Forte Minerals (CSE: CUAU)

Forte Minerals Corp. Announces Shares for Debt Agreement

Forte Minerals Corp. ("Forte" or the "Company") (CSE: CUAU) (OTCQB: FOMNF) (Frankfurt: 2OA), announces that it has agreed to settle an aggregate of $56,600 of indebtedness through the issuance of 283,000 common shares ("Common Shares") in the capital of the Company at a price of $0.20 per Common Share (the "Debt Settlement"). This settlement includes $34,000 owed to officers and directors of the Company and $22,600 owed to an arm's length party.

The Common Shares issued pursuant to the Debt Settlement will be subject to a hold period of four months and one day from the date of issuance, under applicable securities laws in Canada.

Closing of the Debt Settlement is anticipated to take place on or about July 9, 2024 and remains subject to receipt of all necessary corporate and regulatory approvals, including the Canadian Securities Exchange.

ABOUT FORTE MINERALS CORP.

Forte Minerals Corp., a junior exploration company that has blended assets in partnership with GlobeTrotters Resources Peru S.A.C., has built a robust portfolio of high-quality Cu and Au assets in Peru. The Company aims to generate significant value growth by strategically positioning permitted and drill-ready projects alongside historically discovered copper and gold projects. Notwithstanding its resource discovery and development focus, Forte is deeply committed to community engagement, environmental stewardship, and fulfilling its societal responsibilities.

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@forteminerals.com www.forteminerals.com

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 www.sedarplus.ca, 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

Click here to connect with Forte Minerals Corp. (CSE: CUAU) (OTCQB: FOMNF) (Frankfurt: 2OA), to receive an Investor Presentation

CUAU:CC
Forte Minerals

Forte Minerals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Forte Minerals (CSE: CUAU)

Forte Minerals

Developing a portfolio of high-quality copper and gold assets in Peru

Developing a portfolio of high-quality copper and gold assets in Peru Keep Reading...
Three copper bars.

ASX Copper Mining Stocks: 5 Biggest Companies in 2026

Copper prices have been volatile throughout 2025 and into 2026, fueled by economic uncertainty from an ever-changing US trade policy and strong supply and demand fundamentals. The International Copper Study Group, the leading copper market watcher, reported an apparent refined copper surplus of... Keep Reading...
Copper bars with weight stamps, stock market chart background.

What Was the Highest Price for Copper?

Strong demand in the face of looming supply shortages has pushed copper to new heights in recent years.With a wide range of applications in nearly every sector, copper is by far the most industrious of the base metals. In fact, for decades, the copper price has been a key indicator of global... Keep Reading...
Stock market chart showing a downward trend with candlestick patterns.

Northern Dynasty Shares Plunge as DOJ Backs EPA Veto of Alaska’s Pebble Mine

Northern Dynasty Minerals (TSX:NDM,NYSEAMERICAN:NAK) shares plunged on Wednesday (February 18) after the US Department of Justice (DOJ) filed a court brief backing the Environmental Protection Agency’s (EPA) January 2023 veto of the company’s long-contested Pebble project in Alaska.The brief... Keep Reading...
Calculator and pencil on papers with graphs and charts.

BHP Reports Strong Half-Year Copper Results, Boosts Guidance for 2026

BHP (ASX:BHP,NYSE:BHP,LSE:BHP) has published its financial results for the half-year ended December 31, 2025.The mining giant said its copper operations, which span multiple continents, accounted for the largest share of its overall earnings for the first time, coming in at 51 percent of... Keep Reading...
Nine Mile Metals Announces Certified Assays from DDH-WD-25-02 of 2.78% CUEQ over 32.10 METERS, Including 4.78% CUEQ over 11.52 Meters and 5.64% CUEQ over 6.02 Meters

Nine Mile Metals Announces Certified Assays from DDH-WD-25-02 of 2.78% CUEQ over 32.10 METERS, Including 4.78% CUEQ over 11.52 Meters and 5.64% CUEQ over 6.02 Meters

Nine Mile Metals LTD. (CSE: NINE,OTC:VMSXF) (OTC Pink: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile") is pleased to announce it has received certified assays for drill hole WD-25-02 at the Wedge Mine situated in the renowned Bathurst Mining Camp, New Brunswick (BMC). WD-25-02 HIGHLIGHTS: DDH... Keep Reading...
Nine Mile Metals Announces Certified Assays from DDH-WD-25-02 of 2.78% CUEQ over 32.10 METERS, Including 4.78% CUEQ over 11.52 Meters and 5.64% CUEQ over 6.02 Meters

Nine Mile Metals Announces Certified Assays from DDH-WD-25-02 of 2.78% CUEQ over 32.10 METERS, Including 4.78% CUEQ over 11.52 Meters and 5.64% CUEQ over 6.02 Meters

Nine Mile Metals LTD. (CSE: NINE,OTC:VMSXF) (OTC Pink: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile") is pleased to announce it has received certified assays for drill hole WD-25-02 at the Wedge Mine situated in the renowned Bathurst Mining Camp, New Brunswick (BMC). WD-25-02 HIGHLIGHTS: DDH... Keep Reading...
Forte Minerals

Forte Minerals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Interactive Chart

Latest Press Releases

Related News