Forge Resources (FRGGF) Stock News

Forge Resources Corp. (FRGGF) has commenced drilling operations at its Alotta project in Yukon, with promising early results from the first drill hole ALT-25-007. Initial observations revealed strong mineralization within the top 25 meters, including significant veining and favorable alteration patterns. The company has also successfully closed an oversubscribed flow-through financing, raising $1,280,500.32 through the issuance of 1,940,152 units at $0.66 per unit. The 2025 drilling program plans to complete up to 4,000 meters across 12 diamond drill holes, focusing on the Payoff Zone and untested geophysical anomalies. The Payoff Zone previously yielded notable results, with hole ALT-23-001 intercepting 211.65 metres of 0.46 g/t gold in 2023. Additionally, the company issued 400,000 options to consultants, exercisable at $0.56 per share until June 5, 2027.

Forge Resources Corp. (FRGGF) has initiated its 2025 drill program at the Alotta Project in Yukon, with camp establishment and drill pad construction beginning May 26. The program includes up to 4,000 meters of diamond drilling across 12 proposed holes, targeting step-out drilling within the Payoff Zone and untested anomalies. Previous drilling success includes Hole ALT-23-001, which intercepted 211.65 meters of 0.46 g/t gold. The Alotta property spans 4,723 hectares across 230 mineral claims and shares geological similarities with Western Copper and Gold's Casino deposit, one of the world's largest undeveloped copper-gold porphyry deposits. The company's previous six drill holes have shown significant gold, copper, and molybdenum mineralization, with the upcoming program focused on evaluating potential porphyry-style mineralization.

Forge Resources Corp (FRGGF) has completed the acquisition of an additional 20% interest in Aion Mining Corp, increasing its total ownership to 80% in the fully permitted La Estrella coal project in Colombia. The transaction value of $2.29 million was paid through: - 2,232,453 common shares at $0.71 per share - $713,966 in promissory notes with 6.5% annual interest Additionally, the company revised its flow-through private placement, maintaining the $1 million target but adjusting the unit price to $0.66 per unit, increasing the offering to 1,515,152 units. Each unit includes one flow-through common share and half a warrant, with warrants exercisable at $1.00 per share for two years.

Forge Resources Corp (FRGGF) has announced significant infrastructure upgrades at its La Estrella Coal Project. The company is implementing electrical enhancements including the installation of electrical poles, high-performance lighting solutions (four 200W floodlights), and five security cameras to enable 24-hour operations in the coming weeks.

Additionally, Forge has undertaken a comprehensive road maintenance initiative to restore 10-kilometers of shared roadway, collaborating with the municipalities of Betulia and Zapatoca. The road improvements include widening access points, reinforcing structural integrity, and upgrading surfaces to support increased traffic flow and heavy equipment transport.

These infrastructure developments aim to accelerate decline development, boost productivity, and enhance operational efficiency while maintaining safety standards.

Forge Resources reports significant progress in the development of its La Estrella Coal Project. The company is advancing its decline development with a transition to a more mechanized approach, supported by newly arrived development machinery.

Key highlights:

• Enhanced equipment selection to improve development pace and operational efficiency
• Rock structure exceeding expectations in competency and stability
• Commitment to maintaining high safety and environmental standards

CEO PJ Murphy emphasized that the decline's steady progress reflects months of strategic planning. The mechanized approach, combined with new equipment, aims to accelerate development while prioritizing safety and environmental responsibility. The company trades on CSE: FRG, OTCQB: FRGGF, and FSE: 5YZ.

Forge Resources Corp (FRGGF) has announced plans to increase its ownership in Aion Mining Corp from 60% to 80% through an anti-dilution agreement. The company will acquire 3,963,807 shares for $2,299,008.06, paid through:

- 1,741,804 common shares at $0.91 per share
- $713,966.42 via promissory notes at 6.5% annual interest

The promissory notes will mature in two years or upon completion of $3 million in hard dollar financings. The transaction involves non-arm's length parties, including directors Cole McClay and Camilo Cordovez. The deal requires CSE approval, and completion is not guaranteed.

Forge Resources Corp. (FRGGF) has announced a planned 4,000-metre diamond drill program at its Alotta Property in Yukon. The program will comprise approximately 12 drill holes, each ranging from 300 to 350 metres, targeting step-outs in the Payoff Zone and unexplored geophysical and geochemical anomalies.

The Alotta Property is strategically located 40 kilometers south of Western Copper's Casino Deposit, one of the world's largest undeveloped gold-copper porphyry deposits. Previous exploration, consisting of six diamond drill holes totaling 2,659 metres, has revealed significant gold, copper, and molybdenum mineralization associated with quartz-sericite-pyrite alteration.

The spring/summer 2025 exploration program, designed in collaboration with Archer Cathro and Associates, will focus on a 4 km by 1 km area. The initiative is driven by current record-high gold prices and aims to advance the property's development potential.

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) has completed an executive site visit to its fully permitted La Estrella coal project in Santander, Colombia. The visit focused on inspecting the development of a planned 170-metre decline aimed at accessing high-quality coal seams for a 20,000 metric tonne bulk sampling program.

Project Director Emelio Genes led the team, accompanied by a Canadian mining engineer, in reviewing technical engineering aspects of the underground decline construction. The project is reported to be on schedule with ongoing scaling of underground operations.

During the visit, the executive team also explored various regions of Colombia to evaluate additional coal concessions and engage with local industry stakeholders, seeking opportunities to expand their project portfolio in one of the world's top thermal and coking coal producing countries.