Forte Minerals Closes a Second C$5.7 Million Strategic Investment and Additional Participation from Existing Strategic Investor
MTIMTI(US:MTX) Globenewswire·2025-11-04 13:00

Core Points - Forte Minerals Corp. has successfully closed a non-brokered private placement with a second strategic investor, raising aggregate gross proceeds of C$5.7 million [1][2] - The company issued 6,333,333 common shares at a price of C$0.90 per share, with an additional acquisition by the first strategic investor contributing C$629,154 [2][3] - Total gross proceeds from both placements amount to approximately C$6,329,153 through the issuance of 7,032,393 common shares [3] - The proceeds will be utilized to advance exploration across four Peruvian projects and support general working capital [5] - The company granted 150,000 stock options to consultants, exercisable at C$1.25 per share for five years [6] - Forte Minerals Corp. focuses on copper and gold exploration in Peru, leveraging a strategic partnership to access high-impact targets [7]