FORTE MINERALS CORP Stock Price, News & Analysis

Forte Minerals Corp (OTCQB: FOMNF) has announced plans for its first-ever 1,500-metre diamond drill program at the Pucarini Gold Project in Southern Peru, scheduled to begin in late Q2 2025. The program will consist of 5 diamond drill holes targeting high-sulfidation epithermal gold deposits.

The 1,000-hectare Pucarini claim features multiple gold-bearing zones within a 3.6 x 1.8 km alteration footprint. The main target area spans 1.2 km x 700 m, with surface geochemistry showing anomalous gold values coinciding with geophysical anomalies. The project has received environmental drilling permits and secured community agreements.

Additionally, the company announced the termination of its option agreement with Alta Copper Corp for the Don Gregorio Cu-Au Porphyry Project due to community access issues preventing the completion of required environmental studies.

Forte Minerals Corp (CSE: CUAU) (OTCQB: FOMNF) has announced its participation in the prestigious Swiss Mining Institute (SMI) Investment Conference in Zurich, Switzerland, scheduled for March 18-19, 2025. President and CEO Patrick Elliott will deliver the company's first-ever presentation at this exclusive event on March 19 at 14:45 CET in Grand Salon 3.

The SMI conference, organized by Bally Capital Advisors SA, is a premier mining investment event that attracts over 1,000 professional investors, including Asset Managers, Portfolio Managers, and Fund Managers from across the globe. The invite-only gathering features presentations from more than 100 selected mining companies.

Elliott will present Forte Minerals' copper and gold exploration strategy in Perú, recent project achievements, and future plans. The presentation aims to provide European and global investors with insights into the company's portfolio of copper and gold assets in Perú and its vision for 2025.

Forte Minerals Corp. (CSE: CUAU) (OTQB: FOMNF) has announced its participation in the upcoming Prospectors & Developers Association of Canada (PDAC) Convention, scheduled for March 2-5, 2025, at the Metro Toronto Convention Centre. The company will be present at Booth 2736 in the Investor Exchange Pavilion.

President and CEO Patrick Elliott and the technical team will be available to discuss the company's copper and gold assets in Perú, including upcoming drill programs and recent acquisitions. A special guest from Perú will also join the team at the booth.

Forte Minerals has completed the acquisition of the Miscanthus Property in central Peru from Globetrotters Resource Group. The property includes 4 concessions totaling 3,200 hectares and comes with an approved DIA drilling permit for 40 platforms over 172 hectares. The acquisition terms include a US$27,000 cash payment, issuance of 3,000,000 common shares at $0.23 per share, and a 1.0% NSR royalty. Following the transaction, Globetrotters increased its ownership to 17.60% of Forte's outstanding shares (undiluted) and potentially 18.94% on a partially diluted basis.

Forte Minerals has acquired the Miscanthus gold and copper prospects in central Peru from Globetrotters Resource Group. The acquisition includes 4 concessions totaling 3,200 hectares, with terms including a US$27,000 cash payment, 3 million common shares at $0.23 per share, and a 1% NSR royalty. The property features an approved DIA environmental drilling permit for 40 platforms over 172 hectares.

The property, located 390 km southeast of Lima, shows potential for a large porphyry Cu-Mo-Au system with high-sulphidation epithermal Au-Ag mineralization. Previous exploration by Sumitomo and Globetrotters identified significant targets including the High-Sulphidation Epithermal Au-Ag target, Copper East target, and Copper SW target.

Forte Minerals Corp. (CSE:CUAU)(OTCQB:FOMNF) has engaged Stockworks Agency as an investor relations consultant, effective September 1, 2024. Stockworks will develop and implement communication strategies to increase awareness and educate investors about Forte's projects and growth potential. The agreement includes a monthly fee of CAD $5,000 for 12 months, plus 100,000 stock options and a 5% finder's fee on new investor financing. Glen Watson from Stockworks will collaborate with Forte's VP of Corporate Development, Anna Dalaire, to maximize the impact of investor relations initiatives. This strategic partnership aims to enhance shareholder value as Forte advances its copper and gold projects in Peru.

Forte Minerals Corp. (CSE:CUAU, OTCQB:FOMNF, Frankfurt:2OA) announced the closing of its previously announced non-brokered private placement, raising CAD $1,790,600 by issuing 8,953,000 units at CAD $0.20 per unit. The Offering was initially set for 7,500,000 units but was oversubscribed due to high demand. Each unit includes one common share and one-half of a common share purchase warrant, exercisable at CAD $0.30 until June 26, 2026. Finder's fees of $86,736 were paid, and 433,680 finder's warrants issued. Net proceeds will fund exploration programs, including drilling at the Pucarini Gold Project, surface exploration at Esperanza and Alto Ruri, and general working capital. Certain directors participated in the Offering, triggering 'related party transaction' considerations under MI 61-101. The statutory hold period for the securities expires on October 27, 2024.

Forte Minerals (CSE:CUAU, OTQB:FOMNF, Frankfurt:2OA) has announced a non-brokered private placement offering of up to 7.5 million units at CAD $0.20 per unit, aiming to raise CAD $1.5 million. Each unit includes one common share and a half-share purchase warrant, exercisable at CAD $0.30 within two years. The proceeds will fund a 1,200-meter drill program at Pucarini, a gold prospect, and other exploration activities at Esperanza and Alto Ruri. A statutory hold period of four months and one day applies. The offering is expected to close by June 30, 2024. A finder's fee of 6% may be paid to eligible advisors.