• Terra Metals secures $4 million strategic investment from Golden Energy and Resources (GEAR) and Matthew Latimore
• Investment to be used for exploration and development of 100% owned Dante Project in Western Australia
• Maiden Mineral Resource Estimate for Dante Project underway

Terra Metals Limited (ASX:TM1) has successfully secured commitments from strategic investors to subscribe for 114,285,715 new ordinary shares at $0.035 per share, raising gross proceeds of $4 million. The Company is pleased to welcome two strategic investors with deep operational experience and a long-term commitment to resource development - Golden Energy and Resources Pte Ltd (GEAR) and Matthew Latimore. GEAR is a leading resources company in the Asia Pacific with operations in metallurgical coal and gold mining. Matthew Latimore is the Founder and President of M Resources Pty Ltd, which holds interests in various Australian mining and infrastructure companies. The Company's largest shareholder, Tribeca Investment Partners, has also committed to subscribe under the Placement to maintain its 15% shareholding. Proceeds from the Placement will be used to continue the exploration and development of the Company's 100% owned Dante Project in Western Australia, including drilling, resource estimation, and general corporate purposes. To date, the Company has completed over 17,000 metres of drilling at Dante, confirming a laterally extensive, stratiform reef-style system with mineralisation mapped over 10km of strike. Additional reefs have been identified across +80km of strike, with recent tenement acquisitions extending the potential to hundreds of kilometers. The Company is preparing for its maiden Mineral Resource Estimate for the Dante Project, with South African independent resource consultants scheduled for a site visit in mid-June.

The Company plans to use the $4 million strategic investment to accelerate the exploration and development of its 100% owned Dante Project in Western Australia, including extensional, infill, and resource drilling, and drill testing of the extensive exploration upside across the district-scale project.