Latest news with #PatrickElliott
Hamilton Spectator
23-07-2025
- Business
- Hamilton Spectator
Forte Minerals Closes C$5.7 Million Strategic Placement, Welcomes Long-Term Partner
'Not for distribution to United States newswire services or for dissemination in the United States.' VANCOUVER, British Columbia, July 23, 2025 (GLOBE NEWSWIRE) — Forte Minerals Corp. ('Forte' or the 'Company') ( CSE: CUAU ) ( OTCQB: FOMNF ) ( Frankfurt: 2OA ), is pleased to announce the closing of its previously announced non-brokered private placement (the 'Strategic Placement') with a strategic investor (the 'Investor'). The Investor has acquired 6,326,066 common shares at a price of C$0.90 per share, for gross proceeds of C$5.7 million. Following today's closing, the Investor holds 9.99 % of Forte's issued and outstanding shares on a non-diluted basis, establishing a meaningful, long-term position in the Company's copper-gold growth pipeline. Patrick Elliott, President & CEO, commented: 'Closing this placement is a pivotal milestone for Forte. The investor's conviction and long-term horizon validates our exploration thesis in Peru. With capital in hand and technical collaboration secured, we can accelerate exploration & drill permitting at Alto Ruri while unlocking value across our broader portfolio.' Use of Proceeds: Consistent with the terms announced on July 16, 2025, at least 80% of the proceeds will be directed toward exploration activities at Forte's flagship Alto Ruri high-sulfidation epithermal gold project in central Peru. Remaining funds will be allocated to general working capital and corporate purposes. Investor Rights Agreement Highlights: Concurrent with closing, Forte and the Investor entered into an Investor Rights Agreement whereby the Investor is entitled to certain rights, subject to the Investor maintaining certain ownership thresholds in the Company, including technical information sharing rights and the right to participate in future equity financings and top-up its holdings in relation to dilutive issuances in order to maintain its percentage ownership interest in the Company. The Investor has also agreed to voting support and standstill covenants. In addition, under the Investor Rights Agreement, the Investor and Forte will: A copy of the Investor Rights Agreement will be made available on SEDAR+ . All shares issued under the Strategic Placement are subject to a four-month plus one-day statutory hold period expiring November 24, 2025. ABOUT FORTE MINERALS CORP. Forte Minerals Corp. is an exploration company with a strong portfolio of high-quality copper (Cu) and gold (Au) assets in Peru. Through a strategic partnership with GlobeTrotters Resources Perú S.A.C. , the Company gains access to a rich pipeline of historically drilled, high-impact targets across premier Andean mineral belts. The Company is committed to responsible resource development that generates long-term value for shareholders, communities, and partners. On behalf of FORTE MINERALS CORP. (signed) ' Patrick Elliott' Patrick Elliott, MSc, MBA, PGeo President & Chief Executive Officer Forte Minerals Corp. For further information, please contact: Investor Inquiries Kevin Guichon, IR & Capital Markets E: kguichon@ C: (604) 612-9976 Media Contact Anna Dalaire, VP Corporate Development E: adalaire@ T: (604) 983-8847 info@ Follow Us On Social Media : LinkedIn | Instagram | X | Meta | The Drill Down; Newsletter Certain statements included in this press release constitute forward-looking information or statements (collectively, 'forward-looking statements'), including those identified by the expressions 'anticipate', 'believe', 'plan', 'estimate', 'expect', 'intend', 'may', 'should' and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward-looking statements relating to the intended use of proceeds of the Strategic Placement. These forward-looking statements and information reflect management's current beliefs and are based on assumptions made by and information currently available to the Company with respect to the matter described in this press release. Forward-looking statements involve risks and uncertainties, which are based on current expectations as of the date of this release and subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Additional information about these assumptions and risks and uncertainties is contained under 'Risk Factors and Uncertainties' in the Company's latest management's discussion and analysis, which is available under the Company's SEDAR+ profile at , and in other filings that the Company has made and may make with applicable securities authorities in the future. Forward-looking statements are not a guarantee of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Factors that could cause the actual results to differ materially from those in forward-looking statements include the continued availability of capital and financing, and general economic, market or business conditions. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that the statements will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. The Company assumes no responsibility to update or revise forward-looking information or statements to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company's forward-looking statements. Neither the Canadian Securities Exchange (the 'CSE') nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. A photo accompanying this announcement is available at
Yahoo
16-06-2025
- Business
- Yahoo
Forte Minerals Corp. Closes Oversubscribed Private Placement Offering
