<SEC-DOCUMENT>0001104659-25-118033.txt : 20251203
<SEC-HEADER>0001104659-25-118033.hdr.sgml : 20251203
<ACCEPTANCE-DATETIME>20251203115952
ACCESSION NUMBER:		0001104659-25-118033
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20251203
FILED AS OF DATE:		20251203
DATE AS OF CHANGE:		20251203

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FORTUNA MINING CORP.
		CENTRAL INDEX KEY:			0001341335
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		ORGANIZATION NAME:           	01 Energy & Transportation
		EIN:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35297
		FILM NUMBER:		251545583

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		1111 MELVILLE STREET, SUITE 820
		CITY:			VANCOUVER
		PROVINCE COUNTRY:   	A1
		ZIP:			V6E 3V6
		BUSINESS PHONE:		604-484-4085

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		1111 MELVILLE STREET, SUITE 820
		CITY:			VANCOUVER
		PROVINCE COUNTRY:   	A1
		ZIP:			V6E 3V6

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FORTUNA SILVER MINES INC
		DATE OF NAME CHANGE:	20051013
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<DESCRIPTION>FORM 6-K
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Form&nbsp;6-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE 13a-16 OR<BR>
 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">For the month of <U>December&nbsp;2025</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Commission File Number <U>001-35297</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>Fortuna Mining Corp.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Translation of registrant&rsquo;s name into English)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>1111 Melville Street, Suite&nbsp;820, Vancouver,
British Columbia, Canada V6E 3V6</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of principal executive office)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the registrant files or will file annual
reports under cover of Form&nbsp;20-F or Form&nbsp;40-F.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">FORM&nbsp;20-F
 &nbsp;&nbsp;</FONT><FONT STYLE="font-family: Wingdings">&uml;&#9;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">FORM&nbsp;40-F
 &nbsp;<FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">Date: December 3, 2025</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt"><B>Fortuna Mining Corp.</B><BR>
 (Registrant)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 47%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ &quot;<I>Jorge Ganoza Durant</I>&quot;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Jorge Ganoza Durant</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">President and CEO</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Exhibits:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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    <TD STYLE="width: 5%">&nbsp;</TD>
  <TD STYLE="width: 8%"><A HREF="tm2532679d1_ex99-1.htm" STYLE="-sec-extract: exhibit"><B>99.1</B></A></TD>
  <TD STYLE="width: 87%"><A HREF="tm2532679d1_ex99-1.htm" STYLE="-sec-extract: exhibit"><B>News Release dated December&nbsp;3, 2025</B></A></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>tm2532679d1_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0"><B>Exhibit 99.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="tm2532679d1_ex99-1img001.jpg" ALT=""></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #0050a0"><B>NEWS RELEASE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Fortuna Awards the S&eacute;gu&eacute;la Mine
Plant Expansion Study, C&ocirc;te d&rsquo;Ivoire</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Vancouver,
December&nbsp;3, 2025 -&nbsp;Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) </B></FONT>is pleased to announce that Lycopodium Minerals Canada
Ltd. has been selected to undertake S&eacute;gu&eacute;la&rsquo;s Processing Plant Expansion Options Study (the &ldquo;Study&rdquo;),
supporting Fortuna&acute;s next phase of growth in C&ocirc;te d&rsquo;Ivoire.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Key Highlights</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>The
                                            Company recently reported:</TD></TR></TABLE>

<P STYLE="font: 1pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">o</FONT></TD><TD><U>Fortuna
                                            Expands Mineral Reserves and Mineral Resources for the S&eacute;gu&eacute;la Mine, C&ocirc;te
                                            d&rsquo;Ivoire.</U></TD></TR></TABLE>

<P STYLE="font: 1pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">o</FONT></TD><TD>Reserve
                                            life of mine extended to 7.5 years.</TD></TR></TABLE>

<P STYLE="font: 1pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">o</FONT></TD><TD STYLE="text-align: justify">Completion
                                            of the underground mining study, supporting the potential conversion of up to 3.6 Mt averaging
                                            4.34 g/t containing 502,000 gold ounces of Sunbird Indicated Mineral Resources into Mineral
                                            Reserves, is expected in December&nbsp;2025.</TD></TR></TABLE>

<P STYLE="font: 1pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Assessment
                                            of expansion options aimed at increasing processing plant throughput by 15 to 40 percent.</TD></TR></TABLE>

