Foran Mining Corporation Closes Second Tranche of Non-Brokered Private Placement for Gross Proceeds of C$54M

On July 11, 2025, Foran Mining Corporation (“Foran”) announced the second tranche closing of its previously announced C$350M private placement financing for gross proceeds of approximately C$54M. The second tranche involved the issuance of a total of 18,163,758 common shares of the Company at a price of $3.00 per share. The net proceeds of the 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 Tétrault advised Foran with a team led by Roger Taplin that included Nancy Choi, Claire Lehan, Ashley Wilson, and Rebecca Wieschkowski.