Terreno Announces Closing of $500,000 Private Placement Offering for Tantalum Exploration and Development

About this update from Terreno Resources Corp.

Terreno Announces Closing of $500,000 Private Placement Offering for Tantalum Exploration and Development (TheNewswire)   TORONTO – TheNewswire - February 18, 2026 - TERRENO RESOURCES CORP. (TNO.H- TSX-V) (“Terreno” or the “Company”) is pleased to announce completion of its non-brokered private placement (the “Offering”), first announced on January 21, 2026. The C$500,000 Offering consisted of Units of Common Shares and Share Purchase Warrants of the Company. Ten (10) million Units were offered at C$0.05.  Each Unit entitles the holder to receive one Common Share of the Company valued at C$0.05 and one Share Purchase Warrant (a “Warrant”) exercisable at C$0.07 for a period of 12 months following the issue date. The Warrants are subject to an acceleration provision whereby at any time after the issue date, if for at least ten (10) consecutive trading days, the volume weighted average price at which the Common Shares trade on the Exchange each day exceeds C$0.14 per share, the Company may issue a notice (the “Acceleration Notice”) to the Holder (which Acceleration Notice will be given to the holder by the Company disseminating a press release) to accelerate the expiry time of the Warrant  (the “Acceleration Right”) to a date thirty (30) calendar days following the date of the Acceleration Notice. Proceeds from the Offering will support exploration and development of the Company’s Metal 46 tantalum project in Bolivia and for general working capital.  Company President and CEO, Richard Williams commented that: “I would like to thank the many participants in this offering which should allow us to make significant progress in the coming months. Favourable geopolitical changes in Bolivia specifically, and positive supply and demand dynamics for critical mineral, tantalum, are starting to draw attention to our activities.” The Offering received all necessary regulatory approvals, including those from the TSX Venture Exchange.      Finder’s fees of C$300 and 300 Warrants have been paid to a third party in accordance with the policies of the TSX Venture Exchange.  Any of the Common Shares of the Company that are issued and those issuable from any finder’s Warrants will be subject to a hold period ...

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