Forge Resources (TSE:FRG) has released an update.
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Forge Resources Corp. has commenced pilot drilling for a 170-meter underground decline, part of their Colombian coal project aiming to initiate a bulk sampling program. The project, now moving forward after weather-related delays, holds the promise of delivering high-quality coal to the global market, with expectations of strong financial returns and sustainable growth for the company. An initial 20,000 tonnes bulk sample is estimated to yield approximately 200,000 tonnes of coal, with the company already securing an offtake agreement averaging $200-$250 CAD per tonne.
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