ATERRA Metals Announces Brokered Life Offering for up to $6 Million
Toronto, Ontario--(Newsfile Corp. - September 29, 2026) - ATERRA Metals Inc. (CSE: ATC) (OTCQB: CSSCF) ("ATERRA" or the "Company") is pleased to announce that it has entered into an agreement with Research Capital Corporation as the lead agent and sole bookrunner, on behalf of a syndicate of agents, (collectively, the "Agents") in connection with a brokered, best-efforts listed issuer financing exemption private placement offering (the "Offering") of common shares of the Company (the "Common Shares") at a price of $0.06 per Common Share (the "Issue Price") for a minimum of $4,000,000 and a maximum of $6,000,000 in aggregate gross proceeds.
The Company will grant the Agents an option (the "Agents' Option") to increase the size by up to an additional 15% of the number of Common Shares sold in the Offering, by giving written notice of the exercise of the Agents' Option, or a part thereof, to the Company at any time up to two (2) business days prior to closing of the Offering.
The Company intends to use the net proceeds of the Offering to advance the Phase II exploration program at its Totora Copper-Gold Project, located in the Dos Amigos Mining District in Region III, Chile, and for general working capital and corporate purposes. On September 24, 2026, ATERRA announced a maiden Inferred Mineral Resource estimate for Totora of 159.8 million tonnes grading 0.51% copper equivalent, comprising 0.30% copper and 0.15 grams per tonne gold, based on a 0.2% copper cutoff grade. The Phase II program is expected to include infill drilling aimed at increasing confidence in the current Inferred Mineral Resource, resource expansion drilling, and further evaluation of grassroots exploration targets within the Totora Project area using geophysics and, where warranted, diamond drilling. The Company also intends to commence a program of preliminary metallurgical test work as part of the Phase II program.
The Common Shares will be offered for sale pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions, as amended by CSA Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (collectively, the "Listed Issuer Financing Exemption"), in all provinces of Canada, except Quebec, and other qualifying jurisdictions, including the United States. The Common Shares offered under the Listed Issuer Financing Exemption will be immediately "free-trading" upon closing of the Offering under applicable Canadian securities laws.