Forge Resources Corp (OLD)(CSE:frg)

About

Forge Resources Corp is a dynamic exploration and development company focused on unlocking the value of high-potential resource projects. With a strong commitment to responsible mining, operational excellence, and sustainability, we advance critical assets that provide both near-term production revenue and potential long-term resource value for our stakeholders. Our mission is to build a diversified resource portfolio that ensures a reliable supply of essential materials through strategic exploration and responsible development.

Verified company data

Cash position

$1.27M

Shares outstanding

98.47 M

Fully diluted shares

136,156,255

Mineral resource

Alotta Project Overview: Location and Size: The Alotta property comprises 230 mineral claims, covering a total of 4,723 hectares, situated in the Dawson Range gold belt in Yukon, Canada. Strategic Positioning: The property is located approximately 40 kilometers southeast of Western Copper and Gold’s (TSX: WRN) Casino deposit, one of the largest undeveloped gold-copper deposits in the world, highlighting its proximity to a globally significant mineral resource. Geological Advantage: Unlike many regions, Alotta has experienced no glaciation, meaning there has been no dispersion or expansion of in-soil geochemical anomalies. This preservation enhances the accuracy and potential of exploration efforts targeting gold and copper mineralization. Scale and Potential: Positioned as a world-class opportunity, Alotta targets one of the least-explored yet highly prospective Gold-Copper areas in the Dawson Range gold belt, offering untapped potential for significant mineral discovery and development. The Alotta Project stands out as a premier exploration opportunity due to its placement within the same intrusive complex as the Casino deposit, a well-known mineralized system. This geological alignment, combined with the absence of glacial activity, provides a unique setting for identifying and evaluating high-potential targets, making it a cornerstone of Forge Resources’ portfolio. Regional Structural Framework Geological Context: The Tinina and Deena faults, shown on regional maps, are critical structural features that influence the potential mineralization at Alotta. These faults create pathways for mineral-rich fluids, enhancing the prospectivity of the area. Structural Support: The structural framework, including major fault movement, supports the potential for porphyry-style deposits, similar to those observed in neighboring regions, such as the Casino deposit. Exploration Strategy: Magnetometric (MT) data, ranging from 30 to 60 Hz, and hydrothermally altered rocks are utilized to identify and target mineralized areas, providing a robust foundation for exploration planning. The regional structural framework of the Alotta Project is a key factor in its exploration potential. The presence of major faults and altered rock formations indicates a favorable environment for porphyry-style gold-copper mineralization, aligning with the geological characteristics of the broader Dawson Range gold belt. 2023 Exploration Highlights Diamond Drilling Program: In November 2023, a diamond drilling program tested a total of 844 meters across two drill holes, ALT-23-001 and ALT-23-002, revealing significant gold and copper intersections. ALT-23-001 Results: Intercepted 279 meters at 0.46 g/t Au and 151 ppm Cu. ALT-23-002 Results: Intercepted 192 meters at 0.94 g/t Au and 350 ppm Cu. Discovery Confirmation: These results establish the continuity and potential of the mineralized zones, aligning with historical data and supporting the project’s prospective nature. La Estrella Coal Project A fully permitted metallurgical and thermal coal project, La Estrella is advancing towards a revenue generating initial 20,000-tonne bulk sample. Positioned for revenue, the mine has a 45-year lifespan and permitted for 180,000 Mt annual coal production. Forge resources corp holds a 60% interest in permitted coal project About Aion Mining Corp. Aion Mining controls the FLG-111 concession that covers 548 Ha in a region of historic and current coal mining. Historical exploration within this concession area has determined the property to host several coking and thermal coal seams. Aion holds historical NI 43-101 and Annual CRIRSCO technical reports. The project is road accessible, water, electricity, and phone signal on site. Current coal stockyards approximately 40 kilometres away on main highway to Atlantic ports for export. Aion Mining Corp. -A Strategic Investment with a Potential Path to Generating Revenue: The property contains eight known seams of metallurgical and thermal coal shown from recent and historical diamond drilling programs and surface exposures The project is fully permitted under Colombian Law, including environmental licensing Location and existing regional coal mining infrastructure is excellent Recently completed a drill program that further confirms the existence and location of seams and contained coal quality Diverse and experienced Colombian management team consisting of mining and civil engineers, geologists, and an experienced social and environmental manager Country manager was formerly a member of the Board of Directors of the Federation of Colombian Coal Producers. Aion will proceed with performing underground bulk sampling of the different seams