'Not for distribution to United States newswire services or for dissemination in the United States.' VANCOUVER, British Columbia, June 16, 2025 (GLOBE NEWSWIRE) -- Forte Minerals Corp. ('Forte' or the 'Company') (CSE: CUAU) (OTCQB: FOMNF) (Frankfurt: 2OA), a copper-gold exploration company focused on Peru, has successfully closed its oversubscribed non-brokered private placement, raising gross proceeds of C$2,690,000. A C$2.4 million financing was initially announced on May 23, 2025. It was met with high investor demand, resulting in the issuance of 6,725,000 units at a price of C$0.40 per unit, and within the right of increase reserved by the Company. Each unit consisted of one common share (a 'Share') and one-half of one common share purchase warrant (each whole warrant, a 'Warrant'). Each Warrant entitles the holder to purchase one additional Share at an exercise price of C$0.60 until June 13, Warrants are subject to an accelerated expiry if the Company's shares close at or above C$0.90 for 20 consecutive trading days, upon which the Company may issue a notice accelerating the term of the Warrants to a period of 30 days following such notice. All securities issued are subject to a statutory hold period expiring on December 14, 2025, in accordance with applicable Canadian securities laws. In connection with the Offering, the Company paid total cash finder's fees of C$97,120.00 and issued 231,550 finder's warrants, on the same terms as the Warrants, to certain eligible parties. Use of Proceeds: The net proceeds of the Offering will be used to advance exploration and corporate initiatives across Forte's portfolio, including: Pucarini: Inaugural five-hole drill program (1,750m), targeting a high-sulphidation gold system. Set to kick off in July of 2025. Esperanza: Magnetotelluric (MT) survey to refine drill targeting. Alto Ruri: DIA drill permitting, surface geophysics (IP & CSMAT), sampling, and community agreements. Working Capital Insider Participation: Certain directors and officers of the Company participated in the Offering, subscribing for a total of 50,000 Units. This participation is considered a "related party transaction" under Multilateral Instrument 61-101. The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements under sections 5.5(a) and 5.7(1)(b). President and CEO Patrick Elliott commented: 'We are proud to have closed this financing above our original target, which validates market interest in Forte's exploration strategy and our high-impact Peruvian copper-gold portfolio. We look forward to kicking off our summer drill program at Pucarini.' ABOUT FORTE MINERALS CORP. Forte Minerals Corp. is an exploration company with a strong portfolio of high-quality copper ('Cu') and gold ('Au') assets in Perú. Our strategic partnership with GlobeTrotters Resources Perú S.A.C. ('GTR') grants us access to a comprehensive project pipeline, enabling us to target the most promising opportunities. This collaboration focuses on historically discovered, drill-ready targets, driving significant value in Cu and Au resource development. On behalf of FORTE MINERALS CORP.(signed) 'Patrick Elliott' Chief Executive Officer For further information, please contact: Forte Minerals (604) 983-8847info@ : LinkedIn | Instagram | X | Meta | The Drill Down; Newsletter Certain statements included in this press release constitute forward-looking information or statements (collectively, 'forward-looking statements'), including those identified by the expressions 'anticipate', 'believe', 'plan', 'estimate', 'expect', 'intend', 'may', 'should' and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward looking statements. These forward-looking statements and information reflect management's current beliefs and are based on assumptions made by and information currently available to the company with respect to the matter described in this new release. Forward-looking statements involve risks and uncertainties, which are based on current expectations as of the date of this release and subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Additional information about these assumptions and risks and uncertainties is contained under "Risk Factors and Uncertainties" in the Company's latest management's discussion and analysis, which is available under the Company's SEDAR+ profile at and in other filings that the Company has made and may make with applicable securities authorities in the future. Forward-looking statements are not a guarantee of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Factors that could cause the actual results to differ materially from those in forward-looking statements include the continued availability of capital and financing, and general economic, market or business conditions. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that the statements will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company's forward-looking statements. Neither the Canadian Securities Exchange (the 'CSE') nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hamilton Spectator
23-05-2025
- Business
- Hamilton Spectator
Forte Minerals Announces Private Placement of up to C$2.4 Million
