New Risk • Jan 26
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 67% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (56% average weekly change). Shareholders have been substantially diluted in the past year (67% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$12.2m market cap, or US$8.90m). Announcement • Jan 23
ATERRA Metals Inc. announced that it has received CAD 2.78 million in funding On January 22, 2026, ATERRA Metals Inc. closed the transaction. The company announced that it has issued 139,000,000 units at a price of CAD 0.02 per Unit for gross proceeds of CAD 2,780,000. A director and an officer of the Company purchased an aggregate of 6,750,000 Units under the Offering. The Company paid aggregate cash finder's fees totaling CAD 2,000, in accordance with the policies of the Canadian Securities Exchange. Announcement • Dec 17
ATERRA Metals Inc. announced that it expects to receive CAD 3.090411 million in funding ATERRA Metals Inc announced a non-brokered private placement to issue 104,520,550 Units at an issue price of CAD 0.02 for the proceeds of CAD 2,090,411 under Life offering and 50,000,000 Units at an issue price of CAD 0.02 for the proceeds of CAD 1,000,000 on December 16, 2025. Each Unit shall be comprised of one (1) common share of the Company (each, a "Share") and one (1) warrant (each, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one Share from the Company at a price of CAD 0.05 per Share for a period of thirty-six (36) months from the date of issuance. The Warrants will not be exercisable for a period of sixty (60) days following closing of the Offerings. Shares and Warrants underlying the Units will be subject to a statutory hold period of four months and one day from their date of issuance under Private Placement Offering. Certain insiders of the Company have indicated they intend to subscribe for up to 7,500,000 Units under the Private Placement Offering. The Offerings are expected to close on or about the week of January 12, 2026 and are subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the Canadian Securities Exchange ("CSE") and the applicable securities regulatory authorities. In addition, pursuant to the policies of the CSE, completion of the Private Placement Offering is subject to receipt of shareholder approval. The Company may pay a finder's fee in respect of those purchasers under the Offerings introduced to it by certain persons (each a "Finder"). Each Finder may receive a fee of up to seven percent (7%) of the gross proceeds received by the Company from purchasers under the Offerings who were introduced to the Company by such Finder, payable in cash or Shares, in each case, in accordance with the policies of the CSE. 
