Canterra Minerals Closes $5.7M Flow-Through Private Placement to Fund Exploration in Newfoundland

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VANCOUVER, British Columbia, Dec. 23, 2025 (GLOBE NEWSWIRE) -- Canterra Minerals Corporation (TSXV:CTM) (OTCQB:CTMCF) (FSE:DXZB) ("Canterra" or the "Company") is pleased to announce the closing of its previously announced private placement (see news releases dated December 4, 2025 and December 19, 2025) consisting of Critical Minerals flow-through shares and National flow-through shares for total gross proceeds of $5,705,361.51. (the "Private Placement").
Pursuant to the Private Placement the Company issued 10,980,000 Critical Minerals flow-through shares at a price of $0.25 per share (each, a "CMFT Share") for gross proceeds of C$2,745,000. Each CMFT Share comprises one common share of the Company (e