Fuerte Metals Corp.

Fuerte Metals Corp. is a junior gold exploration company headquartered in Vancouver, Canada, operating primarily in Mexico and South America. The company's portfolio consists of 1 exploration project, in addition to several early-stage exploration prospects. Key assets include Cristina. The company's business model centers on the identification, exploration, and evaluation of mineral properties. A significant corporate event was the completion of a reverse takeover transaction in early 2024, which fundamentally restructured the organization and provided access to public markets. This transaction involved a share consolidation and was supported by a substantial private placement financing. The operational approach involves advancing projects through systematic exploration programs, including drilling and geophysical surveys, with the objective of defining and expanding resources. The enterprise manages its exploration assets through various wholly-owned subsidiaries, which hold the direct interests in the mineral concessions. This structure facilitates focused management of distinct exploration initiatives. The company's activities are guided by technical reviews from qualified personnel who approve scientific and technical disclosures, ensuring compliance with industry standards.

The primary strategic focus is on advancing exploration programs to upgrade and expand existing resources, with a particular emphasis on defining higher-grade zones suitable for potential underground development. Near-term objectives involve systematic drilling campaigns aimed at better defining and expanding known mineralized zones. The strategy also includes follow-up work on targets identified through geophysical surveys to prepare for future drill testing. Management's approach encompasses evaluating various options to advance or monetize certain assets, including potential sales or joint ventures, to optimize the corporate portfolio. Capital allocation is directed towards these core exploration activities, funded by a significant private placement completed in conjunction with a recent corporate restructuring. The entity is also working to negotiate long-term surface access agreements to enable future exploration programs.

The corporate structure was fundamentally altered on February 9, 2024, through a reverse takeover transaction with TCP1 Corporation, which was identified as the accounting acquirer. In connection with this transaction, the organization completed a 6-for-1 share consolidation and subsequently changed its name from Atacama Copper Corporation, effective August 21, 2024. The entity holds its mineral property interests through several wholly-owned operational subsidiaries, including Criscora, S.A. de C.V., Aconcagua Minerals SpA, and Cobalt Chile SpA. A key external relationship involves a 2% net smelter royalty held by Maverix Metals Inc. on production from certain tenements, of which the company retains a right to buy back 1%. The operating environment is influenced by major industry players, evidenced by the resolution of a legal dispute involving the Teck-Newmont Nueva Union joint venture, which impacted access rights for exploration activities.