Metalero Mining (TSXV: MLO) Announces Extension of Private Placement
FOR IMMEDIATE RELEASE
Metalero Mining (TSXV: MLO) Announces Extension of Private Placement
Edmonton, AB, November 21, 2025 – Metalero Mining Corp. (TSXV: MLO) (OTC Pink: CRTTF)
(“Metalero” or the “ Company”) announces that, in connection with its previously
announced non-brokered private placement (the “ Offering”), the Company has applied to
the TSX Venture Exchange for an extension of its price protection, to December 9, 2025, in
order to complete subscriptions.
The Offering consists of up to 1,428,572 flow-through units (the “ FT Units ”) at a price of
$0.21 per Unit. Each Unit consists of one (1) flow-through common share (a “FT Share”) and
one (1) common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to
purchase one (1) additional non flow-through common share at a price of $0. 26 for two (2)
years from the date of issuance. The first tranche closed on October 21, 2025, with the sale
of 952,381 FT Units.
The proceeds will be used to support the Fall 2025 exploration work at Benson including
further sampling and ground geophysics.
All FT Shares offered in connection with this Offering qualify as a “flow-through share” within
the meaning of the Income Tax Act (Canada) (the “Tax Act ”). For subscribers who are
qualifying individuals under the Income Tax Act (British Columbia) (the “BC Tax Act”), these
expenditures will also qualify as “ BC flow -through mining expenditures ” , as defined in
section 4.721(1) of the BC Tax Act
The Offering is subject to certain conditions including, but not limited to, the receipt of all
necessary approvals including the approval of the TSX Venture Exchange. All the securities
issued pursuant to this Offering will have a hold period expiring four months and a day after
the closing date. The Company may pay finder's fees raised in connection with the financing
to arm's length finders in accordance with the policies of the TSX Venture Exchange and as
permitted by law.
For additi onal information with respect to this Offering, please refer to Metalero’s news
releases dated September 25, 2025, October 10, 2025, and October 2 2, 2025, available for
viewing on Metalero’s SEDAR+ profile (www.sedarplus.ca).
About Metalero Mining Corp.
Metalero Mining Corp. is a Canadian-based junior exploration company focused on copper
a n d g o l d p r o j e c t s i n N o r t h A m e r i c a . I t s 166 square kilometer, road -accessible Benson
Project serves as Metalero’s flagship and is host to five prospects containing gold and copper
within porphyry-related mineralized systems.
On behalf of the Board of Directors
“Rob L’Heureux”
Rob L’Heureux,
Chief Executive Officer and President
Email: [email protected]
Telephone: +1.780.916.5482
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.
Forward-Looking Statements This news release may contain certain “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, 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 are subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ materially from those projected in the forward-looking
statements. These include, but are not limited to, structure and terms of the Offering, the anticipated closing
date(s) of the Offering, the intended use of proceeds of the Offerings, and approval of the Offerings by the TSX-
V, risks associated with the mining industry in general, the exploration and development of mineral properties,
the Company's ability to obtain necessary financing, and general economic, market or business conditions.
There can be no assurance that such information will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such information. Accordingly, readers should not place undue
reliance on forward-looking information. All forward looking information contained in this press release is given
as of the date hereof and is based upon the opinions and estimates of management and information available
to management as at the date hereof. Other factors which could materially affect such forward -looking
information are described in the risk factors in the Company’s most recent annual management’s discussion
and analysis which is available on the Company’s profile on SEDAR+ at www.sedarplus.ca. Metalero disclaims
any intention or obligation to update or revise any forward -looking information, whether as a result of new
information, future events or otherwise, except as required by law.
Not for distribution to United States newswire services or for dissemination in the United States.