Metalero Mining (MLO) Announces $300,000 Private Placement to Advance Benson Project

Core Viewpoint - Metalero Mining Corp. is initiating a non-brokered private placement to raise up to $300,000 for advancing its Benson Project in the Quesnel Trough, British Columbia, amidst growing interest in copper and gold exploration in the region [1][2]. Company Summary - Metalero Mining Corp. is a Canadian junior exploration company focused on copper and gold projects, with its flagship Benson Project covering 166 square kilometers and containing multiple prospects for mineralization [8]. - The company has signed a binding Letter of Intent to acquire 100% of the Benson Project, which is strategically located in a significant mineral belt known for its copper-gold porphyry occurrences [5]. Offering Details - The private placement will consist of up to 1,250,000 flow-through units priced at $0.24 each, with each unit comprising one flow-through common share and one warrant, allowing the purchase of an additional share at $0.40 for one year [2][4]. - Proceeds from the offering will fund exploration activities at Benson, including sampling and ground geophysics, scheduled for Fall 2025 [4]. Project Background - The Benson Project is situated in the Quesnel Trough, a major mineral belt in Canada, which hosts over 360 copper-gold porphyry occurrences and significant mines such as Highland Valley and Mt Milligan [5][6]. - The project benefits from proximity to infrastructure, including Highway 26 and logging roads, facilitating efficient exploration [7]. Exploration Potential - Recent AI studies have identified high-potential anomalies at Benson, indicating similarities to known porphyry deposits, with historical exploration revealing numerous gold and copper surface geochemical anomalies [7].