Alpha Copper Corp ( (TSE:STCU) ) has shared an update.
Star Copper Corp. announced a non-brokered private placement aiming to raise up to $2 million through the issuance of 8 million units, each consisting of one common share and one share purchase warrant. The proceeds will be used for project evaluation, general working capital, and fulfilling existing property commitments. The company also delayed the start of a consulting services agreement with Upswitch Media Corp. by one month. This move is expected to bolster Star Copper’s financial position and support its ongoing copper-gold projects in British Columbia, enhancing its role in the green economy.
More about Alpha Copper Corp
Star Copper Corp. is focused on contributing to the green economy by finding and developing copper resource assets in stable jurisdictions. The company is positioned to earn a 60% interest in the Indata copper-gold project in north-central British Columbia. It has acquired 100% ownership of the Star copper-gold porphyry project in the Golden Triangle of British Columbia and the Quesnel project in the Quesnel Trough. Additionally, it holds a 100% interest in the Copper-Molybdenum Okeover project north of Powell River.
YTD Price Performance: 90.62%
Average Trading Volume: 18,030
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$6.31M
Learn more about STCU stock on TipRanks’ Stock Analysis page.