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US Copper Corp. (USCU) Financings

TSXV: USCU · Copper · Advanced Exploration stage

US Copper controls approximately 10 square miles of patented and unpatented federal mining claims in the Light's Creek Copper District in Plumas County, NE California; essentially, the entire District. The District contains substantial copper sulfide and copper oxide resources in three company-owned deposits - Moonlight, Superior and Engels, as well as several partially tested and untested exploration targets. The Superior and Engels Mines operated from about 1915 to 1930 producing over 161 million pounds of copper with silver and gold credits from over 4 million tons of rock containing 2. 2% copper. The Moonlight deposit was discovered by Placer Amex during the 1960s and a resource was calculated after the drilling of over 400 holes. A development decision was made but then put on hold in 1972 when copper prices were weak. US Copper has owned the Moonlight-Superior Project since 2013 and has advanced it with three different drill programs and a number of engineering studies. US Copper recently reported an after-tax NPV of US$1. 075 billion in a Preliminary Economic Assessment ('PEA') prepared by Global Resource Engineering Ltd ('GRE') dated Dec 16, 2024 with a life of mine production of 1. 8 billion pounds of copper (See news release dated Jan 6, 2025). GRE calculated a new mineral resource for the purposes of this PEA that included all recent drill programs on the property.

US Copper Corp. financial statements

Key figures read from 39 of 39 financial statement filings, Nov 28, 2016 to Aug 30, 2026. Each column is the period as the company first filed it.

Balance sheet: annual key figures

Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.

Dec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Cash and equivalentsC$1,554,341C$41,075C$581,096C$1,880,449C$2,531,780
Short-term investmentsC$128,000C$38,250C$89,250C$110,000C$32,000
Total current assetsC$1,693,773*C$83,265*C$675,772*C$1,998,237*C$2,657,397*
Total assetsC$1,711,749C$105,741C$703,868C$2,033,353C$2,701,313
Debt————C$0
Total liabilitiesC$49,460C$168,228C$69,782C$32,274C$37,563
Shareholders' equityC$1,662,289(C$62,487)C$634,086C$2,001,079C$2,663,750

* Calculated from the statement's own lines: the company did not print this total with a label.

Income statement: annual key figures

Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.

FY Dec 2025FY Dec 2024FY Dec 2023FY Dec 2022FY Dec 2021
Exploration and evaluation expenseC$366,274C$586,745C$1,198,095C$281,863C$1,487,332
General and administrativeC$135,892C$110,707C$98,378C$49,203C$191,038
Share-based compensationC$261,000C$0C$132,000C$15,000C$220,000
Net income (loss)(C$1,134,001)(C$890,433)(C$1,648,993)(C$677,671)(C$2,410,928)

Cash flow statement: annual key figures

Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.

FY Dec 2025FY Dec 2024FY Dec 2023FY Dec 2022FY Dec 2021
Operating cash flow(C$1,084,511)(C$733,881)(C$1,449,353)(C$651,331)(C$2,298,684)
Investing cash flow———C$0(C$43,916)
Financing cash flowC$2,597,777C$193,860C$150,000C$0C$3,241,991
Change in cashC$1,513,266(C$540,021)(C$1,299,353)(C$651,331)C$899,391

No financings are on record for US Copper Corp. yet.

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