If you have been following Foran Mining (TSX:FOM), the latest news out of Saskatchewan might have given you pause. The company just secured approval to earn up to $70 million in transferable royalty tax credits under the province’s Critical Minerals Processing Investment Incentive. This provincial support is a big win, especially as Foran advances construction of the McIlvenna Bay Project toward its target production start in 2026. The financial boost both offsets future obligations and sends a clear signal about the government’s confidence in the project’s potential.
In the wake of this announcement, interest in Foran Mining has ramped up, and it is not hard to see why. Over the past month, shares have climbed 22%, hinting at renewed optimism for future growth even as year-to-date and one-year returns are still in the red. It is also worth noting that Foran has kept up momentum through recent milestones, such as the…
