Major $40M JV (60% Operator)The $40M JV funds district-scale exploration without immediate Fortitude cash outlay, accelerating drilling and discovery potential. As 60% operator, Fortitude preserves upside economics while shifting early funding risk to the partner, improving near-term liquidity and growth optionality.
Permits Secured To Enable Ramp-upSecuring County Line, Scarlet South and a power-grid permit removes regulatory bottlenecks that previously stopped work. That clearance enables immediate restart of exploration and staged production restarts, materially improving project execution visibility and potential to extend mine life.
Owner‑operator Shift And Crusher UpgradeBringing mining in‑house and installing an 800 t/hr crusher increases throughput and gives direct cost control. Capturing mining margins and higher crushing capacity create operating leverage across pits, supporting durable unit‑cost reductions and margin improvement as volumes scale.