Canter Resources Announces Closing of Non-Brokered Private Placement
CSE:CRC
OTC:CNRCF
FRA:601
www.CanterResources.com
Page 1 of 3
Canter Resources Announces Closing of
Non-Brokered Private Placement
Vancouver, British Columbia — October 10, 2025 —Canter Resources Corp. (CSE: CRC)
(OTC Pink: CNRCF) (FSE: 6 01) (“ Canter” or the “ Company”) a U.S. -focused lithium -boron
exploration company, announces that, further to its news release of September 3, 2025, it has
closed its non-brokered private placement raising gross proceeds of $1,050,000 through the
issuance of 5,250,000 units of the Company (“Units”) at a price of $0.20 per Unit (the “Private
Placement”).
Each Unit consisted of one common share (a “Share”) and one-half of one transferable common
share purchase warrant (each whole warrant, a “Warrant”), with each whole Warrant exercisable
to purchase one additional Share at a price of $0.26 for two (2) years from the date of issuance.
No finders' fees were paid in connection with the Private Placement. All securities issued under
the Private Placement are subject to statutory hold periods pursuant to securities laws in Canada
and a voluntary 12-month lockup period.
The Company intends to use the net proceeds from the Private Placement to continue advancing
its Columbus Lithium-Boron Project and its Railroad Valley Lithium -Boron Project, to evaluate
and pursue additional projects and for general working capital purposes.
Insiders of the Company purchased 225,000 Units in the Private Placement. The participation
by such insiders in the Offering constituted a “related party transaction” as defined under
Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions.
About Canter Resources Corp.
Canter Resources Corp. is a junior mineral exploration company advancing the Columbus
Lithium-Boron Project and the Railroad Valley (RV) Lithium-Boron Project in Nevada, USA. The
Company is completing a phased drilling approach at Columbus to test highly prospective brine
targets at varying depths for lithium -boron enrichment and plans to leverage the Company’s
critical metals targeting database to generate a portfolio of high -quality projects with the aim of
defining mineral resources that support the technology and domestic clean energy supply chains
in North America.
CSE:CRC
OTC:CNRCF
FRA:601
www.CanterResources.com
Page 2 of 3
On behalf of the Board of Directors.
For further information contact:
Joness Lang
Chief Executive Officer
Canter Resources Corp.
Tel: 778.382.1193
For investor inquiries contact:
Kristina Pillon, High Tide Consulting Corp.
Tel: 604.908.1695
The Canadian Securities Exchange has neither approved nor disapproved the contents of this
news release. The Canadian Securities Exchange does not accept responsibility for the
adequacy or accuracy of this news release.
FORWARD-LOOKING STATEMENTS
This news release contains "forward -looking statements" within the meaning of applicable
securities laws. All statements contained herein that are not clearly historical in nature may
constitute forward-looking statements. Generally, such forward -looking information or forward-
looking statements can be identified by the use of forward -looking terminology such as "plans",
"expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anti cipate", or "believes", or variations of such words and
phrases or may contain statements that certain actions, events or results "may", "could", "would",
"might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward -looking
information and forward -looking statements contained herein include, but are not limited to,
statements regarding the Company’s plans for the Project and the payments related thereto, the
issuance of the Consideration Shares and the Company’s expected exploration activities.
CSE:CRC
OTC:CNRCF
FRA:601
www.CanterResources.com
Page 3 of 3
These statements involve known and unknown risks, uncertainties and other factors, which may
cause actual results, performance or achievements to differ materially from those expressed or
implied by such statements, including but not limited to: requirements for additional capital; future
prices of minerals; changes in general economic conditions; changes in the financial markets
and in the demand and market price for commodities; other risks of the mining industry; the
inability to obtain any necessary gov ernmental and regulatory approvals; changes in laws,
regulations and policies affecting mining operations; hedging practices; and currency
fluctuations.
Although the Company has attempted to identify important factors that could cause actual
actions, events or results to differ materially from those described in forward-looking statements,
there may be other factors that cause actions, events or results to differ from those anticipated,
estimated or intended. Accordingly, readers should not place undue reliance on any forward -
looking statements or information. No forward-looking statement can be guaranteed. Except as
required by applicable securities laws, forward-looking statements speak only as of the date on
which they are made and the Company does not undertake any obligation to publicly update or
revise any forward-looking statement, whether as a result of new information, future events, or
otherwise.
The securities offered have not been registered under the U.S. Securities Act of 1933, as
amended, and may not be offered or sold in the United States absent registration or an
applicable exemption from the registration requirements. This news release shal l not constitute
an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in
any state in which such offer, solicitation or sale would be unlawful.