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Fuerte Metals Vends El Cofre Project in Chile to Chilean Cobalt Corporation
Vancouver, British Columbia--(Newsfile Corp. - September 12, 2025) - Fuerte Metals Corporation (T...
About this update from Fuerte Metals Corporation
[{"type":"text","content":"Fuerte Metals Vends El Cofre Project in Chile to Chilean Cobalt CorporationVancouver, British Columbia--(Newsfile Corp. - September 12, 2025) - Fuerte Metals Corporation (TSXV: FMT) (OTCQB: FUEMF) (\"Fuerte\" or the \"Company\") is please to announce that it has entered into a definitive agreement (the \"Agreement\") to sell its 100% owned El Cofre project in Chile to Chilean Cobalt Corp. (\"Chilean Cobalt\"). Under the terms of the Agreement, Cobalt Chile SpA, a wholly owned subsidiary of Fuerte Metals, will transfer 100% ownership of the mining concessions to Baltum Minería SpA, a wholly owned subsidiary of Chilean Cobalt. In exchange, Cobalt Chile SpA will receive 4.5 million common shares of Chilean Cobalt, for total consideration of US$1,890,000, as well as reimbursement for the most recent concession payments.Closing is expected to occur on or about November 11, 2025 subject to all necessary regulatory approvals and customary closing conditions being satisfied.Fuerte will continue to focus on its primary project in Chile, the Placeton/Caballo Muerto project, which hosts several untested porphyry copper targets situated between the large-scale Relincho and El Morro/La Fortuna copper-gold deposits of the Nueva Union joint venture between Teck and Newmont Mining.About Fuerte Metals CorporationFuerte Metals is a well-funded resource company, adding value through the acquisition, exploration, and development of copper and precious metals projects in the Americas. The company is advancing its Cristina precious metals project in Chihuahua Mexico, with the goal of significantly expanding the existing mineral resource estimate with a focus on underground mining. In Chile, the Placeton/Caballo Muerto project hosts several untested porphyry copper targets situated between the large-scale Relincho and El Morro/La Fortuna copper-gold deposits of the Nueva Union joint venture between Teck and Newmont Mining.Additional InformationFor more information, please contact:Tim WarmanChief Executive Officer and Director Fuerte Metals Corporation Email: [email protected] Note Regarding Forward-Looking StatementsThis news release contains \"forward-looking information\" and \"forward-looking statements\" (collectively, \"forward-looking statements\") within the meaning of the applicable Canadian securities legislation. All state...