Magna Terra Announces $2,000,000 Private Placement

Magna Terra Minerals Inc. (MTT) announced a non-brokered private placement designed to raise $2,000,000 in gross proceeds, pending regulatory approvals. The offering comprises 6,315,789 premium flow-through common shares priced at $0.2375 per share and 2,857,143 common shares priced at $0.175 per share.

Proceeds from the flow-through shares are designated for Canadian exploration expenses at projects in Newfoundland and New Brunswick, while funds from the common shares are allocated for general working capital. Insider Michael Gentile, the company’s largest shareholder with a 17% stake, intends to participate in the offering. The transaction is subject to TSX Venture Exchange and regulatory approvals, with a four-month-and-one-day hold period on all issued securities.

Magna Terra Minerals Inc. (MTT) has secured financing to provide essential working capital and exploration funding, directly addressing the negative operating cash flow and going concern warnings noted in the company's Q3 2026 MD&A. The transaction involves the issuance of approximately 9.2 million new shares, a level of dilution considered moderate but necessary for an early-stage explorer with no revenue and a quarterly cash burn of $1.32 million.

The capital raise aligns with the company's stated strategy of advancing district-scale projects in Atlantic Canada while leveraging option agreements for non-dilutive liquidity. The deal features premium pricing on flow-through shares at $0.2375, compared to $0.175, a move that indicates strong insider confidence and tax incentive alignment for Canadian investors. This news is expected and incremental, fitting the routine positive category as it follows a series of exploration updates and option payments that have already driven the stock from $0.09 to $0.21 over the past year.

Magna Terra Minerals Inc. (MTT) is an exploration-stage company focused on district-scale mineral properties in Newfoundland, New Brunswick, and Argentina. Its flagship projects include the Humber Copper-Cobalt Project (49,925 hectares), the Rocky Brook Project (34,202 hectares), and the newly acquired Prospect Or's Dream epithermal gold project (15,923 hectares).

The company holds a 19% undiluted equity interest in Gold Hunter Resources (Great Northern Project) and has optioned the Luna Roja project in Argentina to Lunex Metals. All projects are in the exploration phase, with activities focused on soil sampling, geophysics, trenching, and drilling to define targets and attract partners.