Forge Resources Corp. is pleased to announce significant progress in its ongoing development initiatives, with noteworthy advancements in the decline at La Estrella. Advancement of La Estrella Decline The Company's decline is progressing swiftly, marking a significant step forward in its strategic development. This milestone is particularly encouraging as the Company transitions to a more mechanized approach, bolstered by [...]
Forge Resources Corp. is pleased to announce that it has entered into an anti-dilution agreement with Aion Mining Corp and the other shareholders of Aion and has delivered notice, pursuant to the Agreement, to acquire a further interest in Aion to bring the Company's total interest to 80%. Anti-Dilution Agreement The Agreement protects the Company's ownership in Aion from dilution due to any issuance of shares by Aion [...]
Forge Resources Corp. is pleased to announce a proposed diamond drill program comprised of up to 4,000 metres across approximately 12 drill holes with ranging from 300 to 350 metres. This initiative aims to test step-outs on previously identified mineralization in the Payoff Zone and explore untested coincident geophysical and geochemical anomalies across targeted areas . Figure 1. Drilling Program Proposal To view an [...]
Forge Resources Corp. is pleased to share progress on the La Estrella coal project. With the main portal construction fully completed , underground work on the 170-metre decline is advancing steadily to access high quality coal seams for the 20,000-tonne bulk sampling program. Additionally, the Company has invested in new materials and equipment to support development efforts, ensuring the project stays on track for its [...]
Forge Resources Corp. is pleased to announce the successful completion of its executive site visit to the fully permitted La Estrella coal project in Santander, Colombia. The visit reaffirmed the Company's confidence in the project's well-organized advancement and reinforced its commitment to delivering on its strategic objectives. During the visit, members of the executive team had the opportunity to inspect progress on [...]
Forge Resources Corp. is pleased to announce an upcoming executive site visit to the fully permitted La Estrella coal project and inspections of six prospective coal projects in various regions of Colombia. The visit is scheduled between March 9-18, 2025. The executive team will review the progress of the La Estrella project, which has recently completed the construction of its main portal and commenced underground works [...]
Forge Resources Corp. is pleased to announce that, further to its previous news release dated February 12, 2025, it has formally closed the acquisition of a further interest in Aion Mining Corp., bringing the Company's total interest to 60%. Aion Acquisition Pursuant to the formal agreement, the Company acquired common shares of Aion in order to bring the total ownership of the Company to 60% of the post-issuance common [...]
Forge Resources Corp. is pleased to announce the completion of the main portal construction at La Estrella, fully permitted coal project in Santander, Colombia. The portal is the primary access point for the underground operations and has been constructed to the highest standards of safety and efficiency by AB INGENIERÍA Y CONSTRUCCIÓN SAS. The completion of this critical infrastructure paves the way for the Company to [...]
Forge Resources Corp. is pleased to announce that, further to its previous news releases posted on September 17, 2024, December 17, 2024 and January 17, 2025, it has entered into a formal agreement with Aion Mining Corp. whereby the Company will acquire a further interest in Aion to bring the Company's total interest to 60%, and the issuance of options. Aion Acquisition Pursuant to the formal agreement, the Company will [...]
Forge Resources Corp. is pleased to announce the closing of its significantly oversubscribed non-brokered private placement . Further to its press release on January 24, 2025 and on receipt of CSE approval, the company will issue an aggregate of 6,591,995 units at a price of $0.55 per Unit for aggregate gross proceeds of $3,625,597.25 . This amount surpassed the company's previously announced target of $2,500,000. Each [...]
Forge Resources Corp. is pleased to announce significant progress at its fully permitted La Estrella Coal Mine in Santander, Colombia, with the main portal construction nearing 90% completion. La Estrella Portal Progress The portal was designed and built by AB INGENIERÍA Y CONSTRUCCIÓN SAS. The new portal will provide access to previously untapped coal reserves and is the first step in securing the 20,000 Metric tonne [...]
Forge Resources Corp. is pleased to announce the extension to the exclusivity period of the non-binding letter of intent with Aion Mining Corp. to February 7, 2025. As previously stated in the news release dated September 17, 2024 - In consideration of additional shares of Aion, the Company will pay $5,000,000, comprised of the following: $4,000,000 in cash on closing; and $1,000,000 in common shares of the Company at a [...]
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