Fuerte Metals

What Fuerte Metals does

Fuerte Metals Corporation, renamed Talamore Mining Corp. effective June 8, 2026, is a Canadian mineral exploration and development company publicly listed on the TSX Venture Exchange (formerly FMT, now TALA) and OTCQB (FUEMF). The company was originally formed from the business combination of Atacama Copper Corporation and TCP1 Corporation in 2025, and is headquartered in Whitehorse, Yukon, with a secondary office in Toronto. Despite its copper-origin branding, the company's strategic focus has shifted decisively to gold following the October 2025 acquisition of the Coffee Gold Project in Yukon from Newmont Corporation for approximately US$115 million (US$10 million cash, US$40 million shares, and assumption of a US$65 million note payable).

The company's project portfolio spans three jurisdictions across the Americas. The flagship Coffee Gold Project is an advanced-stage, open-pit heap-leach gold project with 3.0 million ounces in Measured and Indicated Resources and 0.8 million ounces in Inferred Resources, expected to produce 249,000 ounces per year for the first five years and 217,000 ounces per year over a 13-year mine life. A Preliminary Economic Assessment filed in February 2026 estimated an after-tax NPV(5%) of US$2.3 billion and IRR of 47.8% at consensus gold prices, with all-in sustaining costs of US$1,274 per ounce placing the project in the second quartile of global producers. Additional earlier-stage projects include the Cristina gold project in Chihuahua, Mexico; the Yecora copper project in Sonora, Mexico; and the Placeton porphyry copper-gold project in Chile.

Fuerte/Talamore operates as a pre-revenue development company. Its current capital strategy is to advance Coffee Gold from feasibility through permitting to a construction decision targeted for early 2027, supported by strategic investments from Agnico Eagle Mines (approximately 8.12% stake) and Newmont (approximately 19.5% stake, reduced from 24%). Total capital raised in 2025 reached approximately C$98 million across a subscription receipt offering, a brokered private placement, a flow-through private placement, and Agnico Eagle's strategic investment. Future revenue will derive from sale of extracted gold into commodity markets, with no current commercial revenue stream.

Name

Fuerte Metals

Legal name

Fuerte Metals Corporation

Website

https://atacamacopper.ca

Company type

Public

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

Canadian exploration and development company advancing the Coffee Gold Project in Yukon, Canada, with additional earlier-stage copper-gold assets in Mexico and Chile, backed by strategic investors Newmont (19.5%) and Agnico Eagle (8.12%).

Ownership category

akta.pro rank

Product category

Gold Mining and Exploration

NAICS

Iron Ore Mining (212210), Nonferrous Metal (except Aluminum) Smelting and Refining (33141)

SIC

Gold And Silver Ores (1040), Miscellaneous Metal Ores (1090), Wholesale-Metals & Minerals (No Petroleum) (5050)

akta.pro primary industry

Precious Metals Smelting & Refining (IMAKAEAE)

akta.pro secondary industry

Industrial Minerals Trading (Phosphate, Potash, Sulfur, Borates, Barite, Talc) (IMAKAJAF)

Keywords

• Gold exploration
• Gold mining development
• Mineral property exploration
• Precious metals projects
• Heap leach mining

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Infrastructure, Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. Gold Production and Sales: The company is developing the Coffee Gold Project to become a gold producer. Expected to produce 249,000 ounces of gold per year in the first five years and 217,000 oz/year over the 13-year mine life, generating revenue through the sale of extracted gold.
2. Project Development and Asset Monetization: The company generates value through exploration and development of mineral assets, with plans to advance projects through feasibility, permitting, and construction to production or potential sale/partnership.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Fuerte Metals Corporation (now Talamore Mining Corp.) is a Canadian mineral exploration and development company advancing a portfolio of precious and base metal projects across the Americas. Its flagship asset is the Coffee Gold Project in Yukon, Canada — an advanced-stage open-pit heap-leach gold project — supplemented by earlier-stage exploration projects in Mexico (Cristina, Yecora) and Chile (Placeton). The company is positioning itself as one of Canada's next gold producers, targeting a construction decision in early 2027.

Product overview

Fuerte Metals Corporation (now Talamore Mining Corp) is a Canadian exploration and development company operating a portfolio of precious metals projects across the Americas. The company's flagship asset is the Coffee Gold Project in Yukon, Canada, an advanced-stage gold project nearing a construction decision, with additional exploration assets in Mexico (Cristina and Yecora projects) and Chile (Placeton project). The company operates as a single-product-focused mining development company with its primary value driver being the Coffee Gold Project, supplemented by earlier-stage exploration properties.

