Palladium is up by 5.02%

Gold's direction this week will largely depend on U.S. bond yields and the dollar, according to Fawad Razaqzada from Forex.com. "Any further weakness in bonds, or strength in yields, could pressure low-and zero-yielding assets like gold," he says. Meanwhile, "if the USD were to bounce back this week, which is a busy one for data and Fed speak, then gold could lose some shine." The U.S. dollar came under pressure last week as the Federal Reserve left the door open to further rate cuts next year. All eyes are now on November's nonfarm payrolls report due Tuesday and consumer price data on Thursday. The market will also monitor New York Fed President John Williams' speech later on Monday and Governor Christopher Waller's remarks on Wednesday. (giulia.petroni@wsj.com)

Orange Juice increased to 168.50 USd/Lbs, the highest since November 2025.

Over the past 4 weeks, Orange Juice lost 1.54%, and in the last 12 months, it decreased 68.19%.

Gold prices rise as investors weigh expectations of looser U.S. monetary policy next year and persistent geopolitical risks. "The metal benefited from expectations of additional interest rate cuts in 2026 following the Federal Reserve's recent rate reduction and a less hawkish tone than expected from Fed Chair Jerome Powell," says Christopher Tahir from Exness. Meanwhile, uncertainty surrounding peace talks in Eastern Europe, along with tensions in the Middle East and Latin America, have further reinforced gold's appeal as a safe haven. Demand has also been bolstered by steady inflows into gold-backed exchange-traded funds and continued buying by central banks, as well as concerns about the Fed's future independence, Tahir says. Futures in New York rise 1.2% to $4,378.80 a troy ounce, bringing gains for the year to more than 65%. (giulia.petroni@wsj.com)

Eliminates a risk for the vertically integrated development as the Company advances the NICO critical minerals project closer to a construction decision

LONDON, Ontario--(BUSINESS WIRE)--December 15, 2025--

Fortune Minerals Limited ("Fortune" or the "Company") (www.fortuneminerals.com) is pleased to announce that it has closed the C$3.8 million loan previously announced with Prosper NWT, a public agency of the Government of the Northwest Territories (see November 10, 2025 news release). Fortune has also completed the acquisition of the Lamont County, Alberta site and facilities that were previously held under a purchase option with JFSL Field Services ULC ("JFSL") (see August 19, 2024 news release). Fortune plans to construct a hydrometallurgical facility at this site ("Alberta Refinery") to process concentrates from the NICO cobalt-gold-bismuth-copper mine and concentrator in the Northwest Territories ("NWT") (collectively the "NICO Project"). The NICO Project will provide a reliable North American supply of battery grade cobalt sulphate, bismuth ingots (12% of global reserves) and copper cement - with more than one million ounces of in-situ gold as a countercyclical and highly liquid co-product.

Like our news? Click-to-post on X.

The Lamont County, Alberta brownfield site and facilities were purchased from JFSL for C$6 million, which included C$3,037,500 paid in previous installments. The remainder was paid from the proceeds of the Prosper NWT loan. Prosper NWT has security over the assets for the duration of the loan. As part of the Alberta Refinery site purchase, JFSL will have a license to continue using the Lamont County site and facilities for up to 18 months, subject to Fortune's right to terminate this license after one year and on 60 days prior notice. JFSL will also have the right to terminate the license earlier on 60 days prior notice to Fortune. During the term of the license, JFSL will be required to maintain the facilities in their current condition and pay the utilities, security, insurance and other operating costs while it occupies the site.

Lamont County is part of the Alberta Industrial Heartland Association ("AIHA"), an economic collaboration of municipalities on the north side of Edmonton with the municipal planning approvals in place for heavy industry and tax incentives keyed to capital investment. The Alberta Refinery site consists of 76.78 acres adjacent to the Canadian National Railway with 42,000 square feet of serviced shops and facilities that will be expanded and retrofitted to construct hydrometallurgical facilities. The AIHA is an existing petrochemicals and critical minerals processing hub producing materials for industry, the energy transition, new technologies, and defense. The Alberta Refinery will leverage the existing infrastructure, process knowledge, services and reagents already in place for other AIHA industries.

NICO Project

The NICO Project is comprised of a planned open pit and underground mine and concentrator in the NWT and a dedicated hydrometallurgical facility in Alberta where concentrates from the mine, and other feed sources, will be processed to value-added products. Development of the vertically integrated NICO Project will strengthen North American critical mineral supply chain resilience and security, a priority for western governments that need to reduce their dependence on the current supply sources in foreign entities of concern. The NICO Project will be a reliable producer of critical mineral products in a Tier 1 jurisdiction with supply chain transparency and custody control of the contained metals from ores through to the production of value-added critical mineral products.

