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Fuerte Announces Transformational Acquisition of the Coffee Project from Newmont Corporation
Addition of an Advanced Canadian Gold Project with Substantial Upside New Robust M&I Resou...
About this update from Fuerte Metals Corporation
[{"type":"text","content":"Fuerte Announces Transformational Acquisition of the Coffee Project from Newmont CorporationAddition of an Advanced Canadian Gold Project with Substantial UpsideNew Robust M&I Resource of 3.0 Million Ounces within 80 Mt at 1.15 g/t gold and Inferred Resource of 0.8 Million Ounces within 21 Mt at 1.17 g/t gold (using 0.18 g/t cut-off)High Grade Sensitivity Case shows 2.8 Million Ounces of M&I within 60 Mt at 1.44 g/t gold and 0.8 Million Ounces of Inferred within 17 Mt at 1.42 g/t gold (using 0.40 g/t cut-off)Concurrent Equity Financing of up to C$50 million Backstopped by Key Shareholders of FuerteVancouver, British Columbia--(Newsfile Corp. - September 15, 2025) - Fuerte Metals Corporation (TSXV: FMT) (OTCQB: FUEMF) (\"Fuerte\" or the \"Company\") is pleased to announce that it has entered into a definitive agreement (the \"Agreement\") to acquire the Coffee Gold Project (\"Coffee\") in Canada's Yukon Territory from Newmont Corporation (\"Newmont\") for upfront consideration of US$10 million in cash and US$40 million in common and preferred shares (22,729,126 common shares and 10,842,989 preferred shares of Fuerte) (the \"Transaction\"). In addition, Fuerte will grant Newmont a 3% NSR on Coffee, which can be repurchased for US$100 million at anytime up to one year after announcing commercial production. The total consideration for the acquisition is up to US$150 million.Key Transaction HighlightsEstablished gold project located in Yukon, Canada: The Yukon is an emerging mining jurisdiction in Canada underpinned by exceptional geology, improving infrastructure, and strong government and First Nations support.Coffee is one of the largest and highest-grade heap leach projects in the world: 3.0 million ounces of Measured and Indicated resource within 80 Mt at 1.15 g/t gold (0.18 g/t cut-off). At a higher 0.40 g/t cut-off, Coffee has approximately 2.8 million ounces of Measured and Indicated resource within 60 Mt at 1.44 g/t gold.Engineering and permitting well advanced: Coffee has been extensively de-risked by both Goldcorp and Newmont through significant drilling and engineering, in most cases to feasibility study level. In addition, Coffee received a positive Yukon Environmental and Socio-economic Assessment Act (\"YESAA\") decision in 2022.Clear path to production: Fuerte is targeting completion of a preliminary economic...