Foran Mining Corp. is pleased to announce a conditionally approved funding commitment of up to C$20 million from Natural Resources Canada through the Critical Minerals Infrastructure Fund , a key program under the Canadian Critical Minerals Strategy. The funding, pending final due diligence by NRCan and the execution of a definitive contribution agreement, will support eligible expenses related to the construction of the [...]
Foran Mining Corp. is pleased to share a progress update on the construction of its 100% owned McIlvenna Bay project in Saskatchewan, Canada, alongside new photos showcasing ongoing development. The images offer a detailed look at key milestones reached during October 2024 and can be viewed in the image gallery on our website at www.foranmining.com/news-media. Key October 2024 Achievements: Progressed foundation formwork [...]
Foran Mining Corp. is pleased to announce that it has entered into an Option Agreement with Voyageur Mineral Explorers Corp. to acquire a 100% interest in Voyageur's Hanson Lake property , located in east-central Saskatchewan, approximately 65 kilometres west-southwest of Flin Flon, Manitoba. The Property lies approximately 3km north of Foran's McIlvenna Bay Deposit and the Tesla Zone along a prospective geological trend [...]
Highlight Intercepts include 8.4m at 3.7% CuEq and 6.8m at 3.2% CuEq New Copper-Zinc Lens Identified in Tesla Footwall Foran Mining Corp. is pleased to announce further copper-rich assay results from two new holes drilled into the Tesla Zone, part of Foran's 100%-owned McIlvenna Bay Property in Saskatchewan. These holes were designed to infill two 200 x 300m gaps in the drill hole spacing near the southern known margins [...]
Foran Mining Corp. is pleased provide a construction update on its 100% owned McIlvenna Bay project in Saskatchewan, Canada. As of the quarter ending September 30, 2024, the project continues to advance steadily, with significant progress made across key areas of development. Key Achievements as of September 30, 2024: Safety performance remains strong with no Lost Time injuries year-to-date, and a workforce of [...]
Highlight intercepts include 31.2m at 2.7% CuEq and 3.4m at 6.6% CuEq Results Further Demonstrate the Robust Nature of Mineralization at Tesla Assays Pending from Six Additional Holes, with Further Results Expected Soon Foran Mining Corp. is pleased to announce additional assay results from the summer drill program at the Tesla Zone, part of Foran's 100%-owned McIlvenna Bay property in Saskatchewan. The infill summer [...]
Foran Mining Corp. is pleased to announce the execution of an amended and restated credit agreement and closing of its upsized US$250 million senior secured project credit facility with a fund managed by Sprott Resource Lending Corp. . Funds from the Credit Facility will be used towards construction of the McIlvenna Bay project in east-central Saskatchewan as well as general corporate purposes. Credit Facility Details The [...]
Foran Mining Corp. is pleased to share a progress update on the construction of its 100% owned McIlvenna Bay project in Saskatchewan, Canada, alongside new photos showcasing ongoing development. The images offer a detailed look at key milestones reached during August 2024 and can be viewed in the image gallery on our website at www.foranmining.com/news-media. Key August 2024 Achievements: Surface construction is advancing [...]
Geophysics and Structural Geoscience Methodically Driving Future Growth Prospects Advancements Reveal a Significant Number of Untapped Regional Opportunities Airborne Electromagnetic Survey Set to Launch Over New Denare West Property Foran Mining Corp. is pleased to provide an update on its Regional Exploration Strategy across its properties in Saskatchewan, Canada. Building on two years of detailed geophysical analysis [...]
All amounts are in Canadian dollars unless stated otherwise Foran Mining Corp. is pleased to announce that following the receipt of all requisite shareholder approvals at the special meeting of shareholders held on Monday, September 16, 2024, it has now completed the second tranche of its previously announced $360 million private placement financings , for aggregate gross proceeds of $70,950,788 . Upon closing of the [...]
Second Tranche for Gross Proceeds of $71M Expected to Close on or about September 17, 2024 All amounts are in Canadian dollars unless stated otherwise Foran Mining Corp. is pleased to announce that at a special meeting of shareholders of the Company held today , the shareholders approved the resolutions required in connection with completing the second tranche of the Company's previously announced $360 million offering [...]
Highlight intersection 22m at 5.6% CuEq New Gold and Silver-Rich Zone Identified at Tesla, Potentially Strengthening at Depth Tesla Zone now Measures 1,200m Along Strike and up to 700m Down Dip and Remains Open in All Directions Summer Drill Campaign Ongoing, Testing High Priority Regional Targets and Further Definition at Tesla Foran Mining Corp. is pleased to announce assay results from new step-out holes drilled to [...]
