Star Copper Gains Approvals for Okeover Project Spin-Out

Star Copper Corp. has received shareholder and court approvals for the spin-out of its Okeover copper-molybdenum project via Alpha Copper Corp. Shareholders, representing 41.75% of shares, approved the plan. The Supreme Court of British Columbia also sanctioned the arrangement, paving the way for completion on May 9, 2025. Shareholders will receive one new Star Copper share and one-third of a Spinco share for each common share held. Spinco will remain unlisted but will function as a reporting issuer in British Columbia, Alberta, and Ontario.

The transaction will allow Star Copper to concentrate on advancing its Star Project in British Columbia's Golden Triangle. CEO Darryl Jones expressed optimism about unlocking Okeover's value and separately progressing the project under Spinco. After the spin-out, Star Copper shares will continue trading on multiple exchanges. Spinco will comply with Canadian disclosure obligations. Further details are available in the company's Information Circular, filed on SEDAR+.