Fuerte Metals - Transformative Acquisition of the Coffee Gold Project from Newmont
In this KE Report Company Update, Tim Warman, CEO of Fuerte Metals (TSX.V:FMT - OTC:FUEMF), outlines the company’s transformational acquisition of the Coffee Gold Project in the Yukon from Newmont (NYSE: NEM) - a project boasting 3Moz M&I and 0.8Moz inferred gold.
Highlights:
- Deal Structure: US$10M cash + US$40M equity, with a US$100M NSR buyback post-production.
- Advanced Asset: Over 200,000m drilled, extensive engineering and permitting already complete.
- Development Path: PEA in Q1 2026, Feasibility Study by year-end 2026.
- Infrastructure Ready: The site hosts significant infrastructure - a fleet of haul trucks, excavators, and dozers.
- Permitting: Environmental approvals secured; key Yukon licenses expected next year.
- Broader Portfolio: Beyond Coffee, Fuerte continues to advance its Chile copper-gold porphyry project through potential partnerships and is updating the resource at its Mexican gold project.
Click here to visit the Fuerte Metals website to learn more about the Company.
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