Forge Resources Corp Announces Significant Progress of Portal Construction at Fully Permitted La Estrella Coal Mine, Colombia and Hiring of Mining Engineer Emilio Gene and Hiring of Marketing Firms
Forge Resources Corp (CSE: FRG) (OTCQB: FRGGF) reports significant progress at its La Estrella Coal Mine in Colombia, with the main portal construction reaching 90% completion. The portal, designed by AB INGENIERÍA Y CONSTRUCCIÓN SAS, will enable access to untapped coal reserves and facilitate a 20,000 Metric tonne bulk sample of metallurgical and thermal coal.
The company appointed Emilio Gene as Project Manager, bringing 16 years of underground coal mining expertise. Additionally, Forge Resources announced marketing agreements with Walk the Street Capital ($120,000 CAD plus 250,000 options) and RMK Marking Inc. ($375,000 CAD) for digital marketing services.
The company also announced a non-brokered private placement to raise up to $2,500,000 through the sale of units at $0.55 each, with insiders expected to participate for $1,000,000. Proceeds will fund La Estrella Property development and the acquisition of up to 60% of Aion Mining Corp.
Forge Resources Corp (CSE: FRG) (OTCQB: FRGGF) comunica progressi significativi nella sua miniera di carbone La Estrella in Colombia, con la costruzione del portale principale che ha raggiunto il 90% di completamento. Il portale, progettato da AB INGENIERÍA Y CONSTRUCCIÓN SAS, consentirà l'accesso a riserve di carbone non sfruttate e faciliterà un campione bulk di 20.000 tonnellate metriche di carbone metallurgico e termico.
L'azienda ha nominato Emilio Gene come Project Manager, portando con sé 16 anni di esperienza nell'estrazione di carbone sotterranea. Inoltre, Forge Resources ha annunciato accordi di marketing con Walk the Street Capital (120.000 CAD più 250.000 opzioni) e RMK Marking Inc. (375.000 CAD) per servizi di marketing digitale.
L'azienda ha anche annunciato un private placement non intermediazione per raccogliere fino a 2.500.000 dollari attraverso la vendita di unità a 0,55 dollari ciascuna, con insider attesi a partecipare per 1.000.000 dollari. I proventi finanzieranno lo sviluppo della Proprietà La Estrella e l'acquisizione di fino al 60% di Aion Mining Corp.
Forge Resources Corp (CSE: FRG) (OTCQB: FRGGF) informa sobre un progreso significativo en su mina de carbón La Estrella en Colombia, con la construcción del portal principal alcanzando un 90% de finalización. El portal, diseñado por AB INGENIERÍA Y CONSTRUCCIÓN SAS, permitirá el acceso a reservas de carbón no explotadas y facilitará una muestra a granel de 20,000 toneladas métricas de carbón metalúrgico y térmico.
La empresa ha nombrado a Emilio Gene como Gerente de Proyecto, aportando 16 años de experiencia en minería de carbón subterránea. Además, Forge Resources anunció acuerdos de marketing con Walk the Street Capital (120,000 CAD más 250,000 opciones) y RMK Marking Inc. (375,000 CAD) para servicios de marketing digital.
La compañía también anunció una para recaudar hasta 2,500,000 dólares mediante la venta de unidades a 0.55 dólares cada una, con expectativas de que los insiders participen por 1,000,000 dólares. Los ingresos financiarán el desarrollo de la Propiedad La Estrella y la adquisición de hasta el 60% de Aion Mining Corp.
Forge Resources Corp (CSE: FRG) (OTCQB: FRGGF)는 콜롬비아의 La Estrella 석탄 광산에서 90%의 완공률에 도달한 주요 포털 건설 착공 소식을 전했습니다. AB INGENIERÍA Y CONSTRUCCIÓN SAS에 의해 설계된 이 포털은 미개발 석탄 매장지에 대한 접근을 가능하게 하고, 20,000 미터 톤 대량 샘플의 금속 및 열 석탄의 촉진을 도울 것입니다.
회사는 Emilio Gene을 프로젝트 매니저로 임명하여 16년의 지하 석탄 채굴 경험을 보유하고 있습니다. 또한 Forge Resources는 Walk the Street Capital(120,000 CAD 및 250,000 옵션) 및 RMK Marking Inc.(375,000 CAD)와 디지털 마케팅 서비스에 대한 마케팅 계약을 발표했습니다.
