Financings

Fidelity Minerals Announces Appointment of Ryan Batros as CEO and Closing of Second and Final Tranche of Non-Brokered Private Placement

By The Northwire Desk — AI Analysis Dec 05, 2025 · 16:15 FMN · 0.19 Fidelity Minerals Corp.

FMN · Price

Fidelity Minerals appoints Ryan Batros as its new Chief Executive Officer, succeeding interim CEO Ian Graham.
The company closes the second tranche of a non‑brokered private placement, issuing 1,500,000 units at $0.10 per unit for gross proceeds of $150,000 (total $1.5 M across both tranches).
Proceeds will be used to advance Peruvian exploration, community relations, and general working capital; the securities are subject to a four‑month hold period expiring 2026‑04‑06.

CEO Appointment
Ryan Batros appointed CEO; brings >20 years experience in financial services, stockbroking, corporate advisory, equity capital markets, and investor relations.
Ian Graham resigns as interim CEO but remains an independent board member.
Private Placement – Second Tranche
Units issued: 1,500,000
Price per Unit: $0.10
Gross proceeds (tranche): $150,000; cumulative gross proceeds from both tranches: $1,500,000.
Composition of each Unit: 1 common share + ½ common‑share purchase warrant (full warrant exercisable at $0.20 per share, expires 2027‑12‑05).
Strategic Investor – Metals One Plc
Acquired 5,000,000 units across both tranches for $500,000 total consideration.
Holds 5,000,000 common shares and 2,500,000 warrants → 12.47 % non‑diluted ownership; 17.61 % partially diluted (assuming warrant exercise).
Use of Proceeds
Advance exploration at the Las Huaquillas project in Peru.
Fund community‑relation programs and corporate working capital.
Hold Period & Regulatory Conditions
Securities from tranche 2 subject to a four‑month hold period, lifting on 2026‑04‑06.
Closing pending final approval of the TSX Venture Exchange.
Finder’s Fees
First tranche: $33,775 cash finder’s fees paid; 337,750 finder’s warrants issued (exercisable at $0.20 until 2027‑10‑07).
No finder fees for second tranche.
Additional Information
Early warning report for Metals One will be posted on Fidelity’s SEDAR+ profile.

(No direct quotes were provided in the release.)

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