Fortress Minerals Corp. (FST.V) said Friday that an insider of the company has agreed to provide a loan of C$4 million to the company at an interest rate of prime plus 2% for short-term working capital purposes.
The loan has an initial term of 6 months and may be re-paid in part or full at anytime without penalty.
As a condition of the loan, the lender will receive a bonus payment of 1,052,631 shares of Fortress, subject to regulatory approval. These shares will be subject to a four month and one day hold period.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.