Fuerte Completes C$17.25 Million Brokered Private Placement

Executive Summary

• Fuerte Metals closed a brokered private placement raising C$17,249,933 in gross proceeds.
• The offering consisted of 1,380,950 flow‑through common shares at C$5.25 each and 1,655,620 special flow‑through common shares at C$6.04 each.
• Proceeds will be used to incur eligible Canadian exploration expenses on the Coffee Gold Project and will be renounced to subscribers by December 31 2025.

Key Details

• Offering Size: Aggregate gross proceeds of C$17,249,933.
• Securities Issued:
• 1,380,950 flow‑through common shares (FT Shares) @ C$5.25 per share → C$7,249,988 gross.
• 1,655,620 special flow‑through common shares (Special FT Shares) @ C$6.04 per share → C$9,999,945 gross.
• Statutory Hold Period: Expiring April 19 2026.
• Lead Agents / Bookrunners: Stifel Nicolaus Canada Inc. and BMO Capital Markets; syndicate includes National Bank Financial Inc., Desjardins Capital Markets, Ventum Financial Corp.
• Agent Compensation: Cash commission of 5% of gross proceeds (reduced to 2% on sales to the president’s list).
• Use of Proceeds: To incur eligible Canadian exploration expenses (“Qualifying Expenditures”) on the Coffee Gold Project before Dec 31 2026 and to renounce those expenditures to security holders by Dec 31 2025.
• Related Party Participation: Insiders purchased 280,000 FT Shares; transaction qualifies as a related‑party transaction under MI 61‑101 but is exempt from formal valuation and minority approval requirements (fair market value ≤25% of market cap).
• Regulatory Notices: Securities not registered in the U.S.; offering restricted to non‑U.S. persons unless exemption applies.

Notable Quotes

(No direct quotes were included in the release.)