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Forge Resources Corp Announces Strategic Change of Officers to Drive Growth and Project Development Initiatives

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Forge Resources Corp (CSE: FRG) (OTCQB: FRGGF) has announced strategic changes in its senior leadership. PJ Murphy, the current Chairman of the Board, has been appointed as the new Chief Executive Officer (CEO), while Cole McClay, who has served as CEO since February 2021, will transition to the role of Chief Operating Officer (COO), effective immediately.

This reorganization aims to strengthen the company's focus on corporate awareness and project development. McClay will oversee day-to-day operations and project development, while Murphy will concentrate on stakeholder engagement and strategic leadership, leveraging his experience in capital markets to build relationships with investors.

Forge Resources Corp (CSE: FRG) (OTCQB: FRGGF) ha annunciato cambiamenti strategici nella sua alta dirigenza. PJ Murphy, l'attuale Presidente del Consiglio, è stato nominato nuovo Amministratore Delegato (CEO), mentre Cole McClay, che ha ricoperto il ruolo di CEO da febbraio 2021, passerà alla posizione di Direttore Operativo (COO), con effetto immediato.

Questa riorganizzazione mira a rafforzare l'attenzione dell'azienda sulla consapevolezza aziendale e sullo sviluppo dei progetti. McClay supervisionerà le operazioni quotidiane e lo sviluppo dei progetti, mentre Murphy si concentrerà sul coinvolgimento degli stakeholder e sulla leadership strategica, sfruttando la sua esperienza nei mercati dei capitali per costruire relazioni con gli investitori.

Forge Resources Corp (CSE: FRG) (OTCQB: FRGGF) ha anunciado cambios estratégicos en su alta dirección. PJ Murphy, el actual Presidente de la Junta, ha sido designado como nuevo Director Ejecutivo (CEO), mientras que Cole McClay, quien ha sido CEO desde febrero de 2021, pasará al cargo de Director de Operaciones (COO), con efecto inmediato.

Esta reorganización tiene como objetivo fortalecer el enfoque de la empresa en la conciencia corporativa y el desarrollo de proyectos. McClay supervisará las operaciones diarias y el desarrollo de proyectos, mientras que Murphy se concentrará en el compromiso de los interesados y el liderazgo estratégico, aprovechando su experiencia en los mercados de capital para construir relaciones con los inversores.

Forge Resources Corp (CSE: FRG) (OTCQB: FRGGF)는 고위 경영진의 전략적 변화를 발표했습니다. PJ Murphy 현 이사회 의장이 새로운 CEO(최고경영자)로 임명되었으며, Cole McClay는 2021년 2월부터 CEO로 활동해 온 인물로 즉시 COO(최고운영책임자)로 전환됩니다.

이번 조직 개편은 기업 인식과 프로젝트 개발에 대한 회사의 집중을 강화하는 데 목적이 있습니다. McClay는 일상적인 운영 및 프로젝트 개발을 감독하고, Murphy는 이해관계자 참여와 전략적 리더십에 집중하여 자본 시장에서의 경험을 활용해 투자자와의 관계를 구축할 예정입니다.

Forge Resources Corp (CSE: FRG) (OTCQB: FRGGF) a annoncé des changements stratégiques au sein de sa direction. PJ Murphy, l'actuel Président du Conseil, a été nommé nouveau Directeur Général (CEO), tandis que Cole McClay, qui occupe le poste de CEO depuis février 2021, prendra immédiatement le poste de Directeur des Opérations (COO).

Cette réorganisation vise à renforcer l'accent de l'entreprise sur la sensibilisation corporate et le développement de projets. McClay supervisera les opérations quotidiennes et le développement des projets, tandis que Murphy se concentrera sur l'engagement des parties prenantes et le leadership stratégique, tirant parti de son expérience sur les marchés de capitaux pour construire des relations avec les investisseurs.

