Financings

Oreterra Announces Further Over-Subscription and Upsizing of Non-Brokered Private Placement to $9 Million

By The Northwire Desk — AI Analysis Feb 18, 2026 · 07:31 OTMC · 0.475 Oreterra Metals Corp.

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Oreterra Metals Corp. announced an upsized non‑brokered private placement, increasing total gross proceeds to up to $9 million.
The offering consists of up to $4.5 M in hard‑dollar units at $0.45 each and up to $4.5 M in flow‑through units at $0.50 each, with closing expected on or before February 27, 2026.
Proceeds will be used for exploration at the Trek property, general working capital, and qualifying flow‑through expenditures under Canadian tax rules.

Upsize Amount: Additional $1 M to previously announced private placement (total up to $9 M).
Units Offered:
Hard‑Dollar Units (HD Units): Up to $4.5 M; price $0.45 per unit. Each unit = 1 common share + 1 warrant to purchase an additional share at $0.60 (exercise period: 3 years).
Flow‑Through Units (FT Units): Up to $4.5 M; price $0.50 per unit. Each unit = 1 flow‑through share + 1 warrant to purchase an additional share at $0.60 (exercise period: 3 years).
Insider Allocation: Insiders may subscribe for up to 5 % of the total offering, exempt from MI 61‑101 valuation and minority shareholder approval limits.
Finder’s Fee: Up to 6 % of proceeds payable in cash or securities, subject to TSXV rules.
Use of Proceeds:
HD Units: Primarily for exploration at the Trek property and general working capital.
FT Units: Entire gross proceeds will be used for eligible Canadian exploration expenses that qualify as flow‑through critical mineral mining expenditures; these must be incurred by Dec 31 2027 and renounced to purchasers by Dec 31 2026.
Closing Conditions: Expected on or before Feb 27 2026, subject to regulatory approvals (including TSXV). All securities will have a hold period of four months and one day from the closing date.
Regulatory Disclaimers: Securities not registered under U.S. law; offering limited to jurisdictions where exemptions apply.

(No direct quotes were provided in the release.)

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