Announcement • Jan 13
NatBridge Resources Ltd. (CNSX:NATB) entered into a Binding Letter of Intent to acquire Additional Cahuilla Gold Project Parcels from Teras Resources Inc. (TSXV:TRA.H). NatBridge Resources Ltd. (CNSX:NATB) entered into a Binding Letter of Intent to acquire Additional Cahuilla Gold Project Parcels from Teras Resources Inc. (TSXV:TRA.H) on January 12, 2026. In consideration for the acquisition of the Parcels, NatBridge shall pay Teras USA a purchase price premised upon the previously announced Phase 1 acquisition of Parcels 45 and 46, and which will be determined by reference to the gold resource estimate to be set out in a National Instrument 43-101 – Standards of Disclosure for Mineral Projects compliant technical report with respect to the subsurface mineral rights encompassing the Parcels. The letter of intent builds on its mineral rights purchase agreement announced on October 21, 2025. This letter of intent replaces prior arrangements and sets out the framework for the definitive agreement for the acquisition of these Parcels.
Closing of the transaction is subject to customary conditions, satisfactory completion of due diligence, receipt of all required regulatory approvals, and compliance with all applicable legal requirements. Announcement • Feb 21
Teras Resources Inc.'s Listing to Transfer to NEX Effective February 21, 2025 In accordance with TSX Venture Policy 2.5, Teras Resources Inc. has not maintained the requirements for a TSX Venture Tier 2 company. Therefore, effective at the opening on February 21, 2025, the Company's listing will transfer to NEX, the Company's Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from Calgary to NEX. As of February 21, 2025, the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies. The trading symbol for the Company will change from TRA to TRA.H. There is no change in the Company's name, no change in its CUSIP number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture market. Further to the TSX Venture bulletin dated October 5, 2023, trading in the shares of the Company will remain suspended. Members are prohibited from trading in the securities of the Company during the period of the suspension or until further notice. Announcement • Dec 14
Teras Resources Inc., Annual General Meeting, Feb 21, 2023 Teras Resources Inc., Annual General Meeting, Feb 21, 2023. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Mike Attaway was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 31
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Mike Attaway was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 28
Teras Resources Inc. Announces Board Changes Teras Resources Inc. reported that it has further increased its land position on its Watseka gold property in Madison County, Montana. Teras announced that Mr. Peter Mejstrick has joined the Company as a Director and technical expert on its Watseka project. Teras announced Mr. Peter Mejstrick is joining the Board of Teras. Mr. Mejstrick has more than thirty years of experience in precious, base metal, and critical metal exploration and development and has held senior positions with companies such as Agnico-Eagle Mines, Yamana Gold, Meridian Gold, Echo Bay Mines and FMC Gold Company. He has vast experience in acquisitions of mineral properties taking them from early stages to the delineation of ore reserves. In 1971 Mr. Mejstrick received a B. A in Biology and Chemistry from Bowdoin College and completed his M.S. Geology degree in 1975 from the University of Montana. In 1977 Peter attended the University of BC, Vancouver for a Ph.D. in Geology. Teras' Watseka property consists of 12 patented mining claims owned by Teras. The Watseka property currently has a Mill Site housing a main building and equipment for processing ore as well as a separate building with Lab equipment for analysing ore to be mined and processed. The Mill and Mine Site is located in the Rochester Mining District, Madison County, Montana, on the east slope of the continental divide. Primary access to the mine site is via county roads leading from a State Highway and are maintained throughout the year by State and Federal funds. Effective immediately, Mr. Toby Mancuso has resigned as Vice President and Director of Teras to enjoy his retirement; however, Mr. Mancuso will continue to consult and work as a technical expert on the Company's Cahuilla project. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Mike Attaway was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 29
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Mike Attaway was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jul 03
Teras Resources Inc. announced that it has received CAD 1.07485 million in funding On July 2, 2021, Teras Resources Inc. (TSXV:TRA) closed the transaction. The company amended the terms of the transaction and issued 21,497,000 units for a gross proceeds of CAD 1,074,850. The company has paid finders' fee of CAD 30,810 in cash and issued 581,000 B warrants in the transaction. Announcement • Jun 15
