Canterra Minerals Announces Increase to Private Placement to Fund Exploration in Newfoundland

Core Viewpoint - Canterra Minerals Corporation has announced an increase in its non-brokered flow-through private placement, aiming for total gross proceeds of up to C$5.7 million to support exploration activities in Newfoundland [1]. Group 1: Private Placement Details - The Upsized Private Placement will offer up to 10,940,000 Critical Minerals flow-through shares at a price of $0.25 per share, generating gross proceeds of up to C$2,735,000 [2]. - Additionally, up to 12,891,304 National flow-through shares will be offered at a price of $0.23 per share, with expected gross proceeds of up to C$2,965,000 [3]. - The total gross proceeds from both share offerings will be utilized 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 Upsized Private Placement will be directed towards 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 Upsized Private Placement is anticipated to close on December 23, 2025, subject to necessary approvals, including that of 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 located near historically significant mining sites [9]. - The Company’s gold projects are strategically positioned along a structural corridor that hosts mineralization related to Equinox Gold's Valentine mine [10].