Vancouver, British Columbia — October 10, 2025 — Leads & Copy — Canter Resources Corp. (OTC Pink: CNRCF) (FSE: 601) has announced the closing of its non-brokered private placement, raising gross proceeds of $1,050,000 through the issuance of 5,250,000 units at a price of $0.20 per unit. Each unit consists of one common share and one-half of one transferable common share purchase warrant, with each whole warrant exercisable to purchase one additional share at a price of $0.26 for two years from the date of issuance.
No finders’ fees were paid in connection with the private placement. All securities issued are subject to statutory hold periods and a voluntary 12-month lockup period.
The company intends to use the net proceeds to advance its Columbus Lithium-Boron Project and Railroad Valley Lithium-Boron Project, evaluate additional projects, and for general working capital purposes. Insiders of the company purchased 225,000 units in the private placement, constituting a “related party transaction”.
Canter Resources Corp. is a junior mineral exploration company advancing the Columbus Lithium-Boron Project and the Railroad Valley Lithium-Boron Project in Nevada, USA. The company is completing a phased drilling approach at Columbus to test brine targets and plans to leverage its critical metals targeting database to generate a portfolio of high-quality projects.
Contact:
Joness Lang
Chief Executive Officer
Canter Resources Corp.
Tel: 778.382.1193
jlang@canterresources.com
For investor inquiries:
Kristina Pillon, High Tide Consulting Corp.
Tel: 604.908.1695
investors@canterresources.com
Source: Canter Resources Corp.
