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Fuerte Completes C$17.25 Million Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - December 18, 2025) - Fuerte Metals Corporation (TS...
About this update from Fuerte Metals Corporation
[{"type":"text","content":"Fuerte Completes C$17.25 Million Brokered Private PlacementVancouver, British Columbia--(Newsfile Corp. - December 18, 2025) - Fuerte Metals Corporation (TSXV: FMT) (OTCQB: FUEMF) (\"Fuerte\" or the \"Company\") is pleased to announce that it has closed its previously announced brokered private placement for aggregate gross proceeds of C$17,249,933 (the \"Offering\"). The Offering was comprised of:(i) 1,380,950 flow-through common shares of the Company (the \"FT Shares\"), each of which will qualify as a \"flow-through share\" (within the meaning of the Income Tax Act (Canada) (the \"Tax Act\")) at a price of C$5.25 per FT Share for aggregate gross proceeds of C$7,249,988 (inclusive of the exercise, in full, of the Agents' option to increase the size of the Offering for up to an additional 428,570 FT Shares at a price of C$5.25 per FT Share); and (ii) 1,655,620 special flow-through common shares of the Company (the \"Special FT Shares\"), each of which will qualify as a \"flow-through share\" (within the meaning of the Tax Act) at a price of C$6.04 per Special FT Share for aggregate gross proceeds of C$9,999,945.The FT Shares and the Special FT Shares are collectively referred to as the Offered Securities. The Offered Securities are subject to a statutory hold period in Canada, expiring on April 19, 2026.The Offering was led by Stifel Nicolaus Canada Inc. and BMO Capital Markets, as co-lead agents and joint bookrunners, on their own behalf and on behalf of a syndicate of agents including National Bank Financial Inc., Desjardins Capital Markets and Ventum Financial Corp. (collectively, the \"Agents\").In consideration for their services rendered in connection with the Offering, the Agents were paid a cash commission equal to 5% of the gross proceeds of the Offering (reduced to 2% of the gross proceeds from sales to purchasers on the president's list).The Company will use an amount equal to the gross proceeds received by the Company from the sale of the Offered Securities, pursuant to the provisions in the Tax Act, to incur eligible \"Canadian exploration expenses\" as defined in s. 66.1(6) of the Tax Act that qualify as \"flow-through mining expenditures\" as defined in subsection 127(9) of the Tax Act (the \"Qualifying Expenditures\") related to the Company's Coffee Gold Project, on or before December 31, 2026 (or such other per...