Foran Mining Corp. is pleased to announce the successful completion of its previously announced C$100.0 million private placement . The Offering consisted of 20,270,300 common shares of the Company at an issue price of C$3.70 per Common Share, for gross proceeds of C$75,000,110; and 4,417,000 Common Shares with each such Common Share to be issued as a "flow-through share" within the meaning of the Income Tax Act at an [...]
Foran Mining Corp. is pleased to announce that in connection with the proposed private placement announced on March 13, 2023 and March 14, 2023, the Company has entered into an amending agreement with Eight Capital, Goldman Sachs Canada Inc., and PI Financial Corp., as co-lead agents and joint bookrunners, on behalf of a syndicate of agents , to increase the size of the Offering from C$75.0 million to C$100.0 million. The [...]
Foran Mining Corp. is pleased to announce Goldman Sachs Canada Inc. has been added as a co-lead agent and joint bookrunner to the Company's recently announced proposed private placement for aggregate gross proceeds of up to C$75,000,540 . Goldman Sachs will join Eight Capital and PI Financial Corp. as co-lead agents and joint bookrunners, on behalf of a syndicate of agents . As previously announced on March 13, 2023, the [...]
Foran Mining Corp. is pleased to announce that it has entered into an agreement with Eight Capital and PI Financial Corp., as co-lead agents and joint bookrunners, on behalf of a syndicate of agents pursuant to which the Company has launched a proposed private placement for aggregate gross proceeds of up to C$75,000,540. The Offering will consist of up to 13,513,600 common shares of the Company at an issue price of C$3.70 [...]
Highlight Intercepts Include 3.58% CuEq over 16.9m and 2.61% CuEq over 32.1m Strike Length Now 400m and Remains Open in All Directions New Lower Zone Discovered in Footwall with Notable Gold Assays Fourth Drill Rig Deployed To Accelerate Winter Drill Program Foran Mining Corp. is pleased to announce assay results from two additional holes from its winter drill program at the new Tesla discovery, located approximately 300 [...]
Google Veteran Brings Valuable Technological Expertise to Critical Minerals Industry Foran Mining Corp. , is pleased to announce the appointment of Majd Bakar to its Board of Directors, as an Independent Director. Mr. Bakar brings a wealth of experience and knowledge from the technology sector to Foran's Board, spending over the past 20 years holding key positions at Google and Microsoft. As the current Vice President of [...]
Highlight Intercepts Include 4.04% Copper Equivalent over 17.4 Metres Tesla Strike Length Now Extended to 300m, Remains Open in All Directions Assays Pending for Two Holes Intersecting Sulphides Three Drill Rigs Now at Tesla Foran Mining Corp. is pleased to announce initial drill results from its winter drill program at the new Tesla discovery, located approximately 300 metres north of Foran's McIlvenna Bay Deposit in [...]
Foran Mining Corp. announces that, in accordance with its Long-Term Performance Incentive Plan and the policies of the TSX Venture Exchange, the Company has granted a total of 1,760,000 stock options , 150,000 deferred share units and 115,000 restricted share units to certain directors, officers, employees and consultants of the Company. Each Option is exercisable into one common share of the Company at an exercise price [...]
Foran Mining Corp. is pleased to announce the closing of a US$150 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. Dan Myerson, Foran's Executive Chairman & CEO, commented, "Over the past 18 months, we have [...]
Foran Mining Corp. is pleased to announce the appointment of Ms. Terri Uhrich as Vice President, Legal and General Counsel, effective immediately. Ms. Uhrich has over 20 years of legal professional experience in both public and private sectors, including the mining industry within Saskatchewan. From 2011 to 2018, Terri was General Counsel and Chief Compliance Officer at K+S Potash Canada GP providing strategic, legal and [...]
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 details of its expanded 2023 exploration program at its McIlvenna Bay project [...]
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 Company and 16,000,000 warrants of the Company . Each Warrant entitled Fairfax [...]
