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Forte Minerals Corp. (‘Forte’ or the ‘Company’) ( CSE: CUAU ) ( OTCQB: FOMNF ) ( Frankfurt: 2OA ) is pleased to announce that it has entered into an agreement for a C$5.7 million strategic investment through a non-brokered private placement of 6,333,333 common shares at C$0.90 per share with a second strategic investor (the ‘Second Strategic Investment’).
Patrick Elliott , President and CEO of Forte Minerals, commented: ‘This is a pivotal moment for Forte. Having a second well-distinguished strategic investor join our shareholder base further validates the strength of our exploration portfolio and the progress we’ve made in advancing drill-ready projects in Peru. This investment adds further depth, local partnership, and momentum as we continue building a pipeline of copper and gold discoveries.’
Investment Overview
The Second Strategic Investment is expected to close on or before November 5, 2025, subject to regulatory approvals. All securities issued will be subject to a statutory four-month-and-one-day hold period under applicable Canadian securities laws. No finder’s fees or commissions will be paid in connection with the financing.
Proceeds from the financing will be used to advance Forte’s portfolio of four exploration projects in Peru. A portion of the proceeds will also be allocated to general working capital and corporate purposes.
In connection with this financing, the Company notes that its First Strategic Investor, which participated in Forte’s July 2025 private placement , has a contractual right to participate in future financings to maintain a 9.9 percent ownership interest.
Should that investor elect to exercise this right in the current financing, they may purchase up to an additional 994,598 common shares at C$0.90 per share, on the same terms. If such participation occurs, total gross proceeds will increase to approximately C$6.6 million through the issuance of up to 7,327,931 common shares.
Strengthening Forte’s Position in Peru
The Second Strategic Investor’s commitment underscores the quality of Forte’s exploration portfolio and reinforces the Company’s credibility as an explorer with deep operational experience and partnerships in Peru. The addition of a second strategic investor within three months strengthens Forte’s base of long-term shareholders and it supports its mission to responsibly advance a 19,000-hectare portfolio of copper and gold assets within the country’s most prospective mineral belts.
‘This is more than an investment,’ said Elliott.
‘It’s a partnership built on a shared vision to unlock the next generation of discoveries that will help sustain Peru’s position as a global leader in copper and gold production.’
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 Kevin Guichon, IR & Capital Markets E: kguichon@forteminerals.com C: (604) 612-9976 |
Media Contact Anna Dalaire, VP Corporate Development E: adalaire@forteminerals.com 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.
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