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Forte Minerals Anchors Capital Structure with C$1.47M Treasury Influx; Highlights Tight Share Structure and Strategic Ownership Base
VANCOUVER, British Columbia, June 29, 2026 (GLOBE NEWSWIRE) -- Forte Minerals Corp. (“Forte” or the “Company”) (CSE: CUAU) (OTCQX: FOMNF) (Frankfurt: 2OA) is pleased to announce that it has received aggregate gross proceeds of C$1,473,054.00 through the exercise of 4,910,180 common share purchase warrants (the "Warrants") at an exercise price of C$0.30 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
About this update from Forte Minerals Corp.
VANCOUVER, British Columbia, June 29, 2026 (GLOBE NEWSWIRE) -- Forte Minerals Corp. ("Forte" or the "Company") (CSE: CUAU) (OTCQX: FOMNF) (Frankfurt: 2OA) is pleased to announce that it has received aggregate gross proceeds of C$1,473,054.00 through the exercise of 4,910,180 common share purchase warrants (the "Warrants") at an exercise price of C$0.30 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 C$0.60. 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 now 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 C$0.60 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 are held by strategic investors, partners, insiders, and institutional holders, leaving a tightly restricted public float of 24%. The shareholder distribution is structured as follows, with percentages shown on an approximate and rounded basis:
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