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Forte Minerals Closes a Second C$5.7 Million Strategic Investment and Additional Participation from Existing Strategic Investor

by admin November 4, 2025
November 4, 2025

‘Not for distribution to United States newswire services or for dissemination in the United States.’

Forte Minerals Corp. (‘Forte’ or the ‘Company’) ( CSE: CUAU ) ( OTCQB: FOMNF ) ( Frankfurt: 2OA ) is pleased to announce the closing of its previously announced non-brokered private placement (the ‘Offering’ ) with a second strategic investor for aggregate gross proceeds of C$5.7 million.

Under the Offering, the Company issued 6,333,333 common shares at C$0.90 per share.

In accordance with the Investor Rights Agreement dated July 23, 2025, the First Strategic Investor exercised its right to maintain its existing ownership position by acquiring 699,060 common shares at C$0.90 per share for additional gross proceeds of C$629,154.

As a result, total gross proceeds from the combined placements with both strategic investors amount to approximately C$6,329,153 through the issuance of 7,032,393 common shares. All securities issued are subject to a statutory four-month-and-one-day hold period expiring March 4, 2026.

Patrick Elliott, President and CEO, commented:

‘Closing this placement marks another milestone for Forte. Within three months, we’ve welcomed two strategic investors who share our long-term vision and confidence in the quality of our Peruvian portfolio. Their participation strengthens Forte’s shareholder base and positions the Company to accelerate its copper-gold exploration programs with meaningful momentum.

‘We extend our sincere thanks to both new and existing shareholders for their continued confidence and support as we advance Forte’s growth strategy in Peru.’

Use of Proceeds
Proceeds from the Offering will be used to advance exploration across Forte’s portfolio of four Peruvian projects. A portion of the funds will also support general working capital and corporate purposes.

The Company also granted 150,000 stock options to consultants pursuant to its existing stock option plan. All Options are exercisable at C$1.25 per share for a period of five years, subject to the terms of the plan and applicable regulatory approvals.

ABOUT Forte Minerals CORP.
Forte Minerals Corp. is an exploration company with a strong portfolio of high-quality copper (Cu) and gold (Au) assets in Peru. Through a strategic partnership with GlobeTrotters Resources Perú S.A.C. , the Company gains access to a rich pipeline of historically drilled, high-impact targets across premier Andean mineral belts. The Company is committed to responsible resource development that generates long-term value for shareholders, communities, and partners.

On behalf of Forte Minerals CORP.

(signed) ‘ Patrick Elliott’
Patrick Elliott, MSc, MBA, PGeo
President & Chief Executive Officer
Forte Minerals Corp.
info@forteminerals.com
www.forteminerals.com

Investor Inquiries Media Contact
Kevin Guichon, IR & Capital Markets Anna Dalaire, VP Corporate Development
E: kguichon@forteminerals.com E: adalaire@forteminerals.com
C: (604) 612-9976 T: (604) 983-8847

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Certain statements included in this press release constitute forward-looking information or statements (collectively, ‘forward-looking statements’), including those identified by the expressions ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, ‘intend’, ‘may’, ‘should’ and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward-looking statements relating to the intended use of proceeds of the Strategic Placement. These forward-looking statements and information reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company with respect to the matter described in this press release. Forward-looking statements involve risks and uncertainties, which are based on current expectations as of the date of this release and subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Additional information about these assumptions and risks and uncertainties is contained under ‘Risk Factors and Uncertainties’ in the Company’s latest management’s discussion and analysis, which is available under the Company’s SEDAR+ profile at www.sedarplus.ca, and in other filings that the Company has made and may make with applicable securities authorities in the future.

Forward-looking statements are not a guarantee of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Factors that could cause the actual results to differ materially from those in forward-looking statements include the continued availability of capital and financing, and general economic, market or business conditions. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, there can be no assurance that the statements will prove to be accurate or that management’s expectations or estimates of future developments, circumstances or results will materialize. The Company assumes no responsibility to update or revise forward-looking information or statements to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company’s forward-looking statements.

Neither the Canadian Securities Exchange (the ‘CSE’) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

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