Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Forge Resources ( (TSE:FRG) ) has shared an update.
Forge Resources Corp. has successfully closed its acquisition, increasing its interest in Aion Mining Corp. to 60%, which aligns with its growth strategy in the mining industry. The acquired funds will be used to develop Aion’s La Estrella project in Colombia, enhancing infrastructure and ensuring a strong foundation for future initiatives. The company has secured a right of first refusal to maintain its control and completed both an independent valuation and audit to affirm asset value.
More about Forge Resources
Forge Resources Corp. is a Canadian-listed junior exploration company that holds a 60% interest in Aion Mining Corp., which is developing the fully permitted La Estrella coal project in Santander, Colombia. The project contains metallurgical and thermal coal seams. Forge also has an option on the Alotta project, a potential porphyry copper-gold-molybdenum site in the Yukon Territory, Canada.
YTD Price Performance: 100.0%
Average Trading Volume: 29,430
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $65.5M
For an in-depth examination of FRG stock, go to TipRanks’ Stock Analysis page.
