Foran Mining Corp. is pleased to announce that further to its News Release issued April 9, 2020, it has now closed a non-brokered private placement of 7,100,000 units at $0.10 per unit for gross proceeds of $710,000 . Each Unit consists of one common share of the Company and one half of one Common Share purchase warrant . Each whole Warrant [...]
Foran Mining Corp. is pleased to announce that further to its news release issued March 12, 2020 , it has filed an independent National Instrument 43-101 – Standards of Disclosure for Mineral Projects technical report for the Pre-feasibility Study on the Company’s McIlvenna Bay Project in eastern Saskatchewan. The PFS demonstrates that McIlvenna [...]
Foran Mining Corp. announces a proposed non-brokered private placement for gross proceeds of up to $500,000 at $0.10 per unit . Each Unit will consist of one common share of the Company and one half of one Common Share purchase warrant . Each whole Warrant will entitle the holder thereof to acquire a Common Share at a price of $0.15 for thirty-six [...]
Foran Mining Corp. wishes to announce its financial results for the year ended December 31, 2019. The Company recorded a net loss of $1,670,903 or $0.01 per share . As at December 31, 2019, the Company had approximately $392,000 in cash and cash equivalents and another $110,000 in receivables and prepaid expenses. All results in this release are [...]
Pre-tax $219 million NPV7.5% and 23.4% IRR After-tax $$147 million NPV7.5% and 19.2% IRR Based on 3 year trailing average metal prices Capital expenditures: $261 million pre-production Probable Mineral Reserve: 11.34 million tonnes @ US$100/t NSR Contained within Indicated Resources of 22.95 million tonnes @US$60/t NSR Zinc and Copper Production [...]
Foran Mining Corp. announces that management, directors and a former director of the Company have exercised stock options to acquire 2,360,000 common shares of the Company; 625,000 at a price of $0.20 per share and 1,735,000 at a price of $0.11 per share for total proceeds to the Company of $315,850. These options were set to expire on January 20 [...]
Foran Mining Corp. is pleased to announce that it has filed a National Instrument 43-101 technical report for the recent revised resource estimate for the Company’s 100%-owned McIlvenna Bay Deposit located in east-central Saskatchewan. McIlvenna Bay is one of the largest, undeveloped volcanogenic massive sulphide deposits in Canada. The [...]
Indicated resources increase by 65%, to 22.95 million tonnes Additional inferred resources of 11.15 million tonnes Contained metals : 1.5 billion lbs Zn / 590 million lbs Cu Contained metals : 450 million lbs Zn / 340 million lbs Cu VANCOUVER, British Columbia, May 28, 2019 -- Foran Mining Corp. is pleased to announce an increased mineral resource [...]
Foran Mining Corporation is pleased to announce that Mr. Mario Grossi has agreed to join Foran’s Board of Directors. Mr. Grossi is the President, CEO and founder of Technica Group Inc. and Technica Mining. Technica Mining is Ontario’s second largest underground mining and construction contractor, employing over 450 people and operating [...]
Foran Mining Corporation is pleased to announce the final results from the 2018 summer resource definition drill program at its 100% owned McIlvenna Bay copper-zinc deposit in Saskatchewan. McIlvenna Bay Drill Plan McIlvenna Bay Long Section “The 2018 McIlvenna Bay infill drill program has been an unqualified success. Tighter drill spacing in [...]
Foran Mining Corporation is pleased to announce results from five additional holes from the summer resource definition drill program at its 100% owned McIlvenna Bay copper-zinc deposit in Saskatchewan. The intersections include three holes drilled along plunge in the deeper part of the Deposit along with two wedge cuts which were drilled to obtain [...]
Foran Mining Corporation is pleased to announce a summary of results from six additional holes from the summer resource definition drill program at its 100% owned McIlvenna Bay copper-zinc deposit in Saskatchewan. McIlvenna Bay Drill Plan McIlvenna Bay Long Section Highlights: The results from this batch of holes is highlighted by MB-18-217 which [...]