Forge Resources Exceeds Funding Target with Oversubscribed Private Placement

Forge Resources ( (TSE:FRG) ) just unveiled an announcement.

Forge Resources Corp. announced the closing of its significantly oversubscribed private placement, raising $3,625,597.25, which exceeded its target of $2,500,000. The funds will be used to increase its stake in Aion Mining Corp. and support ongoing operational expenses, marking a significant milestone for the company and demonstrating investor confidence in its growth strategy.

More about Forge Resources

Forge Resources Corp. is a Canadian-listed junior exploration company focused on the exploration and advancement of the Alotta project, a prospective porphyry copper-gold-molybdenum project located in the Yukon Territory of Canada. The company holds a 40% interest in Aion Mining Corp., with an LOI to acquire up to 60% interest, which is developing the La Estrella coal project in Santander, Colombia.

YTD Price Performance: 51.55%

Average Trading Volume: 12,541

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $46.64M

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