'Not for distribution to United States newswire services or for dissemination in the United States.' VANCOUVER, British Columbia, May 23, 2025 (GLOBE NEWSWIRE) — Forte Minerals Corp. ('Forte' or the 'Company') ( CSE: CUAU ) ( OTCQB: FOMNF ) ( Frankfurt: 2OA ), intends to complete a non-brokered private placement (the 'Offering') to raise up to C$2,400,000 for drilling and exploration programs on the Company's Peruvian projects and for general working capital, all as further outlined below. The Offering involves the sale of up to 6,000,000 units (each a 'Unit') at a price of $0.40 per Unit. Unit Terms: All securities issued will be subject to a statutory four-month-plus-one-day hold period in accordance with applicable Canadian securities laws. Additional restrictions may apply pursuant to the Securities Act of 1933, as amended, to U.S. investors, if any. Use of Proceeds: Finder's fees may be paid to eligible persons in connection with the Offering, subject to the policies of the CSE. The Company, at its discretion, reserves the right to increase the size of the Offering by up to $300,000.00 through the sale of 750,000 additional Units, for an aggregate Offering not exceeding $2,700,000. ' We appreciate our shareholders' continued confidence,' stated Patrick Elliott, President and CE O. 'This financing positions us to drill test a high sulphidation system that's never been drilled and to unlock the value of Alto Ruri, Esperanza and Miscanthus .' The Offering is expected to close on or before June 15, 2025, subject to customary conditions, including the receipt of all required regulatory approvals. ABOUT FORTE MINERALS CORP. Forte Minerals Corp. is an exploration company with a strong portfolio of high-quality copper ('Cu') and gold ('Au') assets in Perú. Our strategic partnership with GlobeTrotters Resources Perú S.A.C. ('GTR') grants us access to a comprehensive project pipeline, enabling us to target the most promising opportunities. This collaboration focuses on historically discovered, drill-ready targets, driving significant value in Cu and Au resource development. On behalf of FORTE MINERALS CORP. (signed) ' Patrick Elliott' Chief Executive Officer For further information, please contact: Forte Minerals Corp. office: (604) 983-8847 info@ m Certain statements included in this press release constitute forward-looking information or statements (collectively, 'forward-looking statements'), including those identified by the expressions 'anticipate', 'believe', 'plan', 'estimate', 'expect', 'intend', 'may', 'should' and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward looking statements. These forward-looking statements and information reflect management's current beliefs and are based on assumptions made by and information currently available to the company with respect to the matter described in this new release. Forward-looking statements involve risks and uncertainties, which are based on current expectations as of the date of this release and subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Additional information about these assumptions and risks and uncertainties is contained under 'Risk Factors and Uncertainties' in the Company's latest management's discussion and analysis, which is available under the Company's SEDAR+ profile at , and in other filings that the Company has made and may make with applicable securities authorities in the future. Forward-looking statements are not a guarantee of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Factors that could cause the actual results to differ materially from those in forward-looking statements include the continued availability of capital and financing, and general economic, market or business conditions. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that the statements will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company's forward-looking statements. Neither the Canadian Securities Exchange (the 'CSE') nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Yahoo
23-05-2025
- Business
- Yahoo
Forte Minerals Announces Private Placement of up to C$2.4 Million
'Not for distribution to United States newswire services or for dissemination in the United States.' VANCOUVER, British Columbia, May 23, 2025 (GLOBE NEWSWIRE) -- Forte Minerals Corp. ('Forte' or the 'Company') (CSE: CUAU) (OTCQB: FOMNF) (Frankfurt: 2OA), intends to complete a non-brokered private placement (the 'Offering') to raise up to C$2,400,000 for drilling and exploration programs on the Company's Peruvian projects and for general working capital, all as further outlined below. The Offering involves the sale of up to 6,000,000 units (each a 'Unit') at a price of $0.40 per Unit. Unit Terms: Each Unit: one common share and one-half of one common share purchase warrant Warrant: each whole warrant exercisable for one common share at C$0.60 until the date that is 24 months from the closing of the Offering, provided the warrants are subject to accelerated exercise such that if the closing price of the Company's common shares exceeds C$0.90 per share for a period of 20 consecutive trading days, the Company may give notice of the acceleration of the warrants' term to a period of 30 days following such notice. All securities issued will be subject to a statutory four-month-plus-one-day hold period in accordance with applicable Canadian securities laws. Additional restrictions may apply pursuant to the Securities Act of 1933, as amended, to U.S. investors, if any. Use of Proceeds: Pucarini: Inaugural five-hole drill program for total of 1750m scheduled to start this July 2025. Esperanza: MT Survey Alto Ruri: DIA Drill Permitting and Community Agreements, surface exploration work including follow-up alteration and geological mapping, geochemical sampling, spectral analysis, IP and CSMAT. General working capital Finder's fees may be paid to eligible persons in connection with the Offering, subject to the policies of the CSE. The Company, at its discretion, reserves the right to increase the size of the Offering by up to $300,000.00 through the sale of 750,000 additional Units, for an aggregate Offering not exceeding $2,700,000. 'We appreciate our shareholders' continued confidence,' stated Patrick Elliott, President and CEO. 