US Edition"Bear-Pit Session" Highlights Peterson Capital's Canada Growth Conference in Montreal
- On May 16, 2025, Foran Mining announced a C$350 million non-brokered private placement to fund its McIlvenna Bay polymetallic project in Saskatchewan.
- This financing follows Foran's July 2024 commitment of up to C$315 million supporting initial development of McIlvenna Bay in the Flin Flon Greenstone Belt.
- Canada Growth Fund, Agnico Eagle Mines, Fairfax Financial, and an institutional investor committed C$349 million to support construction completion and regional exploration.
- Executive Chairman Dan Myerson emphasized that developing a project of McIlvenna Bay’s scale requires persistence, flexibility, and a focus on long-term objectives, underscoring their strategic commitment.
- Construction is 32% complete with strong cost visibility, and McIlvenna Bay remains on schedule for commercial production, promising local job creation and increased Canadian copper and zinc output.
13 Articles
13 Articles
"Bear-Pit Session" Highlights Peterson Capital's Canada Growth Conference in Montreal
MONTREAL, May 15, 2025 (GLOBE NEWSWIRE) -- Nine public company CEOs stood the test of an entertaining and highly interesting “Bear-Pit” session at a two-day Canada Growth Conference that wound up in Montreal last weekend hosted by Edmonton-based Peterson Capital.
The Hamilton Spectator
“Bear-Pit Session” Highlights Peterson Capital’s Canada Growth Conference in Montreal
MONTREAL, May 15, 2025 (GLOBE NEWSWIRE) -- Nine public company CEOs stood the test of an entertaining and highly interesting “Bear-Pit” session at a two-day Canada Growth Conference that wound up in Montreal last weekend hosted by Edmonton-based Peterson Capital.
Canada Growth Fund commits $111m for Foran Mining’s McIlvenna Bay project
Canada Growth Fund (CGF) has committed approximately C$156m ($111.6m) in a C$350m strategic non-brokered private placement by Foran Mining.The post Canada Growth Fund commits $111m for Foran Mining’s McIlvenna Bay project appeared first on Mining Technology.
Foran proposes $350 million financing to fund project completion – Resource World Magazine
Foran Mining Corp. [FOM-TSX, FMCXF-OTCQX] has announced a proposed non-brokered private placement of common shares for gross proceeds of $350 million. The company has also provided capital cost update for development of Phase 1 at its 100%-owned McIlvenna Bay VMS (volcanogenic massive sulphide) project in east-central Saskatchewan. The McIlvenna Bay property sits just 65 kilometres west of Flin Flon, Man., and is part of the world-class Flin Flo
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