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

Company Leadership - Fidelity Minerals Corp. has appointed Ryan Batros as the new Chief Executive Officer, succeeding Ian Graham, who will remain as an independent Board member [1][2] - Ryan Batros brings over 20 years of experience in the financial services industry, with expertise in stockbroking, corporate advisory, equity capital markets, and investor relations [2] Private Placement - The Company has closed the second tranche of a non-brokered private placement, issuing 1,500,000 units at a price of $0.10 per unit, resulting in gross proceeds of $150,000 [3] - In total, the Company issued 15,000,000 units across both tranches, raising $1,500,000 [3] - Metals One Plc acquired 5,000,000 units for $500,000, representing 12.47% of the outstanding shares on a non-diluted basis and 17.61% on a partially diluted basis [4] Use of Proceeds - The net proceeds from the financing will be utilized to advance exploration and community relation programs in Peru, as well as for corporate working capital purposes [7] Securities and Regulatory Compliance - The securities issued in the second tranche are subject to a four-month hold period, expiring on April 6, 2026 [8] - The closing of the private placement is subject to final approval from the TSX Venture Exchange [11] Company Overview - Fidelity Minerals Corp. focuses on high-quality mining assets, particularly targeting large-scale copper and gold deposits, with a primary emphasis on the Las Huaquillas project in Northern Peru [12] - The Company aims to opportunistically expand its project portfolio through accretive acquisitions and is supported by an experienced management team and sophisticated investors [12]