For more detailed information about the NICO Mineral Reserves and certain technical information in this news release, please refer to the Technical Report on the NICO Project, entitled "Technical Report on the Feasibility Study for the NICO-Gold-Cobalt-Bismuth-Copper Project, Northwest Territories, Canada", dated April 2, 2014 and prepared by Micon International Limited which has been filed on SEDAR and is available under the Company's profile at www.sedarplus.ca.

The disclosure of scientific and technical information contained in this news release have been approved by Robin Goad, M.Sc., P.Geo., President and Chief Executive Officer of Fortune and Alex Mezei, M.Sc., P.Eng. Fortune's Chief Metallurgist, who are "Qualified Persons" under National Instrument 43-101.

About Fortune Minerals

Fortune is a Canadian mining company focused on developing the NICO cobalt-gold-bismuth-copper project in the Northwest Territories and Alberta. Fortune also owns the satellite Sue-Dianne copper-silver-gold deposit located 25 km north of the NICO deposit and is a potential future source of incremental feed to extend the life of the NICO concentrator.

Follow Fortune Minerals:

Click here to subscribe to Fortune's email list.

Click here to follow Fortune on LinkedIn.

@FortuneMineral on X.

This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities legislation. This forward-looking information includes statements with respect to, among other things, the construction of the proposed Hydrometallurgical Facility at the JFSL site, and the Company's plans to develop the NICO Project. Forward-looking information is based on the opinions and estimates of management as well as certain assumptions at the date the information is given (including, in respect of the forward-looking information contained in this press release, assumptions regarding: the Company's ability to complete construction of a NICO Project Hydrometallurgical Facility; the Company's ability to arrange the necessary financing to continue operations and develop the NICO Project; the receipt of all necessary regulatory approvals for the construction and operation of the NICO Project and the related Hydrometallurgical Facility and the timing thereof; the time required to construct the NICO Project; and the economic environment in which the Company will operate in the future, including the price of gold, cobalt, bismuth and other by-product metals, anticipated costs and the volumes of metals to be produced at the NICO Project). However, such forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. These factors include the risks related to the new Mineral Reserves, Mine Plan and production schedule for the NICO Project, the Company may not be able to finance and develop NICO on favourable terms or at all, uncertainties with respect to the receipt or timing of required permits, approvals and agreements for the development of the NICO Project, including the related Hydrometallurgical Facility, the construction of the NICO Project may take longer than anticipated, the Company may not be able to secure offtake agreements for the metals to be produced at the NICO Project, the Sue-Dianne Property may not be developed to the point where it can provide mill feed to the NICO Project, the inherent risks involved in the exploration and development of mineral properties and in the mining industry in general, the market for products that use cobalt or bismuth may not grow to the extent anticipated, the future supply of cobalt and bismuth may not be as limited as anticipated, the risk of decreases in the market prices of cobalt, bismuth and other metals to be produced by the NICO Project, discrepancies between actual and estimated Mineral Resources or between actual and estimated metallurgical recoveries, uncertainties associated with estimating Mineral Resources and Reserves and the risk that even if such Mineral Resources prove accurate the risk that such Mineral Resources may not be converted into Mineral Reserves once economic conditions are applied, the Company's production of cobalt, bismuth and other metals may be less than anticipated and other operational and development risks, market risks and regulatory risks. Readers are cautioned to not place undue reliance on forward-looking information because it is possible that predictions, forecasts, projections and other forms of forward-looking information will not be achieved by the Company. The forward-looking information contained herein is made as of the date hereof and the Company assumes no responsibility to update or revise it to reflect new events or circumstances, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20251215620330/en/

CONTACT: For further information please contact:

Fortune Minerals Limited

Troy Nazarewicz

Investor Relations Manager

info@fortuneminerals.com

Tel: (519) 858-8188

www.fortuneminerals.com

Vancouver, British Columbia--(Newsfile Corp. - December 15, 2025) - Fuerte Metals Corporation (OTCQB: FUEMF) ("Fuerte" or the "Company") is pleased to announce a partnership with G Mining Services ("GMS") to produce a Feasibility Study ("FS"), perform preliminary engineering for critical-path items, and lead the eventual mine construction for its 100%-owned Coffee Gold project in Canada's Yukon Territory. Fuerte has also engaged WSP to complete a Preliminary Economic Assessment ("PEA") for the project. The PEA and FS studies will run in parallel, with the PEA providing a first look at the project design underpinning the value of the project with completion of the study anticipated in Q1 of 2026. The FS, anticipated in Q4 2026, will present a well defined economic and technical analysis that will form the basis for a production decision that could be made as early as Q1 of 2027. Fuerte's project team will coordinate with GMS and WSP to ensure alignment between the two studies.

