Fuerte Welcomes Chris Beer, Dawson Proudfoot and Sandip Rana to Its Board of Directors
Fuerte Welcomes Chris Beer, Dawson
Proudfoot and Sandip Rana to Its Board of
Directors
Vancouver, British Columbia--(Newsfile Corp. - November 12, 2025) - Fuerte Metals Corporation
(TSXV: FMT) (OTCQB: FUEMF) ("
Fuerte
" or the "
Company
") is pleased to announce several key
additions to its Board of Directors as the Company begins work on its newly-acquired, 100% owned
Coffee Gold project ("
Coffee
") in the Yukon, Canada. Chris Beer, Dawson Proudfoot, and Sandip Rana
have been appointed to the board effective immediately, with Mr. Beer taking over the role of Board
Chair from Scott Hicks.
Tim Warman, President and CEO of Fuerte, commented, "I'm extremely pleased to welcome these three
outstanding directors to Fuerte Metals as we begin advancing the Coffee Gold project toward
production. Their addition brings unparalleled experience across mining capital markets, finance, and
safety-focused mine construction and operations. I look forward to their input and guidance as we
complete permitting and update the feasibility study in preparation for a construction decision in 2027."
Chris Beer commented: "I am honoured to join Fuerte Metals as Chair during this pivotal phase for the
Coffee Project, one of Canada's most compelling emerging gold projects. The Yukon has the potential to
become one of Canada's next great mining jurisdictions, built on partnerships with First Nations,
responsible development, disciplined capital allocation and transparent governance. I look forward to
working with Tim, the Board, and our community and First Nation partners as we advance Coffee
through permitting toward a construction decision."
Chris Beer
Mr. Beer brings over 35 years of experience in mining finance, capital markets, and resource investing,
including 24 years as Managing Director & Senior Portfolio Manager at RBC Global Asset
Management, where he led award-winning global portfolios in precious metals, natural resources,
energy, and clean energy. Mr. Beer began his career as an exploration geologist with Noranda
Exploration and later spent seven years as a mining analyst at leading Canadian banks.
Mr. Beer also serves as an independent director of ATEX Resources Inc. and Metalla Royalty &
Streaming Ltd. He holds the CFA designation, an MBA from the University of Toronto's Rotman School
of Management, and a Bachelor of Science in Geology from Memorial University of Newfoundland.
Dawson Proudfoot
Dawson Proudfoot is a highly experienced mining engineer and operator with more than 30 years of
experience in mine development, construction, and operations. He served as Vice-President of
Engineering at Torex Gold from its founding in 2010 through 2019, where he helped lead the
development of the Morelos Project. Prior to Torex, Mr. Proudfoot held progressively senior engineering
and operational roles at Falconbridge's Sudbury operations, including Engineering Superintendent for all
Sudbury nickel operations. Mr. Proudfoot holds a B.Sc. in Mining Engineering from Queen's University.
Sandip Rana
Sandip Rana is the Chief Financial Officer of Franco-Nevada, the world's leading gold-focused royalty
and streaming company, where he has overseen financial strategy, capital allocation, and balance sheet
management since 2010. Prior to Franco-Nevada, Mr. Rana held senior finance roles at Newmont and
Four Seasons Hotels Limited. He holds a Bachelor of Business Administration from the Schulich School
of Business and is a Chartered Professional Accountant (CPA, CA). In 2019, Mr. Rana was recognized
as a Top Gun CFO by Brendan Wood International.
Updated Board Composition
In conjunction with these new board appointments, Colinda Parent and Charlie Ronkos will be stepping
down from the board, with Mr. Ronkos continuing with the senior leadership team in his role as Executive
Vice-President of Exploration. The Board and Management of Fuerte are grateful to Mr. Ronkos and Ms.
Parent for their commitment and guidance to the Company during their tenure and to Ms. Parent as
Chair of the Audit Committee and member of the Governance Committee. Following these changes, the
board will consist of Chris Beer (Chair), Shannon McCrae, Scott Hicks, Dawson Proudfoot, Sandip
Rana, and Tim Warman.
Corporate Secretary
The Company has also appointed Amber Schaefer as Corporate Secretary. Amber has over 25 years of
experience in legal administration.
She has been providing corporate secretarial, governance and
securities compliance services to numerous public companies over the last 25 years.
Prior to joining
Fuerte Metals Corporation, she was Corporate Secretary for RIWI Corp., Lumina Copper and Anfield
Nickel. She also held the position of Manager, Legal Affairs at Pan American Silver.
