Fuerte Metals

Primary ticker: TSX-V: FMT
Stage of development: Exploration
Primary minerals: Copper/Gold/Silver
Project to promote: Cristina (Mexico), Placeton/Caballo Muerto (Chile)
Project location: Mexico, Chile
Website: www.fuertemetals.com

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 an aggressive drilling campaign at its Cristina precious metals project in Chihuahua Mexico, with the goal of significantly expanding the existing underground mineral resource estimate. 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.

Cash: 7.7M
Debt: NIL

Major shareholders:

Trinity Capital Partners – 17.0%

Pierre Lassonde – 11.7%

Strategic Corporate – 8.5%

Huron Sands – 8.5%

Charlie Ronkos – 8.0%
Management Ownership – 12.2%

Financials

Management Profile

Tim Warman, CEO & Director

Mr. Warman is a mining executive and geologist with more than 30 years of experience ranging from early-stage exploration to production. He has held senior leadership roles and board positions with some of the industry’s most successful companies including Fiore Gold, Continental Gold, Dalradian Resources and Aurelian Resources. He has worked on projects throughout the Americas, as well as Africa and Europe.

What is your rationale for taking part in 121 Mining Investment?

Looking to raise market awareness

What recent news would you like to highlight to investors attending?

September 9, 2024 – Fuerte Metals Intercepts 7.3 g/t AuEq over 2.5 m, 7.5 g/t AuEq over 1.5 m and 9.2 g/t AuEq over 0.9 m at its Cristina Project in Chihuahua, Mexico

July 8, 2024 – Fuerte Metals Intercepts 27.8 g/t AuEq over 1.2 m and 6.3 g/t AuEq over 2.2 m at its Cristina Project in Chihuahua Mexico

June 2, 2024 – Fuerte Metals Intercepts 7.9 g/t AuEq over 1.3 m and 6.1 g/t AuEq over 2.6 m at its Cristina Project in Chihuahua Mexico

What are your key goals in 3 months, 6 months, 12 months?

3 Months:

1. Continue 10,000 m drilling program at the Cristina precious metals deposit to grow the high-grade underground resource

2. Carry out deep penetrating geophysical surveys at the Caballo Muerto and Placeton copper projects in Chile

3. Progress M&A strategy aimed at advanced development or production assets

6 Months:

1. Complete 10,000 m drilling program at the Cristina precious metals deposit to grow the high-grade underground resource, begin planning Phase 2 program

2. Begin planning 5,000 m diamond drilling program at Placeton porphyry Cu-Au project in Chile, and negotiate access agreements for drilling

12 Months:
1. Complete Phase 2 10,000 m drilling program at Cristina precious metals deposit, and begin work on underground mineral resource update

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Navigating political developments in Mexico by focusing on high-grade underground development of Cristina, and acquisition of other underground mining assets

What do you think makes your company such a compelling investment?

Management team with a long history of successful companies (Aurelian, Continental, Fiore, Goldcorp), backed by an enviable group of founding shareholders including Pierre Lassonde, Ross Beaty’s Lumina Group, Trinity Capital Partners, and a strategic corporate investor. Excellent projects in proven jurisdictions.

What are the top 3 key investor takeaways?

1.A team with a long history of generating outsized returns for investors

2. A timely mix of precious metals and copper assets in established mining jurisdictions

3. Strong shareholder backing and a mandate to drive growth organically and via M&A