Fortuna Mining Corp. has announced it will form an exploration alliance and joint venture with DeSoto Resources Limited, an Australian-listed gold exploration company, to target new gold discoveries in Guinea's Siguiri Basin. Under the binding Heads of Agreement, the companies will collaborate to identify and acquire new exploration permits in the region. A new joint venture company will be established, with Fortuna holding a 70% stake and DeSoto 30% upon the identification of significant projects. Fortuna will solely fund exploration activities up to US$12.5 million or for three years, whichever is longer. The partnership aims to capitalize on the Siguiri Basin's potential for multi-million-ounce gold deposits.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fortuna Mining Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9538853-en) on October 02, 2025, and is solely responsible for the information contained therein.