VANCOUVER, BC, Dec. 20, 2024 /CNW/ - Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to announce a conditionally approved funding commitment of up to C$20 million from Natural Resources Canada ("NRCan") through the Critical Minerals Infrastructure Fund ("CMIF"), a key program under the Canadian Critical Minerals Strategy. The funding, pending final due diligence by NRCan and the execution of a definitive contribution agreement, will support eligible expenses related to the construction of the McIlvenna Bay project's hydroelectric transmission line, an on-site substation and electrical vehicle charging infrastructure at the Company's McIlvenna Bay project.

VANCOUVER, BC, Dec. 3, 2024 /CNW/ - Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to share a progress update on the construction of its 100% owned McIlvenna Bay project in Saskatchewan, Canada, alongside new photos showcasing ongoing development. The images offer a detailed look at key milestones reached during October 2024 and can be viewed in the image gallery on our website at www.foranmining.com/news-media.

VANCOUVER, BC, Nov. 26, 2024 /CNW/ - Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to announce that it has entered into an Option Agreement ("Agreement") with Voyageur Mineral Explorers Corp. (CSE: VOY) ("Voyageur") to acquire a 100% interest in Voyageur's Hanson Lake property ("Property"), located in east-central Saskatchewan, approximately 65 kilometres west-southwest of Flin Flon, Manitoba. The Property lies approximately 3km north of Foran's McIlvenna Bay Deposit and the Tesla Zone along a prospective geological trend that has been of longstanding interest to the Company (Figure 1). By consolidating the Hanson Lake Property into its exploration portfolio, Foran has strengthened its position in the region, gaining seamless access to one of the district's most geologically prospective trends.

Highlight Intercepts include 8.4m at 3.7% CuEq and 6.8m at 3.2% CuEq

New Copper-Zinc Lens Identified in Tesla Footwall

VANCOUVER, BC, Nov. 18, 2024 /CNW/ - Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to announce further copper-rich assay results from two new holes drilled into the Tesla Zone, part of Foran's 100%-owned McIlvenna Bay Property (the "Project") in Saskatchewan. These holes were designed to infill two 200 x 300m gaps in the drill hole spacing near the southern known margins of the Tesla Zone. The holes successfully encountered multiple zones of mineralization as expected, confirming the continuity of the Tesla Zone.

VANCOUVER, BC, Oct. 24, 2024 /CNW/ - Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased provide a construction update on its 100% owned McIlvenna Bay project in Saskatchewan, Canada. As of the quarter ending September 30, 2024, the project continues to advance steadily, with significant progress made across key areas of development.

Key Achievements as of September 30, 2024:

Safety performance remains strong with no Lost Time injuries year-to-date, and a workforce of approximately 141 Foran employees and over 330 contractors on-site.Significant progress was made with the completion of concrete pouring for the semi-autogenous grinding ("SAG") and ball mill monuments, nearing completion on foundation work for grinding, copper flotation, and zinc flotation areas, and pouring approximately 2,911m³ of concrete, exceeding the year-to-date plan.Key equipment, including the 275-tonne crane and SAG/ball mill components, arrived on site, with structural steel and regrind mills in transit, and the concentrate filter press and pebble crusher in final assembly or testing. Camp was fully commissioned, increasing bed capacity to approximately 450. Notable progress included commissioning the water and sewage plants, concrete work for the truck shop, and advancing earthworks on the water containment pond, pipeline, and ore pad expansion.Detailed engineering is approximately 78% complete, and 2024 and early 2025 activities including the mill foundation, process and paste plant buildings, sewage and potable water treatment plants, roads, ponds, berms, and truck shop are at approximately 97% completion.Underground development has reached a total of approximately 1,375 metres, including 1,196 metres completed year-to-date, with the decline extending 10 vertical meters below the 120-metre level.Surface construction is approximately 14% complete, with the overall schedule tracking as planned and commercial production expected in H1 2026.The images offer a detailed look at key milestones reached during the quarter and can be viewed below or in the image gallery on our website at www.foranmining.com/news-media.A video, showcasing the McIlvenna Bay project, highlighting management, key milestones and the Company's vision towards initial phase production can be viewed here.

