Latest news with #ForanMining
The Market Online
6 days ago
- Business
- The Market Online
Foran Mining keeping Saskatchewan wildfires at bay
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.
Cision Canada
22-05-2025
- Business
- Cision Canada
McIlvenna Bay Project Wildfire Response - Temporary Withdrawal of Non-Essential Site Personnel
VANCOUVER, BC, May 22, 2025 /CNW/ - Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") announces that it has responded to a regional wildfire evacuation order that includes its McIlvenna Bay Project site (the "Project"). All non-essential personnel and contractors are being demobilized from site as a precautionary measure, with completion anticipated by the end of today. The evacuation has been undertaken out of an abundance of caution and in close coordination with local emergency services and fire authorities. The Company has implemented all necessary measures to protect its personnel, and a limited number of essential staff will remain on-site to ensure the safety and security of the Project. All personnel are safe and accounted for, and the Company is planning for an orderly and timely return to full-scale construction activities. Foran Executive Chairman & CEO Dan Myerson stated, " The safety and wellbeing of our employees, contractors, neighbours and the community remain our highest priority. We are working closely with the Saskatchewan Public Safety Agency ("SPSA") to actively support our site team and ensure a safe, orderly, and effective return to full operations at the earliest appropriate opportunity. We are deeply grateful for the support received to date, and we will provide updates as the situation evolves." About Foran Mining Foran Mining is a copper-zinc-gold-silver exploration and development company, committed to supporting a greener future and, empowering communities while creating value for our stakeholders. The McIlvenna Bay project is located entirely within the documented traditional territory of the Peter Ballantyne Cree Nation, comprises the infrastructure and works related to development activities of the Company, and hosts the McIlvenna Bay Deposit and Tesla Zone. The Company also owns the Bigstone Deposit, a resource-development stage deposit located 25 km southwest of the McIlvenna Bay Property. The McIlvenna Bay Deposit is a copper-zinc-gold-silver rich VHMS deposit intended to be the centre of a new mining camp in a prolific district that has already been producing for 100 years. The McIlvenna Bay Property sits just 65 km West of Flin Flon, Manitoba, and is part of the world class Flin Flon Greenstone Belt that extends from Snow Lake, Manitoba, through Flin Flon to Foran's ground in eastern Saskatchewan, a distance of over 225 km. The McIlvenna Bay Deposit is the largest undeveloped VHMS deposit in the region. The Company filed its NI 43-101 compliant 2025 Technical Report on the McIlvenna Bay Project, Saskatchewan, Canada (the "2025 Technical Report") on March 12, 2025, with an effective date and report date of March 12, 2025, outlining a mineral resource in respect of the McIlvenna Bay Deposit estimated at 38.6 Mt grading 2.02% CuEq in the Indicated category and an additional 4.5 Mt grading 1.71% CuEq in the Inferred category. Investors are encouraged to consult the full text of the 2025 Technical Report which is available on SEDAR+ at under the Company's profile. The Company's head office is located at 409 Granville Street, Suite 904, Vancouver, BC, Canada, V6C 1T2. Common Shares of the Company are listed for trading on the TSX under the symbol "FOM" and on the OTCQX under the symbol "FMCXF". CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS This news release contains certain forward-looking information and forward-looking statements, as defined under applicable securities laws (collectively referred to herein as "forward-looking statements"). These statements relate to future events or to the future performance of Foran Mining Corporation and reflect management's expectations and assumptions as of the date hereof or as of the date of such forward looking statement. Such forward-looking statements include, but are not limited, statements regarding our ability to demobilize our personnel and contractors from site by end of day on the date hereof; our ability to protect our personnel and ensure the safety and security of the McIlvenna Bay Project; our plan to return to full-scale construction activities in an orderly and timely manner; our intention to provide further updates on our response to wildfires; our commitment to support a greener future, empower communities and create value for our stakeholders; expectations regarding our development and advanced exploration activities; and expectations, assumptions and targets in respect of our 2025 Technical Report. All statements other than statements of historical fact are forward-looking statements. The forward-looking statements in this news release speak only as of the date of this news release or as of the date specified in such statement. Inherent in forward-looking statements are known and unknown risks, estimates, assumptions, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements contained in this news release. These factors include management's belief or expectations relating to the following and, in certain cases, management's response with regard to the following: risks related to wildfires and other extreme weather events; the Company's reliance on the McIlvenna Bay Property; and the additional risks identified in our filings with Canadian securities regulators on SEDAR+ in Canada (available at The forward-looking statements contained in this news release reflect the Company's current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Readers are cautioned not to place undue reliance on forward-looking statements and should note that the assumptions and risk factors discussed in this press release are not exhaustive. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this press release. All forward-looking statements herein are qualified by this cautionary statement. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements, unless required by law. Additional information about these assumptions, risks and uncertainties is contained in our filings with securities regulators on SEDAR+ in Canada (available at
