Highlight Intercepts Include 4.04% Copper Equivalent over 17.4 Metres Tesla Strike Length Now Extended to 300m, Remains Open in All Directions Assays Pending for Two Holes Intersecting Sulphides Three Drill Rigs Now at Tesla Foran Mining Corp. is pleased to announce initial drill results from its winter drill program at the new Tesla discovery [...]
Foran Mining Corp. announces that, in accordance with its Long-Term Performance Incentive Plan and the policies of the TSX Venture Exchange, the Company has granted a total of 1,760,000 stock options , 150,000 deferred share units and 115,000 restricted share units to certain directors, officers, employees and consultants of the Company. Each [...]
Foran Mining Corp. is pleased to announce the closing of a US$150 million senior secured project credit facility with a fund managed by Sprott Resource Lending Corp. . Funds from the Credit Facility will be used towards construction of the McIlvenna Bay project in east-central Saskatchewan as well as general corporate purposes. Dan Myerson, Foran's [...]
Foran Mining Corp. is pleased to announce the appointment of Ms. Terri Uhrich as Vice President, Legal and General Counsel, effective immediately. Ms. Uhrich has over 20 years of legal professional experience in both public and private sectors, including the mining industry within Saskatchewan. From 2011 to 2018, Terri was General Counsel and Chief [...]
Four Diamond Drill Rigs and up to 35,000m of Regional Drilling Planned for 2023 Tesla Drilling Already Underway Ahead of Winter Drill Program Increased Drilling Capacity to Further Unlock Potential District Scale Opportunity Long Lead-Time Items Procured at Prices In-Line with Feasibility Study Estimates Foran Mining Corp. is pleased to announce [...]
Foran Mining Corp. is pleased to announce that certain entities controlled by Fairfax Financial Holdings Limited have exercised its Warrants in advance of the expiration date. As part of a C$100 million private placement , completed on August 6, 2021, Fairfax acquired 27,777,778 common shares of the Company , 27,777,778 non-voting shares of the [...]
Wedge Hole Intercepts 6.2% Copper Equivalent over 11.9 metres Step-out Hole 200m Along Strike Appears to Intersect Tesla Zone - Assays Pending Foran Mining Corp. is pleased to announce additional results from drilling at the recently discovered Tesla Zone on its McIlvenna Bay Project in Saskatchewan. Results in this release include remaining [...]
Foran Mining Corp. is pleased to announce it has entered into a non-binding term sheet with Ontario Teachers' Pension Plan Board , which contemplates a transaction that, if completed, would have Ontario Teachers' invest up to C$200M in the McIlvenna Bay project. The parties are now under exclusivity and intend to enter into definitive documentation [...]
Foran Mining Corp. is pleased to announce an agreement with Sandvik to supply initial underground equipment for development at its 100%-owned McIlvenna Bay project in Saskatchewan. The initial equipment order includes battery electric underground drills, trucks, and loaders that will be used for the mine's development and production activities. As [...]
Foran Mining Corp. is pleased to provide assay results from 14 holes drill on the Company's 100%-owned Bigstone Project. Drilling focused on both the Bigstone deposit and the Marconi prospect which is located 500 m to the east. Together, these targets represent a large prospective copper, zinc, and gold mineralizing system that will be the focus of [...]
Foran Mining Corp. is pleased to announce partial assay results from diamond drill hole TS-22-03 at the near-mine Tesla target, on its 100%-owned McIlvenna Bay Project in Saskatchewan. Key Highlights: ~200 m of continuous massive and disseminated sulphides intersected, including chalcopyrite and sphalerite. Initial assay results include: 12.4m at [...]
Foran Mining Corp. is pleased to announce the grand opening of its Saskatchewan Head Office. The Company's office in Saskatoon will be the operating headquarters supporting all in-province initiatives at its 100%-owned McIlvenna Bay development project and surrounding properties. The company held an event at its office yesterday hosting provincial [...]