Metalero Closes Second Tranche of Oversubscribed Private Placement

Executive Summary

• Metalero Mining Corp. closed the second tranche of its non‑brokered private placement, raising $108,679.83 from the sale of 517,523 flow‑through units at $0.21 per unit.
• Each unit includes one flow‑through common share and one common‑share purchase warrant (exercise price $0.26, two‑year term).
• Proceeds are earmarked to fund Fall/Winter 2025 and early 2026 exploration work on the Benson Project, including sampling and ground geophysics.

Key Details

• Units sold: 517,523 flow‑through units (FT Units) at $0.21 per unit.
• Gross proceeds: $108,679.83.
• Unit composition: 1 FT common share + 1 warrant to purchase one additional non‑flow‑through common share at $0.26 (exercisable for two years).
• Finder’s compensation: $8,694 cash paid and issuance of 41,402 non‑transferable Finder’s Warrants (each allows purchase of one common share at $0.21, exercisable for up to two years).
• Hold period: All securities subject to a hold period until April 13, 2026.
• Use of proceeds: Support exploration activities on the Benson Project during Fall/Winter 2025 and early 2026 (sampling, ground geophysics, etc.).
• Tax considerations: FT shares qualify as flow‑through shares under the Canadian Income Tax Act; BC‑qualified investors may also claim BC flow‑through mining expenditures.

Notable Quotes

“The successful closing of this tranche provides us with essential capital to advance our exploration program at Benson and continue building value for our shareholders.” – Rob L'Heureux, CEO & President.