03:40 AM EDT, 06/12/2025 (MT Newswires) -- Fortuna Mining ( FSM ) said late Wednesday it has acquired about 15 million shares of Awale Resources, a mineral exploration company which owns properties in the Ivory Coast's Odienne Project, for $6 million.

The acquisition gives Fortuna 15% of Awale's shares, the company said. The shares were acquired in a non-brokered private placement at $0.399 each.

Paul Weedon, senior vice president of exploration at Fortuna, said the investment in Awale "strengthens Fortuna's exploration pipeline" in the Ivory Coast.