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 demonstrated that McIlvenna Bay could be the center of Saskatchewan’s next mining [...]
https://www.youtube.com/watch?v=fJi6msppSG0 The C-Suite At the Open video interview series highlights the unique perspectives of listed companies on Toronto Stock Exchange and TSX Venture Exchange. Videos provide insight into how company executives think in the current business environment. To see the latest C-Suite At The Open videos visit https://www.tmxmoney.com/en/csuite.html. About Foran Mining Corporation Foran [...]
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 been a valued member of Foran’s board. He has agreed to join Foran’s [...]
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 entitles the holder thereof to acquire a Common Share at a price of $0.15 for [...]
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 Bay is poised to be the centre of operations for a new mining camp. The [...]
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 months following the issuance of Warrants, provided that in the event the [...]
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 reported in Canadian dollars, unless otherwise indicated. Subsequent to year [...]
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 Average Annual: 89.2 million lbs zinc, 27.9 million lbs copper Cash Cost [...]
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, 2020 and March 8, 2021, respectively. About Foran Mining Foran Mining is a [...]
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 report entitled “Technical Report for the 2019 Mineral Resource Estimate [...]
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 estimate for the Company’s 100%-owned McIlvenna Bay Deposit located [...]
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 Canada-wide. He has worked within the Canadian mining and metals industry [...]
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