Fuerte Metals Announces CFO Retirement
Rhea-AI Summary
Fuerte Metals (OTCQB: FUEMF) announced the retirement of Chief Financial Officer Martin Rip, effective September 30th, 2025. The company has appointed John Teo, current Vice President of Finance, as Interim CFO while the search for a permanent replacement continues.
Mr. Teo, who joined Fuerte's finance team in early 2024, will oversee the transition. Mr. Rip will remain with the company in an advisory capacity. The outgoing CFO was notably involved in the due diligence and planning of the company's recent Coffee Gold Project acquisition from Newmont.
Positive
- Smooth leadership transition with experienced internal candidate John Teo as Interim CFO
- Retiring CFO will continue as advisor, ensuring continuity
- Process for permanent CFO replacement already underway
Negative
- Loss of key executive who was instrumental in recent Coffee Gold Project acquisition
- Potential disruption during transition period until permanent CFO is appointed
News Market Reaction
On the day this news was published, FUEMF gained 109.79%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - September 29, 2025) - Fuerte Metals Corporation (TSXV: FMT) (OTCQB: FUEMF) ("Fuerte" or the "Company") today announced that Chief Financial Officer Martin Rip is retiring effective September 30th, 2025. Mr. John Teo, Fuerte's Vice President of Finance, has been appointed Interim CFO. Mr. Teo is an experienced finance professional and has been an integral part of the Company's finance team since early 2024.
The process to identify a permanent CFO has been underway for some time, and the Company expects to make an announcement in the coming weeks. Mr. Rip will continue to act as an advisor to the Company going forward.
Tim Warman, CEO of Fuerte Metals, stated: "Martin has been an integral part of the management team at Fuerte and played a key role in the due diligence and planning for the recently announced acquisition of the Coffee Gold Project from Newmont. On behalf of the entire team at Fuerte, we wish Martin all the best in his retirement."
About Fuerte Metals Corporation
Fuerte Metals is a Vancouver-based exploration and development company focused on advancing high-potential base and precious metals projects across the Americas. Our flagship asset will be the
Additional Information
For more information, please contact:
Tim Warman
Chief Executive Officer and Director
Fuerte Metals Corporation
Email: info@fuertemetals.com
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.
In this news release, forward-looking statements relate to, among other things, the anticipated completion of the transaction and management's objectives, strategies, beliefs and intentions. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Company. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Due to the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward- looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in 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/268478
FAQ
When is Fuerte Metals (FUEMF) CFO Martin Rip retiring?
Who is the interim CFO of Fuerte Metals (FUEMF)?
Will Martin Rip continue to work with Fuerte Metals after retirement?
What major project was CFO Martin Rip involved in before retirement?
When will Fuerte Metals announce a permanent CFO replacement?
