Star Copper Completes Major Spin-Out: Alpha Copper Emerges as Independent Copper Explorer

Star Copper Corp. (CSE:STCU) has successfully finalized its strategic separation of Alpha Copper Corp., marking a significant corporate restructuring that took effect on May 9, 2025. The separation followed a plan of arrangement approved under the British Columbia Business Corporations Act and officially became operative at 12:01 a.m. on that date.

The Okeover Project Transition

Under this corporate restructuring, Alpha Copper has acquired full legal and beneficial ownership of the Okeover copper-molybdenum project, a substantial exploration asset spanning 4,613 hectares (11,399 acres) positioned immediately north of Powell River in British Columbia. The project transfer was executed through the distribution of common shares in Alpha Copper’s authorized capital to Star Copper’s registered shareholders as of the close of business on May 8, 2025.

Each Star Copper shareholder received one new common share in the reorganized Star Copper alongside one-third of one Alpha Copper share as compensation for their original holdings. The distribution mechanism ensures no fractional shares are issued, with any remainder rounded down to the nearest whole share without additional compensation.

Strategic Benefits of the Separation

Darryl Jones, serving as President, CEO and Director of both entities, highlighted the rationale behind this corporate division: “This independent structure allows each company to concentrate on its respective assets and market opportunities. Star Copper can dedicate resources to advancing its flagship Star Project and the Indata copper-gold initiative, while Alpha Copper focuses exclusively on developing the Okeover Project’s exploration potential.”

The diversification strategy reflects industry best practices, where dedicated companies can pursue specialized development paths and attract investment focused on specific projects rather than diversified portfolios.

Trading and Regulatory Status

Following the restructuring, the reorganized Star Copper common shares (ISIN: CA85512H1047; CUSIP: 85512H104) continue trading across multiple exchanges: the Canadian Securities Exchange under ticker STCU, the U.S. OTC Market as STCUF, and the Frankfurt Stock Exchange in Germany under FWB: PP00. This multi-exchange listing maintains investor accessibility across North American and European markets.

Alpha Copper, now a reporting issuer registered in British Columbia, Alberta, and Ontario, will operate under applicable securities disclosure requirements but currently has no listed shares on any stock exchange. This private structure provides operational flexibility for early-stage exploration activities.

Shareholder Entitlements and Share Distribution

Computershare Investor Services Inc. administered the distribution process, issuing letters of transmittal to registered shareholders facilitating the exchange of original Star Copper certificates for both new Star Copper shares and Alpha Copper shares. The arrangement preserves the financial interests of the original investor base while creating two distinct corporate vehicles.

Star Copper’s Continued Portfolio

The reorganized Star Copper maintains its copper-focused exploration strategy in stable jurisdictions. The company retains an option to earn a 60-percent interest in the Indata copper-gold project in north-central British Columbia and holds 100-percent ownership of the Star copper-gold porphyry project situated in the Golden Triangle region. Additionally, the company controls the Quesnel project positioned within the Quesnel Trough, an area recognized for alkalic copper-gold porphyry deposits distributed across western British Columbia.

Forward-Looking Considerations

While management emphasizes the anticipated advantages of this separation structure for both exploration entities and investor diversification, future outcomes remain subject to standard industry risks. Mineral exploration success depends on factors including capital availability, regulatory approvals, commodity price fluctuations, and geological discovery potential. Investors should review the detailed information circular filed on SEDAR+ and evaluate forward-looking statements within their appropriate cautionary context.