<P STYLE="font: 1pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 1pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 1pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Completion
                                            of the plant expansion feasibility study planned for the second quarter of 2026.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Jorge A. Ganoza, President and CEO, commented,
 &ldquo;Initiating the S&eacute;gu&eacute;la plant expansion study is a key step in unlocking the next phase of growth for the mine and
fully capturing the opportunities created by our exploration success.&rdquo; Mr.&nbsp;Ganoza continued, &ldquo;Awarding the study to
Lycopodium reflects our confidence in their deep understanding of S&eacute;gu&eacute;la and their ability to deliver practical, innovative
solutions.&rdquo; Mr.&nbsp;Ganoza concluded, &ldquo;Together with continued progress at our Diamba Sud Gold Project in Senegal, this
work advances Fortuna toward our objective of achieving approximately 500,000 ounces of annual gold equivalent production within the
next three years.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Processing Plant Expansion Options Study</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Study will evaluate practical and cost-effective
solutions to increase S&eacute;gu&eacute;la&rsquo;s processing plant throughput beyond its current 1.75 Mtpa capacity to between 2.0
and 2.5 Mtpa, while optimizing metallurgical performance to unlock its full production potential, targeting more than 200,000 ounces
of gold per year. This growth initiative supports Fortuna&rsquo;s strategic objective to maximize value from the S&eacute;gu&eacute;la
Mine and to accommodate resource growth, including the potential future inclusion of underground mineralization from the Sunbird deposit
into the mine plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Lycopodium brings unparalleled expertise to this
project, having designed, built, and commissioned S&eacute;gu&eacute;la&rsquo;s processing plant. Their proven execution track record
in West African gold projects and their robust technical approach ensure a comprehensive assessment of expansion scenarios, including
capital and operating cost estimates, risk analysis, and implementation planning.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2532679d1_ex99-1img001.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Study is scheduled to commence immediately,
with completion targeted within the second quarter of 2026. Fortuna looks forward to working closely with Lycopodium to advance this
important organic growth initiative.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Qualified Person</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Raul Espinoza, Director of Technical Services,
is a Fellow of the Australasian Institute of Mining and Metallurgy and is registered as a Chartered Professional in Mining - FAusIMM
(CP) with Membership Registration # 309581 and a Qualified Person as defined by National Instrument 43-101- Standards of Disclosure for
Mineral Projects. Mr.&nbsp;Espinoza has reviewed and approved the scientific and technical information contained in this news release
and has verified the underlying data.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>About Fortuna Mining Corp.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Fortuna
Mining Corp. is a Canadian precious metals mining company with three operating mines and a portfolio of exploration projects in Argentina,
C&ocirc;te d'Ivoire, Mexico, and Peru, as well as the Diamba Sud Gold Project in Senegal. Sustainability is at the core of our operations
and stakeholder relationships. We produce gold and silver while creating long-term shared value through efficient production, environmental
stewardship, and social responsibility. For more information, please visit our </FONT>website at <U>www.fortunamining.com</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">ON BEHALF OF THE BOARD</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Jorge
A. Ganoza</B></FONT><BR>
President, CEO, and Director<BR>
Fortuna Mining Corp.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Investor
Relations:</B></FONT><BR>
<B>Carlos Baca</B>&nbsp;|&nbsp;info@fmcmail.com&nbsp;|&nbsp;fortunamining.com&nbsp;|&nbsp;<B>X</B>&nbsp;|&nbsp;<B>LinkedIn</B>&nbsp;|&nbsp;<B>YouTube</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Forward-looking Statements</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>This news release contains forward-looking
statements which constitute &ldquo;forward-looking information&rdquo; within the meaning of applicable Canadian securities legislation
and &ldquo;forward-looking statements&rdquo; within the meaning of the &ldquo;safe harbor&rdquo; provisions of the Private Securities
Litigation Reform Act of 1995 (collectively, &ldquo;Forward-looking Statements&rdquo;). All statements included herein, other than statements
of historical fact, are Forward-looking Statements and are subject to a variety of known and unknown risks and uncertainties which could
cause actual events or results to differ materially from those reflected in the Forward-looking Statements. The Forward-looking Statements
in this news release may include, without limitation, the Company&rsquo;s expectations regarding the expansion of processing plant capacity
and a potential increase in annual gold production at S&eacute;gu&eacute;la; statements regarding projected resource growth, including
the potential future inclusion of underground mineralization for the Sunbird deposit into the mine plan; the Company&rsquo;s expectations
regarding its estimated annual gold equivalent production growth objective; the expected timeline for completion of the Study; the life
of mine estimate for the S&eacute;gu&eacute;la Mine; statements regarding the potential conversion of Indicated Mineral Resources into
Mineral Reserves at Sunbird and the expected timing thereof; Mineral Resource and Mineral Reserve estimates; the Company&rsquo;s proposed
exploration plans and objectives; statements about the Company&rsquo;s business strategies, plans and outlook; the Company&rsquo;s plans
for its mines and mineral properties; changes in general economic conditions and financial markets; the impact of inflationary pressures
on the Company&rsquo;s business and operations; the future results of exploration activities; expectations with respect to metal grade
estimates and the impact of any variations relative to metals grades experienced; assumed and future metal prices; the merit of the Company&rsquo;s
