Business
Terreno Announces Closing of $500,000 Private Placement Offering for Tantalum Exploration and Development
(TheNewswire)   TORONTO – TheNewswire - February 18, 2026 - TERRENO RESOURC...
About this update from Terreno Resources Corp.
[{"type":"text","content":"Terreno Announces Closing of $500,000 Private Placement Offering for Tantalum Exploration and Development\n(TheNewswire)\n\n\n\n \n\n\nTORONTO – TheNewswire\n- February 18, 2026 - TERRENO RESOURCES CORP. (TNO.H- TSX-V)\n(“Terreno” or the “Company”) is pleased to announce completion\nof its non-brokered private placement (the “Offering”), first\nannounced on January 21, 2026.\n\n\nThe C$500,000 Offering consisted of Units of Common\nShares and Share Purchase Warrants of the Company. Ten (10) million\nUnits were offered at C$0.05.  Each Unit entitles the holder to\nreceive one Common Share of the Company valued at C$0.05 and one Share\nPurchase Warrant (a “Warrant”) exercisable at C$0.07 for a period\nof 12 months following the issue date.\n\n\nThe Warrants are subject to an acceleration provision\nwhereby at any time after the issue date, if for at least ten (10)\nconsecutive trading days, the volume weighted average price at which\nthe Common Shares trade on the Exchange each day exceeds C$0.14 per\nshare, the Company may issue a notice (the “Acceleration Notice”)\nto the Holder (which Acceleration Notice will be given to the holder\nby the Company disseminating a press release) to accelerate the expiry\ntime of the Warrant  (the “Acceleration Right”) to a date thirty\n(30) calendar days following the date of the Acceleration Notice.\n\n\n\nProceeds from the Offering will support exploration and\ndevelopment of the Company’s Metal 46 tantalum project in Bolivia\nand for general working capital.  Company President and CEO, Richard\nWilliams commented that: “I would like to thank the many\nparticipants in this offering which should allow us to make\nsignificant progress in the coming months. Favourable geopolitical\nchanges in Bolivia specifically, and positive supply and demand\ndynamics for critical mineral, tantalum, are starting to draw\nattention to our activities.” \n\n\nThe Offering received all necessary regulatory\napprovals, including those from the TSX Venture Exchange.\n\n\n    \n\n\nFinder’s fees of C$300 and 300 Warrants have been\npaid to a third party in accordance with the policies of the TSX\nVenture Exchange.  Any of the Common Shares of the Company t...