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. The company aims to build a diversified resource portfolio that ensures a reliable supply of essential materials, driving progress and delivering value to meet the world's evolving energy and mineral demands.

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

["The Alotta Exploration Project: A 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. Location: Yukon, Canada. Resources: Copper, Gold, Molybdenum. Project Overview: 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. 2025 Assay Highlights: Across all 2025 drilling: Every drill hole hit mineralization. Multiple zones show broad, near-surface gold intervals. The system remains open in multiple directions. Exploration drilling at Alimony Zone discovered the best gold mineralization to date. Payoff Zone: 76.93 m @ 2.03 g/t Au, including: 44.75 m @ 3.40 g/t Au, 8.16 m @ 17.7 g/t Au, 3.15 m @ 45.01 g/t Au, 1.25 m @ 105 g/t Au (core length). Alimony Zone — ALT-25-013 (Discovery Hole): 112.23 m @ 0.66 g/t Au, including: 55.53 m @ 1.04 g/t Au, 1.6 m @ 25.8 g/t Au. NI 43-101 TECHNICAL REPORT: Independent, compliant review of geology, drilling, and exploration potential for Forge Resources Corp’s Yukon property. 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. Soil Geochemistry: 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. 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. Exploration Results: The majority of results from in-soil testing confirm the persistence of these anomalies, supporting ongoing efforts to define drill targets. 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. Induced Polarization - Changeability: A 12 km-long chargeability anomaly, associated with low resistivity, was identified through induced polarization surveys, indicating potential mineralized zones. Target Definition: This anomaly coincides with soil geochemistry and other geophysical data, providing a clear target for additional drilling in 2024 and beyond. Project development: 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. 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.","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. Location: Santander, Colombia. Resources: Coal. Forge resources corp holds a 80% 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. Key Details: Forge Resources Corp. holds an option agreement on a 548-hectare mining concession in the Santander region of Colombia. The project is fully licensed for exploration to production, with an approved output of 180,000 metric tons per year, and potential for expansion. Measured, Indicated, and Inferred Resources, split 50% between High Volatile Coking and Thermal Coal. Historical Resource Estimate: Type: Qty of Seams: Measured Resources: Indicated Resources: Inferred Resources: Resources: 8, 1,846,470, 4,339,147, 16,471,037. According to SRK Consulting (UK) NI 43-101 report dated February 2012 by Paul Bright, Principal Geologist Drilling Campaign of 2023 concentrated in 5% of the area of the mining concession. Geology shows the potential to find additional coal seams. Identified Coal Quality: Thermal & Coking Coal (Main Indicators): ALT-Gross Calorific Value (BTU/lb): 11,800 to 13,900. Sulfur pct.wt: Ave. 1.6. Volatile Matter pct.wt: 34%. Free Swelling Index (FSI): < 8.0. Bulk sample ready project: Coal Mining Concession Description: Granted by Mining Agency of Columbia. Concession Number: FLG-111. Concession Life: 43 + years. Area of Concession: 548 Ha certificated hectares. Licenses Status: Ready to start underground bulk sampling: Environmental License granted. Approved exploration underground bulk sampling program to development. Historical Coal Resources: Based on: SRK Consulting NI 43-101. Coking coal: 50% high volatile. Thermal coal: 50% high BTU’s (+12,500 BTU’s). Infrastructure: Mine site on upgraded gravel road with great access to main highway. Potential buyers’ stockyards 40 kms away which is on main highway to Atlantic ports for export. Water, electricity, phone signal at project site. Simple underground bulk sample strategy: Approved Bulk Sampling Plan: Development of main portal and Inclined drift cutting all seams. Testeros / Reversed Steps Method for + 40º. Blast & Slusher for – 40º. Initial Underground Bulk Sampling Program Approved: 15,000 Mt/month (180,000 Mt/year). Dip Angle: 24º to +50º Dip. Seams Qty: 8 seams in total with the exploration done to date. Seams Width: 1 m to 1.5 m. Preliminary project advancements: Site development plan in place to show the location of infrastructure within the property boundaries. Completed: Portal construction, Mining Plaza (~5000 m2), Decline pilot drilling, Drainage works, Camp dining and kitchen, Temporary internal roads, Core shack, Warehouse, Offices. Planned / In Progress: Camp housing, Electrical substation, Improved property access road, Hoppers and processing equipment, Coal Storage, Water treatment facilities. Environment, social and community engagement: Company’s team has been actively engaging with the community and developing early actions to characterize, socialize and to impact the wellbeing of its neighbors. Education: In the municipality of Betulia, there are three schools focused on academic development and supported with infrastructure, materials, and communication resources. Additionally, these schools actively seek out training programs to enhance professional development. Water: We aim to expand water infrastructure to better serve the community by increasing water availability. Furthermore, our commitment includes full compliance with the management and treatment of water used in our mining operations. Forestation, flora and fauna: Our goals include promoting and implementing reforestation efforts in the region and ensuring the preservation of native flora and fauna habitats. Infrastructure: We are committed to ongoing improvement and maintenance of access roads to Betulia, as well as the development of infrastructure that fosters trade and business growth between Betulia and neighboring regions. Communications: Our objective is to enhance the capacity and quality of communication infrastructure in the area, providing improved access to cell phone signals and internet connectivity. Support of Other Economic Activities: We aim to encourage the establishment of new businesses that contribute to the project’s development and to enhance trade and connectivity between Betulia and other commercial destinations. Culture: We will create spaces and organize events that promote and nurture local culture, strengthen community traditions, and foster unity among residents."]

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.), Lorne Warner (President, P.Geo, Geology graduate with over 30 years of experience in mineral exploration. Worked for major companies and made significant discoveries in mining.), 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 and an MBA.), Dr. Guowei Zhang (Senior Advisor, P.Geo, Structural Geologist with over 30 years of experience and a PhD from McGill University.), Boris Cordovez Vargas (Country Manager, Strong background in coal mining and project development with experience in major companies.), Mario Alzate (Senior Mining Engineer, 50 years in coal mining, certified as a Qualified Person by the Colombian Commission of Resources and Reserves.), 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 with experience in various sectors.), Luis Carlos Herrera (Civil Engineer, Senior Civil Engineer with over 25 years of experience.), Daniel Escobar Pinzon (Junior Geologist, Junior geologist with expertise in Structural Geology and winner of the 2020 Imperial Barrel Award.), Elvira Vera Bolaño (Social and Environmental Manager, Social worker with 11+ years of experience in community projects.), Juan Carlos Zúñiga Vera (Technical Advisor, Geologist with 32 years of experience in geological-mining projects.)

Verified data last updated: 2026-05-15

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