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Forge Resources Completes Portal Construction at La Estrella, Initiates Underground Phase

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Forge Resources Completes Portal Construction at La Estrella, Initiates Underground Phase

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Forge Resources ( (TSE:FRG) ) just unveiled an update.

Forge Resources Corp. has completed the construction of the main portal at the La Estrella coal project in Colombia, marking a critical step towards advancing underground exploration activities. This development allows the company to commence the underground phase, focusing on a 170-metre decline to secure a 20,000 Metric tonne bulk sample of coal, while emphasizing safety, environmental responsibility, and local economic contribution.

More about Forge Resources

Forge Resources Corp. is a Canadian-listed junior exploration company focused on the exploration and advancement of the Alotta project, a prospective porphyry copper-gold-molybdenum project located in the Yukon Territory, Canada. The company holds a significant interest in Aion Mining Corp., which is developing the fully permitted La Estrella coal project in Santander, Colombia, containing eight known seams of metallurgical and thermal coal.

YTD Price Performance: 94.82%

Average Trading Volume: 26,528

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $64.28M

Learn more about FRG stock on TipRanks’ Stock Analysis page.

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