VANCOUVER, British Columbia, Jan. 30, 2018 -- Foran Mining Corporation is pleased to announce that Darren Morcombe, Foran’s Executive Chairman, has exercised stock options to acquire 100,000 common shares of the Company at a price of $0.59 per common share for total proceeds of $59,000. These options were set to expire on February 9, 2018. As a result of the exercise of the stock options, Mr. Morcombe has increased [...]
Vancouver, B.C., Jan. 25, 2018 -- Foran Mining Corporation is pleased to announce that preliminary analysis undertaken with Glencore Canada Corporation has been completed and Foran will now be moving its McIlvenna Bay Project towards a Feasibility Study. The analysis was undertaken pursuant to the previously announced Technical Services Agreement, executed between Foran and Glencore in December 2017 . Patrick Soares [...]
VANCOUVER, British Columbia, Jan. 22, 2018 -- Foran Mining Corporation has initiated its 2018 exploration and infill drilling program on the McIlvenna Bay Property in Saskatchewan. Management has planned a 10,000 metre program with a dual focus: to deepen drill hole MR-17-09 at Target A, and to conduct infill and resource definition drilling in order to upgrade the existing resource for the Company’s flagship [...]
VANCOUVER, British Columbia, Dec. 29, 2017 -- Foran Mining Corporation is pleased to announce that it has completed the second and final tranche of its non-brokered private placement , which was first announced on December 7, 2017. The final tranche consisted of the Company issuing a total of 8,732,500 common shares on a flow-through basis at a price of $0.49 per FT Share for gross proceeds of $4,278,925, bringing the [...]
VANCOUVER, British Columbia, Dec. 21, 2017 -- Foran Mining Corporation is pleased to announce the closing of its first tranche in relation to its non-brokered private placement previously announced on December 7, 2017 . The First Tranche consisted of the Company issuing a total of 1,373,100 common shares on a flow-through basis at a price of $0.49 per FT Share for gross proceeds of $672,819. The issue price represents a [...]
VANCOUVER, British Columbia, Dec. 07, 2017 -- Foran Mining Corporation has negotiated a non-brokered private placement of up to 10,204,082 shares common shares in the capital stock of the Company at a price of $0.49 per Share for aggregate gross proceeds of up to $5,000,000. Each Share will be issued on a flow-through basis in connection with which Foran will incur and renounce Canadian Exploration Expenses ). The gross [...]
Foran Mining Corp. , a copper-zinc exploration and development company with projects in the Flin Flon Greenstone Belt, has executed a Technical Services Agreement with Glencore Canada Corporation. Under the agreement, Glencore will contribute its professional and technical services, assistance, guidance and advice towards completing a Feasibility Study of Foran's McIlvenna Bay Project. InvestmentPitch Media has produced a [...]
Foran retains ownership of the McIlvenna Bay Project Significant upside remains on Bigstone, Thunder Zone and Target A VANCOUVER, British Columbia, Dec. 04, 2017 -- Foran Mining Corporation is pleased to announce that it has executed a Technical Services Agreement with Glencore Canada Corporation . The Agreement contemplates Glencore contributing its professional and technical services, assistance, guidance, and advice in [...]
VANCOUVER, BC--(Marketwired - April 18, 2017) - Foran Mining Corporation (TSX VENTURE: FOM) ("Foran" or the "Company") is pleased to announce that it has engaged Micon International Limited ("Micon"), an international independent mining consultancy firm, to conduct a detailed technical review of the Preliminary Economic Assessment ("PEA") completed on Foran's 100% owned McIlvenna Bay Project. Micon will conduct a [...]
VANCOUVER, BC--(Marketwired - April 17, 2017) - Foran Mining Corporation (TSX VENTURE: FOM) ("Foran" or the "Company") reports that an early onset of spring break up has postponed the conclusion of the winter 2017 exploration program at Target A. Drill hole MR-17-09 was stopped short of the interpreted depth of the Target A electromagnetic (EM) conductor. Excessive melting and run-off degraded the drill set up and access [...]
VANCOUVER, BC--(Marketwired - March 09, 2017) - Foran Mining Corporation (TSX VENTURE: FOM) ("Foran" or the "Company") today announced that it has granted 1,685,000 incentive stock options (the "Options") to Directors, Officers, Employees and Consultants of the Company. The Options are set for a period of five years, expiring on March 9, 2022, and each Option will allow the holder to purchase a common share of Foran at a [...]
VANCOUVER, BC--(Marketwired - March 03, 2017) - Foran Mining Corporation (TSX VENTURE: FOM) ("Foran" or the "Company") announces that the drill has started turning at the first of its 2017 budgeted field programs designed to advance exploration targets and deposits on its Saskatchewan properties. "A considerable amount of additional modelling and interpretation at Target A has provided Foran management with confidence to [...]