Canterra Minerals Announces $5.0 Million Private Placement to Fund Exploration in Newfoundland

Core Viewpoint - Canterra Minerals Corporation is conducting a non-brokered flow-through private placement to raise up to C$5.0 million through the issuance of Critical Minerals flow-through shares and National flow-through shares [1] Group 1: Private Placement Details - Up to 10,000,000 Critical Minerals flow-through shares will be offered at a price of $0.25 per share, aiming for gross proceeds of up to C$2,500,000 [2] - Up to 10,869,565 National flow-through shares will be offered at a price of $0.23 per share, also targeting gross proceeds of up to C$2,500,000 [3] - The total gross proceeds from both share types will be used for Canadian exploration expenses, qualifying as "flow-through critical mineral mining expenditures" and "flow-through mining expenditures" as defined by the Income Tax Act [4] Group 2: Use of Proceeds - The net proceeds from the private placement will be allocated for the exploration of the Company's projects in central Newfoundland, specifically the Wilding Gold and Buchans Projects [5] Group 3: Closing and Regulatory Information - The private placement is expected to close on December 23, 2025, subject to necessary approvals, including from the TSX Venture Exchange [7] - The shares will be subject to a hold period of four months plus one day following the closing date under applicable Canadian securities laws [7] Group 4: Company Overview - Canterra Minerals is a diversified minerals exploration company focused on critical minerals and gold in central Newfoundland, with projects near the past-producing Buchans Mine and Teck Resources' Duck Pond Mine [9] - The Company's gold projects are located along a structural corridor that hosts mineralization within Equinox Gold's Valentine mine project, indicating significant exploration potential [10]