Fuerte Metals moves ahead with Coffee feasibility study

Executive Summary

• Fuerte Metals Corp. has entered into a partnership with G Mining Services (GMS) to lead the feasibility study (FS), perform preliminary engineering for critical-path items, and manage eventual mine construction for its 100%-owned Coffee gold project in the Yukon.
• Fuerte has also engaged WSP to complete a preliminary economic assessment (PEA) for the project, which will run in parallel with the FS.
• The PEA is anticipated for completion in Q1 2026, while the FS is expected in Q4 2026, potentially leading to a production decision as early as Q1 2027.

Key Details

• Partnership with G Mining Services (GMS):
  • GMS will produce the feasibility study (FS).
  • GMS will perform preliminary engineering for critical-path items.
  • GMS will lead the eventual mine construction.
  • A memorandum of understanding (MOU) has been signed for GMS to lead construction, subject to a positive construction decision and receipt of remaining permits.
  • GMS scope includes engineering to support procurement of long-lead and critical path items, and construction supervision for permitted advanced exploration activities and the northern access route.
• Partnership with WSP:
  • WSP has been engaged to complete the preliminary economic assessment (PEA).
  • WSP will manage the PEA from its Whitehorse office, leveraging local knowledge of community, costs, and infrastructure.
• Project Timeline:
  • PEA Completion: Anticipated in the first quarter of 2026.
  • Feasibility Study (FS) Completion: Anticipated in the fourth quarter of 2026.
  • Production Decision: Could be made as early as Q1 2027.
• Project Status:
  • The Coffee gold project is 100%-owned by Fuerte Metals Corp.
  • Located in Canada's Yukon.
  • Fuerte intends to leverage extensive drilling, test work, and engineering carried out by previous project owners.
• Qualified Persons:
  • Alan J. San Martin, PEng, and Charley Murahwi, PGeo, from Micon International Ltd., are the qualified persons who prepared the mineral resource estimate.
  • Technical report: "NI 43-101 Technical Report for the 2025 Mineral Resource Estimate Update on the Coffee Gold Project, Yukon, Canada" (Effective date: Aug. 21, 2025).

Notable Quotes

• Tim Warman, President and CEO of Fuerte: "We are extremely pleased to be working with GMS and WSP as we advance the Coffee gold project towards a construction decision in 2027. We intend to leverage the extensive drilling, test work and engineering that was carried out by previous project owners as we work to complete the PEA in short order. The subsequent FS led by GMS will form the basis for project finance discussions..."
• Mathieu Gignac, President of G Mining: "Since 2014, GMS has been in continuous construction of successful mining projects. Our team has pioneered and fine-tuned the integrated project management approach to deliver responsible projects that create value for shareholders and stakeholders. We are thrilled to mobilize to the Yukon to join the Fuerte Metals project team..."