Star Copper Completes Spin-Out of Okeover Project to Alpha Copper

Star Copper Corp. and Alpha Copper announce the completion of a strategic spin-out plan. Effective May 9, 2025, Star Copper transferred its full interest in the Okeover copper-molybdenum project to Alpha Copper shareholders. This project, spanning 4,613 hectares near Powell River, BC, now belongs entirely to Alpha Copper shareholders through distribution of Spinco Shares.

Darryl Jones, President of both firms, stated the spin-out will enhance shareholder value by allowing focused development on respective flagship projects. The arrangement follows regulations set by the Business Corporations Act of British Columbia. Shareholders received one new Star Copper share and one-third of a Spinco Share for each original share held.

New Star Copper Shares are now trading across Canadian, American, and German exchanges, while Spinco Shares remain unlisted. Alpha Copper, now a reporting issuer, will adhere to continued disclosure obligations in BC, Alberta, and Ontario.