Forte Minerals Corp. Closes Oversubscribed Private Placement Offering

Forte Minerals Corp. Closes Oversubscribed Private Placement Offering

 

"Not for distribution to United States newswire services or for dissemination in the United States."

 

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, 2027.

The 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 Corp.
office: (604) 983-8847
info@forteminerals.com  
www.forteminerals.com  

 

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  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.  

 

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

Forte Minerals Announces Private Placement of up to C$2.4 Million

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."

 

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.

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Forte Minerals Engages Trion Communications GmbH for European Investor Awareness

Forte Minerals Engages Trion Communications GmbH for European Investor Awareness

 

Forte Minerals Corp. ("Forte" or the "Company") ( CSE: CUAU ) ( OTCQB: FOMNF ) ( Frankfurt: 2OA ) is pleased to announce its engagement of Trion Communications GmbH ("Trion") to provide investor relations and communication services in the German-speaking markets effective April 1, 2025 in accordance with Canadian Securities Exchange ("CSE") policies.

 

Trion Communications GmbH will support Forte in enhancing visibility among investors in Germany, Austria, and Switzerland. Their role includes distributing company news, translating shareholder communications, coordinating editorial placements in German financial publications, and fielding investor inquiries via multiple channels.

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Forte Minerals Provides Update on Planned Drill Program at Pucarini High-Sulfidation Gold Project

Forte Minerals Provides Update on Planned Drill Program at Pucarini High-Sulfidation Gold Project

 

Forte Minerals Corp. ("Forte" or the "Company") ( CSE: CUAU ) ( OTCQB: FOMNF ) ( Frankfurt: 2OA ) is pleased to provide an update on its planned 1,500-metre diamond drill program at its 100%-owned Pucarini Gold Project ("Pucarini" or the "Project") located in the Southern Peru Miocene High-Sulfidation Epithermal Gold Belt. The program is set to commence towards the end of Q2 2025 with preparations currently underway.

 

 Figure 1 – High Sulphidation Epithermal Gold Targets from Gold Geochemistry and Surface Alteration Geology.

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Forte Minerals to Present at the Swiss Mining Institute Investment Conference

Forte Minerals to Present at the Swiss Mining Institute Investment Conference

 

Forte Minerals Corp. ("Forte" or the "Company") ( CSE: CUAU ) ( OTCQB: FOMNF ) ( Frankfurt: 2OA ) is pleased to announce that President and CEO Patrick Elliott will be attending and presenting for the first time at the prestigious Swiss Mining Institute ( SMI ) Investment Conference, taking place March 18-19, 2025, in Zurich, Switzerland.

 

SMI, organized by Bally Capital Advisors SA, is one of Europe's premier mining investment events, known for bringing together over 1,000 leading Asset Managers, Portfolio Managers, Fund Managers, and other professional investors from around the world. This exclusive, invite-only event highlights over 100 selected mining companies and offers unparalleled insights into the global resource sector.

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Forte Minerals Heads to PDAC 2025 Where Exploration Meets Opportunity

Forte Minerals Heads to PDAC 2025 Where Exploration Meets Opportunity

 

Forte Minerals Corp. ("Forte" or the "Company") ( CSE: CUAU ) ( OTQB: FOMNF ) ( Frankfurt: 2OA ) is excited to announce its participation in the annual Prospectors & Developers Association of Canada ( PDAC ) Convention, happening March 2-5, 2025, at the Metro Toronto Convention Centre.

 

Join the Forte team at Booth 2736 in the Investor Exchange Pavilion, where copper, gold, and 2025 exploration plans take center stage.

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Vertex Minerals Limited  Quarterly Activities Report

Vertex Minerals Limited Quarterly Activities Report

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX,OTC:VTXXF) (OTCMKTS:VTXXF), is pleased to provide a summary of its activities for the quarter ended 30 June 2025.

HIGHLIGHTS FOR QUARTER

- Commencement of operations at the Reward Gold Mine Gravity plant, with processing of low-grade stockpiled gold ore through the gravity gold plant undertaken throughout the quarter, producing saleable gold.

- During the quarter, Vertex remained focused on moving the business to be operationally ready for underground mining at the Reward gold mine.

- VTX remainsfirmly on track to deliver first underground high grade gold ore to the Gravity Gold plant in Q3 2025, with commissioning and underground mine readiness ramp-up activities progressing as planned.

- VTX's Technical Services team has identified a fully developed stope block to include in the mine production start-up.

o Stopes are suitable for airleg mining which will augment jumbo production.

o Stope blocks contain an Inferred Resource of 2,075 tonnes at 17.8 g/t Au and forms part of the 2023 Mineral Resource Estimate. With the lower block having over 700 tonnes at 42.5 g/t. The planned stope width is the same as the interpretation of the mineralisation

- Key management hires, with staff procurement complete for on-site field team:

o Appointment of Mr Vince Fayad and Mr Kurt Laney as Joint CFOs

o Appointment of Mr Ian Morgan as Company Secretary

o Specialist on-site technical services team now fully onboarded

- Firm commitments received to raise approximately A$11 million via a combination of share placement and convertible note issuance to institutional and sophisticated investors.

