Foran has successfully completed the first tranche of a $350 million non-brokered private placement offering

On March 14, Foran Mining Corporation announced a non-brokered private placement offering of common shares for gross proceeds of $350 million. Completion of the first tranche of the offering saw the issuance of 98,502,909 common shares of the Company, each priced at $3.00, resulting in gross proceeds of $295,508,727. Closing of the second tranche is expected to occur in July 2025. The net proceeds from this offering will be allocated towards completing the construction at McIlvenna Bay and advancing exploration at nearby and regional targets. 

Foran Mining Corporation based in Vancouver, Canada is a copper-zinc-gold-silver exploration and development company.

McCarthy Tetrault advised Foran Mining Corporation with a team led by Roger Taplin that included Ashley Wilson, Claire Lehan (business) and Nancy Choi (Mining).