Terra Balcanica Resources Corp. (TERA) Secures 100% of Viogor, Extends C$750K Placement

Terra Balcanica Resources Corp. (TERA) Secures 100% of Viogor, Extends C$750K Placement

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Terra Balcanica will acquire the remaining 10% of its Bosnian subsidiary for 6,331,400 shares, taking 100% of the Viogor project, subject to CSE approval. It also extended its up to C$750K private placement to on or before Oct. 8, 2026.

Material Details

| # | Detail | AI Analyst View |

|---|---|---|

| 1 | Acquires remaining 10% of Viogor | Full ownership removes JV friction and consolidates project upside. |

| 2 | Payment: 6,331,400 shares | Equity-funded; signals dilution but preserves cash for exploration. |

| 3 | Deal subject to CSE approval | Regulatory approval is a closing risk; timeline not specified. |

| 4 | PP up to C$750K at C$0.05/Unit | Small raise to fund geophysics and Phase IV drilling; sets near-term catalyst. |

| 5 | Warrants at C$0.10 for 24 months | Creates potential overhang; signals management’s view of upside level. |

| 6 | PP closing by Oct. 8, 2026 | Near-term funding event; failure to close could delay drilling. |

Context by AI Analyst

This advances Terra’s strategy to consolidate and explore Viogor, moving from license renewal to drill-ready executi...