Metalero amends placement terms for Benson work

Executive Summary

• Metalero Mining Corp. revised its non‑brokered private placement, now offering up to 1,428,572 flow‑through units at C$0.21 per unit, each with a warrant to purchase an additional common share at C$0.26.
• The gross proceeds target of C$300,000 will fund fall 2025 exploration work on the flagship Benson project (sampling and ground geophysics).
• Units carry a four‑month‑plus hold period; the offering remains subject to TSX Venture Exchange approval and other customary conditions.

Key Details

• Offering Size: Up to C$300,000 gross proceeds.
• Units Offered: Up to 1,428,572 flow‑through units at C$0.21 per unit.
• Unit Composition: Each unit = one flow‑through common share + one common share purchase warrant.
• Warrant Terms: Right to buy one additional non‑flow‑through common share at C$0.26; exercisable for two years from issuance.
• Tax Treatment: All shares qualify as flow‑through shares under the Canada Income Tax Act; BC‑qualified individuals may also claim B.C. flow‑through mining expenditures.
• Use of Proceeds: Support fall 2025 exploration on Benson (additional sampling, ground geophysics).
• Holding Period: Four months and one day from closing date.
• Conditions: Subject to receipt of all required approvals, including TSX Venture Exchange approval.
• Project Background: Metalero has a binding LOI to acquire 100 % of the Benson project in BC’s Quesnel trough, an area with >360 known alkalic copper‑gold porphyry occurrences. Recent AI analysis identified five high‑potential target areas on the 166‑km² land package.
• Qualified Person: Technical content reviewed and approved by Michael Dufresne, MSc, PGeol, PGeo (non‑independent qualified person per NI 43‑101).

Notable Quotes

(No direct quotes were provided in the release.)