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Fuerte Metals ( (TSE:FMT) ) has shared an update.
Fuerte Metals has awarded the construction contract for the Northern Access Route to Yukon-based Cobalt Construction, marking a key step in developing the Coffee Gold Project in Yukon. The 214 km all-season gravel road will link the project to Dawson City and the Yukon highway network and is designed to meet regulatory, environmental, and social commitments.
The company is working closely with Tr’ondëk Hwëch’in and other First Nations to structure collaboration on the road, emphasizing responsible development and meaningful local participation. The two-year construction program is expected to inject about C$77 million into the Yukon economy through spending on supplies, materials, equipment, and services, creating jobs and contracting opportunities, particularly for First Nations communities.
The Northern Access Route includes upgrades to roughly 180 km of existing road and construction or realignment of about 34 km of new access road, along with seasonal barge and ice bridge crossings over the Stewart and Yukon rivers. This first major infrastructure contract for Coffee positions Fuerte to move toward a final mine construction decision after updated feasibility work and permitting, and the company expects to award further development contracts in the coming months.
The most recent analyst rating on (TSE:FMT) stock is a Buy with a C$14.00 price target. To see the full list of analyst forecasts on Fuerte Metals stock, see the TSE:FMT Stock Forecast page.
More about Fuerte Metals
Fuerte Metals is a Canadian mining company focused on advancing its flagship Coffee Gold Project in Yukon. The company is developing gold mining infrastructure in partnership with local First Nations and Yukon-based contractors, aiming to integrate environmental, social, and economic considerations into its project development strategy.
Average Trading Volume: 295,200
Technical Sentiment Signal: Buy
Current Market Cap: C$1.08B
Learn more about FMT stock on TipRanks’ Stock Analysis page.