on Zimtu Capital Corp. (isin : CA9895892052)
Zimtu Capital Completes Copperline Property Sale to Star Copper Corp.
Zimtu Capital Corp. has finalized the sale of its Copperline property to Star Copper Corp. The transaction, initially announced in July 2025, transfers 100% interest in the property located in north-central British Columbia. The Copperline asset comprises seven mineral claims spanning 2,687 hectares, situated near Skutsil Knob.
Under the agreement terms, Zimtu receives $350,000 in cash, split between an initial $100,000 and a further $250,000 six months post-closing. Additionally, Zimtu gains 500,000 common shares of Star Copper, with share disbursements occurring concurrently with cash payments.
A milestone bonus of $1.5 million, divided equally between cash and shares, may be awarded to Zimtu upon Star Copper's publication of a qualifying mineral resource estimate. Furthermore, Zimtu retains a 2% net smelter returns royalty from future mineral production.
R. E.
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