회사는 또한 비중개인 사모펀드를 발표하여 1유닛당 0.55달러에 최대 2,500,000달러를 모금할 계획이며, 임원들이 1,000,000달러로 참여할 것으로 예상됩니다. 수익금은 La Estrella 자산 개발 및 Aion Mining Corp의 최대 60% 인수를 위해 사용될 것입니다.
Forge Resources Corp (CSE: FRG) (OTCQB: FRGGF) fait état de progrès significatifs dans sa mine de charbon La Estrella en Colombie, la construction du portail principal atteignant 90% d'achèvement. Le portail, conçu par AB INGENIERÍA Y CONSTRUCCIÓN SAS, permettra d'accéder à des réserves de charbon inexploitées et de faciliter un échantillon en vrac de 20 000 tonnes métriques de charbon métallurgique et thermique.
La société a nommé Emilio Gene au poste de chef de projet, apportant 16 ans d'expertise dans l'exploitation minière souterraine de charbon. De plus, Forge Resources a annoncé des accords de marketing avec Walk the Street Capital (120 000 CAD plus 250 000 options) et RMK Marking Inc. (375 000 CAD) pour des services de marketing numérique.
La société a également annoncé un placements privés sans intermédiaire pour lever jusqu'à 2 500 000 dollars par la vente d'unités à 0,55 dollar chacune, les initiés étant censés participer pour 1 000 000 dollars. Les produits financeront le développement de la propriété La Estrella et l'acquisition de jusqu'à 60% de Aion Mining Corp.
Forge Resources Corp (CSE: FRG) (OTCQB: FRGGF) berichtet von erheblichen Fortschritten in seiner Kohlenmine La Estrella in Kolumbien, wobei der Bau des Hauptportals zu 90% abgeschlossen ist. Das Portal, entworfen von AB INGENIERÍA Y CONSTRUCCIÓN SAS, wird den Zugang zu ungenutzten Kohlereserven ermöglichen und eine 20.000 metrische Tonnen große Probe von metallurgischer und thermischer Kohle erleichtern.
Das Unternehmen hat Emilio Gene zum Projektleiter ernannt und bringt 16 Jahre Erfahrung im Untertagebau mit. Darüber hinaus gab Forge Resources Marketingvereinbarungen mit Walk the Street Capital (120.000 CAD plus 250.000 Optionen) und RMK Marking Inc. (375.000 CAD) für digitale Marketingdienstleistungen bekannt.
Das Unternehmen kündigte zudem eine nicht vermittelte Privatplatzierung an, um bis zu 2.500.000 Dollar durch den Verkauf von Einheiten zu je 0,55 Dollar zu sammeln, wobei Insider voraussichtlich für 1.000.000 Dollar teilnehmen werden. Die Einnahmen werden die Entwicklung der La Estrella Immobilie und den Erwerb von bis zu 60% der Aion Mining Corp. finanzieren.
- Portal construction at La Estrella Coal Mine is 90% complete, enabling access to new coal reserves
- Hired experienced Mining Engineer Emilio Gene as Project Manager
- Secured $2.5M private placement funding with significant insider participation ($1M)
- Planning to acquire up to 60% stake in Aion Mining Corp
- Significant cash outflow for marketing services ($495,000 CAD)
- Share dilution from private placement of 4,545,454 units
- Additional dilution from 250,000 options granted to marketing firm
Vancouver, British Columbia--(Newsfile Corp. - January 24, 2025) - Forge Resources Corp. (CSE: FRG) (OTCQB: FRGGF) (FSE: 5YZ) ("FRG" or the "Company") is pleased to announce significant progress at its fully permitted La Estrella Coal Mine in Santander, Colombia, with the main portal construction nearing
La Estrella Portal Progress
The portal was designed and built by AB INGENIERÍA Y CONSTRUCCIÓN SAS. The new portal will provide access to previously untapped coal reserves and is the first step in securing the 20,000 Metric tonne bulk sample of metallurgical and thermal coal. This significant development marks a major milestone in the company's ongoing commitment to enhancing operational efficiency, safety, and ensuring sustainable resource extraction.
