Fuerte Metals Vends El Cofre Project in Chile to Chilean Cobalt Corporation

Core Points - Fuerte Metals Corporation has entered into a definitive agreement to sell its 100% owned El Cofre project in Chile to Chilean Cobalt Corporation for a total consideration of US$1,890,000, which includes 4.5 million common shares of Chilean Cobalt and reimbursement for recent concession payments [1][2] - The closing of the transaction is expected around November 11, 2025, pending necessary regulatory approvals and customary closing conditions [2] - Fuerte Metals will continue to focus on its primary project, the Placeton/Caballo Muerto project in Chile, which contains several untested porphyry copper targets located between significant copper-gold deposits [2][3] Company Overview - Fuerte Metals is a well-funded resource company engaged in the acquisition, exploration, and development of copper and precious metals projects in the Americas [3] - The company is advancing its Cristina precious metals project in Chihuahua, Mexico, aiming to significantly expand the existing mineral resource estimate with a focus on underground mining [3]