Amber holds a
Paralegal Diploma from Capilano University.
Equity Awards
In connection with the appointments and the completion of the Coffee Gold transaction and concurrent
$57.5 million financing, the Company has granted 6,975,000 incentive stock options and 2,600,000
bonus shares to certain officers, employees and directors of the Company. Pursuant to the Company's
Long Term Incentive Plan, the incentive stock options are exercisable at a price of $3.49 each for a
period of five years and are subject to vesting provisions. The bonus shares are issuable in three equal
tranches upon the achievement of certain share price thresholds particular to each tranche.
The Coffee Gold Project
Coffee hosts 3.0 million ounces of open-pit heap-leach Measured and Indicated resource and an
Inferred Resource of 0.8 million ounces. Coffee is located approximately 130 km south of Dawson in
Canada's Yukon Territory. The project is on a clear path to complete permitting and has strong financial
and technical partners who have the vision to advance the project to safety-focused production and build
the next great Canadian gold producer. We respectfully acknowledge that protection of the water and
lands around the Coffee Creek and mine project areas is of high importance to First Nations. Through
cooperation, transparency, and respect, we pledge to continue to build on relationships with Tr'ondëk
Hwëch'in, White River First Nation, Selkirk First Nation, and the First Nation of Na-Cho Nyäk Dun on
whose Traditional Territories exploration and mining activities will be carried out.
Details of the Coffee Gold Project can be found in the Company's press release of September 15, 2025,
and in the technical report titled "NI 43-101 Technical Report for the 2025 Mineral Resource Estimate
Update on the Coffee Gold Project, Yukon, Canada" with an effective date of August 21, 2025 and
prepared by Messrs. Alan J. San Martin, P.Eng and Charley Murahwi, P.Geo from Micon International
Limited (the "
Coffee Technical Report
"). The Coffee Technical Report is available on the Company's
website at
www.fuertemetals.com
and on SEDAR+ at
www.sedarplus.ca
.
About Fuerte Metals Corporation
Fuerte Metals is a Canadian exploration and development company focused on advancing high-
potential base and precious metals projects across the Americas. Our flagship asset is the 100%-
owned Coffee Project in the Yukon, Canada — a high-quality gold project advancing through the final
stages of permitting, engineering, and resource expansion drilling in preparation for a construction
decision. In addition to Coffee, Fuerte holds a portfolio of copper and gold assets, including the Placeton
—Caballo Muerto Project in Chile and the Cristina and Yecora Projects in Mexico, offering additional
growth and exploration upside. At Fuerte, we are committed to building value through disciplined project
development, responsible stewardship of the land, a safety-focused culture, and creating long-term
returns for shareholders.
Additional Information
For more information, please contact:
Tim Warman, Chief Executive Officer and Director
Fuerte Metals Corporation
Email:
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking information" and "forward-looking statements"
(collectively, "forward-looking statements") within the meaning of the applicable Canadian securities
legislation. All statements, other than statements of historical fact, are forward-looking statements and
are based on expectations, estimates and projections as at the date of this news release. Any
statement that involves discussions with respect to predictions, expectations, beliefs, plans,
projections, objectives, assumptions, future events or performance (often but not always using
phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate",
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words and phrases or stating that certain actions, events or results "may" or "could", "would", "might"
or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-
looking statements. Forward-looking statements include, but are not limited to, statements with respect
to: management additions; equity awards; information relating to the business of the Company
including exploration and development activities and managements' objectives, strategies, beliefs
and intentions.
Forward-looking statements are necessarily based upon estimates and assumptions that, while
considered reasonable, are subject to known and unknown risks, uncertainties and other factors which
may cause the actual results and future events to differ materially from those expressed or implied by
such forward-looking statements. Such factors include, but are not limited to: fluctuations in general
macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices
of gold, silver, base metals or certain other commodities; fluctuations in currency markets; change in
national and local government, legislation, taxation, controls, regulations and political or economic
developments; risks and hazards associated with the business of mineral exploration, development
and mining (including environmental hazards, industrial accidents, unusual or unexpected formations
pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards;
the presence of laws and regulations that may impose restrictions on mining; employee relations;
relationships with and claims by local communities and indigenous populations; availability of and
increasing costs associated with mining inputs and labour; the speculative nature of mineral
exploration and development (including the risks of obtaining necessary licenses, permits and
approvals from government authorities); and title to properties.
There can be no assurance that such statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such statements. Accordingly, readers should
not place undue reliance on forward-looking statements. The Company disclaims any intention or
obligation to update or revise any forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/274135