Forge Resources Provides Update at Fully-Permitted La Estrella Coal Project, and Appointment of Marketing Firm
Forge Resources Corp (OTCQB: FRGGF) has reported progress at its La Estrella coal project, highlighting the completion of the main portal and ongoing underground development of a 170-metre decline for a 20,000-tonne bulk sampling program. The company is currently evaluating proposals for on-site housing facilities to accommodate miners and engineers.
The mining camp construction will utilize local labor and sustainably sourced materials, supporting regional economic development while maintaining cost efficiency in Colombia. The company is also exploring opportunities to expand its Colombian coal project portfolio through potential acquisitions of both producing and pre-permitted concessions.
Additionally, Forge Resources has engaged Machai Capital Inc. for a 3-month digital marketing services agreement starting April 10, 2025, with a fee of CAD 285,000.
Forge Resources Corp (OTCQB: FRGGF) ha riportato progressi nel suo progetto minerario di carbone La Estrella, evidenziando il completamento del portale principale e lo sviluppo sotterraneo in corso di una discesa di 170 metri per un programma di campionamento di massa di 20.000 tonnellate. L'azienda sta attualmente valutando proposte per strutture abitative sul posto per ospitare minatori e ingegneri.
La costruzione del campo minerario utilizzerà manodopera locale e materiali provenienti da fonti sostenibili, supportando lo sviluppo economico regionale mantenendo l'efficienza dei costi in Colombia. L'azienda sta anche esplorando opportunità per espandere il proprio portafoglio di progetti minerari di carbone in Colombia attraverso potenziali acquisizioni di concessioni sia produttive che pre-autorizzate.
Inoltre, Forge Resources ha ingaggiato Machai Capital Inc. per un contratto di servizi di marketing digitale di 3 mesi a partire dal 10 aprile 2025, con una tariffa di 285.000 CAD.
Forge Resources Corp (OTCQB: FRGGF) ha informado sobre los avances en su proyecto de carbón La Estrella, destacando la finalización del portal principal y el desarrollo subterráneo en curso de un descenso de 170 metros para un programa de muestreo a granel de 20,000 toneladas. La empresa está evaluando actualmente propuestas para instalaciones de vivienda en el lugar para albergar a mineros e ingenieros.
La construcción del campamento minero utilizará mano de obra local y materiales obtenidos de manera sostenible, apoyando el desarrollo económico regional mientras se mantiene la eficiencia de costos en Colombia. La empresa también está explorando oportunidades para expandir su cartera de proyectos de carbón en Colombia a través de posibles adquisiciones de concesiones tanto productivas como preautorizadas.
Además, Forge Resources ha contratado a Machai Capital Inc. para un acuerdo de servicios de marketing digital de 3 meses que comenzará el 10 de abril de 2025, con una tarifa de 285,000 CAD.
Forge Resources Corp (OTCQB: FRGGF)는 La Estrella 석탄 프로젝트에서의 진행 상황을 보고하며, 주요 포털의 완공과 20,000톤 대량 샘플링 프로그램을 위한 170미터 하강의 지속적인 지하 개발을 강조했습니다. 회사는 현재 광부와 엔지니어를 수용하기 위한 현장 주택 시설 제안을 평가하고 있습니다.
광산 캠프 건설은 지역 노동력과 지속 가능한 자재를 활용하여 콜롬비아에서 비용 효율성을 유지하면서 지역 경제 발전을 지원합니다. 또한, 회사는 생산 중인 및 사전 허가된 양허권의 잠재적 인수 통해 콜롬비아 석탄 프로젝트 포트폴리오를 확장할 기회를 탐색하고 있습니다.
추가로, Forge Resources는 2025년 4월 10일부터 시작되는 3개월 디지털 마케팅 서비스 계약을 위해 Machai Capital Inc.와 계약을 체결했으며, 수수료는 285,000 CAD입니다.
Forge Resources Corp (OTCQB: FRGGF) a rapporté des progrès dans son projet de charbon La Estrella, mettant en avant l'achèvement du portail principal et le développement souterrain en cours d'une pente de 170 mètres pour un programme d'échantillonnage en vrac de 20 000 tonnes. L'entreprise évalue actuellement des propositions pour des installations de logement sur site afin d'accueillir des mineurs et des ingénieurs.
La construction du camp minier utilisera de la main-d'œuvre locale et des matériaux provenant de sources durables, soutenant le développement économique régional tout en maintenant l'efficacité des coûts en Colombie. L'entreprise explore également des opportunités d'élargir son portefeuille de projets de charbon colombiens par le biais d'acquisitions potentielles de concessions productives et préalablement autorisées.