Yahoo
22-05-2025
- Business
- Yahoo
McIlvenna Bay Project Wildfire Response - Temporary Withdrawal of Non-Essential Site Personnel
VANCOUVER, BC, May 22, 2025 /CNW/ - Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") announces that it has responded to a regional wildfire evacuation order that includes its McIlvenna Bay Project site (the "Project"). All non-essential personnel and contractors are being demobilized from site as a precautionary measure, with completion anticipated by the end of today. The evacuation has been undertaken out of an abundance of caution and in close coordination with local emergency services and fire authorities. The Company has implemented all necessary measures to protect its personnel, and a limited number of essential staff will remain on-site to ensure the safety and security of the Project. All personnel are safe and accounted for, and the Company is planning for an orderly and timely return to full-scale construction activities. Foran Executive Chairman & CEO Dan Myerson stated, "The safety and wellbeing of our employees, contractors, neighbours and the community remain our highest priority. We are working closely with the Saskatchewan Public Safety Agency ("SPSA") to actively support our site team and ensure a safe, orderly, and effective return to full operations at the earliest appropriate opportunity. We are deeply grateful for the support received to date, and we will provide updates as the situation evolves." About Foran Mining Foran Mining is a copper-zinc-gold-silver exploration and development company, committed to supporting a greener future and, empowering communities while creating value for our stakeholders. The McIlvenna Bay project is located entirely within the documented traditional territory of the Peter Ballantyne Cree Nation, comprises the infrastructure and works related to development activities of the Company, and hosts the McIlvenna Bay Deposit and Tesla Zone. The Company also owns the Bigstone Deposit, a resource-development stage deposit located 25 km southwest of the McIlvenna Bay Property. The McIlvenna Bay Deposit is a copper-zinc-gold-silver rich VHMS deposit intended to be the centre of a new mining camp in a prolific district that has already been producing for 100 years. The McIlvenna Bay Property sits just 65 km West of Flin Flon, Manitoba, and is part of the world class Flin Flon Greenstone Belt that extends from Snow Lake, Manitoba, through Flin Flon to Foran's ground in eastern Saskatchewan, a distance of over 225 km. The McIlvenna Bay Deposit is the largest undeveloped VHMS deposit in the region. The Company filed its NI 43-101 compliant 2025 Technical Report on the McIlvenna Bay Project, Saskatchewan, Canada (the "2025 Technical Report") on March 12, 2025, with an effective date and report date of March 12, 2025, outlining a mineral resource in respect of the McIlvenna Bay Deposit estimated at 38.6 Mt grading 2.02% CuEq in the Indicated category and an additional 4.5 Mt grading 1.71% CuEq in the Inferred category. Investors are encouraged to consult the full text of the 2025 Technical Report which is available on SEDAR+ at under the Company's profile. The Company's head office is located at 409 Granville Street, Suite 904, Vancouver, BC, Canada, V6C 1T2. Common Shares of the Company are listed for trading on the TSX under the symbol "FOM" and on the OTCQX under the symbol "FMCXF". CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS This news release contains certain forward-looking information and forward-looking statements, as defined under applicable securities laws (collectively referred to herein as "forward-looking statements"). These statements relate to future events or to the future performance of Foran Mining Corporation and reflect management's expectations and assumptions as of the date hereof or as of the date of such forward looking statement. Such forward-looking statements include, but are not limited, statements regarding our ability to demobilize our personnel and contractors from site by end of day on the date hereof; our ability to protect our personnel and ensure the safety and security of the McIlvenna Bay Project; our plan to return to full-scale construction activities in an orderly and timely manner; our intention to provide further updates on our response to wildfires; our commitment to support a greener future, empower communities and create value for our stakeholders; expectations regarding our development and advanced exploration activities; and expectations, assumptions and targets in respect of our 2025 Technical Report. All statements other than statements of historical fact are forward-looking statements. The forward-looking statements in this news release speak only as of the date of this news release or as of the date specified in such statement. Inherent in forward-looking statements are known and unknown risks, estimates, assumptions, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements contained in this news release. These factors include management's belief or expectations relating to the following and, in certain cases, management's response with regard to the following: risks related to wildfires and other extreme weather events; the Company's reliance on the McIlvenna Bay Property; and the additional risks identified in our filings with Canadian securities regulators on SEDAR+ in Canada (available at The forward-looking statements contained in this news release reflect the Company's current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Readers are cautioned not to place undue reliance on forward-looking statements and should note that the assumptions and risk factors discussed in this press release are not exhaustive. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this press release. All forward-looking statements herein are qualified by this cautionary statement. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements, unless required by law. Additional information about these assumptions, risks and uncertainties is contained in our filings with securities regulators on SEDAR+ in Canada (available at SOURCE Foran Mining Corporation View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Business
