Forge Resources Corp(CSE:frg)

Forge Resources Corp is a dynamic exploration and development company focused on unlocking the value of high-potential resource projects.

Investor website: https://www.forgeresourcescorp.com/

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, the company advances critical assets that provide both near-term production revenue and potential long-term resource value for stakeholders. The 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
137,106,255
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#### The Alotta Exploration Project\nA high-potential copper-gold porphyry system in the Dawson Range, Alotta is strategically located near Western Copper and Gold’s Casino deposit, one of the largest undeveloped Gold-Copper deposits in the world. Ongoing drilling continues to confirm strong mineralization, positioning Alotta as a key long-term growth asset.\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\nAcross 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[**View Technical Report (PDF)**](https://cdn.prod.website-files.com/67a514d45626e03dcb988b7f/691a691a143900158084ea29_FRG_NI_43_101_Technical_Report_Alotta_Project_effective_May_25_2025_dated_June_24_2025_17159353.pdf)\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- **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.\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#### Soil Geochemistry\n- **Anomaly Identification**: Au-in-soil and Cu-in-soil geochemical anomalies are identified, with gold and copper concentrations elevated in areas of magnetic depletion, indicative of intrusive systems.\n- **Reliable Indicators**: These anomalies, occurring in relation to large hydrothermal systems, provide reliable targets for further exploration, as they suggest the presence of mineralized zones beneath the surface.\n- **Exploration Results**: The majority of results from in-soil testing confirm the persistence of these anomalies, supporting ongoing efforts to define drill targets.\n\n#### 2023 Exploration Highlights\n**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.\n- **ALT-23-001 Results**: Intercepted 211.65 meters at 0.47 g/t Au and 190 ppm Cu.\n- **ALT-23-002 Results**: Intercepted 99.14 meters at 0.32 g/t Au and 150 ppm Cu.\n\n**Discovery Confirmation**: These results establish the continuity and potential of the mineralized zones, aligning with historical data and supporting the project’s prospective nature.\n\n#### Induced Polarization - Changeability\n- **Geophysical Survey**: A 12 km-long chargeability anomaly, associated with low resistivity, was identified through induced polarization surveys, indicating potential mineralized zones.\n- **Target Definition**: This anomaly coincides with soil geochemistry and other geophysical data, providing a clear target for additional drilling in 2024 and beyond.\n- **Exploration Advancement**: High-priority areas defined by this survey will be tested further in future programs, enhancing the understanding of the deposit’s extent and grade.\n\n#### Project development\n- Forge Resources has enlisted Archer, Cathro & Associates to lead the exploration and development efforts at the Alotta Project, ensuring a high level of expertise and precision.\n- Forge Resources completed a targeted 2 Phase drilling program in the summer of 2025, focusing on high-priority areas within the Alotta Project. The 2025 drill program completed 9 holes over, 2685.66 metres. This initiative was built on previous successes, further exploring the mineral potential of the Alimony and Commission Target areas, and reinforcing the project’s position as a world-class opportunity.\n\n### La Estrella Coal Project\nA 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.\n\n**Location**: Santander, Colombia\n\n**Resources**: Coal\n\n**Project Summary**\nForge 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- **LOI’s** to purchase **100%** of bulk sample to production from top coal buyers\n- SRK Consulting (UK) Ltd. NI 43-101 report by Paul Bright, Principal Geologist February 2012 outlining **Historical Measured/Indicated and Inferred Resources**\n- **50% High Volatile Coking –50% Thermal**\n- **Favorable market conditions & strong demand** of Colombian Coal for international markets\n- **Mining-friendly jurisdiction** with **Colombia** ranked among **top 10** producers of thermal and coking coal\n\n#### Historical Resource Estimate\nType\nQty of Seams\nMeasured Resources\nIndicated Resources\nInferred Resources\n**Resources**\n8\n1,846,470\n4,339,147\n16,471,037\n\n\n**FORGE RESOURCES CORP’S QUALIFIED PERSONS HAVE NOT DONE SUFFICIENT WORK TO CLASSIFY THE HISTORICAL SRK ESTIMATE AS CURRENT RESOURCES OR MINERAL RESERVES AND IS NOT TREATING THE HISTORICAL ESTIMATE AS CURRENT MINERAL RESERVES OR RESOURCES.**"]
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 leadership experience in various sectors. 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.), Gordon Neal (Director, Over 30 years of leadership experience in mining and capital markets. Currently CEO of World Copper Ltd. and has raised over $750 million in equity financing.)

Verified data last updated: 2026-07-03

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