Anteros Metals (CSE:ANT) appoints Abraham Drost as Executive Chairman and revises terms of a non-brokered private placement.
Drost, a registered Professional Geoscientist in Ontario, brings experience from his roles as President of Rift Minerals and Chairman of Vinland Lithium.
Founder Bill Kennedy says Drost is a seasoned explorationist who has overseen multiple merger-driven liquidity events.
Incoming Executive Chairman Drost notes the company’s Havens Steady and Strickland Projects in Newfoundland present “compelling exploration opportunities”.
Emily Halle will transition from director to strategic advisor, continuing to support exploration strategy.
The company is currently earning a 20% phase one interest in the Seagull Project near Thunder Bay, Ontario, which is being explored for hydrogen, helium, platinum group elements, copper and nickel.
The company plans to resume drilling at Seagull by late April to early May 2026, subject to field conditions. This program will evaluate hydrogen and helium potential of gas-bearing structures using historical drill holes.
The company has amended its private placement terms to offer units at C$0.05 and flow-through units at C$0.065 per unit, targeting aggregate proceeds up to C$1 million ($1.04 million).
Each unit comprises one common share and half a warrant exercisable at C$0.10 for two years, subject to acceleration if shares trade above C$0.15 for 10 consecutive days.
Flow-through units include one flow-through share and half a warrant, qualifying for the Critical Mineral Exploration Tax Credit.
Anteros Metals applies proprietary artificial intelligence and data science to target, model, and advance metal and mineral discoveries in Newfoundland and Labrador, Canada.
Edited by Amy Rotman
Write to info@mining.com.au at Mining.com.au
Images: Unsplash
