Previous Ownership: Initially acquired by Globetrotters in 2022 from Sumitomo Metal Mining Perú S.A. (“Sumitomo“).
Transfer: The concessions are to be transferred to Forte’s Peruvian subsidiary, Cordillera Resources Perú S.A.C.
Acquisition Terms under the Mineral Asset Purchase Agreement dated October 21, 2024 between the Company and Globetrotters
-
One-time cash payment of US $27,000.00
-
Issuance of 3,000,000 common shares of Forte at deemed price of $0.23 per share.
-
1.0% net smelter return royalty (“NSR”) interest on the concessions to Globetrotters.
Environmental Approval: Miscanthus has an approved DIA environmental drilling permit, allowing for up to 40 platforms of drilling over 172 hectares, significantly reducing permitting risk.
Property Highlights
-
Location: Approximately 390 km southeast of Lima at 4,100 meters elevation.
-
Access: Via a network of paved and gravel roads, 60 km inland from Nazca.
-
Proximity to Infrastructure: 120 km…