Forge Resources Corp (CSE: FRG) (OTCQB: FRGGF) hat strategische Veränderungen in der Unternehmensführung bekannt gegeben. PJ Murphy, der derzeitige Vorsitzende des Vorstands, wurde zum neuen Geschäftsführer (CEO) ernannt, während Cole McClay, der seit Februar 2021 CEO war, mit sofortiger Wirkung in die Rolle des Chief Operating Officer (COO) wechselt.

Diese Reorganisation zielt darauf ab, den Fokus des Unternehmens auf Unternehmensbewusstsein und Projektentwicklung zu stärken. McClay wird die täglichen Abläufe und die Projektentwicklung überwachen, während Murphy sich auf die Beteiligung der Stakeholder und strategische Führung konzentrieren wird, indem er seine Erfahrung auf den Kapitalmärkten nutzt, um Beziehungen zu Investoren aufzubauen.

Positive
  • Strategic reorganization to improve operational efficiency with dedicated roles for corporate awareness and project development
  • Retention of experienced leadership with internal transitions rather than external hiring
Negative
  • None.

Vancouver, British Columbia--(Newsfile Corp. - December 4, 2024) - Forge Resources Corp. (CSE: FRG) (OTCQB: FRGGF) (FSE: 5YZ) ("FRG" or the "Company") is pleased to announce a change of senior officers. As part of a strategic reorganization to strengthen its focus on corporate awareness and project development, the Company has appointed PJ Murphy, the current Chairman of the Board, as the new Chief Executive Officer (CEO), and Cole McClay, the current CEO, will transition to the role of Chief Operating Officer (COO), effective immediately.

The change comes as part of the Company's ongoing efforts to ensure the successful advancement of its projects and to enhance its corporate awareness initiatives. With Cole McClay transitioning to the role of COO, the Company will benefit from a more focused approach to project management, while PJ Murphy will dedicate more time to engaging with stakeholders as CEO.

Cole McClay, who has served as CEO since February 2021, has been instrumental in leading Forge Resources Corp. through its various stages of growth and development. In his new role as COO, Mr. McClay will continue to focus on overseeing the day-to-day operations and development of the Company's key projects, ensuring that Forge Resources remains on track to achieve its long-term goals.

Meanwhile, PJ Murphy who has experience in engaging with capital markets, is poised to step into the role of CEO. With an increased focus on investors, Dr. Murphy will leverage his experience to build relationships with stakeholders, provide strategic leadership, and position Forge Resources for continued success and growth.

PJ Murphy, CEO, stated: "I am excited to take on this new responsibility and look forward to building stronger relationships with our investors, while continuing to drive Forge Resources forward in its development projects. Cole McClay has done an exceptional job in getting the Company to where it is today, and I am confident that we will continue to thrive with this new structure in place."

Cole McClay, COO, added: "This new role will allow me to focus even more closely on the operational aspects of our projects. I look forward to working alongside PJ Murphy and the rest of the team to ensure the continued growth and success of Forge Resources."

The Company also wishes to express its gratitude to both Cole McClay and PJ Murphy for their ongoing dedication and leadership as Forge Resources continues its efforts to advance its key projects.

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 40% interest, with an LOI in place to acquire up to 60% interest in Aion Mining Corp., a company that is developing the fully permitted La Estrella coal project in Santander, Colombia. The project contains eight known seams of metallurgical and thermal coal.

On behalf of the Board of Directors
"Cole McClay", COO 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/232434

FAQ

Who is the new CEO of Forge Resources Corp (FRGGF)?

PJ Murphy, the former Chairman of the Board, has been appointed as the new CEO of Forge Resources Corp.

What is Cole McClay's new role at Forge Resources Corp (FRGGF)?

Cole McClay has transitioned from CEO to Chief Operating Officer (COO), focusing on overseeing day-to-day operations and project development.

When did the leadership changes at Forge Resources Corp (FRGGF) take effect?

The leadership changes took effect immediately as of December 4, 2024.

FORGE RESOURCES CORP

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