21:33:34 EDT Mon 29 Jun 2026
Enter Symbol
or Name
USA
CA



Forte Minerals Corp
Symbol CUAU
Shares Issued 73,447,878
Close 2026-06-29 C$ 1.15
Market Cap C$ 84,465,060
Recent Sedar+ Documents

Forte Minerals receives $1.47M from warrant exercise

2026-06-29 17:35 ET - News Release

Mr. Patrick Elliott reports

FORTE MINERALS ANCHORS CAPITAL STRUCTURE WITH C$1.47M TREASURY INFLUX; HIGHLIGHTS TIGHT SHARE STRUCTURE AND STRATEGIC OWNERSHIP BASE

Forte Minerals Corp. has received aggregate gross proceeds of $1,473,054 through the exercise of 4,910,180 common share purchase warrants at an exercise price of 30 cents per share. The warrants were originally issued in connection with the company's 2024 financing and expired on June 26, 2026. The full exercise of these reflects continued support from Forte's shareholder base. The company intends to use the net proceeds from these exercises to aggressively advance exploration and permitting activities across its portfolio of copper and gold projects in Peru and for general working capital purposes.

Patrick Elliott, president and chief executive officer of Forte Minerals, commented: "The full exercise of these warrants reflects strong, continuing alignment with our shareholder base and provides Forte with a significant injection of cash. This milestone simultaneously strengthens our treasury and streamlines our capital structure into a much cleaner, single-tier profile at 60 cents. With multiple exploration catalysts ahead in Peru, this capital ensures we are fully funded to aggressively advance our high-priority copper and gold projects."

Capital structure update

The company's remaining warrant profile is consolidated into a single tier consisting of 3,430,550 warrants (comprising 3,212,550 standard warrants and 218,050 broker warrants), each exercisable at 60 cents per share with an expiry date of June 13, 2027.

While this exercise transitions the previous warrant tier into common shares, Forte's capital structure remains exceptionally tight and highly concentrated among long-term stakeholders. The majority of Forte's total shares outstanding is held by strategic investors, partners, insiders and institutional holders, leaving a tightly restricted public float of 24 per cent.

The shareholder distribution is structured as follows, with percentages shown on an approximate and rounded basis:

  • Management and insiders: encompassing 20 per cent of the company, ensuring absolute alignment with retail shareholders;
  • Strategic partners: anchored by two core strategic investors holding nearly 17-per-cent total and its strategic exploration partner, Globetrotter Resource Group, at 8 per cent;
  • Institutional and long-term investors: institutional backers account for approximately 6 per cent, alongside a committed, non-retail baseline of long-term investors representing 25 per cent of the structure.

About Forte Minerals Corp.

Forte Minerals is a well-financed exploration company with a strong portfolio of high-quality copper and gold assets in Peru. Through a strategic partnership with GlobeTrotters Resources Peru SAC, 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. Backed by two recent strategic investors and a strengthened balance sheet, Forte is well positioned to execute its 2026 exploration goals at the Alto Ruri high-sulphidation gold target and the Esperanza copper-molybdenum project.

We seek Safe Harbor.

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