Terrain Minerals Limited has advanced its 100% owned Larin’s Lane Gallium project in Western Australia with a series of metallurgical studies now underway. Funded by industry and the Western Australian government via the Minerals Research Institute of WA and supported by Curtin University’s Resources Technology and Critical Minerals Trailblazer program, the project is designed to develop environmentally sustainable extraction techniques for rare earth elements (REE) and Gallium. Samples prepared by ALS Laboratory have been submitted to Curtin University for testing with various solvents, with results expected by the end of 2025 and interim findings to be released as they emerge. Recent drilling campaigns have delineated an initial Phase One Exploration Target covering roughly 5% of a prospective 27km² sand/clay regolith zone. Data from 101 drill holes, interpreted by SRK Consulting, indicate promising recoverable grades with TREO ranging from 820 to 1,050 ppm and Gallium consistently between 19 and 21 grams per tonne across the identified South, Central, and North zones. These initial results suggest that oxide-hosted mineralization at or near the surface may offer benefits in terms of cost-effective extraction and processing. Terrain intends to follow up with additional drilling to define an Indicated Mineral Resource in line with JORC Code standards before undertaking any full-scale mining assessments. In parallel with the technical progress, Terrain has announced a pro-rata non-renounceable rights issue to raise up to approximately $1.8 million. Eligible shareholders can acquire one new share for every 3.7 shares held at an issue price of $0.003 each, coupled with a free-attaching option exercisable at $0.005 until June 2027. Board members and directors have signaled confidence by committing to take up significant allocations and by priority underwriting any shortfall, reinforcing support for the capital raise. Additional developments include the commencement of a drilling program at the Smokebush Gold Project, targeting an initial Mineral Resource estimate by early to mid-2026, with an emphasis on high-grade gold and silver intersections. These projects are being advanced against a backdrop of growing demand for critical minerals like Gallium, essential for semiconductor and renewable energy applications. While technical advancements and robust drilling results provide a bullish outlook, uncertainties remain due to the early-stage nature of exploration with only a fraction of the total prospective area tested. The forward-looking estimates and resource calculations are subject to inherent exploration risks and market variables. Nonetheless, the strategic approach of combining metallurgical studies, phased drilling, and proactive capital raising positions Terrain Minerals Limited to address both immediate operational challenges and longer-term market opportunities in critical minerals.