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Fitzroy Minerals raises C$1.56M from warrant exercise to fund Chile copper projects

Company Fundamentals
01 Oct 2026
TheNewswire
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Bullish
Fitzroy Minerals raises C$1.56M from warrant exercise to fund Chile copper projects

Fitzroy Minerals announced that holders of nearly 99% of its warrants from a 2024 private placement exercised them, raising approximately C$1.56 million. This funding strengthens the company’s financial position to advance exploration and development at its Buen Retiro and Caballos copper projects in Chile. Additionally, Fitzroy granted 4.2 million stock options to directors, officers, and consultants, supporting its long-term growth strategy. The company is now well positioned to accelerate its work programs despite recent market volatility.

Fitzroy Minerals' recent warrant exercise raised about C$1.56 million, providing context for the Basic Materials sector on Pluang. As of Oct 01, 2026 17:01 WIB, of 38 priced Basic Materials-sector US stocks, 18 rose and 19 fell. Southern Copper Corp (SCCO) traded at USD 199.87 with a 1-day change of -1.37%, Lithium Americas Corp (LAC) at USD 2.66 rose by 1.14%, and Vale SA (VALE) at USD 13.27 fell by 1.04%. Typical hold times varied from 26 days for LAC to 108 days for VALE, with notable Pluang order activity showing LAC heavily sold (99% Sell) compared to SCCO's more balanced 51% Sell / 49% Buy.

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