Four Diamond Drill Rigs and up to 35,000m of Regional Drilling Planned for 2023 Tesla Drilling Already Underway Ahead of Winter Drill Program Increased Drilling Capacity to Further Unlock Potential District Scale Opportunity Long Lead-Time Items Procured at Prices In-Line with Feasibility Study Estimates Foran Mining Corp. is pleased to announce [...]
Foran Mining Corp. is pleased to announce that certain entities controlled by Fairfax Financial Holdings Limited have exercised its Warrants in advance of the expiration date. As part of a C$100 million private placement , completed on August 6, 2021, Fairfax acquired 27,777,778 common shares of the Company , 27,777,778 non-voting shares of the [...]
Wedge Hole Intercepts 6.2% Copper Equivalent over 11.9 metres Step-out Hole 200m Along Strike Appears to Intersect Tesla Zone - Assays Pending Foran Mining Corp. is pleased to announce additional results from drilling at the recently discovered Tesla Zone on its McIlvenna Bay Project in Saskatchewan. Results in this release include remaining [...]
Foran Mining Corp. is pleased to announce it has entered into a non-binding term sheet with Ontario Teachers' Pension Plan Board , which contemplates a transaction that, if completed, would have Ontario Teachers' invest up to C$200M in the McIlvenna Bay project. The parties are now under exclusivity and intend to enter into definitive documentation [...]
Foran Mining Corp. is pleased to announce an agreement with Sandvik to supply initial underground equipment for development at its 100%-owned McIlvenna Bay project in Saskatchewan. The initial equipment order includes battery electric underground drills, trucks, and loaders that will be used for the mine's development and production activities. As [...]
Foran Mining Corp. is pleased to provide assay results from 14 holes drill on the Company's 100%-owned Bigstone Project. Drilling focused on both the Bigstone deposit and the Marconi prospect which is located 500 m to the east. Together, these targets represent a large prospective copper, zinc, and gold mineralizing system that will be the focus of [...]
Foran Mining Corp. is pleased to announce partial assay results from diamond drill hole TS-22-03 at the near-mine Tesla target, on its 100%-owned McIlvenna Bay Project in Saskatchewan. Key Highlights: ~200 m of continuous massive and disseminated sulphides intersected, including chalcopyrite and sphalerite. Initial assay results include: 12.4m at [...]
Foran Mining Corp. is pleased to announce the grand opening of its Saskatchewan Head Office. The Company's office in Saskatoon will be the operating headquarters supporting all in-province initiatives at its 100%-owned McIlvenna Bay development project and surrounding properties. The company held an event at its office yesterday hosting provincial [...]
Foran Mining Corp. is pleased to announce the receipt of its initial Approval to Operate Permit for its advanced exploration decline program at its 100%-owned McIlvenna Bay project in Saskatchewan. The Approval to Operate Permit allows the Company to operate pollutant control facilities for water and waste rock. Water pumped out of the decline will [...]
Foran Mining Corp. is pleased to announce the voting results from the Company's annual general & special meeting of shareholders held on May 26th, 2022. A total of 74,293,946 common shares of the Company were represented at the AGSM, representing 35.21% of the Company's outstanding common shares as at the record date of April 13th, 2022 [...]
Foran Mining Corp. is pleased to announce the appointment of Gilbert Lamarche as Vice President, Technical Services effective immediately. Mr. Lamarche has over 20 years of experience in the mining industry in both technical services and operational capacities. He is a seasoned leader who has managed large teams across multiple jurisdictions in [...]
Foran Mining Corp. is pleased to announce it has filed a technical report for the McIlvenna Bay Feasibility Study in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects. The Report dated April 14, 2022 entitled "Technical Report on the Feasibility Study for the McIlvenna Bay Project, Saskatchewan Canada" has [...]