# Fuerte Metals (TSXV:FMT)

> Fuerte Metals is a Vancouver-based exploration and development company focused on advancing high-potential base and precious metals projects across the Americas.

## About

Fuerte Metals is a Vancouver-based exploration and development company focused on advancing high-potential base and precious metals projects across the Americas. Their flagship asset is the 100%-owned Coffee Project in the Yukon, Canada, which is a high-quality gold project nearing the final stages of permitting, engineering, and resource expansion drilling. The company also holds a portfolio of copper and gold assets, including projects in Chile and Mexico, and is committed to responsible stewardship of the land and creating long-term returns for shareholders.

## Key facts

- **Cash position:** ~ C$M 5.5
- **Shares outstanding:** 131.9 M
- **Fully diluted shares:** 183.2 M
- **Warrants:** 38.1 M
- **Options:** 13.2 M
- **Mineral resource:** Measured and Indicated gold resource of 2.96 Moz, consisting of 80 Mt at a grade of 1.15 g/t gold at a weighted average cut-off of 0.18 g/t. Sensitivity analysis shows a robust resource at considerably higher cut-off grades: At a 0.4 g/t cut-off, Measured and Indicated resource of 2.80 Moz (60 Mt at a grade of 1.44 g/t gold). At a 1.0 g/t cut-off, Measured and Indicated resource of 2.16 Moz (30 Mt at a grade of 2.19 g/t gold). The entire resource is amenable to conventional open-pit, heap-leach mining and processing to produce gold doré bars. Numerous nearby targets provide excellent opportunities for resource expansion as shown by sparsely drilled areas not included in the current resource estimate. Excellent potential for the future delineation of high-grade sulphide resources below the oxides, as evidenced by high-grade (>5 g/t gold) sulphide intercepts in the relatively few deeper holes. The updated mineral resource estimate and the sensitivity analysis are presented in the tables below. Drill data for the project was collected between 2010 and 2023 by previous operators Kaminak Gold Corporation (“Kaminak”), Goldcorp Inc. (“Goldcorp”), and Newmont. A total of 3,307 reverse circulation (“RC”) holes totalling 376,291 m and 1,261 diamond drill holes totalling 238,284 m were used in the resource estimate. The estimate was prepared by Micon International Limited (“Micon”) in accordance with National Instrument 43-101 (“NI 43-101”) with an effective date of August 21, 2025.
- **Projects:** ["The Coffee Gold Project in Canada’s Yukon Territory is one of the largest and highest-grade heap leach projects in the world: 3.0million ounces of Measured and Indicated resource within 80 Mt at 1.15 g/t gold (0.18 g/t gold cut-off). At a higher 0.40 g/t cut-off, Coffee has approximately 2.8 million ounces of Measured and Indicated resource within 60 Mt at 1.44 g/t gold. The project is well-advanced through permitting and engineering, with a clear path to production, and agreements are in place with two First Nations. The Coffee Gold Project hosts 3.0 million ounces of open-pit heap-leach Measured and Indicated resource, as well as an Inferred Resource of 0.8 million ounces. The project is situated within the prolific Yukon- Tanana Terrane (YTT), and within the wider Tintina Gold Province, which hosts numerous multi-million-ounce deposits and producing mines including Kinross’ Fort Knox Mine and Snowline’s Valley deposit. The lack of glaciation in the Yukon Territory has allowed for the preservation of extensive oxide ore deposits such as Coffee and the nearby Casino copper-gold deposit. Exploration drilling has led to the discovery of gold mineralization in 15 separate areas: Supremo, Sumatra, Latte, Double-Double, Arabica, Americano West, Americano, Espresso, Kona, Kona North, Supremo Extension, Cappuccino, Dolce, French Press, and Sugar. Gold mineralization occurs in narrow to broad gold-bearing locally brecciated structures with quartz, albite, ankerite, dolomite, sericite, and pyrite alteration. The gold mineralization found to date is hydrothermal in origin and both structurally and lithologically controlled."]
- **Leadership:** Tim Warman (Chief Executive Officer & 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.), Jason O'Connell (Chief Financial Officer, Jason O'Connell has worked in the mining industry for 20 years and was most recently Senior Vice President at Franco-Nevada, having held several different roles in the organization beginning in 2008.), Denis Flood, P. Eng., PMP (Chief Operating Officer, Mr. Flood has over 20 years of engineering, operations, and construction experience across all stages of the mining life cycle in Canada, the United States, and Mexico.), Charlie Ronkos (Executive Vice-President Exploration, Mr. Ronkos has 45 years of exploration experience mainly in the United States, Canada and Latin America.), Nelson Bodnarchuk, MBA, B. Eng., PMP (Vice-President People & Systems, Mr. Bodnarchuk has over 20 years of mining leadership experience across engineering, operations, construction, capital projects, and organizational transformation.), Jasmin Dobson (Vice-President Environment and Permitting, Jasmin Dobson is an environmental and permitting professional with over 15 years of experience in the mining industry.), Jennie Gjertsen (Vice-President Sustainability and External Relations, Jennie Gjertsen is a sustainability leader with nearly 20 years of multi-metallic mining experience.), Patrick Loury (Vice President, Mineral Resources, Patrick Loury is a geologist with 15 years of experience spanning grassroots exploration through to operating mines.), David Maude (Vice President, Finance, David Maude has more than 25 years of international finance experience across the mining, hospitality, and media sectors.), Amber Schaefer (Corporate Secretary, Amber Schaefer has over 25 years of experience in legal administration.), Sébastien Tolgyesi (Vice President, Coffee Project, Sébastien Tolgyesi is a mining professional with more than 25 years of experience across geology, engineering, and operations.), Chris Beer (Board Chair, Mr. Beer brings over 35 years of experience in mining finance, capital markets, and resource investing.), Scott Hicks (Independent Director, Mr. Hicks served as VP Corporate Development and Communications of Lumina Gold, Luminex Resources and Anfield Gold.), Shannon McCrae (Independent Director, Ms. McCrae is a seasoned professional geologist and mining executive with more than 25 years of experience in the resources industry.), Dawson Proudfoot (Independent Director, Dawson Proudfoot is a highly experienced mining engineer and operator with more than 30 years of experience in mine development, construction, and operations.), Sandip Rana (Independent Director, Sandip Rana is the Chief Financial Officer of Franco-Nevada, where he has overseen financial strategy, capital allocation, and balance sheet management since 2010.), Tracy Reynolds (Director, Tracy Reynolds currently serves as Head, Corporate Development at Newmont Corporation and brings 15 years of financial and capital markets-based experience in the mining industry.)

