American Daily Trade
  • Economy
  • Editor’s Pick
  • Investing
  • Latest News
No Result
View All Result
  • Economy
  • Editor’s Pick
  • Investing
  • Latest News
No Result
View All Result
American Daily Trade
No Result
View All Result
Home Investing

Oreterra Announces $6,000,000 Private Placement to Support First-Ever Drilling of the Trek South Porphyry Copper-Gold Prospect, Golden Triangle, BC

admin by admin
February 10, 2026
in Investing
0
Oreterra Announces $6,000,000 Private Placement to Support First-Ever Drilling of the Trek South Porphyry Copper-Gold Prospect, Golden Triangle, BC
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Oreterra Metals Corp. (TSXV: OTMC) (OTCID: RMIOD) (FSE: D4R0) (WKN: A421RQ) (‘Oreterra’ or the ‘Company’) (previously, Romios Gold Resources Inc.) is pleased to announce that it intends to complete a non-brokered private placement financing for aggregate gross proceeds of up to $6,000,000 through the issuance of a combination of hard-dollar units (‘HD Units’) of the Company at a price of $0.45 per HD Unit and flow-through units (‘FT Units’) at a price of $0.50 per FT Unit (collectively, the ‘Offering’). Closing of the Offering is scheduled for March 20, 2026. The majority of the gross proceeds from the sale of both the HD Units and the FT Units will be used to carry out the first-ever drilling in the approaching field season of the large-scale Trek South porphyry copper-gold prospect located in northwestern B.C. The Trek South prospect is new to science, having been revealed by ice melt in recent years, and consists of stacked, high-order alteration, geochemical and geophysical anomalies. It is located in BC’s Golden Triangle, adjacent to Teck-Newmont’s Galore Creek deposits in ideal terrain, and close to partially completed infrastructure. A comprehensive NI 43-101 technical report on the Trek property dated January 20, 2026, can be found at www.oreterra.com and on the Company’s issuer profile at www.sedarplus.ca. An investor presentation summarizing the Trek South prospect can also be found at www.oreterra.com.

In connection with the Offering, the Company has entered into a fiscal advisory agreement with Canaccord Genuity Corp. (‘Canaccord‘). Subject to the approval of the TSX Venture Exchange (‘TSXV‘), the Company shall compensate Canaccord in the amount of $25,000, payable in HD Units of the Company (the ‘Compensation Units‘) to be issued at C$0.45 per Compensation Unit with the same terms as HD Units. In addition, 6% finder’s fees in cash or securities, or a combination of both, may be payable by Oreterra in connection with the Offering, subject to the rules of the TSXV.

Insiders may participate for up to 10% of the Offering. Such insider private placements will be exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 (‘MI 61-101‘) by virtue of the exemptions contained in sections 5.5(a) and 5.7(1) (a) of MI 61-101 in that the fair market value of the consideration for the securities of the Company which will be issued to the insiders will not exceed 25% of its market capitalization.

Financing Details:

Each HD Unit, priced at $0.45, will comprise one (1) common share of the Company and one (1) common share purchase warrant (each an ‘HD Warrant‘). Each HD Warrant will entitle the holder thereof to acquire one additional common share of the Company at an exercise price of $0.60 per share for three years following the closing of the Offering.

Each FT Unit, priced at $0.50, will comprise one (1) common flow-through share of the Company (each an ‘FT Share‘), and one (1) common share purchase warrant (each an ‘FT Warrant‘). Each FT Warrant will entitle the holder thereof to acquire one additional common share of the Company at an exercise price of $0.60 per share for three years following the closing of the Offering.

The FT Shares will qualify as ‘flow-through shares’ (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the ‘Tax Act’). An amount equal to the gross proceeds from the issuance of the FT Shares will be used to incur eligible resource exploration expenses which will qualify as (i) ‘Canadian exploration expenses’ (as defined in the Tax Act), and (ii) as ‘flow-through critical mineral mining expenditures’ (as defined in subsection 127(9) of the Tax Act) (collectively, the ‘Qualifying Expenditures‘). Qualifying Expenditures in an aggregate amount not less than the gross proceeds raised from the issue of the FT Shares will be incurred (or deemed to be incurred) by the Company on or before December 31, 2027 and will be renounced by the Company to the initial purchasers of the FT Shares with an effective date no later than December 31, 2026. The net proceeds from the issuance of HD Units will be primarily used for exploration activities at the Company’s Trek property, as well as for general working capital purposes.

