FORTE MINERALS CORP Stock Price, News & Analysis

Forte Minerals Corp. (CSE: CUAU, OTQB: FOMNF) has completed a property transfer agreement with Compañía Minera Ares SAC, acquiring 300 ha to protect the northern extension of the Esperanza porphyry system. The deal includes a 0.5% NSR royalty to Ares, with a buyback option for US$500,000. Additionally, Forte staked an adjacent 1000 ha claim. This acquisition gives Forte full control over the 4000 ha Esperanza project for the first time in a decade. Drilling approval is anticipated by Q2 2023, and a geophysical survey will target deeper mineralization. Forte aims to maximize shareholder value through strategic acquisitions in the copper sector.

Forte Minerals Corp. has appointed Richard Leveille to its board of directors, expanding the team to five members. Leveille brings over 40 years of experience in the mining industry, having held senior roles at notable companies including Freeport Copper & Gold. His expertise includes significant contributions to copper reserves and successful exploration projects. The company believes his background will enhance shareholder value. As part of his agreement, Leveille received 250,000 stock options at an exercise price of $0.20.

Forte Minerals Corp. has expanded its exploration portfolio by adding three new gold properties in Peru, following a successful geological reconnaissance program. The newly acquired properties include the NWC, Pucarini North, and CRP014, each displaying significant alteration signatures and gold anomalies. Notably, the NWC property shows a 7 x 1 km alteration anomaly, while Pucarini North has detected anomalous gold in 14 out of 64 rock samples. The company’s systematic exploration strategy has proven effective, leading to further understanding of the region's mineralization potential.

Forte Minerals Corp. has announced a strategic asset blend with GlobeTrotters Resources Perú SAC, enhancing its portfolio of copper and gold projects in Peru. The company has appointed two notable advisors, Ricardo Labó and Peter Espig, who bring extensive experience in mineral economics and financial structuring, respectively. Labó has over 20 years of expertise in Peru and holds significant positions in the mining sector, while Espig has a strong background in private equity, having structured over $2 billion in transactions. This new advisory committee aims to provide strategic insights and financial guidance to support Forte's growth initiatives.

Forte Minerals Corp. (OTQB: FOMNF) is attending the Prospectors & Developers Association of Canada (PDAC) convention in Toronto from June 13-15, 2022. The company, a junior mining exploration firm, has a portfolio of high-quality copper and gold assets in Perú. CEO Patrick Elliott will discuss exploration plans at booth 2949. Forte's projects include both early-stage and drill-ready targets, aiming to maximize shareholder value through resource development. The company is well-positioned to benefit from rising copper prices.