Metalero Announces Upsize to Private Placement
Metalero Mining Corp.
250 Southridge, Suite 300
Edmonton, AB CANADA T6H 4M9
METALERO ANNOUNCES UPSIZE TO PRIVATE PLACEMENT
Edmonton, AB – July 30, 2025 – Metalero Mining Corp . (the “Company” or “Metalero”) (TSXV:
MLO; OTCPK: CRTTF) is pleased to announce that as a result of strong investor demand, the Company
has increased the size of its previously announced Offering from aggregate gross proceeds of up to $600,000
to aggregate gross proceeds of up to $850,000. The upsize d Offering is comprised of the sale of up to
7,083,333 Units of the Company at a price of $0.12 per Unit. Each Unit will consist of one (1) common
share in the capital of the Company and one (1) common share purchase warrant (each, a “ Warrant”).
Each Warrant will entitle the holder to purchase one (1) common share in the capital of the Company for
up to two (2) years from the closing date, at a price of $0.25 per common share for the first year, and at a
price of $0.35 per common share for the second year.
The proceeds of the Offering will be used to advance exploration at the Company’s flagship Benson Project
in central British Columbia, including follow -up work based on recently completed soil sampling and
ground geophysical surveys. Funds will also be allocated to general working capital.
Metalero may pay finder’s fees to arm’s length finders in connection with this placement, and any finder’s
fees payable will be issued in accordance with the policies of the TSX Venture Exchange ( “TSXV”) and
applicable securities laws. The Offering is subject to the approval of the TSXV. All securities issued will
be subject to a four-month and one day hold period.
About Metalero Mining Corp.
Metalero Mining Corp. is a Canadian -based junior exploration company with offices in Vancouver and
Edmonton. Metalero is nearing completion of a restructuring which has included a management change and
new project focus, making its drill-ready gold assets in Nevada available for sale or option.
On behalf of the Board of Directors
“Rob L’Heureux”
Rob L’Heureux,
Chief Executive Officer and President
Email: [email protected]
Telephone: +1.780.437.6624
www.metalsgroup.com
Metalero is part of the Metals Group of Companies, managed by exploration
professionals who stand for technical excellence, robust project selection and
strong corporate governance, with a proven ability to identify and capitalize
on investment opportunities and deliver shareholder returns.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Certain statements in this release constitute “ forward-looking statements” or “forward-looking information” within
the meaning of applicable securities laws including, without limitation, the timing, nature, scope and details regarding
the Company’s exploration plans and results. Such statements and information involve known and unknown risks,
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uncertainties and other factors that may cause the actual results, performance or achievements of the Company, its
projects, or industry results, to be materially different from any future results, performance or achievements expressed
or implied by such forward-looking statements or information. Such statements can be identified by the use of words
such as “ may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”,
“scheduled”, “forecast”, “predict” and other similar terminology, or state that certain actions, events or results
“may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. These statements reflect the company’s
current expectations regarding future events, performance and results and speak only as of the date of this release.
Forward-looking statements in this press release but are not limited to, statements with respect to the expectations of
management regarding the Offering, the expectations of management regarding the use of proceeds of the Offering,
closing conditions for the Offering, and receipt of acceptance from the TSXV in respect of the Offering. These forward-
looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events
or results to differ materially from tho se projected in the forward-looking information. Risks that could change or
prevent these statements from coming to fruition include the TSXV’s acceptance of the Offering; the proceeds of the
Offering may not be used as stated in this news release; Metalero may be unable to satisfy all of the conditions to the
closing required by the TSXV. Metalero does not undertake to update any forward-looking statements or information
except as may be required by applicable securities laws.
Not for distribution to United States newswire services or for dissemination in the United States.