(05-11-2025) Forte Minerals Corp. (CSE: CUAU; OTCQB: FOMNF; Frankfurt: 2OA), Vancouver, a precious metals exploration company focused on Peru, announced it has reached an agreement for an investment of CAN$5.7 million with a second strategic investor. This Second Strategic Investment was executed through a non-brokered private placement of 6,333,333 common shares at CAN$0.90 per share.
The company expects the investment to close no later than November 5, 2025, subject to regulatory approvals. The funds will be used to advance Forte’s portfolio of four exploration projects in Peru: Alto Ruri (Au), Pucarini (Au), Esperanza (Cu-Mo), and Miscanthus (Cu-Mo-Au). A portion of the funds will also be allocated to general working capital and corporate purposes.
According to the company, the addition of a second strategic investor within three months strengthens Forte’s long-term shareholder base and supports its mission to advance a 19,000-hectare portfolio of copper and gold assets in the country’s most prospective mineral belts.
“This is an alliance built on a shared vision to discover the next generation of deposits that will help consolidate Peru’s position as a global leader in copper and gold production,” said Patrick Elliot, President and CEO of the company.