Tim Warman, President and CEO of Fuerte, commented, "We are extremely pleased to be working with GMS and WSP as we advance the Coffee Gold project towards a construction decision in 2027. We intend to leverage the extensive drilling, test work and engineering that was carried out by previous project owners as we work to complete the PEA in short order. The subsequent FS led by GMS will form the basis for project finance discussions and their scope of work also includes required engineering to support procurement of long-lead and critical path items as well as construction supervision for an extensive program of permitted advanced exploration activities at site, and for the Northern Access Route once permits are in hand. Fuerte and GMS have also signed a Memorandum of Understanding for GMS to lead the eventual mine construction, subject to a positive construction decision and the receipt of the remaining permits. GMS has a stellar reputation in the mining industry, and we are confident they are the right partner to help us achieve a successful outcome for the Coffee Gold project, with a strong focus on safety and environmental protection."

Mathieu Gignac, President of G Mining, commented, "Since 2014, GMS has been in continuous construction of successful mining projects. Our team has pioneered and fine-tuned the Integrated Project Management approach to deliver responsible projects that create value for shareholders and stakeholders. We are thrilled to mobilize to the Yukon to join the Fuerte Metals project team that is responsible for delivering the Coffee Gold Project. We remain committed to safety, collaboration, and project execution excellence, ensuring that we contribute to the success of the project and of the communities we work with."

GMS was founded in 2006 and has grown into a renowned mine development firm specializing in both underground and open-pit precious and base metal projects. The company offers a comprehensive suite of services across all mining disciplines, as well as the industrial construction expertise required to develop and support successful mining operations. With extensive project experience in Canada and internationally, GMS has built a strong track record of delivering fit-for-purpose projects safely, on or under budget, and on or ahead of schedule. Notable achievements include the successful construction of Lundin Gold's Fruta del Norte Project in Ecuador; delivering Newmont Mining's Merian Mine in Suriname below budget and ahead of schedule; overseeing project construction of the Greenstone Project in Ontario; and partnering with G Mining Ventures to successfully build the Tocantinzinho Mine in Brazil. GMS continues to expand its portfolio with its current involvement in the Oko West Project in Guyana and the McIlvenna Bay Project in northern Saskatchewan.

WSP is one of the world's leading professional services firms, uniting its engineering, advisory and science-based expertise to shape communities to advance humanity. From local beginnings to a globe-spanning presence today, WSP operates in over 50 countries and employs approximately 73,000 professionals. Together they pioneer solutions and deliver innovative projects in the transportation, infrastructure, environment, building, energy, water, and mining and metals sectors. WSP will be managing the PEA from its Whitehorse office, leveraging its knowledge of the local community, costs, and infrastructure.

About Fuerte Metals Corporation

Fuerte Metals is a Canadian exploration and development company focused on advancing high-potential precious metals and base metals projects across the Americas. Our flagship asset is the 100%-owned Coffee Project in the Yukon, Canada - a high-quality gold project advancing through the final stages of permitting, engineering, and resource expansion drilling in preparation for a construction decision. Coffee hosts 3.0 million ounces of open-pit heap-leach Measured and Indicated Resource and an Inferred Resource of 0.8 million ounces. We respectfully acknowledge that protection of the water and lands around the Coffee Creek and mine project area is of high importance to First Nations. Through cooperation, transparency, and respect, we pledge to continue to build on relationships with Tr'ondëk Hwëch'in, White River First Nation, Selkirk First Nation, and the First Nation of Na-Cho Nyäk Dun, whose Traditional Territories overlap or partially overlap with the project access road, and areas where exploration and mining activities may occur. In addition to Coffee, Fuerte holds a portfolio of copper and gold assets, including the Placeton-Caballo Muerto Project in Chile and the Cristina and Yecora Projects in Mexico, offering additional growth and exploration upside. At Fuerte, we are committed to building value through disciplined project development, responsible stewardship of the land, a safety-focused culture, and creating long-term returns for shareholders.

