Foran Mining is pleased to report high-grade intercepts from three holes drilled during the 2021 exploration program at its 100%-owned Bigstone deposit, located 25 km southwest of its McIlvenna Bay deposit in Saskatchewan. Highlights: Hole BS-21-245 returned 9.5m of 14.0% Zn, 0.42% Cu, 76.9 g/t Ag and 0.37 g/t Au, including 0.9m of 57.2% Zn, 0.28% Cu, 24.9 g/t Ag and 0.06 g/t Au. High-grade results from hole BS-21-245 [...]
Foran Mining is pleased to announce the appointment of David K. Bernier as Chief Operating Officer, effective immediately. Mr. Bernier has over 25 years of deep operational experience gained from a series of progressively senior roles across mine design, project development, and production management at various operations in Canada. Before joining Foran, Mr. Bernier was the Canadian Country Manager for [...]
Foran Mining Corp. is pleased to announce an updated mineral resource estimate for the Company's 100%-owned McIlvenna Bay Deposit located in east-central Saskatchewan. The 2021 Resource Estimate outlines significant changes to the resource at McIlvenna Bay compared to the previous resource estimate published in 2019, with over 25,000m of infill and expansion drilling in 36 holes were completed since the prior estimate. To [...]
Foran Mining Corp. is pleased to announce the appointment of the Honourable Wayne G. Wouters, PC, OC, to its Board of Directors as an Independent Director. Mr. Wouters brings extensive experience, strategic insight, and expertise to Foran, developed over his distinguished career in public service, including five years as Clerk of the Privy Council of Canada. In his role as Clerk of the Privy Council, Mr. Wouters was the [...]
Foran Mining Corp. is pleased to announce results from five step-out holes drilled at its McIlvenna Bay Deposit in its 100%-owned Hanson Lake District. These are the final results from recently conducted infill and step-out program that will be included in the Company's pending resource estimate, expected to be released within the coming weeks. The Company will now focus its exploration program on near-mine deposit growth [...]
Foran Mining Corp. is pleased to report various wide and high-grade intercepts from an additional four holes drilled during its recently concluded infill program at its 100% owned McIlvenna Bay deposit. Three holes in this release were drilled in the lower portion of the deposit and intersected significant zinc grades in the Massive Sulphide, while the fourth hole was drilled closer to the upper plunge line of the deposit [...]
Foran Mining Corp. is pleased to announce the completion of the strategic C$100 million private placement by certain entities controlled by Fairfax Financing Holdings. The Financing consisted of the following: C$50 million gross proceeds through the issuance of 27,777,778 units at a price of C$1.80 per Common Share Unit. Each Common Share Unit is comprised of one common share and 0.288 of a Common Share purchase warrant [...]
Foran Mining Corp. is pleased to announce the voting results from the Company's annual general & special meeting of shareholders held on August 4th, 2021 . A total of 72,088,947 common shares of the Company were represented at the 2021 AGSM, representing 39.91% of the Company's outstanding common shares as at the record date of June 30th, 2021. Shareholders voted in favour of all matters brought before them at the 2021 [...]
Foran Mining Corp. is pleased to announce that its infill drill program at its 100% owned McIlvenna Bay deposit is now complete, with results from four holes contained in this release. The remaining results from the now concluded program will be disseminated over the coming weeks as they are received. Two of the holes contained within this release were located along the upper plunge line of the deposit while the other two [...]
Foran Mining Corp. is pleased to announce that it has executed definitive subscription agreements pursuant to which certain entities controlled by Fairfax Financial Holdings Limited will complete the strategic C$100 million investment in the Company , as announced on May 25, 2021, in an effort to create a global carbon neutral mining company and advance McIlvenna Bay as Canada's first carbon neutral copper mine. The [...]
Foran Mining Corp. is pleased to announce the appointment of James Steels, CPA, CFA as Chief Financial Officer, effective immediately. Mr. Steels is a corporate finance and capital markets professional in the metals and mining sector and specializes in valuations, risk management, financings, strategic initiatives, transaction structuring and equity investments. Mr. Steels was most recently a Metals & Mining Specialist in [...]
Foran Mining Corp. is pleased to announce the discovery of six new high priority targets on its extensive land package at its McIlvenna Bay Project and plans to commence exploration drilling on these targets in July 2021. The regional program will be focused on realizing the camp-scale potential of its flagship, 100% owned McIlvenna Bay Deposit in Saskatchewan, Canada, and is in addition to the ongoing infill and step-out [...]
