Forge Resources Corp. reports company developments tied to mineral exploration at the Alotta Project in Yukon, including diamond drilling, gold assay results, geochemical findings, zone-level updates, and Re-Os dating of porphyry-style mineralization. News also covers its 80% interest in Aion Mining Corp. and the La Estrella coal project in Colombia.
Forge Resources news also includes capital-structure updates such as private placements, flow-through units, warrants, compensation securities, and Canadian securities offering exemptions, along with operating summaries and governance-related company matters.
Forge Resources (FRGGF) has completed the underground junction and advanced the crosscut 15 metres at its La Estrella coal project.
The junction connects the ramp to the crosscut, which is advancing directly toward the coal seams at the fully permitted project in Santander, Colombia. Forge expects to encounter the first of eight known coal seams after approximately 25 metres of additional development.
The company plans ventilation, power and mucking upgrades to support further underground development. Planned electrical generation capacity would increase from 60 kW to 175 kW to support expanded ventilation and new equipment.
Forge Resources (FRGGF) appointed Kevin Budd as a special advisor, adding a former Methanex executive to its team. Budd founded Monashee Capital in 2003 and previously served as a senior officer and vice president at Methanex.
Forge plans to grant Budd 250,000 stock options and directors and officers another 1,400,000, all exercisable at $0.34 per share for five years from grant. It also plans to award an officer 470,000 restricted share units, scheduled to vest on January 24, 2027. Forge has cancelled 1,850,000 options previously granted to officers: 1,100,000 on August 11 and 750,000 on August 21, 2026.
Forge Resources (FRGGF) reported visual drilling results and initial interpretations from the 2026 program at the Alotta Project in Yukon’s Dawson Range Gold Belt.
The company drilled 2,792 m in six holes across the Commission, Payoff and Severance zones, completing the 2026 program. Mineralization and alteration have been intersected in every hole drilled at Alotta to date over a footprint of more than 4 km, supporting the presence of several porphyry centres. Hole ALT-26-021, the deepest on the property at 651 m, is mineralized and altered along its entire length. Visible gold was intercepted in hole ALT-26-020 at 217 m in the Payoff Zone. Hole ALT-26-019 in the Severance Zone intersected altered and mineralized porphyry along most of its length. The company interprets the system as multi-centre, with assays pending.
Forge Resources (FRGGF) closed its previously announced best-efforts brokered private placement of 8,000,000 units at $0.25 per unit for gross proceeds of $2,000,000 on September 15, 2026.
Each unit comprises one common share and one warrant, with each warrant exercisable at $0.40 per share until September 15, 2028. The units were issued under the Listed Issuer Financing Exemption in most Canadian provinces (excluding Quebec) and qualifying foreign jurisdictions and are not subject to a statutory hold period in Canada. Net proceeds will be used as described in the offering document dated September 4, 2026. Forge paid the agent a 7.0% cash commission and issued compensation warrants equal to 7.0% of the offering, each exercisable into one unit at $0.25 until September 15, 2028, subject to a four-month-plus-one-day hold.
Forge Resources (FRGGF) has completed the underground ramp to operational depth at its fully permitted La Estrella coal project in Santander, Colombia and has started driving the crosscut toward the coal seams as of September 8, 2026.
The junction from the ramp into the crosscut has been engineered with a perpendicular support arch and steel transition portal to tie the new heading into the existing structure. The crosscut will begin with a 12.4 m² TH29 support section, then shift to a 9.0 m² support section that is expected to enable faster advance toward La Estrella’s stacked sequence of known coal seams, a near‑term milestone on the path to extraction and cash flow. The company highlights sustained strength in international coal prices and early signs of a more supportive Colombian policy stance toward resource development.
Forge Resources (OTCQB: FRGGF) reported completion of its 2026 diamond drilling at the Alotta Project in Yukon’s Dawson Range Gold Belt, totaling 2,792 m in six holes across the Severance, Payoff and Commission zones. All core has been processed and samples submitted to ALS for assays.
At the Payoff Zone, hole ALT-26-020 intersected a 1 cm quartz vein with visible gold at 217 m, within broader biotite‑silica altered porphyry hosting sulphide-bearing quartz veins. Phase 2 deep hole ALT-26-021 at the Commission Zone was drilled to 651 m, intersecting porphyry-style veining, strong alteration and abundant molybdenite-bearing stockwork and sheeted quartz veins over most of its length.
The Phase 2 program contributed 963 m from two holes. According to Forge Resources, ALS Canada is conducting gold fire assays and multi‑element ICP analyses under a documented QA/QC protocol. Technical disclosure was reviewed and approved by a Qualified Person under NI 43‑101.
Forge Resources (CSE: FRG, OTCQB: FRGGF, FSE: 5YZ) has completed Phase 1 diamond drilling at its Alotta Project in Yukon’s Dawson Range Gold Belt, finishing four holes totaling 1,829.24 m ahead of schedule and under budget across the Severance, Payoff and Commission zones.
At the Commission Zone, hole ALT-26-018, the deepest on the project to date at 565 m, intersected increasing biotite and magnetite alteration, dense quartz stockwork veining, and visible chalcopyrite and molybdenite toward the bottom, interpreted as a higher-temperature porphyry centre. All assays are pending from ALS after QA/QC. Phase 2 drilling, already underway at the Payoff Zone, will include deep holes targeting the interpreted core of the Commission Zone. Separately, the company agreed to settle debt and other claims with former President Lorne Warner and Geocon via $100,000 in monthly payments starting July 1, 2026 and issuance of 250,000 shares, subject to CSE approvals.
Forge Resources (OTCQB: FRGGF) reported progress on its 2026 Phase 1 drilling at the Alotta copper‑gold project in Yukon. About 1,800 m across four holes (roughly 70% of the program) are complete.
Two Commission Zone holes (1,017 m) cut biotite‑magnetite alteration, quartz stockwork, and visible chalcopyrite-molybdenite, which the company interprets as a higher-temperature porphyry system. One Payoff Zone hole tested a magnetic anomaly; assays from 2026 holes are pending. Earlier Payoff drilling returned up to 211.65 m at 0.47 g/t Au and shorter high-grade intervals. Forge was also named a “Top 5 Pick” at the CEM Capital Event, reflecting investor interest in Alotta and the La Estrella coal project.
Forge Resources (OTCQB: FRGGF) has started its largest diamond drill campaign at the Alotta project in Yukon’s Dawson Range Gold Belt.
The 2026 program totals about 2,500 m, testing new geophysical anomalies and step-outs at the Payoff, Severance, Commission and Alimony zones, supported by prior long gold-copper intercepts.
Forge Resources (OTCQB: FRGGF) announced completion and full payment of core infrastructure at its fully permitted La Estrella coal project in Santander, Colombia. Key surface facilities now operating include Phase 1 mining camps, a purpose-built power and mechanical station, upgraded road access, and active reforestation.
The initial camp houses more than 24 underground miners and staff, with foundations designed for future expansion. A dedicated on-site power/compressor station supports scalable underground operations. About 70 metres of heavy-duty concrete access road were built via community collaboration, while around 1,600 trees were planted in the past quarter under environmental and ESG commitments.