Northwire Canada EditionWednesday, November 11, 2026
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Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.27 −1.2% Oil 86.04 −0.9% Palladium 1,024.00 +0.2% NVX 0.910 +0.0% MSR 0.435 +0.0% ELE 22.85 −4.0% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1% Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.27 −1.2% Oil 86.04 −0.9% Palladium 1,024.00 +0.2% NVX 0.910 +0.0% MSR 0.435 +0.0% ELE 22.85 −4.0% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1%
Production / Operations

Fidelity Minerals Announces Las Huaquillas Ground Access & Appointment of Contractor

Access Agreement Unlocks Peruvian Project While Financial Constraints Loom Large

By The Northwire Desk — AI Analysis Feb 19, 2026 · 08:30 FMN · 0.18 Fidelity Minerals Corp.
Executive Summary

The most recent news release (February 19, 2026) announces that Fidelity Minerals has secured a surface access and land use agreement with a local landowner for its flagship Las Huaquillas gold-copper project in Peru. This agreement allows for the construction of an access road to the Los Socavones historical underground workings. The company has engaged a contractor to begin construction immediately, with an expected completion date in the first week of April 2026. The financial terms include an initial payment of $22,400 USD (already paid), another $22,400 USD due in 30 days, $44,800 USD due in one year, and monthly payments of $895 USD for 36 months.

Material Impact
  • Operational Access: This is a necessary "permission to play" milestone. Without surface access, the company could not mobilize equipment for the planned underground sampling or the drilling program intended to produce a new NI 43-101 compliant resource estimate.
  • Execution Risk: While construction is slated for completion in April 2026, the news explicitly mentions it is "subject to weather and site conditions," which in the Peruvian highlands can be a significant variable.
  • Financial Commitment: The agreement adds a new layer of fixed costs ($895/month plus the $22.4k payment due in 30 days) to a company that, as of October 31, 2025, had a working capital deficit.
  • Resource Validation: The real materiality will only come once the company confirms "previous underground sampling results." Currently, the market is pricing in the potential, not the results.
FMN · Price
Company Overview

Fidelity Minerals is a junior exploration company focused on the Las Huaquillas project in Northern Peru. The company currently holds a 44.5% interest. - Flagship Project: Las Huaquillas (Gold-Copper). It is characterized by epithermal gold and porphyry copper-gold mineralization. The project contains the Los Socavones zone, which has historical underground workings. - Goal: Delineate a major deposit to attract mid-tier or major mining companies. - Project Interest: The company has a binding agreement to acquire an additional 5.5% interest (to reach 50%) for $500,000 USD cash and a $3,000,000 USD exploration funding commitment.

Read the original news release →

More from Fidelity Minerals Corp.

Sep 28, 2026 · 08:30

Fidelity pauses Las Huaquillas operations due to a security incident, though permits remain intact and surface damage is replaceable.

Production / Operations Aug 20, 2026 · 18:40

Fidelity secures $1m financing to extend its operational runway despite ongoing dilution and going concern risks.

Financings Aug 06, 2026 · 09:00

Fidelity raises capital at a discount, deepening dilution for the cash-strapped explorer.

Financings Jul 21, 2026 · 09:00

Fidelity closes $1.5m financing to fund Peruvian exploration amid severe liquidity crunch.

Financings Jun 18, 2026 · 08:01

Fidelity secures financing extension to advance Las Huaquillas exploration in Peru.

Financings Jun 08, 2026 · 21:06

Fidelity Minerals Announces Closing of First Tranche of Non-Brokered Private Placement Financing

Financings