Fuerte Metals to acquire Coffee Project in Yukon from Newmont Corporation for $150m.

Fuerte Metals, a resource company focused on copper and precious metals projects, agreed to acquire Coffee Project in Yukon from Newmont Corporation, a mining company, for $150m. “The sale of the Coee Project reects our ongoing eorts to streamline the portfolio and sharpen our focus on core operations. Throughout the process, we were committed to identifying a buyer who shares our values and can develop the Coee project in a socially and environmentally conscious manner. We are pleased to be selling this asset to Fuerte and have full condence in their ability to honor agreements and relationships with the First Nations partners and other stakeholders that are connected to the project,” Tom Palmer, Newmont CEO.