Core Viewpoint - Teras Resources Inc. has faced significant challenges, including the inability to file audited financial reports for fiscal years 2022 and 2023, leading to a downgrade of its Exchange listing to NEX and a halt in trading [2] Group 1: Financial and Operational Challenges - The company struggled during COVID-19 and could not renew its land lease for the Cahuilla project, which hindered its ability to raise necessary funds for project advancement and financial audits [2] - As of October 18, 2025, Teras has signed an agreement with NatBridge Resources Ltd. to divest its Cahuilla project, which is expected to provide the funds needed to complete three years of audits and advance other projects [3] Group 2: Future Plans and Developments - The company plans to renew its TRA.V listing following the completion of the audits and the divestment of the Cahuilla project [3] - Further details regarding the transaction and the progress on the company's audits will be released in due course [4]
Teras Shareholder Update
Newsfile·2025-10-23 17:49