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Foran Announces Strategic Investments by Fairfax Financial, Agnico Eagle and other Cornerstone Investors, Formal Construction Decision for Phase 1 at McIlvenna Bay and Advances Planning for Phase 2 - Foran Mining (OTC:FMCXF)

Summary by Benzinga
Strategic Investment by Cornerstone Investors supports McIlvenna Bay's Development and Future Upside Opportunities Project Finance Credit Facility to be Expanded to US$250 Million Board of Directors Formally Approves Construction, led by G Mining Services, with Commercial Production Expected in H1 2026 Initial Tesla Exploration Target of 28-45Mt at 2.2-3.2% CuEq Highlights Future Exploration Potential All amounts are in Canadian dollars unless …

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Benzinga broke the news in New York, United States on Monday, July 15, 2024.
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