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An announcement from Forge Resources ( (TSE:FRG) ) is now available.
Forge Resources Corp. has announced significant progress at its La Estrella Coal Project in Colombia, including the construction of new mining camps and a mechanical station, and the hiring of a third-shift Mining Engineer. These developments are set to bolster the project’s operational capacity, enabling the company to operate three shifts per day and improve efficiency. Additionally, Forge Resources is conducting a flow-through private placement to raise funds for Canadian exploration expenses, and its subsidiary Aion Mining Corp. plans to sell a portion of its shares in Forge. These strategic moves are expected to strengthen Forge’s infrastructure, enhance productivity, and support long-term growth for stakeholders.
The most recent analyst rating on (TSE:FRG) stock is a Buy with a C$1.00 price target. To see the full list of analyst forecasts on Forge Resources stock, see the TSE:FRG Stock Forecast page.
More about Forge Resources
Forge Resources Corp. operates in the mining industry, focusing on coal mining projects. The company is primarily engaged in the development of its flagship La Estrella Coal Project in Colombia, aiming to enhance its operational capabilities and market presence.
Average Trading Volume: 116,524
Technical Sentiment Signal: Sell
Current Market Cap: C$45.5M
Find detailed analytics on FRG stock on TipRanks’ Stock Analysis page.