AIF

Extracted Document Text

This is a readable excerpt of the EGM normalized Markdown text. It helps search engines and researchers understand PDF, filing, or company-document content while the original source remains authoritative.

# AIF

Source: https://talamoremining.com/site/assets/files/6204/annual-information-form-fuerte-2025.pdf
Fetched: 2026-09-12T07:10:55.843+00:00
Source artifact: 378702ed-f549-4b30-8d88-4b15a94f3c92
Normalizer input: text

## Content

# AIF
ANNUAL INFORMATION FORM
For the Year Ended December 31, 2025
Dated April 15, 2026
FUERTE METALS CORPORATION
3200 – 733 Seymour Street
Vancouver, B.C.
V6B 0S6
TABLE OF CONENTS
ITEM 1: PRELIMINARY NOTES ................................................................................................................ 1
1.1 Effective Date of Information............................................................................................................. 1
1.2 Financial Statements and Management Discussion and Analysis ......................................................... 1
1.3 Currency............................................................................................................................................ 1
1.4 Scientific and Technical Information .................................................................................................. 1
ITEM 2: CAUTIONARY NOTES .................................................................................................................. 1
2.1 Cautionary Note Regarding Forward Looking Statements and Forward Looking Information .............. 1
2.2 Cautionary Note to United States Investors Regarding Classification of Mineral Resource Estimates... 4
2.3 Non-GAAP Measures ........................................................................................................................ 4
ITEM 3: CORPORATE STRUCTURE ......................................................................................................... 6
3.1 Name, Address and Incorporation ...................................................................................................... 6
3.2 Inter-corporate Relationships.............................................................................................................. 6
ITEM 4: GENERAL DEVELOPMENT OF THE BUSINESS ...................................................................... 6
4.1 Overview ........................................................................................................................................... 6
4.2 Three Year History ............................................................................................................................ 7
ITEM 5: DESCRIPTION OF THE BUSINESS ............................................................................................. 9
ITEM 6: COFFEE PROJECT ...................................................................................................................... 10
6.1 Current Technical Report ................................................................................................................. 10
6.2 Project Description, Location and Access ......................................................................................... 10
6.3 History ............................................................................................................................................ 11
6.4 Geological Setting, Mineralization and Deposit Types ...................................................................... 12
6.5 Exploration and Drilling................................................................................................................... 13
6.6 Sampling and Analysis..................................................................................................................... 14
6.7 Mineral Processing and Metallurgical Testing .................................................................................. 19
6.8 Mineral Resources and Mineral Reserves ......................................................................................... 20
6.9 Capital and Operating Costs ............................................................................................................. 23
6.10 Preliminary Economic Assessment ................................................................................................... 24
6.11 Exploration, Development and Production........................................................................................ 26
ITEM 7: RISK FACTORS............................................................................................................................ 28
ITEM 8: DIVIDENDS................................................................................................................................... 35
ITEM 9: DESCRIPTION OF CAPITAL STRUCTURE ............................................................................. 35
9.1 Common Shares............................................................................................................................... 35
9.2 Preferred Shares............................................................................................................................... 35
9.3 Series 1 Convertible Preferred Shares ............................................................................................... 35
ITEM 10: MARKET FOR SECURITIES ...................................................................................................... 36
10.1 Trading Price and Volume................................................................................................................ 36
10.2 Prior Sales ....................................................................................................................................... 36
ITEM 11: ESCROWED SECURITIES AND SECURITIES SUBJECT TO CONTRACTUAL
RESTRICTION ON TRANSFER ................................................................................................. 37
ITEM 12: DIRECTORS AND OFFICERS .................................................................................................... 37