Teras Resources Inc. announced that it expects to receive CAD 1 million in funding Teras Resources Inc. (TSXV:TRA) announced a non-brokered private placement of up to 20,000,000 units at a price of CAD 0.05 per unit for gross proceeds of up to CAD 1,000,000 on June 14, 2021. Each unit will consist of one common share and one common share purchase warrant. Each warrant is exercisable into one common share at a price of CAD 0.05 per share for a period of five years from the date of issuance. The transaction is subject to approval of the TSX Venture Exchange. A finder's fee and or finder warrants may be paid on the gross proceeds of all or any portion of the private placement. The securities issued are subject to a hold period of four months and one day from the date of closing. Announcement • Oct 07
Teras Resources Inc. Reports Results of Its Cahuilla Gold Deposit Geotechnical Analysis and Geologic Interpretation Teras Resources Inc. announced that it has completed a six-month effort to audit and update its Cahuilla drill hole data base and completed detailed logging of 34 core drill holes. This focused update is intended to support a new resource model. The previous NI 43-101 Technical Report completed in 2012 and filed on SEDAR, identified 70,148,000 tons grading 0.015 opt (0.51 g/t) at a 0.008 opt (0.27 g/t) cutoff for 1,017,000 million ounces of gold in the indicated category. Earlier this year, Teras restructured its management and began reframing its Cahuilla Gold project. After the installment of Joseph Carrabba as President and CEO, a rebranding effort was initiated to create significant value for its Cahuilla gold project. He recognized that Cahuilla already has a large gold-silver resource and that it has significant growth potential. It is located in southern California and within mining friendly Imperial County. He engaged two senior consulting geologists, Toby Mancuso and Steve Craig, as well as, an Independent Geological Tech Services Company to give the project new life. These experts are highly experienced and have considerable ore deposit, modeling and exploration knowledge. The driving opinion of the 2012 resource report was that it was obsolete and concepts had since changed considerably. This then, provided a tremendous opportunity for Teras to redefine the geology and mineralization, and therefore, develop a much more accurate resource number for both grade and tonnage. Foremost was that only 368 holes formed the basis of the 2012 report, but another 79 holes were drilled after the report was completed. Thirty-four of these new holes were completed by drilling core which provided much more detailed interpretations of the geology that focused on defining continuity of the higher-grade precious metal mineralization. Work started with auditing and repairing the 447-drill hole database. A considerable number of data entries were identified as missing, underreported or incorrect. These were all corrected. The drill hole database has also undergone examination by an experienced independent modeler. The additional focus of the work was reconstructing the geologic and mineralization history of the deposit. This was achieved by logging in detail the 34 core holes that were drilled long after the 2012 report was completed. This work established several key stratigraphic units that host gold mineralization, and 3 types of veins and breccias that carry gold and silver mineralization. This phase of the work also identified several mineralized domains that would be used to estimate grade during resource modeling. The first is the "ponding" of gold mineralization at the contact of the silicified sedimentary rocks and underlying fanglomerate. Second, is a series of continuous lateral Au/Ag bearing buried sinter terraces. The third is large areas of hydrothermal breccias and sheeted veins, which occur in both the sedimentary rocks and fanglomerates. Announcement • Aug 18
Teras Resources Inc. announced that it has received CAD 1.062435 million in funding On August 17, 2020, Teras Resources Inc. (TSXV:TRA) closed the transaction. On the same date, the company amended the terms of the transaction. The company issued 21,248,700 units for gross proceeds of CAD 1,062,435. The transaction included participation from chief executive officer of the company for 648,700 units. The company issued 191,000 broker warrants at an exercise price of CAD 0.075 per share for a period of one year and paid finders fees of CAD 4,550 in relation to the transaction. The transaction subject to final approval of the TSX Venture Exchange. TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 15 placees including Joseph Carrabba for 648,700 units, aggregate pro group involvement for 1,300,000 units. The company has paid a finder's fees of CAD 700 and 14,000 broker warrants to Mackie Research Capital Corporation, CAD 2,100 and 42,000 broker warrants to Cannacord Genuity Group Inc., CAD 1,750 and 35,000 broker warrants to PI Financial Corp. and 100,000 broker warrants to Don Gunn. Announcement • Jul 18
Teras Resources Inc. announced that it expects to receive CAD 1 million in funding Teras Resources Inc. (TSXV:TRA) announced a non-brokered private placement of up to 20,000,000 units at CAD 0.05 per unit for gross proceeds of up to CAD 1,000,000 on July 16, 2020. Each unit will consist of one common share and one common share purchase warrant. Each warrant is exercisable into one common share at a price of CAD 0.075 per share for a period of two year from the issuance of such warrant. The transaction is subject to approval of the TSX Venture Exchange. A finder's fee and or finder warrants may be paid on the gross proceeds of all or any portion of the private placement. The securities issued are subject to a hold period of four months and a day from the date of closing.