Metalero arranges $300,000 private placement

Executive Summary

• Metalero Mining Corp. announced a non‑brokered private placement for up to $300,000 in gross proceeds to fund fall 2025 exploration work on its flagship Benson project in British Columbia.
• The offering consists of up to 1.25 million flow‑through units at $0.24 per unit, each unit including one common share and a warrant to purchase an additional share at $0.40 for one year.
• Proceeds will be used for additional sampling and ground geophysics, supporting the next phase of work on Benson after the company has signed a binding LOI to acquire 100 % of the project.

Key Details

• Offering Structure: Up to 1.25 million flow‑through units (FTUs).
• Price per FTU: $0.24 (includes one common share + one warrant).
• Warrant Terms: Right to purchase one additional FT share at $0.40, exercisable for one year from issuance.
• Gross Proceeds Target: Up to $300,000.
• Use of Proceeds: Fund fall 2025 exploration on the Benson project – specifically further soil sampling and ground geophysical surveys.
• Regulatory Conditions: Subject to receipt of all required approvals, including TSX Venture Exchange approval.
• Holding Period: Securities subject to a lock‑up of four months and one day from closing.
• Tax Qualification: All shares qualify as flow‑through shares under the Canadian Income Tax Act; BC‑qualified investors may also claim B.C. flow‑through mining expenditures.
• Project Background: Metalero has a binding letter of intent to acquire 100 % of the Benson project, located in the Quesnel trough – a prolific copper‑gold belt with over 360 known alkalic porphyry occurrences.
• Qualified Person Review: Technical content reviewed and approved by Michael Dufresne, MSc, PGeol, PGeo (non‑independent qualified person per NI 43‑101).

Notable Quotes

“Our recently reported copper and gold soil anomalies at Cantin have generated a lot of interest in Benson… we have an opportunity to significantly advance the project with minimal dilution and a strategic scope of work this fall.” – Rob L'Heureux, President & CEO, Metalero Mining Corp.