ATERRA Metals plans $3 million private placement financing

ATERRA Metals Inc. (CSE: ATC) (OTCQB: CSSCF) announced plans to raise up to $3.09 million through a private placement of up to 154.5 million units priced at $0.02 each.

The offering consists of two parts: up to 104.5 million units for gross proceeds of up to $2.09 million under the listed issuer financing exemption, and up to 50 million units for gross proceeds of up to $1 million through a private placement to accredited investors.

Each unit includes one common share and one warrant. The warrants allow holders to purchase additional shares at $0.05 per share for 36 months from issuance, with a 60-day restriction period following closing.

The Toronto-based mineral exploration company will use proceeds to fund option payments and exploration activities at its Frontera, Taruca and Clinton properties in Chile. Additional funds will support working capital and general corporate purposes.

Company insiders indicated they intend to subscribe for up to 7.5 million units under the private placement portion. Research Capital Corporation serves as the exclusive finder for the offering.

The offerings are expected to close during the week of January 12, 2026, subject to regulatory approvals including from the Canadian Securities Exchange and securities regulatory authorities. The private placement portion requires shareholder approval, which the company will seek through written resolution from majority shareholders.

Finder fees of up to 7% of gross proceeds may be paid in cash or shares for introduced purchasers, according to CSE policies.

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