ATERRA Closes $2.78 Million Private Placement

Executive Summary

• ATERRA Metals closed a non‑brokered private placement raising $2,780,000 in gross proceeds.
• The offering consisted of 139 million units at $0.02 per unit, each unit containing one common share and half a warrant (full warrant price $0.05).
• Net proceeds will fund option payments, exploration on the Totora Properties (Clinton, Taruca, Frontera), working capital and other corporate purposes, with a Phase I drill program slated for the current fiscal quarter.

Key Details

• Units Issued: 139,000,000 units @ $0.02/unit → $2,780,000 gross proceeds.
• Unit Composition: 1 common share + ½ warrant (full warrant exercisable at $0.05/share for 36 months).
• Insider Participation: Insiders and consultants purchased 13 % of the offering (~18.07 million units). A director/officer bought 6,750,000 units; transaction qualifies as a related‑party transaction under MI 61‑101.
• Finder’s Fee: Cash finder’s fees paid totaled $2,000 to Research Capital Corporation (exclusive finder).
• Use of Proceeds:
• Fund option payments and exploration on the Totora Properties (Clinton, Taruca, Frontera).
• Commence mapping, geophysical surveys, and a Phase I drill program in the current fiscal quarter.
• Working capital and general corporate purposes.
• Exploration Outlook: ATERRA plans infill and expansion drilling on at least four historic copper‑gold porphyries, targeting a NI 43‑101‑compliant resource estimate by Q3 2026.
• Regulatory Notes: Units subject to a statutory hold period of 4 months + 1 day; offering not registered in the U.S.; compliance with Canadian securities laws and MI 61‑101 exemptions noted.

Notable Quotes

“We are very thankful for the tremendous support received for this financing… With the financing closed, we will start exploring the Totora Properties… our focus will be on infill and expansion drilling in preparation for publishing a NI 43-101‑compliant resource estimate during the third quarter 2026.” – Carl Hansen, CEO, ATERRA Metals Inc.