Fuerte Completes C$17.25 Million Brokered Private Placement

Core Viewpoint - Fuerte Metals Corporation has successfully closed a brokered private placement, raising gross proceeds of C$17,249,933 to fund eligible Canadian exploration expenses related to its Coffee Gold Project [1][4]. Group 1: Offering Details - The Offering consisted of 1,380,950 flow-through common shares priced at C$5.25 each, generating C$7,249,988, and 1,655,620 special flow-through common shares priced at C$6.04 each, generating C$9,999,945 [1]. - The total gross proceeds from the Offering amount to C$17,249,933, which will be used for qualifying exploration expenditures [1][4]. - The Offered Securities are subject to a statutory hold period in Canada, expiring on April 19, 2026 [2]. Group 2: Agents and Commissions - The Offering was led by Stifel Nicolaus Canada Inc. and BMO Capital Markets, with a syndicate of agents including National Bank Financial Inc., Desjardins Capital Markets, and Ventum Financial Corp. [2]. - Agents received a cash commission of 5% of the gross proceeds, reduced to 2% for sales to purchasers on the president's list [3]. Group 3: Use of Proceeds - The proceeds from the Offering will be allocated to incur eligible "Canadian exploration expenses" related to the Coffee Gold Project, with a deadline for incurring these expenses set for December 31, 2026 [4]. - The Company plans to renounce all qualifying expenditures in favor of the subscribers of the Offered Securities effective December 31, 2025 [4]. Group 4: Insider Participation - Certain directors, officers, and insiders purchased a total of 280,000 FT Shares as part of the Offering, which is classified as a "related party transaction" [6]. - The Company is exempt from formal valuation and minority shareholder approval requirements for this transaction due to the fair market value being less than 25% of the Company's market capitalization [6]. Group 5: Company Overview - Fuerte Metals Corporation is focused on advancing precious and base metals projects across the Americas, with its flagship asset being the Coffee Project in Yukon, Canada, which hosts 3.0 million ounces of Measured and Indicated Resource and an Inferred Resource of 0.8 million ounces [7]. - The Company is committed to responsible stewardship of the land and building long-term value for shareholders through disciplined project development [7].