All amounts are in Canadian dollars unless stated otherwise
VANCOUVER, BC, May 13, 2025 /CNW/ – Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) (“Foran” or the “Company”) is pleased to announce a proposed non-brokered private placement (the “Private Placement” or “Offering”) of common shares of the Company (“Common Shares”) for gross proceeds of $350 million. The Company is also providing a capital cost update for development of Phase 1 production at its 100%-owned McIlvenna Bay Project (“McIlvenna Bay” or “the Project”).
Dan Myerson, Executive Chairman & CEO of Foran, commented: “Advancing a scalable project like McIlvenna Bay takes tenacity, adaptability, and a long-term view. We’re committed to making decisions that create lasting value – prioritizing smart capital allocation, steady execution, and building the foundation for a scalable, multi-generational operation in a world-class district and jurisdiction. Every step…
