Canterra Minerals Corporation has successfully closed a private placement, raising $5,705,361.51 through the issuance of Critical Minerals flow-through shares and National flow-through shares. The funds will be used for exploration expenses and mining expenditures in Canada. Additionally, the company paid finders fees of $50,000 cash and issued non-transferable finders’ warrants. The securities issued in the placement will be subject to a hold period until April 24, 2026, under Canadian securities laws. Canterra Minerals focuses on critical minerals and gold exploration in central Newfoundland, with projects near past producing mines. Qualified Person Chris Pennimpede has approved the technical information in the press release.

Read more at GlobeNewswire: Canterra Minerals Closes $5.7M Flow-Through Private