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Foran Mining ( (TSE:FOM) ) just unveiled an update.
Foran Mining Corporation reports significant progress in the construction of the McIlvenna Bay project, with a focus on safety and collaboration with local communities. Key developments include the initiation of structural steel installation for the grinding area, nearing completion of detailed engineering, and substantial underground development. The company has repurchased a 1% net smelter royalty, enhancing the project’s economic potential. Foran remains committed to advancing toward commercial production by the first half of 2026, positioning itself as a leading producer of critical minerals in North America.
More about Foran Mining
Foran Mining Corporation is a company in the mining industry, focusing on the development of the McIlvenna Bay project in Saskatchewan, Canada. They are committed to collaborating with local indigenous communities and ensuring a safe working environment.
Average Trading Volume: 394,955
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$1.65B
For a thorough assessment of FOM stock, go to TipRanks’ Stock Analysis page.