- Vertex registered office and principal place of business changed to the following address: 6 Bowen St, Hill End, NSW, 2850.

- Vertex will run the mine, drill equipment and the processing plant as an owner operator. Gold Underground Mining Readiness

- First phase of underground specialist miners onboarded under owner operator model

o TD1 Jumbo Drill fully operational and operating underground

o Primary ventilation installed

o First stope development dewatering completed

o Explosive Magazine constructed

o Water feed installed

o Air lines installed and operational -

o 11kva power installation underway

o Jumbo boxes on site

- Revised mine plan and schedule completed and ready to implement.

- Pulse Mining System installed and implemented.

- Underground Ore trialled through gravity plant

o The underground miners have trialled a batch of 90 ton of development material with some reef quartz through the gravity plant with throughput exceeding expectation and beyond the nameplate plant flow sheet value.

- INX Software Installed and Implemented

o INX Software and site access kiosks to go live at mine site in August.

o INX will improve safety framework with real time incident and injury reporting system.

o Strengthens site access controls for employees, contractors and visitors to site.

- Sand Stack facility fully operational

o Facility fully functioning with return water pump station installed and operational (water recycling)

o 57 Megalitre Turon River water licence purchased for back up water supply

- Environmental & Compliance Implementation

o Multiple real-time monitoring systems installed (dust, noise, vibration)

- Underground Drilling site being established

o Drill Cuddy (room for drill rig) drilled and fired for Vertex Diamond Rig readiness

Improvements to plant

- DSM screen installed

- Gemini table improvements with new top and gearbox

- Process water pump upgrade

- Treating of underground rock has shown higher plant throughput

Vertex Minerals Executive Chairman, Roger Jackson, commented:

"We are pleased to present our Activities Report for the June quarter - another busy period where our team worked seamlessly to coordinate the many moving parts involved in the redevelopment of the high-grade Reward mine and associated processing facilities. During the quarter, Vertex delivered on another round of key operational milestones for both mine optimisation and improvements to the processing plant. With the completion of these initiatives, Vertex is now positioned to execute on our stated objective to recommence underground mining in August, underpinning our transition to high-grade gold production."

"Reflecting investor confidence in our development strategy, we were also pleased to complete a successful $11m capital raise during the quarter, which leaves the Company well funded to finalise all pre-development works for mining and processing, and fully unlock the value of this asset. As we head into the September quarter, I'm thrilled to be working as part of a really strong team, all of whom are committed to the execution of our stated development strategy. We look forward to providing more updates in the coming months and mining and production gets underway."

*To view the full Quarterly Report, please visit:
https://abnnewswire.net/lnk/YA65USAA

 

About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX,OTC:VTXXF) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.

 

 

Source:
Vertex Minerals Limited

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Prismo Metals Announces Closing of Private Placement and Further Upsizing

Prismo Metals Announces Closing of Private Placement and Further Upsizing

 

(TheNewswire)

 
       
  Prismo Metals Inc. 
                
 

Vancouver, British Columbia, July 31st, 2025 TheNewswire - Prismo Metals Inc. (" Prismo " or the " Company ") (CSE: PRIZ,OTC:PMOMF) (OTCQB: PMOMF) is pleased to announce that further to its news releases dated July 3, 2025 and July 18, 2025, the Company has proceeded with an upsized second closing of its previously announced non-brokered private placement of units of the Company (" Units ") at an issue price of $0.05 per Unit (the "Private Placement" ). The second closing of the Private Placement was increased from 2,000,000 Units to the issuance of 2,340,000 Units for gross proceeds of $117,000. The Company previously announced a first closing of the Private Placement on July 18, 2025 for aggregate gross proceeds of $575,000. Due to strong investor demand, the Company has now raised aggregate gross proceeds of $692,000 through the sale of an aggregate of 13,840,000 Units.

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Group Eleven Closes C$5.75M Bought Deal Private Placement, Including Full Exercise of C$750,000 Underwriters' Option

Group Eleven Closes C$5.75M Bought Deal Private Placement, Including Full Exercise of C$750,000 Underwriters' Option

Group Eleven Resources Corp. (TSXV: ZNG,OTC:GRLVF) (OTCQB: GRLVF) (FSE: 3GE) (the "Company") is pleased to announce the closing of its previously-announced "bought deal" private placement for aggregate gross proceeds of C$5,750,000 (the "Offering") through the issuance of 17,968,750 common shares of the Company (the "Common Shares") at a price of C$0.32 per Common Share. The Offering was completed pursuant to an underwriting agreement between the Company, and Cormark Securities Inc. and Beacon Securities Limited (together, the "Underwriters") and included the full exercise of the Underwriters' option.

The Company intends to use the net proceeds from the Offering to expand the remaining funded exploration drill program at Ballywire from approximately 5,000m to approximately 25,000m, and for working capital and general corporate purposes.

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