Toronto - Free Realtime Quote • CAD Foran Mining Corporation (FOM.TO) Follow Compare 3.8150 -0.0650 (-1.68%) As of 10:34:24 AM EST. Market Open. All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Foran Mining Corporation's (TSE:FOM) Shift From Loss To Profit Foran Mining Corporation ( TSE:FOM ) is possibly approaching a major achievement in its business, so we would like to... Foran Commences 2025 Winter Drill Program at Tesla Zone Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to announce that the 2025 winter drill program is now underway at the Tesla Zone, part of Foran's 100%-owned McIlvenna Bay Project (the "Project") located in east-central Saskatchewan. The drill program commenced in early January and is expected to be the largest in the Company's history, encompassing over 30,000 metres ("m") of drilling utilizing eight drills during the winter months. We are also pleased to Foran Announces Conditional Approval for up to $20 Million Funding from Federal Critical Minerals Infrastructure Fund Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to announce a conditionally approved funding commitment of up to C$20 million from Natural Resources Canada ("NRCan") through the Critical Minerals Infrastructure Fund ("CMIF"), a key program under the Canadian Critical Minerals Strategy. The funding, pending final due diligence by NRCan and the execution of a definitive contribution agreement, will support eligible expenses related to the construction of th Foran Mining Corporation (TSE:FOM) most popular amongst retail investors who own 58% of the shares, institutions hold 30% Key Insights Significant control over Foran Mining by retail investors implies that the general public has more power... Foran Showcases Construction Progress at McIlvenna Bay Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to share a progress update on the construction of its 100% owned McIlvenna Bay project in Saskatchewan, Canada, alongside new photos showcasing ongoing development. The images offer a detailed look at key milestones reached during October 2024 and can be viewed in the image gallery on our website at www.foranmining.com/news-media. Foran Enters into Option Agreement with Voyageur Mineral Explorers to Unlock Opportunity Along the Tesla Trend Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to announce that it has entered into an Option Agreement ("Agreement") with Voyageur Mineral Explorers Corp. (CSE: VOY) ("Voyageur") to acquire a 100% interest in Voyageur's Hanson Lake property ("Property"), located in east-central Saskatchewan, approximately 65 kilometres west-southwest of Flin Flon, Manitoba. The Property lies approximately 3km north of Foran's McIlvenna Bay Deposit and the Tesla Zone alo Robust Copper Intercepts and New Lens Discovery Strengthens Tesla Zone Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to announce further copper-rich assay results from two new holes drilled into the Tesla Zone, part of Foran's 100%-owned McIlvenna Bay Property (the "Project") in Saskatchewan. These holes were designed to infill two 200 x 300m gaps in the drill hole spacing near the southern known margins of the Tesla Zone. The holes successfully encountered multiple zones of mineralization as expected, confirming the conti Foran Reports Q3/24 Construction Progress at McIlvenna Bay Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased provide a construction update on its 100% owned McIlvenna Bay project in Saskatchewan, Canada. As of the quarter ending September 30, 2024, the project continues to advance steadily, with significant progress made across key areas of development. Foran Confirms High-Grade Copper Continuity at Tesla Zone Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to announce additional assay results from the summer drill program at the Tesla Zone, part of Foran's 100%-owned McIlvenna Bay property in Saskatchewan. The infill summer drill program at Tesla was completed from land using directional drilling technologies and designed to further understand and confirm the continuity of Tesla between existing wider-spaced drill holes. Hole TS-24-30 targeted a 200m by 150m a Foran Closes US$250M Upsized Project Finance Credit Facility Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to announce the execution of an amended and restated credit agreement and closing of its upsized US$250 million senior secured project credit facility (the "Credit Facility") with a fund managed by Sprott Resource Lending Corp. ("Sprott"). 