Foran Mining keeping Saskatchewan wildfires at bay

The Market Online

5 days ago

Foran Mining (TSX:FOM) continues to advance an asset protection plan against ongoing wildfires near its McIlvenna Bay project in Saskatchewan
Foran is a Canadian copper-zinc-gold-silver explorer and developer with a 140,445-hectare portfolio within the Hanson Lake district of eastern Saskatchewan
Foran Mining stock has given back 26.14 per cent year-over-year but remains up by 2,257.69 per cent since 2020
A wildfires rages on near the McIlvenna Bay copper-zinc-gold-silver project in Saskatchewan, owner Foran Mining (TSX:FOM) continues to advance its asset protection plan, having recently installed fire attenuation systems and reinforced firebreaks with the help of 44 employees and specialized wildfire contractors. Wildfire map. (Source: CNW Group and Foran Mining Corporation)
McIlvenna Bay is the largest undeveloped volcanic-hosted massive sulfide deposit in a region that has been engaged in mineral production for over 100 years. As laid out in a 2025 technical report, the project hosts an estimated 793 million pounds of copper and 1.4 billion pounds of zinc in probable reserves, 1 billion pounds of copper and 1.9 billion pounds of zinc in indicated resources, and 93 million pounds of copper and 260 million pounds of zinc inferred. Increased firebreaks surrounding key assets at McIlvenna Bay. (Source: CNW Group and Foran Mining Corporation)
According to Monday's news release, risk mitigation measures, in combination with improving weather conditions, have kept the project out of harm's way, limiting the active fire edge to no closer than one kilometre from the tailings storage facility and no more than three kilometres from main site infrastructure.
While the wildfire remains uncontained, McIlvenna Bay has sustained no infrastructure damage to date, with surrounding conditions stabilizing and all employees and contractors safe and accounted for.
The progress report follows the evacuation of 540 non-essential employees on May 22. Leadership insights
'Having worked closely alongside the team throughout this wildfire, I've witnessed onsite the incredible commitment of our dedicated employees who chose to remain on site to protect McIlvenna Bay,' Gilbert Lamarche, Foran's chief operating officer, said in a statement. 'Together, they've done exceptional work safeguarding our people and infrastructure during this event. I'm extremely proud of the resilience and unity shown by everyone here, and I look forward to resuming regular construction operations soon.'
'I cannot begin to express how proud I am of our team, both on and off site, who have acted with unwavering focus and courage to protect, first and foremost, our people. Their efforts in safeguarding McIlvenna Bay have been nothing short of outstanding and we look forward to resuming our work with pride and forward momentum,' added Dan Myerson, Foran's executive chairman and chief executive officer. 'More importantly, we must take a moment to reflect on the broader and ongoing wildfire threat affecting communities, families and colleagues across Saskatchewan and Manitoba, including many local Indigenous communities with whom we share deep ties. At Foran, our thoughts are with everyone impacted and we remain steadfast in our hope for safety, strength and support for all during this challenging time.' About Foran Mining
Foran Mining is a Canadian copper-zinc-gold-silver explorer and developer with a 140,445-hectare portfolio within the Hanson Lake district of eastern Saskatchewan.
Foran Mining stock (TSX:FOM) is up by 2.51 per cent trading at C$3.06 as of 9:33 am ET. The stock has given back 26.14 per cent year-over-year but remains up by 2,257.69 per cent since 2020.
Join the discussion: Find out what everybody's saying about this copper-zinc-gold-silver stock on the Foran Mining Corp. Bullboard and check out the rest of Stockhouse's stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.