Qualified Person

Alan J. San Martin, P.Eng. and Charley Murahwi, P.Geo. from Micon International Limited are the Qualified Persons (QPs) who prepared the Coffee Gold Project Mineral Resource Estimate, as detailed in the technical report titled "NI 43-101 Technical Report for the 2025 Mineral Resource Estimate Update on the Coffee Gold Project, Yukon, Canada" with an effective date of August 21, 2025. Micon International Limited is "independent" of Fuerte as defined by Section 1.5 of NI 43-101. The Coffee Technical Report is available on the Company's website at www.fuertemetals.com and on SEDAR+ at www.sedarplus.ca.

Additional Information

For more information, please contact:

Tim Warman, Chief Executive Officer and Director 

Fuerte Metals Corporation

Email: info@fuertemetals.com

Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements include, but are not limited to, statements with respect to information relating to the business of the Company including exploration and development activities and managements' objectives, strategies, beliefs and intentions.

Forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets; change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties.

There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278002

Vancouver, British Columbia--(Newsfile Corp. - December 15, 2025) - Transatlantic Mining Corp.  (the "Company") is pleased to announce the company has engaged a maiden technical trial with Outer Rim Exploration ("ORE") utilising a new Muon enhanced technique to identify voids and new mineralisation association at its Monitor Copper Gold project in Idaho USA.

The campaign marks the first North American deployment of ORE's portable muon hodoscope for the mining industry. The survey will evaluate the continuity and potential size of a chalcopyrite-rich copper ore zone and map unmapped historical mine workings within the area.

The new muon-based tomography system aims to accelerate subsurface mapping and reduce drilling costs in mineral exploration.

Business and Technical Impact

By imaging both mineralized and void zones, ORE's data will provide Transatlantic with valuable insights into orebody geometry and historical mine dimensions. This improved understanding will support drill planning, future mine planning, cost optimization, and risk reduction associated with drilling and mine excavation.

"Our goal is to replace guesswork with captured data," said Jeremy Anderson, CEO and Co-Founder of Outer Rim Exploration.

Bernie Sostak, CEO of Transatlantic Mining , said, "With a portable detector, we can image historical underground cavities, and provide clarity that usually takes months of drilling to achieve. We are also excited to partner with Outer Rim to evaluate the potential extensions of the known and unknown copper-bearing chalcopyrite mineralization. This collaboration represents a new frontier in mineral imaging, bringing particle physics to the service of practical exploration."

Survey Objectives

ORE's muon hodoscope operates as a fully stand-alone, battery-powered, passive, and environmentally friendly imaging platform that requires no active radiation source or drilling. Compact and ruggedized, the system fits within narrow adits and underground passages or can be deployed on the surface, enabling continuous autonomous scanning over weeks of operation—even in remote or constrained environments.

The survey will determine whether the chalcopyrite-bearing copper mineralization, previously observed at widths ranging from 0.3 m width, and looking to extend laterally along strike and/or vertically. ORE's detectors will also image subsurface voids to improve geotechnical understanding and guide future exploration drilling.

Next Steps

Following the campaign, ORE will process the muon data through its proprietary AI-driven density-mapping pipeline to generate 2D and 3D visualizations of subsurface density variations. The findings will inform Transatlantic's exploration strategy and guide future deployments across additional sites in North America.

About Outer Rim Exploration (ORE)

Outer Rim Exploration Inc. is a deep-tech company pioneering portable muon tomography systems for subsurface imaging in mining and infrastructure. ORE's mission is to revolutionize how humanity explores beneath the surface of the Earth. https://www.ore.space/

About Transatlantic Mining Corp.

Transatlantic Mining is an emerging precious and base metal explorer. The Company has a focus on converting projects into mines within stable mining jurisdictions. The Company currently holds property interests including an 80% Joint Venture position on the Monitor Copper-Gold project in Montana-Idaho (USA) and 100% of the Golden Jubilee Gold Project with its associated mining rights. The Company also has an extended lease, right to mine, and purchase arrangement for the Miller Gold Mine in Montana, moving towards 100% ownership by way of a payment royalty. https://www.transatlanticminingcorp.com/

Cautionary Statement Regarding Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of Canadian securities legislation. These forward-looking statements include, but are not limited to, statements regarding the Company's future exploration plans, geophysical programs, and the potential for mineralization. Forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. These factors include, but are not limited to, risks associated with the exploration and development of mineral properties, the Company's ability to obtain necessary permits, and the availability of financing. Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, except as required by law.

For further information, please contact: Bernie Sostak: bsostak@transatlanticminingcorp.com, +61 (0) 439 904 044

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278020