Star Copper (CSE:STCU) has closed its non-brokered private placement, raising C$7.31 million ($7.54 million) to fund exploration expenditure at the company’s flagship Star Project in British Columbia, Canada.
The company issued 5.84 million flow-through shares at C$1.25 per share, which includes an additional 1.04 million flow-through shares sold in the upsizing.
The placement was upsized by an additional C$1.31 million.
Funds will be used to cover exploration at the Star Project, which will include an “aggressive” 2026 drill campaign with step-out drilling, deeper testing of targets, and follow-up drilling guided by three-dimensional geological modelling and planned deep-penetrating 3D geophysics.
As reported by Mining.com.au, Star Copper opened the placement in mid-February to raise an initial C$5 million.
Star Copper is an explorer and developer focused on developing high-potential copper projects in mining-friendly jurisdictions.
Located within the Golden Triangle and Golden Horseshoe regions of British Columbia, the Star Project is an alkalic copper-gold porphyry asset.
The company is still awaiting drill results from last year’s campaign at the Star Project.
Copper has experienced a 21.25% increase in market demand in this year over year, currently priced at US$5.85 per pound as of 12 March 2026, according to Trading Economics.
Write to Maddison Elliott at Mining.com.au
Images: Star Copper
