Gold Terra Announces C$6.3 Million Private Placement, Including 2 Strategic Investors Eric Sprott and David Harquail

Gold Terra Resource Corp. announced a C$6.3 million private placement on November 12, 2025. The financing includes participation from notable strategic investors Eric Sprott and David Harquail.

The placement is structured in three tranches: - 15,000,000 common shares at C$0.10 per share for gross proceeds of C$1.5 million. - 30,000,000 charitable flow-through shares at C$0.14 per share for gross proceeds of C$4.2 million. - 5,000,000 flow-through shares at C$0.12 per share for gross proceeds of C$600,000.

The proceeds will be used to fund the company's drilling program on the southern extension of the Campbell Shear target at the Con Mine Option property, scheduled to begin in January 2026.

This financing is a game-changing event for Gold Terra. The company was facing a significant capital crunch, as evidenced by its March 31, 2025 financial statements which showed only C$304k in cash against C$1.23 million in current liabilities. A C$4.4 million capital injection in May 2025 (C$2.4M financing + C$2M from Osisko) stabilized the company, but this new C$6.3 million raise moves it from survival to a position of strength.

The key material impacts are: - Financial De-risking: The company is now fully funded to execute its planned 2026 drilling program without the immediate threat of needing to raise more capital. This removes a major financing overhang that was likely suppressing the share price. - Strategic Endorsement: The participation of Eric Sprott and David Harquail is a massive vote of confidence. Sprott is arguably the most influential investor in the junior mining sector, and his involvement provides significant validation of the project's potential and management's strategy. This will attract broader market interest. - Favorable Terms: The financing was conducted at favorable price points. The common share portion at C$0.10 is in line with the recent market price, and the flow-through portions were done at significant premiums (C$0.12 and C$0.14), minimizing dilution for the capital raised. - Strategic Execution: In May 2025, the company announced it was pausing its expensive deep drilling program after confirming the Campbell Shear structure at depth but with low-grade results (hole GTCM25-056A). Management pivoted to focus on near-surface targets to expand its existing resource. This financing provides the capital to execute that revised, more pragmatic strategy.

This news confirms the market's support for the company's new focus on near-surface resource expansion. It follows a series of news releases (starting September 2025) that laid out this strategy, building anticipation for a well-funded program. The expectations for the upcoming drill program are now very high.

Gold Terra is a Canadian gold exploration company focused on the Yellowknife City Gold Project (YCGP) in the Northwest Territories. The project is a district-scale land package (918 sq km) in a historically prolific high-grade gold camp that produced over 14 million ounces. The company's primary focus is the Con Mine Option (CMO) property, optioned from Newmont, which hosts the past-producing Con Mine (6.1 Moz Au). The exploration target is the Campbell Shear, a major structure that was the source of the high-grade gold mineralization at the Con Mine. The current MRE (October 2022) on the CMO property stands at 109,000 oz Indicated and 432,000 oz Inferred.