Terreno Announces Private Placement Offering Of Up To C$500,000 For Tantalum Exploration And Development

About this update from Terreno Resources Corp.

Terreno Announces Private Placement Offering Of Up To C$500,000 For Tantalum Exploration And Development (TheNewswire)   TORONTO, JANUARY 21st, 2026 – TheNewswire - TERRENO RESOURCES CORP. (TNO.H- NEX) (“Terreno” or the “Company”) is pleased to announce a non-brokered private placement (the “Offering”) for gross proceeds of up to $500,000. The Offering will be in Units and will consist of a combination of Common Shares and Share Purchase Warrants of the Company. The 10 Million Units will be offered at C$0.05.  Each Common Share will entitle the holder to purchase one Common Share of the Company at C$0.05 and one Share Purchase Warrant at C$.07 for a period of 12 months following the issue date. The Share Purchase 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 Share Purchase Warrant  (the “Acceleration Right”) to a date thirty (30) calendar days following the date of the Acceleration Notice. The Company intends to use the proceeds of the Offering for the exploration and development of the Company’s Metal 46 tantalum project in Bolivia and for general working capital. The closing of the Offering is subject to receipt of all necessary regulatory approvals, including those of the TSX Venture Exchange.  Finder’s fees or commissions or share purchase warrants will be payable in accordance with market conditions and 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 ending on the date that is four months plus one day following the issue date of those share in accordance with applicable securities laws.    The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securitie...

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