Teras Resources Inc. announced that it has entered into a Loan agreement for $500,000. The Loan is secured against the assets of the company and will be repaid on or before January 31, 2020. Teras will provide a 4% interest in its Cahuilla project in return for the Loan. The 4% interest in Cahuilla can be purchased back by Teras at a later date on terms agreeable to both parties. The majority of the proceeds will be used to maintain the Company's lease payments as well as working capital.