Projects

["### Alotta Exploration Project\nA high-upside copper-gold porphyry system in a proven mining district, strategically positioned for long-term growth.\n\n**Location**: Yukon, Canada\n\n**Resources**: Copper, Gold, Molybdenum\n\n**Project Overview**:\n- **Location and Size**: The Alotta property comprises 230 mineral claims, covering a total of 4,723 hectares, situated in the Dawson Range gold belt in Yukon, Canada.\n- **Strategic Positioning**: The property is located approximately 40 kilometers southeast of Western Copper and Gold’s (TSX: WRN) Casino deposit, one of the largest undeveloped gold-copper deposits in the world, highlighting its proximity to a globally significant mineral resource.\n- **Geological Advantage**: Unlike many regions, Alotta has experienced no glaciation, meaning there has been no dispersion or expansion of in-soil geochemical anomalies. This preservation enhances the accuracy and potential of exploration efforts targeting gold and copper mineralization.\n- **Scale and Potential**: Positioned as a world-class opportunity, Alotta targets one of the least-explored yet highly prospective Gold-Copper areas in the Dawson Range gold belt, offering untapped potential for significant mineral discovery and development.\n\n**2025 Assay Highlights**:\n- Across all 2025 drilling:\n - Every drill hole hit mineralization\n - Multiple zones show broad, near-surface gold intervals.\n - The system remains open in multiple directions\n - Exploration drilling at Alimony Zone discovered the best gold mineralization to date.\n\n**Payoff Zone**:\n76.93 m @ 2.03 g/t Au, including:\n- 44.75 m @ 3.40 g/t Au\n- 8.16 m @ 17.7 g/t Au\n- 3.15 m @ 45.01 g/t Au\n- 1.25 m @ 105 g/t Au (core length)\n\n**Alimony Zone — ALT-25-013 (Discovery Hole)**:\n112.23 m @ 0.66 g/t Au, including:\n- 55.53 m @ 1.04 g/t Au,\n- 1.6 m @ 25.8 g/t Au\n\n**NI 43-101 TECHNICAL REPORT**:\n_Independent, compliant review of geology, drilling, and exploration potential for Forge Resources Corp’s Yukon property._\n\n**Regional Structural Framework**:\n- **Geological Context**: The Tinina and Deena faults, shown on regional maps, are critical structural features that influence the potential mineralization at Alotta. These faults create pathways for mineral-rich fluids, enhancing the prospectivity of the area.\n- **Exploration Strategy**: Magnetometric (MT) data, ranging from 30 to 60 Hz, and hydrothermally altered rocks are utilized to identify and target mineralized areas, providing a robust foundation for exploration planning.\n\n### La Estrella Coal Project\nA fully permitted metallurgical and thermal coal project designed for near term cash flow and long-term scalability.\n\n**Location**: Santander, Colombia\n\n**Resources**: Coal\n\n**Project Summary**:\n- Forge Resources Corp holds an option agreement on a 548 ha mining concession located in Santander region of Colombia:\n - **Fully licensed, from Exploration to Production:** Approved 180,000 Mt/year possibility to increase\n - **Environmental License granted** Mining concession granted for 43 + years\n - **Historical Resource Estimate**: 1,846,470 Measured, 4,339,147 Indicated, 16,471,037 Inferred Resources according to SRK Consulting (UK) NI 43-101 report dated February 2012.\n- **Infrastructure**: Mine site on upgraded gravel road with great access to main highway, water, electricity, phone signal at project site.\n- **Initial Underground Bulk Sampling Program Approved**: 15,000 Mt/month (180,000 Mt/year).\n- **Seams Qty**: 8 seams in total with the exploration done to date, 5 major potentially economic seams (all outcropping).\n- **Seams Width**: 1 m to 1.5 m."]

Leadership

PJ Murphy (CEO; Director, Highly experienced investor with over 25 years in management across healthcare and real estate sectors. Holds a Bachelor of Science from McGill University and a Doctor of Dental Surgery from Dalhousie University.), Cole McClay (COO; Director, Seasoned operations leader with over a decade of experience in mining, exploration, agriculture, and healthcare. Holds a Bachelor of Commerce from Royal Roads University.), Scott Davis (CFO, CPA, Over 25 years of experience as a CPA in mining and oil and gas industries. Partner at Cross Davis & Co. LLP.), Matthew Warder (Senior Advisor, Energy, metals, and mining analyst with nearly two decades of experience. Founder and CEO of Seawolf Research.), Russell Ball (Senior Advisor, CPA, Former Executive VP and CFO of Goldcorp Inc. with nearly 20 years at Newmont Mining Corporation.), Patrick Bonner (Special Advisor, Investor with over 25 years of experience in junior mining, equity markets, and real estate. Holds a Bachelor of Science from Dalhousie University and an MBA from Saint Mary’s University.), Dr. Guowei Zhang (Senior Advisor, P.Geo, Structural Geologist with over 30 years of experience. PhD from McGill University.), Boris Cordovez Vargas (Country Manager, Strong background in coal mining and project development.), Mario Alzate (Senior Mining Engineer, 50 years in coal mining, expert in mine planning and operations management.), Emilio Gene (Project Manager, Mining Engineer with 16 years of experience in underground coal mining.), German Andres Garcia Quintero (Mining Engineer, Over 6 years of experience in underground coal mining.), Camilo Cordovez Amador (VP Finance, 14 years in investment banking and project development.), Luis Carlos Herrera (Civil Engineer, Over 25 years of experience in civil engineering and water management.), Daniel Escobar Pinzon (Junior Geologist, Expertise in Structural Geology and GIS.), Elvira Vera Bolaño (Social and Environmental Manager, 11+ years in community projects for oil and mining industries.), Juan Carlos Zúñiga Vera (Technical Advisor, Geologist with 32 years of experience in geological-mining projects.)

Verified data last updated: 2026-06-12

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