Fuerte Metals Vends El Cofre Project in Chile to Chilean Cobalt Corporation
Fuerte Metals Vends El Cofre Project in Chile
to Chilean Cobalt Corporation
Vancouver, 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 Corporation
Fuerte 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 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",
"plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such
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.
In this news release, forward-looking statements relate to, among other things, the anticipated
completion of the transaction and management's objectives, strategies, beliefs and intentions.
Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or
projections set out in forward-looking information. Those assumptions and factors are based on
information currently available to the Company. The forward-looking information contained in this
release is made as of the date hereof and the Company is not obligated to update or revise any
forward-looking information, whether as a result of new information, future events or otherwise, except
as required by applicable securities laws. Due to the risks, uncertainties and assumptions contained
herein, investors should not place undue reliance on forward- looking information. The foregoing
statements expressly qualify any forward-looking information contained herein.
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/266295