Highlight intercepts include 31.2m at 2.7% CuEq and 3.4m at 6.6% CuEqResults Further Demonstrate the Robust Nature of Mineralization at TeslaAssays Pending from Six Additional Holes, with Further Results Expected Soon

VANCOUVER, BC, Oct. 7, 2024 /CNW/ - Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to announce additional assay results from the summer drill program at the Tesla Zone, part of Foran's 100%-owned McIlvenna Bay property in Saskatchewan. The infill summer drill program at Tesla was completed from land using directional drilling technologies and designed to further understand and confirm the continuity of Tesla between existing wider-spaced drill holes. Hole TS-24-30 targeted a 200m by 150m area and successfully intersected a wide lens of copper-rich mineralization, further demonstrating the strength and potential scale of the Tesla Zone.    

VANCOUVER, BC, Oct. 2, 2024 /CNW/ - Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to announce the execution of an amended and restated credit agreement and closing of its upsized US$250 million senior secured project credit facility (the "Credit Facility") with a fund managed by Sprott Resource Lending Corp. ("Sprott"). Funds from the Credit Facility will be used towards construction of the McIlvenna Bay project in east-central Saskatchewan as well as general corporate purposes.

VANCOUVER, BC, Sept. 23, 2024 /CNW/ - Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to share a progress update on the construction of its 100% owned McIlvenna Bay project in Saskatchewan, Canada, alongside new photos showcasing ongoing development. The images offer a detailed look at key milestones reached during August 2024 and can be viewed in the image gallery on our website at www.foranmining.com/news-media.

Geophysics and Structural Geoscience Methodically Driving Future Growth Prospects

Advancements Reveal a Significant Number of Untapped Regional Opportunities

Airborne Electromagnetic Survey Set to Launch Over New Denare West Property

VANCOUVER, BC, Sept. 19, 2024 /CNW/ - Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to provide an update on its Regional Exploration Strategy across its properties (the "Properties") in Saskatchewan, Canada. Building on two years of detailed geophysical analysis and critical insights from the Tesla Zone discovery, Foran is advancing high-priority anomalies to unlock further potential discoveries across its expansive land package. The Company's ~8,000m Summer-Fall drill program is progressing well, with a robust pipeline of targets advancing through exploration. 

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All amounts are in Canadian dollars unless stated otherwise

VANCOUVER, BC, Sept. 17, 2024 /CNW/ - Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to announce that following the receipt of all requisite shareholder approvals at the special meeting of shareholders held on Monday, September 16, 2024, it has now completed the second tranche of its previously announced $360 million private placement financings (the "Offering"), for aggregate gross proceeds of $70,950,788 (the "Second Tranche Offering").  Upon closing of the Second Tranche Offering, the full financing of $360 million previously announced on July 17, 2024 is now complete.

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

Second Tranche for Gross Proceeds of $71M Expected to Close on or about September 17, 2024

All amounts are in Canadian dollars unless stated otherwise

VANCOUVER, BC, Sept. 16, 2024 /CNW/ - Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to announce that at a special meeting of shareholders of the Company held today (the "Meeting"), the shareholders approved the resolutions required in connection with completing the second tranche of the Company's previously announced $360 million offering (the "Offering").

Highlight intersection 22m at 5.6% CuEq

New Gold and Silver-Rich Zone Identified at Tesla, Potentially Strengthening at Depth

Tesla Zone now Measures 1,200m Along Strike and up to 700m Down Dip and Remains Open in All Directions

Summer Drill Campaign Ongoing, Testing High Priority Regional Targets and Further Definition at Tesla

VANCOUVER, BC, Sept. 4, 2024 /CNW/ - Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to announce assay results from new step-out holes drilled to expand the Tesla Zone, part of Foran's 100%-owned McIlvenna Bay Property in Saskatchewan. Several holes intersected wide zones of high-grade mineralization and confirm the extensions of the Tesla Zone down-dip, which was interpreted from borehole EM modelling. In addition, several assay results also contain significant gold-rich intersections adjacent to the lower sulphide lenses, which may represent a previously unrecognized mineralization style at Tesla. Following our release of the Tesla Exploration Target on July 15, 2024, these new intersections suggest that the Tesla Zone remains open for potential expansion with further drilling.

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

Second Tranche for Gross Proceeds of $71M Expected to Close Following Special Shareholders Meeting

All amounts are in Canadian dollars unless stated otherwise

VANCOUVER, BC, Aug. 8, 2024 /CNW/ - Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to announce that it has completed the first tranche of its previously announced $360 million private placement financings (the "Offering"), for aggregate gross proceeds of $289,052,853 (the "First Tranche Offering").