It is expected that the Offering will close on or about March 20, 2026, or such other date or dates that the Company may determine (the ‘Closing Date‘), subject to the receipt of all required regulatory approvals, including the approval of the TSXV. All securities issued in connection with the Offering will be subject to a hold period of four months and one day from the Closing Date, in accordance with applicable Canadian securities laws.

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

Qualified Person

The technical information in this news release has been reviewed and approved by John Biczok, P.Geo., Vice President, Exploration for Oreterra and a Qualified Person as defined by National Instrument 43-101.

About Oreterra Metals Corp.

Oreterra Metals Corp. commenced trading on February 2, 2026, under the new ticker OTMC, following a months-long effort to restructure the former Romios Gold Resources Inc. Management took on the task because it believes the Company’s wholly-owned Trek South porphyry copper-gold prospect represents, based upon the impressive results of the spectrum of geosciences applied to the target area to date, among the finest new targets of its kind in BC’s Golden Triangle. The Company recently released (news, January 22, 2026) a National Instrument 43-101 Technical Report for the Trek property which recommends two initial phases of drilling at Trek South, for execution in the approaching 2026 field season. A copy of the Technical Report is available on the Company’s website at www.oreterra.com, and on the Company’s SEDAR+ issuer profile at www.sedarplus.ca.

Additional wholly-owned Company property interests include two former producers in Nevada: the Kinkaid claims in the Walker Lane trend covering numerous shallow Au-Ag-Cu workings over what is believed to be one or more porphyry centres (source: J. Biczok, P.Geo, June 2025, Kinkaid Gold-Copper-Silver Project, www.oreterra.com), and the Scossa mine property in the Sleeper trend which is a former high-grade gold producer (source: J. Biczok, P.Geo, July 2025, Scossa Historic Gold Mine Property, www.oreterra.com). The Company also holds a 100% interest in the large Lundmark-Akow Lake Au-Cu property adjacent to the northwest of the Musselwhite Mine in northwestern Ontario, where drilling by the Company has produced highly encouraging, broad VMS-style Au-Cu intersections.

For further information, visit www.oreterra.com or contact:

Kevin M. Keough
Chief Executive Officer
Tel: 613 622-1916
Email: kkeough@oreterra.com
Stephen Burega
President
Tel: 647 515-3734
Email: sburega@oreterra.com

 

Neither the 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.

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain ‘forward-looking statements’ which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as ‘believes’, ‘anticipates’, ‘expects’, ‘estimates’, ‘may’, ‘could’, ‘would’, ‘will’, or ‘plan’. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

NOT FOR DISSEMINATION, DISTRIBUTION, RELEASE, OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283348

News Provided by TMX Newsfile via QuoteMedia

This post appeared first on investingnews.com

Previous Post

Rio Silver Now Trading on U.S. OTCID Market, Expanding Access for United States and Global Investors

Next Post

Trump admin to repeal Obama-era greenhouse gas finding in large-scale deregulation

Next Post
Trump admin to repeal Obama-era greenhouse gas finding in large-scale deregulation

Trump admin to repeal Obama-era greenhouse gas finding in large-scale deregulation

  • Trending
  • Comments
  • Latest
Rubio claims ‘tremendous amount of progress’ in Ukraine peace talks following Geneva meeting

Rubio claims ‘tremendous amount of progress’ in Ukraine peace talks following Geneva meeting

November 24, 2025
Kimberly-Clark to buy Kenvue in $48.7 billion deal

Kimberly-Clark to buy Kenvue in $48.7 billion deal

November 11, 2025
Starbucks to pay about $35M to NYC workers to settle claims it violated labor law

Starbucks to pay about $35M to NYC workers to settle claims it violated labor law

December 3, 2025
Tech Weekly: NVIDIA Earnings Impress, Bezos Launches AI Startup

Tech Weekly: NVIDIA Earnings Impress, Bezos Launches AI Startup

November 22, 2025
What to know about Tuesday’s House hearing on foreign influence in American nonprofits: ‘Follow the money’

