Foran’s ambitious net zero plans for McIlvenna Bay attract investors

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In July, the company inked a deal with Sandvik to supply it with an electric battery underground vehicle fleet. A month later it announced an investment from a major Canadian pension fund.

The camp at Foran Mining’s McIlvenna Bay polymetallic project in Saskatchewan. Credit: Foran Mining

It has also put out a flurry of positive drill results over the course of the year. In June the company reported a near-mine discovery at its Tesla zone, where it encountered 200 metres of continuous massive and disseminated sulphides with 12.4 metres at 1.8% copper equivalent, including 1.2 metres at 8.3% copper equivalent and 5.4 metres at 3.3% copper equivalent among its initial assay results. Also in June, it reported positive assay results from its Bigstone and Marconi sites, including an intercept of 21 metres at 3.6 % copper.

Myerson said the company has chosen to be aggressive with continued exploration to build its long-term project…

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