Forte Minerals Finalizes Miscanthus Property Acquisition

Forte Minerals Corp., a Canadian exploration company, announced the completion of its acquisition of the Miscanthus Property from Globetrotters Resource Group. This prospect, located in central Peru, spans 3,200 hectares and includes an approved drilling permit that lowers permitting risk. Forte completed the acquisition by paying US$27,000, issuing 3 million common shares, and providing a 1% net smelter return royalty to Globetrotters.

Globetrotters now holds a significant stake in Forte, possessing 17.60% of the outstanding shares. Being a related party, the transaction was exempted from formal valuation and minority shareholder approval due to its value not exceeding 25% of Forte's market capitalization. Miscanthus's acquisition positions Forte to advance its exploration efforts in Peru.