mines and mineral properties; and the future financial or operating performance of the Company. Often, but not always, these Forward-looking
Statements can be identified by the use of words such as &ldquo;estimated&rdquo;, &ldquo;potential&rdquo;, &ldquo;open&rdquo;, &ldquo;future&rdquo;,
 &ldquo;assumed&rdquo;, &ldquo;projected&rdquo;, &ldquo;proposed&rdquo;, &ldquo;used&rdquo;, &ldquo;detailed&rdquo;, &ldquo;has been&rdquo;,
 &ldquo;gain&rdquo;, &ldquo;planned&rdquo;, &ldquo;reflecting&rdquo;, &ldquo;will&rdquo;, &ldquo;anticipated&rdquo;, &ldquo;estimated&rdquo;
 &ldquo;containing&rdquo;, &ldquo;remaining&rdquo;, &ldquo;to be&rdquo;, or statements that events, &ldquo;could&rdquo; or &ldquo;should&rdquo;
occur or be achieved and similar expressions, including negative variations.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Forward-looking Statements involve known and
unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be
materially different from any results, performance or achievements expressed or implied by the Forward-looking Statements. Such uncertainties
and factors include, among others, operational risks associated with mining and mineral processing; uncertainty relating to Mineral Resource
and Mineral Reserve estimates; uncertainty relating to capital and operating costs, production schedules and economic returns; risks
relating to the Company&rsquo;s ability to replace its Mineral Reserves; risks related to the conversion of Mineral Resources to Mineral
Reserves; risks associated with mineral exploration and project development; uncertainty relating to the repatriation of funds as a result
of currency controls; environmental matters including obtaining or renewing environmental permits and potential liability claims; uncertainty
relating to nature and climate conditions;&nbsp;laws and&nbsp;regulations regarding the protection of the environment (including greenhouse
gas emission reduction and other decarbonization requirements and the uncertainty surrounding the interpretation of omnibus Bill C-59
and the related amendments to the Competition Act (Canada); risks associated with political instability and changes to the regulations
governing the Company&rsquo;s business operations; changes in national and local government legislation, taxation, controls, regulations
and political or economic developments in countries in which the Company does or may carry on business; risks associated with war, hostilities
or other conflicts, such as the Ukrainian &ndash; Russian, and Israeli &ndash; Hamas conflicts, and the impacts they may have on global
economic activity; risks relating to the termination of the Company&rsquo;s mining concessions in certain circumstances; developing and
maintaining relationships with local communities and stakeholders; risks associated with losing control of public perception as a result
of social media and other web-based applications; potential opposition to the Company&rsquo;s exploration, development and operational
activities; risks related to the Company&rsquo;s ability to obtain adequate financing for planned exploration and development activities;
property title matters; risks related to the ability to retain or extend title to the Company&rsquo;s mineral properties; risks relating
to the integration of businesses and assets acquired by the Company; impairments; risks associated with climate change legislation; reliance
on key personnel; adequacy of insurance coverage; operational safety and security risks; legal proceedings and potential legal proceedings;
uncertainties relating to general economic conditions; risks relating to a global pandemic, which could impact the Company&rsquo;s business,
operations, financial condition and share price; competition; fluctuations in metal prices; risks associated with entering into commodity
forward and option contracts for base metals production; fluctuations in currency exchange rates and interest rates; tax audits and reassessments;
risks related to hedging; uncertainty relating to concentrate treatment charges and transportation costs; sufficiency of monies allotted
by the Company for land reclamation; risks associated with dependence upon information technology systems, which are subject to disruption,
damage, failure and risks with implementation and integration; labor relations issues; as well as those factors discussed under &ldquo;Risk
Factors&rdquo; in the Company&rsquo;s Annual Information Form&nbsp;for the fiscal year ended December&nbsp;31, 2024. Although the Company
has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described
in Forward-looking Statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated
or intended.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2532679d1_ex99-1img001.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Forward-looking Statements contained herein
are based on the assumptions, beliefs, expectations and opinions of management, including, but not limited to, the accuracy of the Company&rsquo;s
current Mineral Resource and Mineral Reserve estimates; that the Company&rsquo;s activities will be conducted in accordance with the
Company&rsquo;s public statements and stated goals; that there will be no material adverse change affecting the Company, its properties
or its production estimates (which assume accuracy of projected ore grade, mining rates, recovery timing, and recovery rate estimates
and may be impacted by unscheduled maintenance, labor and contractor availability and other operating or technical difficulties); the
duration and effect of global and local inflation; the duration and impacts of geo-political uncertainties on the Company&rsquo;s production,
workforce, business, operations and financial condition; the expected trends in mineral prices, inflation and currency exchange rates;
that all required approvals and permits will be obtained for the Company&rsquo;s business and operations on acceptable terms; that there
will be no significant disruptions affecting the Company&rsquo;s operations and such other assumptions as set out herein. Forward-looking
Statements are made as of the date hereof and the Company disclaims any obligation to update any Forward-looking Statements, whether
as a result of new information, future events, or results or otherwise, except as required by law. There can be no assurance that these
Forward-looking Statements will prove to be accurate, as actual results and future events could differ materially from those anticipated
in such statements. Accordingly, investors should not place undue reliance on Forward-looking Statements.</I></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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