Follow up on 105m at 2.03% copper intersection from last program Initial Resources - 2 Mt of Indicated Resources grading 2.22% CuEq - Plus 2 Mt of Inferred Resources grading 2.14% CuEq Potential for additional high-grade feed for McIlvenna Bay Mill VANCOUVER, British Columbia, Dec. 07, 2020 -- Foran Mining Corp. is pleased to announce an initial [...]
Foran Mining Corp. is pleased to announce that it has completed the non-brokered private placement previously announced on November 9, 2020. The Company raised gross proceeds of CAD $1,000,000 by issuing 5,714,285 units at a price of CAD $0.175 per unit . Each Unit consisted of one common share of the Company and one common share purchase warrant [...]
Foran Mining Corp. is delighted to announce the appointment of Dan Myerson as Executive Chairman, effective immediately, ushering in a new era for the Company, as it moves to the next stage of advancing its belt of outstanding deposits towards production, in mining friendly Saskatchewan, Canada. Mr. Myerson commented, “I feel incredibly energised [...]
Foran Mining Corp. is delighted to announce it intends to complete a non-brokered private placement of up to 5,714,285 Units of the Company, at a price of $CAD 0.175 per Unit for gross proceeds of CAD $1,000,000 subject to regulatory approval. Each Unit consists of one common share and one common share purchase warrant of the Company. Each whole [...]
Foran Mining Corp. announces the retirement of Patrick Soares, President, CEO and Director, effective September 30, 2020. Darren Morcombe, Executive Chairman commented, “Patrick has fulfilled a mandate of de-risking the McIlvenna Bay Project, thereby increasing the value of the Project to shareholders. During his tenure at Foran, we have [...]
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Foran Mining Corp. announces that Mario Grossi has stepped down from the board of directors of the Company. Due to the challenges associated with the ongoing global health crisis, Mr. Grossi, as President of Technica Mining felt it was necessary to resign from Foran’s board of directors to devote his time and attention to Technica. Mr. Grossi has [...]
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 [...]
