Forge Resources Expands Stake in Aion Mining to 60%, Boosting La Estrella Project Development

Forge Resources ( (TSE:FRG) ) has shared an update.

Forge Resources Corp. has successfully closed its acquisition, increasing its interest in Aion Mining Corp. to 60%, which aligns with its growth strategy in the mining industry. The acquired funds will be used to develop Aion’s La Estrella project in Colombia, enhancing infrastructure and ensuring a strong foundation for future initiatives. The company has secured a right of first refusal to maintain its control and completed both an independent valuation and audit to affirm asset value.

More about Forge Resources

Forge Resources Corp. is a Canadian-listed junior exploration company that holds a 60% interest in Aion Mining Corp., which is developing the fully permitted La Estrella coal project in Santander, Colombia. The project contains metallurgical and thermal coal seams. Forge also has an option on the Alotta project, a potential porphyry copper-gold-molybdenum site in the Yukon Territory, Canada.

YTD Price Performance: 100.0%

Average Trading Volume: 29,430

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $65.5M

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