Yurik for his contributions and they wish him success in his future endeavours.

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/258813

FAQ

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

US Copper Corp is offering up to 7.5 million units at $0.10 per unit, aiming to raise up to $750,000 in gross proceeds.

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?

The company intends to use the proceeds 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.

Who resigned from US Copper Corp's board of directors?

Norm Yurik resigned as a director of the company, effective immediately, to focus on other professional commitments.