Terreno Resources Completes C$500,000 Private Placement
TORONTO — February 18, 2026 — Leads & Copy — Terreno Resources Corp. (TNO.H- TSX-V) has completed a non-brokered private placement, raising C$500,000.
The offering, initially announced on January 21, 2026, consisted of units of common shares and share purchase warrants.
The company offered 10 million units at C$0.05 each. Each unit includes one common share valued at C$0.05 and one share purchase warrant exercisable at C$0.07 for 12 months from the issue date.
The warrants include an acceleration provision. If the volume weighted average price of the common shares exceeds C$0.14 for at least 10 consecutive trading days, Terreno Resources may issue an acceleration notice. This notice, disseminated via press release, will give warrant holders 30 calendar days to exercise their acceleration right.
The company intends to use the proceeds to support exploration and development of its Metal 46 tantalum project in Bolivia and for general working capital.
Richard Williams, President and CEO of Terreno Resources, thanked the participants in the offering, stating it should allow the company to make significant progress in the coming months. He cited favorable geopolitical changes in Bolivia and positive supply and demand dynamics for tantalum as factors drawing attention to the company’s activities.
The offering received all necessary regulatory approvals, including those from the TSX Venture Exchange.
Finder’s fees of C$300 and 300 warrants were paid to a third party, in accordance with the policies of the TSX Venture Exchange. Common shares issued and issuable from finder’s warrants are subject to a hold period ending on June 19, 2026.
The securities offered have not been registered under the U.S. Securities Act of 1933 or any U.S. state securities laws and may not be offered or sold in the United States or to United States persons absent registration or an applicable exemption. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States or any other jurisdiction.
Source: TERRENO RESOURCES CORP.
Share this story:
