Fortuna Mining Renews NCIB to Repurchase Up to 5% of Shares

Fortuna Mining Corp. announced its Board of Directors approved the renewal of its normal course issuer bid (NCIB) to repurchase up to five percent of its outstanding common shares. This translates to an aggregate of up to 15,227,869 common shares, representing five percent of the 304,557,387 shares outstanding as of April 10, 2026. The NCIB will commence on May 4, 2026, and is set to expire on the earlier of May 3, 2027, or when the maximum number of shares is acquired. The company believes its shares are trading at market prices that do not adequately reflect their underlying value, making the buyback an appropriate use of corporate funds.