'This financing positions us to drill test a high sulphidation system that's never been drilled and to unlock the value of Alto Ruri, Esperanza and Miscanthus .' The Offering is expected to close on or before June 15, 2025, subject to customary conditions, including the receipt of all required regulatory approvals. ABOUT FORTE MINERALS CORP. Forte Minerals Corp. is an exploration company with a strong portfolio of high-quality copper ('Cu') and gold ('Au') assets in Perú. Our strategic partnership with GlobeTrotters Resources Perú S.A.C. ('GTR') grants us access to a comprehensive project pipeline, enabling us to target the most promising opportunities. This collaboration focuses on historically discovered, drill-ready targets, driving significant value in Cu and Au resource development. On behalf of FORTE MINERALS CORP.(signed) 'Patrick Elliott' Chief Executive Officer For further information, please contact: Forte Minerals (604) 983-8847info@ Certain statements included in this press release constitute forward-looking information or statements (collectively, 'forward-looking statements'), including those identified by the expressions 'anticipate', 'believe', 'plan', 'estimate', 'expect', 'intend', 'may', 'should' and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward looking statements. These forward-looking statements and information reflect management's current beliefs and are based on assumptions made by and information currently available to the company with respect to the matter described in this new release. Forward-looking statements involve risks and uncertainties, which are based on current expectations as of the date of this release and subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Additional information about these assumptions and risks and uncertainties is contained under "Risk Factors and Uncertainties" in the Company's latest management's discussion and analysis, which is available under the Company's SEDAR+ profile at and in other filings that the Company has made and may make with applicable securities authorities in the future. Forward-looking statements are not a guarantee of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Factors that could cause the actual results to differ materially from those in forward-looking statements include the continued availability of capital and financing, and general economic, market or business conditions. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that the statements will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company's forward-looking statements. Neither the Canadian Securities Exchange (the 'CSE') nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-05-2025
- Business
- Yahoo
Forte Minerals Grants Incentive Stock Options
VANCOUVER, BC / / May 16, 2025 / Forte Minerals Corp. ("Forte" or the "Company") (CSE:CUAU)(OTCQB:FOMNF)(Frankfurt:2OA), is pleased to announce that, pursuant to its existing stock option plan, it has granted an aggregate of 225,000 stock options ("Options") to certain directors, officers, and consultants of the Company. The Options are exercisable for a period of five years from the date of grant at a price of $0.475 per share. All Options issued are subject to a four-month and one-day hold period, in compliance with the policies of the CSE. ABOUT FORTE MINERALS CORP. Forte Minerals Corp. is an exploration company with a strong portfolio of high-quality copper ("Cu") and gold ("Au") assets in Perú. Our strategic partnership with GlobeTrotters Resources Perú S.A.C. ("GTR") grants us access to a comprehensive project pipeline, enabling us to target the most promising opportunities. This collaboration focuses on historically discovered, drill-ready targets, driving significant value in Cu and Au resource development. On behalf of FORTE MINERALS CORP. (signed) "Patrick Elliott"Chief Executive Officer For further information, please contact: Forte Minerals (604) 983-8847info@ Certain statements included in this press release constitute forward-looking information or statements (collectively, "forward-looking statements"), including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", "may", "should" and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward looking statements. These forward-looking statements and information reflect management's current beliefs and are based on assumptions made by and information currently available to the company with respect to the matter described in this new release. Forward-looking statements involve risks and uncertainties, which are based on current expectations as of the date of this release and subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Additional information about these assumptions and risks and uncertainties is contained under "Risk Factors and Uncertainties" in the Company's latest management's discussion and analysis, which is available under the Company's SEDAR+ profile at and in other filings that the Company has made and may make with applicable securities authorities in the future. Forward-looking statements are not a guarantee of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Factors that could cause the actual results to differ materially from those in forward-looking statements include the continued availability of capital and financing, and general economic, market or business conditions. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that the statements will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company's forward-looking statements. Neither the Canadian Securities Exchange (the "CSE") nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. SOURCE: Forte Minerals Corp View the original press release on ACCESS Newswire Sign in to access your portfolio
