Business
ATERRA Metals Provides Update on Private Placement
Toronto, Ontario--(Newsfile Corp. - December 22, 2025) - ATERRA Metals Inc. (CSE: ATC) (OTCQB: CSSCF) ("ATERRA" or the "Company") is pleased to announce that du
About this update from Aterra Metals Inc.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - December 22, 2025) - ATERRA Metals Inc. (CSE: ATC) (OTCQB: CSSCF) (\"ATERRA\" or the \"Company\") is pleased to announce that due to strong investor demand, it has updated the structure of its previously announced financing (see the Company's news release dated December 16, 2025), from a hybrid offering that included a portion under the \"listed issuer financing exemption\" (\"LIFE\"), to solely a non-brokered private placement on a prospectus-exempt basis (excluding LIFE) of up to 139,000,000 units (\"Units\") at a price of $0.02 per Unit, to raise aggregate gross proceeds of up to $2,780,000 (the \"Offering\"). Research Capital Corporation remains the exclusive finder for the Offering. Each Unit will be comprised of one (1) common share of the Company (each, a \"Share\") and one-half (1/2) warrant (each whole warrant, a \"Warrant\"), instead of a full Warrant as was previously contemplated. 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 change in structure allows the Company to both maintain and increase its ability to rely on LIFE in future financings and the reduction of the number of Warrants issuable also permits the Company to close the Offering without seeking shareholder consent, something that had previously been required in accordance with the policies of the Canadian Securities Exchange (the \"CSE\"). \"We are very pleased that our existing and prospective new investors participating in the Offering are supportive of ATERRA's vision for developing our portfolio of projects in Chile. This updated structure provides us with the flexibility to aggressively pursue those goals into 2026 with greater future financing options at our disposal, while also providing us with capital to hit the ground running in the new year,\" commented ATERRA's CEO, Carl Hansen. \"Further, in response to numerous enquiries, ATERRA is not contemplating a share consolidation in the immediate future.\" The Company intends to use the net proceeds from the Offering to fund option payments and exploration activities at the Frontera, Taruca and Clinton copper-gold properties (the \"Properties\"), as well as for working capital requirements and other general corporate purposes. At ...