_Verified data last updated: 2026-05-15_

## Recent filings

- 2026-05-11 — financials — [FMT:CA_2026-05-11_16-37-14.pdf](https://chat.orbiton.app/fmt/preview/50031?documentId=50031)
- 2026-05-11 — financials — [FMT:CA_2026-05-11_16-37-13.pdf](https://chat.orbiton.app/fmt/preview/50032?documentId=50032)
- 2026-05-11 — mda — [FMT:CA_2026-05-11_16-35-10.pdf](https://chat.orbiton.app/fmt/preview/50024?documentId=50024)
- 2026-05-11 — financials — [FMT:CA_2026-05-11_16-31-36.pdf](https://chat.orbiton.app/fmt/preview/50023?documentId=50023)
- 2026-05-11 — press_release — [FMT:CA_2026-05-11_06-41-05.pdf](https://chat.orbiton.app/fmt/preview/49869?documentId=49869)
- 2026-04-30 — other — [FMT:CA_2026-04-30_09-23-47.pdf](https://chat.orbiton.app/fmt/preview/35575?documentId=35575)
- 2026-04-30 — proxy — [FMT:CA_2026-04-30_09-23-17.pdf](https://chat.orbiton.app/fmt/preview/35572?documentId=35572)
- 2026-04-30 — proxy — [FMT:CA_2026-04-30_09-23-16.pdf](https://chat.orbiton.app/fmt/preview/35573?documentId=35573)

## Investor FAQ

### [Latest News?](https://chat.orbiton.app/fmt/faq/latest-news)

Not disclosed in available filings.

### [Coffee Project](https://chat.orbiton.app/fmt/faq/coffee-project)

The Coffee Gold Project in Canada’s Yukon Territory is one of the largest and highest-grade heap leach projects in the world, with a Measured and Indicated resource of 3.0 million ounces of gold. The project is well-advanced through permitting and engineering, with a clear path to production and agreements in place with two First Nations.

## Live AI chat

- https://chat.orbiton.app/fmt/chat
- Investor website: https://fuertemetals.com/