Differentiator

Problem solved

Functional benefit

Products and services

• Coffee Gold Project Advanced-stage gold exploration and development project located in Yukon, Canada, designed as a high-grade open-pit heap-leach mine with 3.0 Moz Measured and Indicated resources and 0.8 Moz Inferred resources, expected to produce 249,000 oz/year in the first five years over a 13-year mine life. Targeted at institutional investors, strategic mining partners, and potential acquirers; positioned to become one of Canada's next major gold producers.
• Cristina Project Earlier-stage gold exploration project located in Chihuahua, Mexico, with significant gold equivalent intercepts returned from drilling programs. Part of the company's Latin American exploration portfolio targeting potential future development.
• Yecora Project Earlier-stage copper exploration project located in Sonora, Mexico, forming part of the company's Latin American portfolio of base and precious metals projects.
• Placeton Project Earlier-stage copper-gold exploration project located in Chile, with identified porphyry copper-gold targets confirmed through geophysical surveys. Part of the company's Latin American exploration portfolio.

Quantifiable outcome

• US$2.3 billion after-tax NPV(5%) and 47.8% IRR at consensus gold prices
• +3 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered major and core.

• Cobalt Construction Inc.majorImplementation/ SI/ Consulting Partner · 4 March 2026Fuerte Metals awarded a C$77 million construction contract to Cobalt Construction Inc. for the Northern Access Route at the Coffee Gold Project. The 214 km all-season gravel road will connect the project to the City of Dawson and Yukon highway network, with construction expected to begin once permits are issued.
• G Mining ServicescoreImplementation/ SI/ Consulting Partner · 15 December 2025Fuerte Metals partnered with G Mining Services to lead feasibility studies and mine construction for the Coffee Gold Project. G Mining Services is engaged for comprehensive project development including the Feasibility Study scheduled for completion in Q4 2026.
• WSP Global Inc.coreImplementation/ SI/ Consulting Partner · 15 December 2025Fuerte Metals partnered with WSP for economic assessments and engineering services for the Coffee Gold Project, supporting the company's path toward a construction decision in early 2027.

Scale indicators12 records

Recent moves7 records

Expansion highlights6 records

Emerging players

• Snowline Gold Corp: Yukon-focused gold explorer advancing the Rogue Project in the Tintina Gold Belt; smaller and earlier-stage than Fuerte but operating in the same Yukon jurisdiction and gold belt.

Direct peers

• Troilus Gold Corp: Quebec-based developer of the Troilus Gold-Copper Project, a Canadian advanced-stage open-pit project at a similar stage of permitting and feasibility to Coffee Gold.
• Victoria Gold Corp: Operated the Eagle Gold Mine in Yukon until its 2024 heap leach failure, making it the most directly comparable Yukon-based heap leach gold operation to Fuerte's Coffee Gold Project in terms of jurisdiction, mining method, and stage of development.
• Banyan Gold Corp: Yukon-focused gold explorer advancing the AurMac project near Mayo, with a multi-million-ounce resource and a similar exploration-to-development profile in the same jurisdiction as Coffee Gold.
• Artemis Gold Inc: British Columbia-based developer of the Blackwater Gold Project, a Canadian advanced-stage open-pit gold project with comparable scale, jurisdiction, and path-to-construction profile to Coffee Gold.

Broad incumbents

• Newmont Corporation: World's largest gold producer and prior owner of the Coffee Gold Project; retains a ~19.5% stake in Fuerte. Comparable as a global senior gold producer with direct familiarity of the asset and potential acquisition interest.
• New Gold Inc: Canadian intermediate gold producer with operating mines in Canada (Rainy River, New Afton); broadly comparable as a North America-focused intermediate gold producer with development-stage optionality.
• B2Gold Corp: Mid-tier Canadian gold producer with a portfolio of producing mines and development projects; comparable as a North America-focused intermediate gold producer that could pursue a Coffee-style advanced-stage asset.
• Agnico Eagle Mines Limited: Senior Canadian gold producer and ~8.12% strategic shareholder in Fuerte Metals; broadly comparable as a Yukon-operating gold producer (Yukon portfolio including Coffee-region assets) and a potential acquirer or financing partner.
• Alamos Gold Inc: Mid-tier Canadian gold producer with operations and development projects in Canada and Mexico; comparable as a North America-focused gold producer at a similar development-and-operating stage to Fuerte's target profile post-construction.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/TalamoreMining
• LinkedInlinkedin.com/company/talamore-mining

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Funding overview

Funding rounds4 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fuerte Metals