The portal incorporates sustainable practices designed to enhance operational efficiency while minimizing environmental impact. Key features include advanced ventilation systems, reinforced structural supports, and state-of-the-art safety measures to ensure the protection of both workers and the surrounding environment.
Figure 1 - Portal Construction Progress as of Jan 23, 2024
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8680/238447_5296a7d394a5b9b7_001full.jpg
In addition to the portal construction, significant progress has been achieved on slope stabilization with crews actively working on terracing the adjacent slope to enhance site stability. These measures underscore Aion Mining's commitment to ensuring a safe and secure operational environment as development activities intensify.
Cole McClay, COO of Forge Resources, states: "Completion of the portal is the foundation for the commencement of decline development, bringing us one step closer to accessing the coal seams for our bulk sample. Our team's dedication and focus on safety and efficiency have been instrumental in reaching this stage, and we remain committed to delivering on our operational goals as we advance toward full project realization."
Figure 2 - Portal Construction Progress as of Jan 23, 2024
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8680/238447_5296a7d394a5b9b7_002full.jpg
Emilio Gene Appointed La Estrella Project Manager
Forge Resources is pleased to introduce Mr. Emilio Gene as Project Manager for the Colombian coal project. A seasoned Mining Engineer with 16 years of expertise in underground coal mining, Mr. Gene brings extensive experience in project management, mineral extraction, and safety. His distinguished career includes pivotal roles such as Chief of Mining Operations and Safety Supervisor at Industria Carbonífera de Samacá. Mr. Gene's impressive credentials include a Mining Engineering degree from Francisco de Paula Santander University and a Degree in Business Management from the Pedagogical and Technological University of Colombia.
Dr. PJ Murphy, CEO of Forge Resources Corp, stated: "Emilio's leadership will be instrumental as we drive the development of Aion Mining's fully permitted project. His extensive expertise aligns perfectly with our commitment to operational excellence and sustainable mining practices."
Hiring of Marketing Firms
The Company has entered into a marketing and distribution service agreement with an arm's-length marketing firm, Walk the Street Capital ("WTS") of Ridgeway, ON, to provide digital marketing services, including SEO, PPC, email, YouTube and social media channels to increase corporate awareness for a term of 1-year starting February 3, 2025. The media disseminated will be generated using publicly available information. The Company will pay WTS a cash fee of
The Company has entered into a marketing and distribution service agreement with an arm's-length marketing firm, RMK Marking Inc. ("RMK") of Mississauga, ON, to provide digital marketing services, including SEO, PPC, email, YouTube and social media channels to increase corporate awareness for a term of 4 months starting February 3, 2025. The media disseminated will be generated using publicly available information. The Company will pay RMK a cash fee of
The Company reserved the price for the Private Placement by filling a price reservation application with the Canadian Securities Exchange (the "CSE") on December 5, 2024, and which was extended on January 13, 2025. The Private Placement is expected to close on or around January 31, 2025, subject to adjustment at the discretion of the Company and in accordance with the policies of the CSE.
The Company announces a non-brokered private placement (the "Placement") to raise up to
The Company plans to use the proceeds to further the development of its La Estrella Property and for general expenses and working capital. The proceeds will be used in whole or part to fund the cash consideration payable under the Company's proposed acquisition of additional common shares of Aion Mining Corp. ("Aion"). The gross proceeds from the sale of Units will be used to acquire up to
About Forge Resources Corp.
Forge Resources Corp. is a Canadian-listed junior exploration company focused on exploring and advancing the Alotta project, a prospective porphyry copper-gold-molybdenum project located 50 km south-east of the Casino porphyry deposit in the unglaciated portion of the Dawson Range porphyry/epithermal belt in the Yukon Territory of Canada. The Company holds a
On behalf of the Board of Directors
"PJ Murphy", CEO Forge Resources Corp.
info@forgeresourcescorp.com
604-271-0826
Forward Looking Statements
Certain of the statements made and information contained herein may contain forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, information concerning the Company's intentions with respect to the development of its mineral properties. Forward-looking information is based on the views, opinions, intentions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated or projected in the forward-looking information (including the actions of other parties who have agreed to do certain things and the approval of certain regulatory bodies). Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws, or to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities. The reader is cautioned not to place undue reliance on forward-looking information. We seek safe harbor.
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