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Forge Resources Corp
Symbol FRG
Shares Issued 93,354,731
Close 2025-04-30 C$ 0.95
Market Cap C$ 88,686,994
Recent Sedar Documents

Forge Resources continues La Estrella decline work

2025-05-01 10:50 ET - News Release

Mr. P.J. Murphy reports

FORGE RESOURCES PROVIDES PROGRESS UPDATE IN DECLINE DEVELOPMENT AT FULLY-PERMITTED LA ESTRELLA COAL PROJECT

Forge Resources Corp. has made significant progress in its continuing development initiatives, with noteworthy advancements in the decline at La Estrella.

Advancement of La Estrella decline

The company's decline is progressing swiftly, marking a significant step forward in its strategic development. This milestone is particularly encouraging as the company transitions to a more mechanized approach, bolstered by the recent arrival of an enhanced selection of development machinery. The new equipment is expected to significantly improve the pace of progress, optimize operational efficiency, and ensure adherence to stringent safety and quality protocols.

Moreover, the company is highly satisfied with the observed rock structure. The competency and stability of the rock have exceeded expectations, providing additional confidence in the project's feasibility and long-term success. Forge remains committed to leveraging these favourable conditions to further expedite development while maintaining the highest standards of environmental and operational responsibility.

P.J. Murphy, chief executive officer, stated: "The steady progress of our decline represents many months of strategic planning. The transition to a more mechanized approach, coupled with the arrival of additional equipment, is expected to accelerate development while upholding our commitment to safety, efficiency and environmental responsibility."

About Forge Resources Corp.

Forge Resources is a Canadian-listed junior exploration company. The company holds a 60-per-cent interest with a with a formalized agreement in place to acquire 80 per cent in Aion Mining Corp., a company that is developing the fully permitted La Estrella coal project in Santander, Colombia. La Estrella contains eight known seams of metallurgical and thermal coal. The company also holds an option on the Alotta project, a prospective porphyry copper-gold-molybdenum project located 50 kilometres southeast of the Casino porphyry deposit in the unglaciated portion of the Dawson Range porphyry/epithermal belt in Yukon, Canada.

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