Toronto, Ontario — March 5, 2026 — Leads & Copy — Oreterra Metals Corp. has completed the second and final tranche of its oversubscribed non-brokered private placement, raising a total of $9.7 million. The company placed 154,444 hard-dollar units at $0.45 each, generating $69,500, and 660,000 flow-through units at $0.50 each, raising $330,000 in the final closing.
The non-brokered private placement was upsized to $9,684,000 through the issuance of $5,500,000 in hard-dollar units at $0.45 each and $4,184,000 in flow-through units at $0.50 each. Each hard-dollar unit includes one common share and one warrant, with each warrant allowing the holder to buy an additional common share at $0.60 for three years after the offering’s closing. Each flow-through unit contains one flow-through share and one warrant, also exercisable at $0.60 per share for three years.
One finder received a $6,900 cash commission and 13,800 broker warrants. Canaccord Genuity Corp. acted as financial advisor and received 62,777 hard-dollar units for its $28,250 advisory fee. All securities issued are subject to a hold period expiring on July 5, 2026.
Proceeds from the flow-through shares will fund eligible resource exploration expenses, qualifying as Canadian exploration expenses and flow-through critical mineral mining expenditures under the Income Tax Act (Canada). The company will incur these expenditures by December 31, 2027, and renounce them to purchasers by December 31, 2026. Net proceeds from the hard-dollar units will primarily be used for exploration at the Trek property and for general working capital.
Anastasios Drivas’ interest in Oreterra has decreased to approximately 7.54% on a non-diluted basis and 8.72% on a partially diluted basis due to the offering and the expiry of certain warrants and stock options. Drivas acquired 690,000 flow-through units for investment purposes and may adjust his holdings in the future.
At the Annual General and Special Meeting on January 16, 2026, shareholders adopted the 2025 Stock Option Plan. Amendments to the plan include requiring disinterested shareholder approval for any decrease in exercise price or extensions to options granted to insiders. The plan also clarifies that options expiring within ten business days of a blackout period’s end will not be extended.
Oreterra Metals Corp. began trading under the ticker OTMC on February 2, 2026, after restructuring from Romios Gold Resources Inc. The company’s Trek South porphyry copper-gold prospect is considered a key asset. A National Instrument 43-101 Technical Report recommends initial drilling phases at Trek South for the 2026 field season. The company also holds interests in the Kinkaid claims, the Scossa mine property, and the Lundmark-Akow Lake Au-Cu property.
Source: Oreterra Metals Corp.
