FORTE MINERALS CORP Stock Price, News & Analysis

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.