- Yahoo
Canada Growth Fund commits $111m for Foran Mining's McIlvenna Bay project
Canada Growth Fund (CGF) has committed approximately C$156m ($111.6m) in a C$350m strategic non-brokered private placement by Foran Mining, a Canadian copper mining company. The commitment has been made in partnership with co-investors such as Agnico Eagle Mines, which is committing C$90m, and C$75m committed by certain affiliates of Fairfax Financial Holdings, a Canadian holding company. Additionally, an institutional equity investor is also participating in this offering, committing C$28m. This investment by CGF and its partners will support Foran's efforts to develop its flagship asset, the McIlvenna Bay project in Saskatchewan, Canada. The offering will be completed in two tranches, with Foran issuing 116.6 million common shares at $3 each for gross proceeds of around C$350m. The first tranche of approximately C$296m is expected to close around 28 May 2025, pending customary conditions and Toronto Stock Exchange approval. Dan Myerson, Foran's executive chairman and CEO, will also personally invest approximately C$1m in the offering. Proceeds from the offering are earmarked for the construction completion at McIlvenna Bay and for advancing exploration at nearby and regional targets. Yannick Beaudoin, president and CEO of Canada Growth Fund Investment Management, the exclusive investment manager of CGF, said: "Canada has a strategic advantage in critical minerals and CGF is committed to building strong supply chains for these minerals, from extraction to end-use." McIlvenna Bay is a polymetallic deposit located along the Flin Flon Greenstone Belt. It is currently the only copper and zinc deposit under construction in Canada. The project will contribute to local job creation and increase Canadian copper and zinc production by up to 4% and 22%, respectively. Myerson said: "Advancing a scalable project like McIlvenna Bay takes tenacity, adaptability and a long-term view. We are committed to making the right decisions to create lasting value – prioritising smart capital allocation, steady execution, and building the foundation for a scalable, multi-generational operation in a world-class district and jurisdiction." In July 2024, Foran Mining announced a financial package of up to C$315m to support the initial phase of the McIlvenna Bay project. "Canada Growth Fund commits $111m for Foran Mining's McIlvenna Bay project" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
08-05-2025
- Business
- Cision Canada
Foran Announces Results of Annual General Meeting for Shareholders
VANCOUVER, BC, May 8, 2025 /CNW/ - Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to announce the voting results from the Company's annual general meeting of shareholders of the Company held on May 8 th, 2025 (the "Meeting"). A total of 197,931,933 common shares of the Company were represented at the Meeting, representing 50.3% of the Company's outstanding common shares as at the record date of March 24, 2025. Shareholders voted in favour of all matters brought before them at the Meeting, which matters are discussed in detail in the Company's Management Information Circular dated March 24, 2025 that is available on SEDAR+ at and the Company's website at The following voting results are based on the total number of votes that were cast at the Meeting: A report on all items of business voted at the Meeting has been filed on SEDAR+ ( About Foran Mining Foran Mining is a copper-zinc-gold-silver exploration and development company, committed to supporting a greener future and empowering communities while creating value for our stakeholders. The McIlvenna Bay project is located within the documented traditional territory of the Peter Ballantyne Cree Nation, comprises the infrastructure and works related to development activities of the Company, and hosts the McIlvenna Bay Deposit and Tesla Zone. The Company also owns the Bigstone Deposit, a resource-development stage deposit located 25 km southwest of the McIlvenna Bay Property. The McIlvenna Bay Deposit is a copper-zinc-gold-silver rich deposit intended to be the centre of a new mining camp in a prolific district that has already been producing for 100 years. The McIlvenna Bay Property sits just 65 km West of Flin Flon, Manitoba, and is part of the world class Flin Flon Greenstone Belt that extends from Snow Lake, Manitoba, through Flin Flon to Foran's ground in eastern Saskatchewan, a distance of over 225 km. The McIlvenna Bay Deposit is the largest undeveloped VHMS deposit in the region. The Company filed its NI 43-101 compliant 2025 Technical Report on the McIlvenna Bay Project, Saskatchewan, Canada (the "2025 Technical Report") on March 12, 2025, with an effective date and report date of March 12, 2025, outlining a mineral resource in respect of the McIlvenna Bay Deposit estimated at 38.6 Mt grading 2.02% CuEq in the Indicated category and an additional 4.5 Mt grading 1.71% CuEq in the Inferred category. Investors are encouraged to consult the full text of the 2025 Technical Report which is available on SEDAR+ at under the Company's profile. The Company's head office is located at 409 Granville Street, Suite 904, Vancouver, BC, Canada, V6C 1T2. Common Shares of the Company are listed for trading on the TSX under the symbol "FOM" and on the OTCQX under the symbol "FMCXF".
