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The latest update is out from Atacama Copper Corporation ( (TSE:FMT) ).
Fuerte Metals has closed a brokered private placement totaling approximately C$17.25 million through the issuance of flow-through and special flow-through shares, led by a syndicate of investment dealers including Stifel Nicolaus Canada and BMO Capital Markets. The proceeds will be directed to eligible Canadian exploration expenditures at the company’s Coffee Gold Project in Yukon by the end of 2026, reinforcing the funding of its ongoing exploration and development work; insider participation in the financing triggered related-party transaction rules but remained below thresholds requiring a formal valuation or minority shareholder approval, signaling internal confidence while modestly diluting existing shareholders and supporting advancement toward a potential construction decision at Coffee.
More about Atacama Copper Corporation
Fuerte Metals Corporation is a Canadian exploration and development company focused on advancing high-potential precious and base metals projects across the Americas. Its flagship asset is the 100%-owned Coffee Gold Project in Yukon, Canada, which hosts a substantial open-pit heap-leach gold resource and is progressing through late-stage permitting, engineering and resource expansion drilling ahead of a construction decision, with a stated emphasis on collaboration with local First Nations communities.
Average Trading Volume: 107,692
Technical Sentiment Signal: Buy
Current Market Cap: C$442M
For an in-depth examination of FMT stock, go to TipRanks’ Overview page.