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Forge Resources ( (TSE:FRG) ) has shared an update.
Forge Resources Corp. has announced significant progress in the decline development at its La Estrella coal project in Colombia. The company has transitioned to a more mechanized approach with new machinery, enhancing operational efficiency and safety. The stable rock structure has exceeded expectations, boosting confidence in the project’s feasibility. This advancement is a crucial step in Forge’s strategic development, potentially accelerating the project’s timeline and reinforcing its commitment to environmental and operational responsibility.
More about Forge Resources
Forge Resources Corp. is a Canadian-listed junior exploration company with a 60% interest, and a formalized agreement to acquire 80%, in Aion Mining Corp., which is developing the fully permitted La Estrella coal project in Santander, Colombia. The project contains eight known seams of metallurgical and thermal coal. Additionally, Forge Resources holds an option on the Alotta project, a prospective porphyry copper-gold-molybdenum project in the Yukon Territory of Canada.
YTD Price Performance: 77.44%
Average Trading Volume: 17,986
Technical Sentiment Signal: Sell
Current Market Cap: $57.15M
See more data about FRG stock on TipRanks’ Stock Analysis page.