Fuerte Metals arranges $15-million private placement

Executive Summary

• Fuerte Metals Corp. announced a best-efforts private placement offering of up to $15 million in aggregate gross proceeds through the issuance of flow-through and special flow-through common shares.
• The offering is structured with co-lead agents Stifel Nicolaus Canada Inc. and BMO Nesbitt Burns, and is expected to close on or about December 18, 2025, subject to regulatory approvals.
• Proceeds will be used to incur eligible Canadian exploration expenses related to the Coffee gold project, with expenditures to be renounced to subscribers by December 31, 2025.

Key Details

• Aggregate Proceeds: Up to $15,000,000.
• Agents: Stifel Nicolaus Canada Inc. and BMO Nesbitt Burns acting as co-lead agents and joint bookrunners; syndicate includes National Bank Financial Inc., Desjardins Capital Markets, and Ventum Financial Corp.
• Security Structure:
  • Flow-Through Common Shares: Up to 952,380 shares at $5.25 per share, generating $5,000,000 in gross proceeds.
  • Special Flow-Through Common Shares: Up to 1,655,620 shares at $6.04 per share, generating $10,000,000 in gross proceeds.
• Overallotment Option: Agents granted an option to purchase up to an additional 15% of the aggregate offered securities on the same terms, exercisable until 48 hours prior to closing.
• Closing Date: Expected on or about December 18, 2025.
• Hold Period: Four months and one day from the closing of the offering.
• Use of Proceeds: Gross proceeds will be used to incur eligible Canadian exploration expenses (flow-through mining expenditures) related to the Coffee gold project, pursuant to Section 66.1(6) of the Income Tax Act (Canada).
• Renunciation Date: Qualifying expenditures to be renounced in favor of subscribers effective December 31, 2025.
• Indemnification: Company agrees to indemnify subscribers for additional taxes payable if it fails to renounce qualifying expenditures by the agreed date or if expenditures are reduced by the Canada Revenue Agency.
• Project Context: The Coffee gold project hosts a measured and indicated resource of 3 million ounces and an inferred resource of 800,000 ounces, located in Canada's Yukon.

Notable Quotes

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