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. Foran Advances McIlvenna Bay Construction with Key Milestones Reached in August 2024 Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to share a progress update on the construction of its 100% owned McIlvenna Bay project in Saskatchewan, Canada, alongside new photos showcasing ongoing development. The images offer a detailed look at key milestones reached during August 2024 and can be viewed in the image gallery on our website at www.foranmining.com/news-media. Foran Advances Regional Exploration Strategy to Unlock District-Scale Potential Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to provide an update on its Regional Exploration Strategy across its properties (the "Properties") in Saskatchewan, Canada. Building on two years of detailed geophysical analysis and critical insights from the Tesla Zone discovery, Foran is advancing high-priority anomalies to unlock further potential discoveries across its expansive land package. The Company's ~8,000m Summer-Fall drill program is progressin Foran Closes Second Tranche of $360M Private Placement for Additional Gross Proceeds of $71M Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to announce that following the receipt of all requisite shareholder approvals at the special meeting of shareholders held on Monday, September 16, 2024, it has now completed the second tranche of its previously announced $360 million private placement financings (the "Offering"), for aggregate gross proceeds of $70,950,788 (the "Second Tranche Offering"). Upon closing of the Second Tranche Offering, the full Foran Receives Shareholder Approval to Complete Second Tranche of $360M Offering Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to announce that at a special meeting of shareholders of the Company held today (the "Meeting"), the shareholders approved the resolutions required in connection with completing the second tranche of the Company's previously announced $360 million offering (the "Offering"). Foran Announces Assay Results from Tesla Expansion Drilling and Newly Identified Gold Zone Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to announce assay results from new step-out holes drilled to expand the Tesla Zone, part of Foran's 100%-owned McIlvenna Bay Property in Saskatchewan. Several holes intersected wide zones of high-grade mineralization and confirm the extensions of the Tesla Zone down-dip, which was interpreted from borehole EM modelling. In addition, several assay results also contain significant gold-rich intersections adjac Foran Closes First Tranche of $360M Private Placement for Gross Proceeds of $289M Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to announce that it has completed the first tranche of its previously announced $360 million private placement financings (the "Offering"), for aggregate gross proceeds of $289,052,853 (the "First Tranche Offering"). Foran Announces Upsize to Previously Announced Private Placements to C$360M NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES All amounts are in Canadian dollars unless stated otherwise VANCOUVER, British Columbia, July 17, 2024 (GLOBE NEWSWIRE) -- Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) (“Foran” or the “Company”) is pleased to announce that in connection with the proposed brokered private placement announced on July 15, 2024, the Company has entered into an amending agreement with Eight Capital, as co-lead agent and joint b Foran Announces Strategic Investments by Fairfax Financial, Agnico Eagle and other Cornerstone Investors, Formal Construction Decision for Phase 1 at McIlvenna Bay and Advances Planning for Phase 2 Strategic Investment by Cornerstone Investors supports McIlvenna Bay’s Development and Future Upside Opportunities Project Finance Credit Facility to be Expanded to US$250 Million Board of Directors Formally Approves Construction, led by G Mining Services, with Commercial Production Expected in H1 2026 Initial Tesla Exploration Target of 28-45Mt at 2.2-3.2% CuEq Highlights Future Exploration Potential All amounts are in Canadian dollars unless stated otherwise VANCOUVER, British Columbia, July 1 Foran Announces the Appointment of Marie Inkster to its Board of Directors Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to announce the appointment of Marie Inkster to its Board of Directors (the "Board") as an Independent Director. Ms. Inkster brings extensive mining executive experience to Foran's Board, developed over 20 years working in the mining industry. Foran Announces Additional Winter Expansion Drill Results at the Tesla Zone Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to report additional assay results from the ongoing 2024 exploration program at the Tesla and Bridge Zones, part of its 100%-owned McIlvenna Bay Property (the "Property") in Saskatchewan. Performance Overview Trailing total returns as of 1/27/2025, which may include dividends or other distributions. Benchmark is S&P/TSX Composite index Return FOM.TO S&P/TSX Composite index YTD -1.42% +2.64% 1-Year -8.07% +19.62% 3-Year +55.08% +22.69%