De plus, Forge Resources a engagé Machai Capital Inc. pour un contrat de services de marketing numérique de 3 mois commençant le 10 avril 2025, pour un montant de 285 000 CAD.
Forge Resources Corp (OTCQB: FRGGF) hat Fortschritte bei seinem Kohlenprojekt La Estrella berichtet und dabei den Abschluss des Hauptportals und die laufende unterirdische Entwicklung eines 170-Meter-Abhangs für ein 20.000-Tonnen-Massensampling-Programm hervorgehoben. Das Unternehmen bewertet derzeit Vorschläge für Wohnanlagen vor Ort, um Bergleute und Ingenieure unterzubringen.
Der Bau des Bergbau-Camps wird lokale Arbeitskräfte und nachhaltig beschaffte Materialien nutzen, um die regionale wirtschaftliche Entwicklung zu unterstützen und gleichzeitig die Kosten in Kolumbien effizient zu halten. Das Unternehmen untersucht auch Möglichkeiten zur Erweiterung seines kolumbianischen Kohlenprojektportfolios durch potenzielle Akquisitionen sowohl produzierender als auch vorab genehmigter Konzessionen.
Darüber hinaus hat Forge Resources Machai Capital Inc. für einen 3-monatigen Vertrag über digitale Marketingdienstleistungen ab dem 10. April 2025 engagiert, mit einer Gebühr von 285.000 CAD.
- Main portal construction completed and underground development underway
- Progress toward 20,000-tonne bulk sampling program
- Planned expansion of project portfolio through potential acquisitions
- Significant marketing expense of CAD 285,000 for just 3 months of services
- No current revenue generation from operations
- Additional capital requirements for mining camp construction
Vancouver, British Columbia--(Newsfile Corp. - April 10, 2025) - Forge Resources Corp. (CSE: FRG) (OTCQB: FRGGF) (FSE: 5YZ) ("FRG" or the "Company") is pleased to share progress on the La Estrella coal project. With the main portal construction fully completed (Figure 1), underground work on the 170-metre decline is advancing steadily to access high quality coal seams for the 20,000-tonne bulk sampling program. Additionally, the Company has invested in new materials and equipment to support development efforts, ensuring the project stays on track for its revenue-generating goals.
PJ Murphy, CEO of Forge Resources, stated: "As we continue to make significant progress at our fully permitted La Estrella coal project, I am immensely proud of the strides our team has achieved. The active underground development is underway, complemented by the completion of critical site fixturing and the procurement of key equipment to support the current phase of operations. We are making significant progress on our growth strategy at Forge Resources Corp."
Figure 1. Works plaza and completed portal
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Mining Camp Construction Proposals
The Company is currently evaluating multiple proposals and designs (Figure 2) for the construction of the on-site housing facilities to accommodate our expanding team of miners and engineers. This initiative reflects our commitment to providing comfortable, efficient, and secure housing solutions that enhance the well-being and productivity of our workforce. The implementation of onsite accommodations will enable all shifts to remain on location, ensuring seamless operational continuity and significantly reducing transit times for our dedicated personnel. We anticipate commencing construction of the mining camp promptly upon finalizing the design and selecting the construction partner.
Additionally, Forge Resources Corp is dedicated to utilizing local labor and sustainably sourced materials for the construction of the mining camp facilities. By employing skilled workers from the surrounding communities and integrating eco-friendly building practices, the project supports economic development in the region while aligning with our commitment to environmental stewardship. The cost advantages of building in Colombia further amplify the value of this initiative, enabling efficient resource allocation while delivering high-quality housing solutions. This approach not only strengthens community ties but also ensures the construction process is economically beneficial.
Figure 2. Proposed floor plans for camp accommodations
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Project Prospecting
Forge's executive team continues to actively pursue opportunities to enhance its portfolio of Colombian coal projects. Preliminary discussions are currently being held to explore the potential acquisition of new concessions, including those already in production and others progressing through the permitting process. These efforts align with the Company's dedication to sustainable and responsible resource development.
Marketing
The Company has entered into a marketing and distribution service agreement with an arm's-length marketing firm Machai Capital Inc. of Vancouver, B.C., to provide digital marketing services to increase corporate awareness for a term of 3 months starting April 10, 2025. The media disseminated will be generated using publicly available information. The Company will pay Machai a cash fee of
About Forge Resources Corp.
Forge Resources Corp. is a Canadian-listed junior exploration company. The Company holds a
On behalf of the Board of Directors
"PJ Murphy", CEO Forge Resources Corp.
info@forgeresources.com
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 Aion Acquisition. 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. In particular, there can be no assurance that the Proposed Transaction will be completed as described or at all. 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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