Atacama Copper to Become Fuerte Metals
Atacama Copper to Become Fuerte Metals
Vancouver, British Columbia--(Newsfile Corp. - August 22, 2024) - Atacama Copper Corporation
(TSXV: ACOP) ("
Atacama Copper
" or the "
Company
") is pleased to announce that it has changed its
name to "
Fuerte Metals Corporation
" (the "
Name Change
") and trading symbol to "
FMT
". The board
of directors passed a resolution on August 16
th
, 2024, approving the Name Change in accordance with
the Articles of the Company.
It is anticipated that the Company's common shares (the "Common Shares") will commence trading on
the TSX Venture Exchange (the "TSXV") under the new name, "Fuerte Metals Corporation" effective as
of the open of markets on August 26, 2024. The Common Shares will trade under the trading symbol
"FMT" on the TSXV.
Tim Warman, CEO, commented:
"Fuerte, Spanish for 'Strong', is a perfect description of this
company. Strong management with a long history of discovery and value creation, strong backers with a
record of supporting successful companies, and a strong vision for the company. In addition to our
precious metals-rich Cristina project, the Company retains a significant focus on copper with
Placeton/Caballo Muerto project in Chile which hosts several porphyry copper targets situated between
the giant Relincho and El Morro/La Fortuna copper-gold deposits of the Teck/Newmont Nueva Union
joint venture."
We anticipate increased news flow this fall. After a short break during the rainy season in Chihuahua,
drilling will resume at Cristina in early September with a focus on resource expansion in new target
areas and the higher-grade portions of the known deposit. Based on the near-vertical structure of the
Cristina veins, and the numerous coherent higher-grade zones identified to date, the Company believes
the deposit is both amenable and better suited to underground mining. Drilling will continue through early
2025 as we completed a fully funded 21,000 m program ahead of a resource update later next year.
The CUSIP number assigned to the Company's shares following the Name Change is 35958L101 (ISIN:
CA35958L1013).
The Name Change does not affect the rights of the Company's shareholders. There is no consolidation
or division of capital associated with the Name Change. Shareholders will not be required to take any
action in connection with the Name Change. Issued certificates or direct registration statements
representing Common Shares will not be affected by the Name Change and will not need to be
exchanged. The Company encourages shareholders to contact their broker with any questions regarding
the Name Change.
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 carrying out a
21,000 m drilling campaign at 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.
Drilling is also planned for the Yecora copper project in Sonora Mexico. 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 timing
from which the Common Shares will trade on the TSXV under the new name of the Company and
management's objectives, strategies, beliefs and intentions and receipt of final approval from the TSX
Venture Exchange. 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/220738