TRA Teras Resources Inc

Teras Resources Inc. ("Teras" or the "Company") (TSX VENTURE:TRA) (OTCQX:TRARF)
Peter Leger, President and Chief Executive Officer of Teras is pleased to
announce that the Company intends to complete a non-brokered private placement
of up to 3,000,000 Common Shares at a price of $0.50 per common share (a "Common
Share") for gross proceeds of up to $1,500,000. A finder's fee of up to 8% of
the gross proceeds may be paid on all or any portion of this private placement. 


It is not anticipated that any new insiders will be created or that any change
of control will occur, as a result of the private placement. Completion of the
financing is subject to regulatory approval. The proceeds from the private
placement will be used to advance the Company's Cahuilla project including
further drilling with the intention of increasing the current gold/silver
resources and locating deeper high grade feeder veins.


Peter Leger, President and CEO of Teras Resources, remarked "Given the recent
advancements we have achieved at our Cahuilla project in identifying high
priority drill targets both near surface and at depth, we are very excited to
begin drilling in the near future using the proceeds from this financing as the
next steps toward advancing Cahuilla into a world class precious metals
project." 


About Teras 

The Company is focused on developing its Cahuilla project located in Imperial
County, California. The project encompasses an area of at least 3 km by 1.5 km
and demonstrates the potential for a large-scale, bulk mining operation
consisting of altered and mineralized sedimentary and volcanic host rocks with
numerous sheeted high-grade quartz veins. Teras filed a NI 43-101 compliant
technical report with an indicated resource of 1.2 million plus ounces of gold
and 11 million plus ounces of silver on its Cahuilla project (70.148 million
tons at an average grade of 0.015 ounces per ton gold and 0.17 ounces per ton
silver with a cutoff of 0.008 ounces per ton gold). The Company has an
aggressive plan to increase the resource and develop the project for future
mining operations.


This press release may contain "forward-looking information" within the meaning
of applicable Canadian securities legislation. All statements, other than
statements of historical fact, included herein may be forward-looking
information. Generally, forward-looking information may be identified by the use
of forward-looking terminology such as "plans", " expects" or "does not expect",
"proposed", "is expected", "budgets", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes", or variations
of such words and phrases, or by the use of words or phrases which state that
certain actions, events or results may, could, would, or might occur or be
achieved. In particular, this press release contains forward-looking information
regarding: the potential of the Cahuilla Project; the potential of geophysical
programs on the Cahuilla Project; the potential to expand the resource, to
identify new targets and to identify high grade zones and structures; the timing
of and potential of drilling and exploration programs, surveys, studies and
developments; and the potential for finding high grade deposits. This
forward-looking information reflects the Company's current beliefs and is based
on information currently available to the Company and on assumptions the Company
believes are reasonable. These assumptions include, but are not limited to, the
actual results of exploration projects being equivalent to or better than
estimated results in technical reports or prior exploration results; future
costs and expenses being based on historical costs and expenses, adjusted for
inflation; continued success in drilling and exploration programs and geological
and geophysical studies at the Cahuilla project; successful studies in mining
techniques and metallurgy; commodity prices continuing at today's prices or
rising; obtaining the necessary funding to carry out recommended work programs,
exploration and studies; and continued success in obtaining permits. Additional
assumptions can be found in the Company's disclosure documents on the SEDAR
website. 

Forward-looking information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of activity,
performance or achievements of the Company to be materially different from those
expressed or implied by such forward-looking information. Such risks and other
factors may include, but are not limited to: the early stage development of the
Company and its projects; general business, economic, competitive, political and
social uncertainties; commodity prices; the actual results of current
exploration and development or operational activities; competition; changes in
project parameters as plans continue to be refined; accidents and other risks
inherent in the mining industry; lack of insurance; delay or failure to receive
board or regulatory approvals; changes in legislation, including environmental
legislation, affecting the Company; timing and availability of external
financing on acceptable terms; conclusions of economic evaluations; and lack of
qualified, skilled labour or loss of key individuals. Although the Company has
attempted to identify important factors that could cause actual results to
differ materially from those contained in forward-looking information, there may
be other factors that cause results not to be as anticipated, estimated or
intended. Accordingly, readers should not place undue reliance on
forward-looking information. The Company does not undertake to update any
forward-looking information, except in accordance with applicable securities
laws. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Teras Resources Inc.
Peter Leger
President
(403) 262-8411
(403) 852-0644 (FAX)
pleger@teras.ca
www.teras.ca

Grafico Azioni Teras Resources (TSXV:TRA)
Storico
Da Ott 2024 a Nov 2024

Grafico Azioni Teras Resources (TSXV:TRA)
Storico
Da Nov 2023 a Nov 2024