Oreterra Metals arranges $6-million financing

Executive Summary

• Oreterra Metals Corp. announced a non-brokered private placement financing for aggregate gross proceeds of up to $6 million.
• The proceeds will primarily fund the first-ever drilling program at the Trek South porphyry copper-gold prospect in the Golden Triangle, British Columbia, with remaining funds for general working capital.
• The offering consists of Hard-Dollar (HD) units at $0.45 and Flow-Through (FT) units at $0.50, with closing scheduled for March 20, 2026, subject to TSX Venture Exchange approval.

Key Details

• Gross Proceeds: Up to $6,000,000.
• Instrument Structure:
  • Hard-Dollar (HD) Units: Priced at $0.45 per unit. Each unit comprises one common share and one common share purchase warrant.
  • Flow-Through (FT) Units: Priced at $0.50 per unit. Each unit comprises one common flow-through share and one common share purchase warrant.
• Warrant Terms: Each warrant (attached to both HD and FT units) entitles the holder to acquire one additional common share at an exercise price of $0.60 per share for a period of three years following closing.
• Use of Proceeds:
  • Majority of proceeds from both HD and FT units to carry out the first-ever drilling of the Trek South prospect in the 2026 field season.
  • Net proceeds from HD units primarily for exploration activities at the Trek property and general working capital.
  • FT share proceeds used to incur eligible resource exploration expenses qualifying as Canadian exploration expenses and flow-through critical mineral mining expenditures.
• Flow-Through Renunciation: Qualifying expenditures of not less than the gross proceeds from FT shares will be incurred (or deemed incurred) on or before December 31, 2027, and renounced to initial purchasers with an effective date no later than December 31, 2026.
• Advisory Fees: Fiscal advisory agreement with Canaccord Genuity Corp. for $25,000, payable in HD units at $0.45 per unit.
• Finder’s Fees: 6% finders' fees in cash, securities, or combination, subject to TSX Venture Exchange rules.
• Insider Participation: Insiders may participate for up to 10% of the offering. Exempt from MI 61-101 valuation and minority shareholder approval requirements as the fair market value of consideration to insiders will not exceed 25% of market capitalization.
• Closing Date: Scheduled for March 20, 2026, subject to regulatory approvals including TSX Venture Exchange.
• Hold Period: All securities subject to a hold period of four months and one day from the closing date.
• Technical Report: A NI 43-101 technical report on the Trek property dated January 20, 2026, is available, recommending two initial phases of drilling at Trek South for the 2026 field season.
• Company Background: Oreterra Metals (ticker: OTMC) commenced trading on February 2, 2026, following a restructuring from Romios Gold Resources Inc. Other assets include the Kinkaid claims (Nevada), Scossa mine property (Nevada), and Lundmark-Akow Lake property (Ontario).

Notable Quotes

• None explicitly quoted in the text provided.