Core Insights - Fuerte Metals Corporation has announced key additions to its management team to advance the Coffee Gold project in Yukon, Canada [2][11] - The new leadership team includes experienced professionals from notable companies in the mining industry, enhancing the company's capabilities [2][3][4][5][9][10] Management Team Additions - Tim Warman has expressed enthusiasm about the new team, which includes a former senior executive from Franco-Nevada and senior members from Newmont's Coffee project [2] - Denis Flood has been appointed as Chief Operating Officer, bringing over 20 years of experience in engineering and operations [3] - Jason O'Connell has been named Chief Financial Officer, with a strong background in business development and investor relations in the mining sector [4] - Jennie Gjertsen has taken on the role of Vice-President of Sustainability and External Relations, with nearly 20 years of experience in multi-metallic mining [5] - Nelson Bodnarchuk has been appointed Vice-President of People and Systems, contributing over 20 years of leadership experience [9] - Jasmin Dobson has been named Vice-President of Environment and Permitting, with extensive experience in environmental management and permitting [10] Coffee Gold Project Overview - The Coffee Gold project hosts 3.0 million ounces of Measured and Indicated resources and an Inferred Resource of 0.8 million ounces [11] - The project is located approximately 130 km south of Dawson in Yukon and is on a clear path to complete permitting [11] - Fuerte Metals emphasizes the importance of environmental protection and community engagement with local First Nations [11][12] Company Background - Fuerte Metals Corporation is focused on advancing high-potential base and precious metals projects across the Americas, with the Coffee project being its flagship asset [13] - The company is committed to responsible stewardship of the land and creating long-term returns for shareholders [13]

Core Points - Fuerte Metals Corporation has successfully closed the acquisition of Goldcorp Kaminak Ltd., which owns the Coffee Gold Project in Yukon, Canada, from Newmont Corporation for a total consideration of approximately US$115 million [1][2] - The acquisition involved a cash payment of US$10 million, issuance of US$40 million in common and preferred shares, and assumption of a US$65 million intercompany note payable to Kaminak [1][2] - Following the transaction, Newmont will hold a 26% indirect ownership stake in Fuerte on a partially diluted basis [1] Financial Details - The company raised approximately US$57.5 million through an offering of 34,848,485 subscription receipts at a price of $1.65 each to fund the cash component of the acquisition and advance exploration activities [2][3] - After the transaction, Fuerte has 120,915,268 common shares and 10,842,989 preferred shares outstanding, with a current cash balance of approximately C$43 million [3] Strategic Plans - Fuerte plans to provide a market update later in the quarter, including a Preliminary Economic Assessment (PEA) in the first half of 2026 and exploration plans for Q2/Q3 2026 [2] - The company aims to strengthen its management team and board to facilitate the transition to a gold producer [3] Investor Rights and Agreements - An investor rights agreement has been established with Newmont, granting it rights to participate in certain securities offerings and to nominate one director to Fuerte's board [4] - Fuerte issued 2,000,000 units to Trinity Advisors Corporation as compensation for financial advisory services related to the transaction, with warrants exercisable at $2.50 per share for five years [5] Company Overview - Fuerte Metals is focused on advancing high-potential base and precious metals projects across the Americas, with the Coffee Project being its flagship asset [9] - The company also holds a portfolio of copper and gold assets in Chile and Mexico, indicating potential for further growth and exploration [9]

Core Points - Fuerte Metals Corporation has successfully closed an offering of subscription receipts through its subsidiary, Finco, raising approximately $57.5 million [1][2] - The proceeds will be utilized for the acquisition of the Coffee Gold Project in Yukon, Canada, and for advancing exploration and development activities [1][2] - The offering involved the issuance of 34,848,485 subscription receipts at a price of $1.65 each [2] Financial Details - The gross proceeds from the offering are approximately $57.5 million, which will be placed into escrow until all release conditions are met [2][3] - The Agents' Fee for the offering is set at 6% of the gross proceeds, with a specific 3% for purchasers on the President's List [5] Transaction Structure - Upon satisfaction of escrow release conditions, subscription receipts will convert into units consisting of one common share and one warrant, with the warrant allowing the purchase of a share at $2.50 for five years [3] - The offering is subject to approval from the TSX Venture Exchange [4] Insider Participation - Certain directors and insiders purchased a total of 5,479,000 subscription receipts, which is classified as a related party transaction [6] - The company is exempt from formal valuation and minority shareholder approval requirements due to the transaction's market capitalization being under 25% [6] Company Overview - Fuerte Metals Corporation is focused on advancing base and precious metals projects across the Americas, with the Coffee Project being its flagship asset [8] - The company also holds additional copper and gold assets in Chile and Mexico, indicating potential for growth and exploration [8]