12.1 Name and Occupation ...................................................................................................................... 37
12.2 Conflicts of Interest.......................................................................................................................... 40
i
ITEM 13: LEGAL PROCEEDINGS AND REGULATORY ACTIONS ...................................................... 40
ITEM 14: INTEREST OF MANAGEMENT AND OTHERS IN MATERIAL TRANSACTIONS ............. 40
ITEM 15: TRANSFER AGENT AND REGISTRAR .................................................................................... 41
ITEM 16: MATERIAL CONTRACTS .......................................................................................................... 41
ITEM 17: INTERESTS OF EXPERTS .......................................................................................................... 41
ITEM 18: AUDIT AND CORPORATE RISK COMMITTEE...................................................................... 42
18.1 The Audit and Corporate Risk Committee Charter ............................................................................ 42
18.2 Composition of Audit and Corporate Risk Committee ...................................................................... 42
18.3 Relevant Education and Experience.................................................................................................. 42
18.4 Reliance on Certain Exemptions....................................................................................................... 43
18.5 Audit and Corporate Risk Committee Oversight ............................................................................... 43
18.6 Pre-Approval Policies and Procedures .............................................................................................. 43
18.7 External Audit Service Fees (By Category)....................................................................................... 43
ITEM 19: ADDITIONAL INFORMATION .................................................................................................. 43
SCHEDULE “A” – Audit and Corporate Risk Committee Charter
ii
ITEM 1: PRELIMINARY NOTES
1.1 Effective Date of Information
References to “Fuerte Metals Corporation”, “Fuerte”, the “Company”, the “Corporation”, the “Issuer”, “its”,
“our” and “we”, or related terms in this Annual Information Form (“AIF”), refer to Fuerte Metals Corporation and
include, where the context requires, its subsidiaries.
All information contained in this AIF is as at December 31, 2025, unless otherwise stated.
1.2 Financial Statements and Management Discussion and Analysis
This AIF should be read in conjunction with the Company’s audited consolidated annual financial statements for the
year ended December 31, 2025 (the “Financial Statements”), as well as the accompanying Management’s Discussion
and Analysis (“MD&A”) for such period. The Financial Statements and MD&A are available on the System for
Electronic Document Analysis and Retrieval (“SEDAR+”) at www.sedarplus.ca under the Company’s profile.
1.3 Currency
All references to “$” or “dollars” in this AIF are to United States dollars, unless otherwise expressly stated. References
to “C$” are to Canadian dollars.
1.4 Scientific and Technical Information
Unless otherwise indicated, scientific and technical information in this AIF relating to the Company’s mineral property
has been reviewed and approved by Denis Flood, Chief Operating Officer of the Company and a “Qualified Person”
(“QP”) as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).
ITEM 2: CAUTIONARY NOTES
2.1 Cautionary Note Regarding Forward Looking Statements and Forward Looking Information
Information and statements contained in this AIF that are not historical facts are forward-looking information or
forward-looking statements within the meaning of Canadian securities legislation (hereinafter collectively referred to
as “forward-looking statements”) that involve risks and uncertainties. This AIF contains forward-looking statements
such as estimates and statements that describe the Company’s future plans, objectives or goals, including words to the
effect that the Company or management expects a stated condition or result to occur. Examples of forward-looking
statements in this AIF include, but are not limited to, statements with respect to:
• the estimates of mineral resources for the Company’s Coffee Project (the “Coffee Project” or “Coffee”);
• outlook for the Coffee Project pertaining to exploration and development activities;
• the preliminary economic assessment for the Coffee Project including anticipated production, planned mine
life, operating costs, cash costs, all-in sustaining costs, capital costs, cash flow and closure costs;
• the anticipated timing of a decision to proceed with construction of the Coffee Project;
• anticipated royalties and the expectation that royalties will be repurchased;
• the sensitivity of Coffee Project economics to gold prices;
• the Company’s ability to comply with permitting and regulatory requirements related to exploration,
development and operation of its mineral projects;
• the Company’s planned exploration and development activities;
• the Company’s ability to meet the payment requirements for maintenance of each of its mineral claims;
• the Company’s access to the surface lands overlying its mineral claims;
1
• the Company’s ability to obtain all necessary permits for mine construction and operation at the Coffee
Project and the timing to obtain such permits;
• the adequacy of the mineral processing scheme developed on the basis of metallurgical investigations carried
out at the Company’s projects;
• the Company’s plans to build and operate a mine at the Coffee Project, including the timing thereof and any
associated expenditures;
• the design of any mining operations;
• the Company’s ability to manage and/or mitigate any environmental and/or social risks associated with the
development of the Company’s Coffee Projec

[Excerpt trimmed for readability. Open the original source for the complete filing or document.]