$FRG.CN

2 stories mentioning FRG.CNUpdated 47d ago

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Forge Resources to Apply for Export Permits to Ship Coal Samples to a U.S. Laboratory

Forge Resources (FRG.CN) on Tuesday said it will apply for export permits to send representative coal samples from its La Estrella Colombian project to a U.S.-based laboratory for advanced metallurgical and thermal testing.If approved, the samples would be analyzed by Matexcel to assess key thermal and steelmaking characteristics, including coke strength, fluidity, ash composition, volatile matter, sulfur content, and overall carbon performance, the company added.Results will inform classification within global thermal and metallurgical coal markets and guide further technical planning, it said.Shares of the company were last seen down $0.01 to $0.47 on the Canadian Securities Exchange.Price: $0.47, Change: $-0.01, Percent Change: -2.08%

$FRG.CN

Mining & Metals52d ago

Forge Resources Raises $6 Million After Closing Second Tranche of Private Placement

Forge Resources (FRG.CN) closed the second tranche of its previously announced brokered private placement financing, it said Thursday.The company issued an aggregate of 5.3-million flow-through units that intend to qualify as "flow-through shares" at $0.50 apiece for $2.7 million. The offering was completed for total proceeds of $6 million.Each FT unit consists of one common share issued on a "flow-through" basis and one common share purchase warrant with each warrant entitling the holder to buy a share for a three-year period expiring May 7, 2029, at $0.70 per warrant share.Proceeds will be used to incur exploration expenses that qualify as "Canadian exploration expenses". Such expenses will be incurred on or before Dec. 31, 2027, and renounced to purchasers of the FT units with an effective date no later than Dec. 31, 2026, it said.Shares of the company were last seen up 1.2% at $0.435 on the Canadian Securities Exchange.Price: $0.44, Change: $+0.01, Percent Change: +1.16%

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