Forte Minerals Anchors Capital Structure with C$1.47M Treasury Influx; Highlights Tight Share Structure and Strategic Ownership Base

Executive Summary

• Forte Minerals Corp. received aggregate gross proceeds of C$1,473,054.00 from the exercise of 4,910,180 common share purchase warrants.
• The warrants exercised were originally issued in connection with the Company's 2024 financing and expired on June 26, 2026, at an exercise price of C$0.30 per share.
• Net proceeds will be used to advance exploration and permitting activities for copper and gold projects in Peru and for general working capital.

Key Details

• Gross Proceeds: C$1,473,054.00
• Warrants Exercised: 4,910,180 common share purchase warrants
• Exercise Price: C$0.30 per share
• Use of Proceeds: Aggressively advance exploration and permitting activities across copper and gold projects in Peru; general working capital purposes.
• Remaining Warrant Profile: Consolidated into a single tier of 3,430,550 warrants (3,212,550 standard warrants and 218,050 broker warrants).
• Remaining Warrant Terms: Exercisable at C$0.60 per share with an expiry date of June 13, 2027.
• Capital Structure Update: The exercise transitions the previous warrant tier into common shares, resulting in a "cleaner, single-tier profile."
• Shareholder Distribution (Post-Exercise):
  • Management & Insiders: ~20%
  • Strategic Partners: ~17% (including Globetrotter Resource Group at 8%)
  • Institutional & Long-Term Investors: ~31% (6% Institutional + 25% Long-Term)
  • Public Float: 24%

Notable Quotes

• Patrick Elliott, President and Chief Executive Officer: "The full exercise of these warrants reflects strong, continuing alignment with our shareholder base and provides Forte with a significant injection of cash. This milestone simultaneously strengthens our treasury and streamlines our capital structure into a much cleaner, single-tier profile at C$0.60. With multiple exploration catalysts ahead in Peru, this capital ensures we are fully funded to aggressively advance our high-priority copper and gold projects."