Fidelity Minerals Announces Closing of First Tranche of Non-Brokered Private Placement Financing
Fidelity Minerals Announces Closing of First Tranche of Non-Brokered
Private Placement Financing
Vancouver, BC, June 8, 2026 – Fidelity Minerals Corp. (TSX-V: FMN | FSE: S5GM | SSE:
MNYC) (“Fidelity Minerals” or the “Company”) is pleased to announce that it has closed the
first tranche of the non-brokered private placement financing (the “Private Placement”),
previously announced in its News Releases dated May 4, 2026 and May 21, 2026. In the first
tranche, the Company issued 3,160,000 units (each, a “Unit”) at $0.20 per Unit for gross proceeds
of $632,000. Each Unit consists of one common share (each, a “Share”) and one-half transferable
share purchase warrant (each, a “Warrant”) with each whole Warrant exercisable into one
additional Share at $0.30 per Share until June 8, 2028. If the closing price of the Company’s
common shares equals or exceeds $0.60 for 10 consecutive trading days, the Company may
accelerate the expiry date of the warrants by press release, after which the warrants will expire 30
days later. The Private Placement has been conditionally approved by the TSX Venture Exchange
(the “TSX-V”) but remains subject to final TSX-V approval. The Company intends to complete
additional tranches of the Private Placement.
In connection with the first tranche, the Company paid cash finders’ fees of $42,840 and issued
214,200 broker warrants (the “Broker Warrants”) with each Broker Warrant exercisable into one
additional Share at $0.30 per Share until June 8, 2028. If the closing price of the Company’s
common shares equals or exceeds $0.60 for 10 consecutive trading days, the Company may
accelerate the expiry date of the warrants by press release, after which the warrants will expire 30
days later.
The securities issued under the Private Placement, the Broker Warrants, and the Shares issuable
upon exercise of the Warrants and Broker Warrants are subject to a statutory hold period expiring
on October 9, 2026.
The Company intends to use the net proceeds of the Financing to advance its Peruvian exploration
and community relations programs, and general working capital.
The securities described herein have not been, and will not be, registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and
accordingly, may not be offered or sold within the United States except in compliance with the
registration requirements of the U.S. Securities Act and applicable state securities requirements or
pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a
solicitation to buy any securities in any jurisdiction.
About Fidelity Minerals Corp.
Fidelity Minerals Corp. is a TSX-V listed resource company. Its principal focus is the 44.5%-
owned (with a right to earn 50%) brownfield Las Huaquillas project in northern Peru. The
Company has a near-term objective to confirm previous underground sampling results and prepare
for drilling with an objective of preparing a new NI 43-101 compliant mineral resource estimate.
In addition to the Los Socavones brownfield gold opportunity, Las Huaquillas offers copper
upside potential through exploration of the two confirmed porphyry systems flanking the Los
Socavones epithermal gold zone.
The Company is run by an experienced management team with diverse technical, market, and
commercial expertise and is supported by committed, and sophisticated investors focused on
building long-term value. Fidelity’s founder John Byrne has over 50 years’ experience in the
minerals sector with a track record of developing brownfield sites into profitable mines.
On behalf of the Board of Fidelity Minerals.
Ryan Batros
CEO
Phone: +61-472-658-777
Email: [email protected]
For more information, please visit the corporate website at http://www.fidelityminerals.com or
contact:
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE
EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF
THIS NEWS RELEASE.
Forward-Looking Statement Cautions
This press release contains certain “forward-looking statements” within the meaning of Canadian securities
legislation, including, but not limited to, statements regarding receipt of final approval of the Private
Placement by the TSX Venture Exchange; the Company’s intention to complete additional tranches of the
Private Placement; the Company’s intended use of proceeds; the Company’s plans with respect to its
resource projects and the timing related thereto; the merits of the Company’s projects; and the Company’s
objectives, plans and strategies. Although the Company believes that such statements are reasonable, it
can give no assurance that such expectations will prove to be correct. Forward-looking statements are
statements that are not historical facts; they are generally, but not always, identified by words such as
“expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential,” “goal,” “objective,”
“strategy,” “prospective,” and similar expressions, or that events or conditions “will,” “would,” “may,” “can,”
“could” or “should” occur, or are those statements which, by their nature, refer to future events.
The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of
the Company’s management on the date the statements are made and involve a number of risks and
uncertainties. Consequently, there can be no assurance that such statements will prove to be accurate,
and actual results and future events could differ materially. Except as required by applicable securities laws
and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these
forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change.
Factors that could cause actual results to differ materially include, among others, the risk that the Company
may not receive final TSX Venture Exchange approval for the Private Placement; the risk that the Company
may not complete any additional tranches of the Private Placement; the risk that the proceeds of the
Private Placement may not be used as currently anticipated; the risk of accidents and other risks
associated with mineral exploration operations; the risk that the Company will encounter unanticipated
geological factors; the possibility that the Company may not be able to secure permitting and other agency
or governmental clearances necessary to carry out the Company’s exploration plans; and risks of political
uncertainties and regulatory or legal changes in the jurisdictions where the Company carries on business
that may interfere with the Company’s business and prospects.
The reader is urged to refer to the Company’s reports, publicly available through the Canadian Securities
Administrators’ System for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.ca for
a more complete discussion of such risk factors and their potential effects.