Foran Mining Corporation
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- CEO
- Daniel Myerson
- Full Time Employees
- 167
- Sector
- Basic Materials
- Industry
- Industrial Materials
- Address
- 904-409 Granville Street Vancouver BC Canada V6C 1T2
- IPO Date
- Feb 1, 2012
- Website
- foranmining.com
- Similar Companies
- Business
- Foran Mining Corporation is a Canada-based copper-zinc-gold-silver exploration and development company focused on advancing its flagship McIlvenna Bay Project and surrounding properties along the Flin Flon Greenstone Belt in east-central Saskatchewan; it holds 100% interests in the McIlvenna Bay Property encompassing the McIlvenna Bay Deposit and Tesla Zone across 29,418 hectares, as well as the adjacent Hanson, Balsam and Bigstone properties, the latter spanning 24,578 hectares west of Flin Flon, Manitoba, and additional holdings totaling over 103,000 hectares including the Denare West property. The company explores and develops volcanogenic massive sulfide deposits rich in copper, zinc, gold and silver, targeting production of critical minerals for the green economy through its 100%-owned McIlvenna Bay Complex, which features high-grade resources supported by ongoing drilling that outlines continuous mineralization, extensions along the Tesla Trend and new zones like the Bridge Zone. Founded in 1989 and headquartered in Vancouver, British Columbia, Foran operates primarily in Saskatchewan with a Saskatoon head office supporting in-province activities and emphasizes sustainable practices including carbon neutrality, battery-electric equipment and clean technologies. Recent developments include a formal construction decision for Phase 1 at McIlvenna Bay with advanced planning for Phase 2, strategic investments from Fairfax Financial, Agnico Eagle and others via a $350 million non-brokered private placement, a C$41 million agreement with Canada's Strategic Innovation Fund for clean tech integration such as battery-electric vehicles and water recycling, up to C$70 million in transferable royalty tax credits from Saskatchewan, conditional approval for C$20 million from the federal Critical Minerals Infrastructure Fund, a partnership with G Mining Services for integrated project management, an option agreement with Voyageur Mineral Explorers along the Tesla Trend, environmental assessment and operate permit approvals, and new management appointments alongside board additions.
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Foran Announces C$200 Million Brokered Private Placement