Foran Mining Secures $217 Million, Powering the Next Phase at McIlvenna Bay

Foran Mining Corporation (TSX:FOM) is excited to announce a milestone funding achievement, having raised $217,000,000 to drive forward its ambitious exploration and development initiatives. As a diversified exploration company focused on central Canada's renowned Flin Flon mining belt, Foran Mining continues to demonstrate its commitment to delivering shareholder value and advancing the mining industry. The freshly secured capital will be strategically deployed to accelerate development efforts at the Company’s flagship McIlvenna Bay Project in east central Saskatchewan, just 65 kilometres west of Flin Flon. This project, recognized as the largest undeveloped VMS deposit along the prolific Flin Flon Greenstone Belt, represents a significant opportunity in a region known for its mining-friendly regulatory environment and robust geological potential. Under the leadership of a seasoned management team with a proven track record of transforming exploration success into productive outcomes, Foran Mining is poised to further enhance its operational capacity and boost resource discovery and extraction technologies. The funding will not only support advanced exploration techniques but also enable the implementation of innovative project management practices and environmental stewardship standards. By investing in cutting-edge technology and expanding its on-ground initiatives, the Company aims to unlock hidden value within the McIlvenna Bay project while bolstering investor confidence through tangible progress in turning mineral potential into profitable production. This milestone represents a significant vote of confidence by the investment community in Foran Mining’s strategic vision, operational excellence, and long-term growth prospects in the evolving global mining landscape.