What to know about Tuesday’s House hearing on foreign influence in American nonprofits: ‘Follow the money’

0
Charlie Javice sentenced to 7 years in prison for fraudulent $175M sale of aid startup

Charlie Javice sentenced to 7 years in prison for fraudulent $175M sale of aid startup

0
YouTube to pay $24 million to settle Trump lawsuit

YouTube to pay $24 million to settle Trump lawsuit

0
Paramount acquires Bari Weiss’ The Free Press, naming her the top editor of CBS News

Paramount acquires Bari Weiss’ The Free Press, naming her the top editor of CBS News

0
What to know about Tuesday’s House hearing on foreign influence in American nonprofits: ‘Follow the money’

What to know about Tuesday’s House hearing on foreign influence in American nonprofits: ‘Follow the money’

February 10, 2026
Hawley targets Minnesota fraud, CCP-linked money at Senate hearing: ‘Taxpayers robbed blind’

Hawley targets Minnesota fraud, CCP-linked money at Senate hearing: ‘Taxpayers robbed blind’

February 10, 2026
Trump admin to repeal Obama-era greenhouse gas finding in large-scale deregulation

Trump admin to repeal Obama-era greenhouse gas finding in large-scale deregulation

February 10, 2026
Oreterra Announces $6,000,000 Private Placement to Support First-Ever Drilling of the Trek South Porphyry Copper-Gold Prospect, Golden Triangle, BC

Oreterra Announces $6,000,000 Private Placement to Support First-Ever Drilling of the Trek South Porphyry Copper-Gold Prospect, Golden Triangle, BC

February 10, 2026

    Sign up and get the scoop before anyone else—fresh updates, and secret deals, all wrapped up just for you. We're talking juicy tips, fun surprises, and invites to events you actually want to go to. Don’t just watch from the sidelines—jump in and be part of the magic!


    By signing up, you're cool with getting emails from us. Don’t worry—your info stays safe, sound, and strictly confidential. No spam, no funny business. Just the good stuff.

    Recent News

    What to know about Tuesday’s House hearing on foreign influence in American nonprofits: ‘Follow the money’

    What to know about Tuesday’s House hearing on foreign influence in American nonprofits: ‘Follow the money’

    February 10, 2026
    Hawley targets Minnesota fraud, CCP-linked money at Senate hearing: ‘Taxpayers robbed blind’

    Hawley targets Minnesota fraud, CCP-linked money at Senate hearing: ‘Taxpayers robbed blind’

    February 10, 2026
    Trump admin to repeal Obama-era greenhouse gas finding in large-scale deregulation

    Trump admin to repeal Obama-era greenhouse gas finding in large-scale deregulation

    February 10, 2026
    Oreterra Announces $6,000,000 Private Placement to Support First-Ever Drilling of the Trek South Porphyry Copper-Gold Prospect, Golden Triangle, BC

    Oreterra Announces $6,000,000 Private Placement to Support First-Ever Drilling of the Trek South Porphyry Copper-Gold Prospect, Golden Triangle, BC

    February 10, 2026

    Top News

    What to know about Tuesday’s House hearing on foreign influence in American nonprofits: ‘Follow the money’

    What to know about Tuesday’s House hearing on foreign influence in American nonprofits: ‘Follow the money’

    February 10, 2026
    Hawley targets Minnesota fraud, CCP-linked money at Senate hearing: ‘Taxpayers robbed blind’

    Hawley targets Minnesota fraud, CCP-linked money at Senate hearing: ‘Taxpayers robbed blind’

    February 10, 2026

    Latest News

    • What to know about Tuesday’s House hearing on foreign influence in American nonprofits: ‘Follow the money’
    • Hawley targets Minnesota fraud, CCP-linked money at Senate hearing: ‘Taxpayers robbed blind’
    • Trump admin to repeal Obama-era greenhouse gas finding in large-scale deregulation
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 americandailytrade.com | All Rights Reserved

    No Result
    View All Result
    • Economy
    • Editor’s Pick
    • Investing
    • Latest News

    Copyright © 2026 americandailytrade.com | All Rights Reserved