01:12 PM EDT, 10/14/2025 (MT Newswires) -- Forte Minerals ( FOMNF ) was at last look down more than 7% even after announcing earlier on Tuesday the appointment of experience executive Patrick Evans as Independent Chairman, while Doug Turnbull, who has served as an Independent Director and Chair of the Compensation Committee since 2010, is stepping down from the board on "excellent terms" to pursue a new opportunity with VBKOM, an engineering company based in South Africa.

According to a statement, Evans brings over 25 years of diversified experience in mining, corporate strategy, and capital markets. Evans currently serves as Chairman of Pan Global Resources ( PGZFF ) , and previously served as CEO of Dominion Diamond Mines and Mountain Province Diamonds Inc. ( MPVDF ) . He led the sale of several companies, including Norsemont Mining Inc. (acquired by Hudbay Minerals), Weda Bay Minerals Inc. (acquired by Eramet S.A.), and Southern Platinum (acquired by Lonmin PLC).

"His strategic insight and leadership will be instrumental as Forte advances its high-quality copper and gold portfolio in Peru and continues to unlock substantial long-term value for shareholders," said President and CEO Patrick Elliott.

In mid-September, GlobeTrotters announced that it disposed of ownership of an aggregate of 1,428,000 common shares of Forte at an approximate price of $0.75 per share. In early August, Forte announced the expansion of its capital markets capabilities with strategic initiatives, including the engagement of Mills Dunlop Capital Partners as M&A and strategic advisors. Before that, Forte closed a C$5.7 million strategic placement, welcoming a long-term partner.

Forte Minerals ( FOMNF ) were last seen down by $0.06, or 7.69%, to $0.72 on the Canadian Securities Exchange.

Price: 0.72, Change: -0.06, Percent Change: -7.69