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

Executive Summary

• 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.

Key Details

• 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.

Notable Quotes

(No direct quotes were provided in the release.)