Business
ATERRA Metals Announces $3 Million Private Placement
Toronto, Ontario--(Newsfile Corp. - December 16, 2025) - ATERRA Metals Inc. (CSE: ATC) (OTCQB: CSSCF) (formerly Cascada Silver Corp.) ("ATERRA" or the "Company"
About this update from Aterra Metals Inc.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - December 16, 2025) - ATERRA Metals Inc. (CSE: ATC) (OTCQB: CSSCF) (formerly Cascada Silver Corp.) (\"ATERRA\" or the \"Company\") is pleased to announce that it intends to undertake a non-brokered private placement financing from the sale of up to 154,520,550 units (\"Units\") at a price of $0.02 per Unit, to raise aggregate gross proceeds of up to $3,090,411 (the \"Offering\"). The Company has appointed Research Capital Corporation as the exclusive finder for the Offering. The Offering will consist of: up to 104,520,550 Units for gross proceeds of up to $2,090,411 to be issued on a prospectus-exempt basis pursuant to the \"listed issuer financing exemption\" (\"LIFE\") under applicable Canadian securities laws (the \"LIFE Offering\"); and up to 50,000,000 Units for gross proceeds of up to $1,000,000, to be issued on a prospectus-exempt basis other than under LIFE (the \"Private Placement Offering\", and together with the LIFE Offering, the \"Offerings\"). Each Unit shall be comprised of one (1) common share of the Company (each, a \"Share\") and one (1) warrant (each, a \"Warrant\"). Each Warrant will entitle the holder thereof to acquire one Share from the Company at a price of $0.05 per Share for a period of thirty-six (36) months from the date of issuance. The Warrants will not be exercisable for a period of sixty (60) days following closing of the Offerings. The Company intends to use the net proceeds from the Offerings to fund option payments and exploration activities at the Frontera, Taruca and Clinton properties. In addition, a portion of the funds raised will be used for working capital requirements and other general corporate purposes. Subject to compliance with applicable regulatory requirements and in accordance with NI 45-106, the LIFE Offering is being made to purchasers resident in Canada, except Quebec, pursuant to LIFE under Part 5A of NI 45-106. The Units to be issued and sold under the LIFE Offering will not otherwise be subject to resale restrictions pursuant to applicable Canadian securities laws. The Units issued under the Private Placement Offering will be offered to accredited investors pursuant to applicable prospectus exemptions in accordance with National Instrument 45-106 - Prospectus Exemptions (\"NI 45-106\") and the Shares and Warrants underlying...