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Fidelity Minerals Corp. (TSXV:FMN) – Becoming Peru’s Premier Project Generator

We are initiating coverage on Fidelity Minerals Corp. (TSXV:FMN) with a BUY (Speculative) rating and no target price. This project generator has a unique model that aims to delineate major deposits that could attract the interest of mid-tier and major mining companies. Fidelity has a portfolio of four key assets in Peru, and is currently focused on progressing its two most advanced projects – Greater Las Huaquillas (GLH) and Las Brujas. Fidelity is also looking to opportunistically expand its project portfolio with accretive acquisitions. With a stable of high-quality projects to advance and in-house expertise in Peru, we believe Fidelity has strategically positioned itself to benefit from a growing appetite for new, prospective projects in the North Andean Copper Belt.

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