Forte Minerals Secures a Second C$5.7 Million Strategic Investment

Executive Summary

• Forte Minerals entered into a non‑brokered private placement for C$5.7 million from a second strategic investor, issuing 6,333,333 common shares at C$0.90 each.
• The financing is expected to close on or before November 5, 2025 and will be used to advance four Peru exploration projects and for general working capital.
• The first strategic investor retains a contractual right to purchase up to an additional 994,598 shares at the same price, which could increase total gross proceeds to approximately C$6.6 million.

Key Details

• Placement Size: C$5.7 million (potentially C$6.6 million if first investor exercises its right).
• Shares Issued: 6,333,333 common shares at C$0.90 per share; up to an additional 994,598 shares for the first strategic investor.
• Closing Date: On or before November 5, 2025, subject to regulatory approvals.
• Hold Period: All securities subject to a statutory four‑month‑and‑one‑day hold period under Canadian law.
• Use of Proceeds:
• Advance Forte’s portfolio of four exploration projects in Peru.
• Allocate a portion to general working capital and corporate purposes.
• First Strategic Investor Right: Contractual right to maintain a 9.9 % ownership interest by purchasing up to 994,598 additional shares at C$0.90 per share under the same terms.
• No Finder’s Fees/Commissions: The financing will be completed without any finder’s fees or commissions.

Notable Quotes

“This is a pivotal moment for Forte… Having a second‑well‑distinguished strategic investor join our shareholder base further validates the strength of our exploration portfolio…” – Patrick Elliott, President & CEO

“It’s a partnership built on a shared vision to unlock the next generation of discoveries that will help sustain Peru’s position as a global leader in copper and gold production.” – Patrick Elliott, President & CEO