ATERRA Metals upsizes private placement to up to $8.35M

ATERRA Metals (CSSCF) has amended its brokered private placement agreement to increase the maximum size of its financing round, expanding the target from a minimum of $4M up to $8.36M in gross proceeds.

The offering consists of common shares priced at $0.06 per share.

Net proceeds will fund the Phase II exploration program at ATERRA’s flagship Totora Copper-Gold Project in the Dos Amigos Mining District of Region III, Chile, with remaining funds slated for general working capital.

The upsized financing follows the announcement of a maiden Inferred Mineral Resource estimate at Totora, containing 159.8 million tonnes grading 0.51% copper equivalent (0.30% copper and 0.15 g/t gold) at a 0.2% copper cutoff grade.

The closing is scheduled for on or about October 14, 2026.

Agent compensation includes a 6.0% cash commission on aggregate gross proceeds up to $6.9 million (dropping to 1.0% on proceeds exceeding that threshold, and reduced to 3.0% for designated president's list subscribers).

The syndicate will also receive broker warrants equal to 6.0% of the common shares sold up to the $6.9 million mark, exercisable at $0.06 per share for 24 months post-closing.