Core Insights - Fuerte Metals Corporation has filed a technical report for the Coffee Gold Project, which includes an updated mineral resource estimate effective August 21, 2025 [1][2] - The report was prepared by qualified professionals from Micon International Limited, who are independent of Fuerte [2] - The Coffee Project is a flagship asset for Fuerte, located in Yukon, Canada, and is advancing through final stages of permitting and engineering [3] Company Overview - Fuerte Metals is based in Vancouver and focuses on exploration and development of base and precious metals projects across the Americas [3] - The company holds a portfolio that includes the Coffee Project, as well as copper and gold assets in Chile and Mexico, indicating potential for growth and exploration [3] - Fuerte is committed to disciplined project development and responsible land stewardship to create long-term shareholder value [3]

Core Points - Fuerte Metals Corporation announced the retirement of Chief Financial Officer Martin Rip effective September 30, 2025, with John Teo appointed as Interim CFO [1][2] - The company is in the process of identifying a permanent CFO and expects to make an announcement soon [2] - CEO Tim Warman acknowledged Martin Rip's significant contributions, particularly in the acquisition of the Coffee Gold Project from Newmont [3] Company Overview - Fuerte Metals is based in Vancouver and focuses on exploration and development of base and precious metals projects across the Americas [3] - The flagship asset is the 100%-owned Coffee Project in Yukon, Canada, which is nearing the final stages of permitting, engineering, and resource expansion drilling [3] - The company also holds a portfolio of copper and gold assets, including projects in Chile and Mexico, indicating potential for growth and exploration [3]

Core Viewpoint - Fuerte Metals has agreed to acquire Newmont Corporation's Coffee Gold Project in Yukon, Canada, for up to $150 million, which includes an initial cash payment and equity shares, along with a royalty agreement [1][2][3]. Transaction Details - The total acquisition cost is up to $150 million (C$206.47 million), consisting of an initial cash payment of $10 million and $40 million in equity [1]. - Newmont will receive a 3% net smelter return royalty on the Coffee Gold Project, which Fuerte can repurchase for up to $100 million [1]. - The transaction is expected to close by October 19, 2025, pending specific conditions [2]. Strategic Rationale - Newmont's CEO stated that the sale is part of a strategy to streamline its portfolio and focus on core operations [3]. - The divestment aligns with Newmont's previous announcements regarding the sale of non-core assets across various regions [2]. Project Overview - The Coffee Gold Project is located approximately 130 km south of Dawson in Yukon Territory and is part of a region known for significant gold deposits [4][5]. - The project is reported to host 3 million ounces (moz) of open-pit heap-leach measured and indicated resources, along with an inferred resource of 800,000 ounces [5]. Advisory Roles - BMO Capital Markets acted as the financial advisor for Newmont, while Goodmans served as legal advisor [5]. - Trinity Advisors Corporation was the financial advisor for Fuerte Metals, with Borden Ladner Gervais acting as legal counsel [6]. Community Engagement - Fuerte Metals emphasizes the importance of protecting the water and lands around the Coffee Creek area and pledges to build relationships with local First Nations [7].

Core Insights - Fuerte Metals Corporation has announced a transformational acquisition of the Coffee Gold Project from Newmont Corporation, which includes a robust mineral resource estimate and significant upside potential [1][2][5] Transaction Overview - The acquisition involves an upfront payment of US$10 million in cash and US$40 million in common and preferred shares, totaling up to US$150 million [2][24] - Fuerte will grant Newmont a 3% net smelter return (NSR) on the Coffee project, which can be repurchased for US$100 million within one year after commercial production [2][24] Project Highlights - The Coffee Gold Project hosts a measured and indicated resource of 3.0 million ounces of gold within 80 million tonnes at a grade of 1.15 g/t, with an inferred resource of 0.8 million ounces within 21 million tonnes at 1.17 g/t [5][9] - The project is located in Yukon, Canada, an emerging mining jurisdiction with strong geological potential and government support [5][13] - Engineering and permitting processes are well advanced, with a positive environmental assessment received in 2022 [5][21] Resource Expansion Potential - The project has significant optionality for resource expansion, with a strategic land package of 70,256 hectares and multiple untested oxide targets [5][11] - Sensitivity analysis indicates a robust resource at higher cut-off grades, with 2.8 million ounces at 1.44 g/t gold at a 0.40 g/t cut-off [11][12] Community and Environmental Engagement - Fuerte is committed to building relationships with local First Nations and has signed agreements to ensure community involvement in the project [6][20] - The project has undergone extensive environmental assessments and community consultations since 2010 [19][21] Financing and Shareholder Base - A concurrent equity financing of up to C$50 million is being arranged, backed by key shareholders including Newmont and Agnico Eagle [2][29] - The financing will support the cash component of the acquisition and further exploration and development activities at the Coffee project [30][40] Timeline and Regulatory Approvals - The transaction is expected to close around October 19, 2025, subject to regulatory approvals and customary closing conditions [37][36] - Applications for necessary permits, including a Water Use Licence and Quartz Mining Licence, are currently under review [22][21]