Metalero Mining Announces $600,000 Private Placement to Advance Benson Project

Rhea-AI Summary

Metalero Mining (OTC:CRTTF) has announced a non-brokered private placement offering to raise up to $600,000. The offering consists of 5,000,000 units at $0.12 per unit, with each unit including one common share and one warrant. The warrants are exercisable at $0.25 in the first year and $0.35 in the second year.

The funds will be used to advance exploration at the company's Benson Project in British Columbia, following recent soil sampling and geophysical surveys. The project, accessible via Highway 26, encompasses 5 target areas identified through AI analysis, showing potential for porphyry, skarn, and epithermal gold-silver mineralization.

Positive

• Strategic location near infrastructure with Highway 26 access reduces exploration costs
• AI study has identified 5 high-potential target areas with porphyry-like anomalies
• Historical exploration has confirmed presence of gold and copper anomalies

Negative

• Small offering size of only $600,000 may limit exploration scope
• Warrant exercise prices ($0.25-$0.35) represent significant premium to current unit price ($0.12)
• Offering will cause immediate dilution to existing shareholders

Edmonton, Alberta--(Newsfile Corp. - July 18, 2025) - Metalero Mining Corp. (TSXV: MLO) (OTC Pink: CRTTF) (the "Company" or "Metalero") is pleased to announce a non-brokered private placement (the "Offering") for gross proceeds of up to $600,000.

The financing will consist of 5,000,000 units priced at $0.12 per unit, with each unit comprising one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at a price of $0.25 for the first year from the date of issuance, and $0.35 for the second year.

The proceeds of the financing 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.

President and CEO, Rob L'Heureux, commented:
"This financing will allow us to build on the momentum of our Spring 2025 field program and position us for a robust Q4 exploration season. With assays pending and strong copper-gold potential at Benson, we're excited to continue unlocking value for our shareholders."

The private placement is subject to regulatory approval, including that of the TSX Venture Exchange. All securities issued will be subject to a statutory hold period of four months and one day from the date of issuance.

Benson Project Background

The Benson Project lies close to infrastructure and is traversed by Highway 26 and an extensive network of logging roads allowing for ready access to all parts of the Property and capital-efficient exploration. The large land package covers 5 different target areas identified by recent Artificial-Intelligence ("AI") work by Geoscience BC (Mitchinson et al., Geoscience BC Report 2022-07). This AI study incorporated a wide variety of historical datasets including geophysics, geology, sampling information, and drilling data (where present) to identify high potential ("porphyry-like") anomalies with similarities to known porphyry deposits elsewhere in the belt. Limited historical exploration at Benson has identified numerous gold and copper surface geochemical anomalies while modest (historical) drill programs have intersected skarn and epithermal gold and silver mineralization, which are both intrusive-related styles of mineralization and are commonly associated with porphyry systems.

About Metalero Mining Corp.

Metalero Mining Corp. is a Canadian-based junior exploration company based in Edmonton. Metalero has completed a restructuring which 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: robl@metalsgroup.com
Phone: +1.780.916.5482

Neither the CSE nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this press release.

Cautionary Note Regarding Forward-Looking Statements

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, 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 no objection from the CSE 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 those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include the CSE objecting to 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 CSE. 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259195

FAQ

What are the terms of Metalero Mining's (CRTTF) private placement announced on July 18, 2025?

The private placement consists of 5,000,000 units at $0.12 per unit, totaling $600,000. Each unit includes one common share and one warrant exercisable at $0.25 in year 1 and $0.35 in year 2.

How will Metalero Mining (CRTTF) use the proceeds from the $600,000 private placement?

The proceeds will be used to advance exploration at the Benson Project in British Columbia, including follow-up work on soil sampling and ground geophysical surveys, plus general working capital.

What are the key features of Metalero Mining's Benson Project?

The Benson Project features 5 target areas identified by AI analysis, is accessible via Highway 26, and has shown historical evidence of gold and copper anomalies, with potential for porphyry, skarn, and epithermal mineralization.

When will the securities from Metalero Mining's private placement be free-trading?

The securities will be subject to a statutory hold period of four months and one day from the date of issuance.