GlobeTrotters Resource Group Inc. Announces Filing of Updated Early Warning Report

Rhea-AI Summary

GlobeTrotters Resource Group (FOMNF) has announced the disposition of 1,428,000 common shares of Forte Minerals Corp. at approximately $0.75 per share through the TSX Venture Exchange on September 15, 2025.

Following this transaction, GlobeTrotters' ownership in Forte has decreased from 9.59% to 7.42% of outstanding shares on a non-diluted basis, now holding 4,870,333 shares. The company indicates it may conduct further transactions in the future, including potential additional purchases or sales, depending on market conditions.

Positive

• Sale of shares at $0.75 per share provides immediate capital realization
• Company maintains significant 7.42% ownership stake in Forte Minerals

Negative

• Reduction in ownership stake from 9.59% to 7.42% decreases strategic influence
• Potential for further share sales could create downward pressure on stock price

Vancouver, British Columbia--(Newsfile Corp. - September 16, 2025) - GlobeTrotters Resource Group Inc. ("GlobeTrotters" or the "Acquiror") announces that, on September 15, 2025, GlobeTrotters disposed of ownership of an aggregate of 1,428,000 common shares (the "Shares") of Forte Minerals Corp. ("Forte" or the "Issuer") at an approximate price of $0.75 per Share pursuant to certain market sales over the facilities of the TSX Venture Exchange (the "Disposition").

Immediately prior to the completion of the Disposition, the Acquiror owned a total of 6,298,333 Shares, representing approximately 9.59% of the issued and outstanding Shares on a non-diluted basis.

Immediately following the completion of the Disposition, the Acquiror owns a total of 4,870,333 Shares, representing approximately 7.42% of the issued and outstanding Shares on a non-diluted basis.

All of the securities held by GlobeTrotters in Forte, including the Shares and the Warrants, are being held for investment purposes. GlobeTrotters may in the future take such actions in respect of its Forte securityholdings as it deems appropriate in light of the market circumstances then existing, including the potential purchase of additional shares of Integra through open market purchases or privately negotiated transactions, a corporate transaction, such as a merger, reorganization or liquidation, involving Forte, or the sale of all or a portion of such holdings in the open market or in privately negotiated transactions to one or more purchasers, or GlobeTrotters may continue to hold its current positions.

A copy of the early warning report relating to the Shares will be available under Forte's profile on SEDAR+ at www.sedarplus.ca, and may also be obtained by contacting GlobeTrotters Resource Group Inc. at 604-466-0425. GlobeTrotters' head office is located at 23678 - 108^th Loop, Maple Ridge, British Columbia, Canada, V2W 1B2.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/266623

FAQ

How many shares did GlobeTrotters Resource Group (FOMNF) sell in Forte Minerals on September 15, 2025?

GlobeTrotters sold 1,428,000 common shares of Forte Minerals at approximately $0.75 per share through the TSX Venture Exchange.

What is GlobeTrotters' current ownership percentage in Forte Minerals after the September 2025 sale?

Following the disposition, GlobeTrotters owns 4,870,333 shares, representing approximately 7.42% of Forte Minerals' outstanding shares on a non-diluted basis.

What was GlobeTrotters' ownership percentage in Forte Minerals before the September 2025 sale?

Prior to the disposition, GlobeTrotters owned 6,298,333 shares, representing approximately 9.59% of Forte Minerals' outstanding shares.

What are GlobeTrotters' future plans regarding their Forte Minerals holdings?

GlobeTrotters may consider various actions including purchasing additional shares, participating in corporate transactions, or selling their holdings depending on market conditions.