trajectorE Partners with Carbon Neutral Mining Developer
St. John’s, NL— February 16, 2023 trajectorE Engineering is pleased to announce the commencement of a new project with Saskatchewan Copper developer Foran Mining Corporation (TSX.V:FOM) (OTCQX:FMCXF) (“Foran”), to support the development of Canada’s first carbon-neutral copper mine located in McIlvenna Bay, Saskatchewan.
McIlvenna Bay is a copper-zinc-gold-silver rich deposit intended to be the centre of a new mining camp and is part of the prolific Flin Flon Greenstone Belt that extends from Snow Lake, Manitoba, through Flin Flon to Foran’s ground in eastern Saskatchewan, over a distance of 225km. McIlvenna Bay is the largest undeveloped VHMS deposit in the region and has a goal to become a fully carbon-neutral mining producer by utilizing renewable power sources, battery electric vehicle fleet, and other first-in-kind initiatives.
trajectorE will be leveraging their history of hands-on experience in the mining and mineral processing sector to support Foran in the areas of Operational Readiness and Commissioning. “We’re very excited to be partnering with the Foran Mining team to help develop what will be a leading example of what sustainable mining looks like in Canada. This project is perfectly aligned with our mission of partnering with Operators to realize sustainable productions.” says trajectorE CEO, Andrew Sinclair.
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About trajectorE
Founded in 2016, trajectorE is a specialty engineering firm whose mission is to partner with Operators to realize sustainable production. Specializing in Operational Effectiveness, Commissioning, Project Management and Technical Advisory Services, trajectorE is headquartered in St. John’s, Newfoundland, while servicing client across North America.
About Foran Mining
Foran Mining is a copper-zinc-gold-silver exploration and development company, committed to supporting a greener future, empowering communities and creating circular economies which create value for all our stakeholders, while also safeguarding the environment. The McIlvenna Bay project is located entirely within the documented traditional territory of the Peter Ballantyne Cree Nation. Foran also owns the Bigstone project, a resource-development stage deposit located 25km southwest of its McIlvenna Bay project.
McIlvenna Bay is a copper-zinc-gold-silver rich VHMS deposit intended to be the centre of a new mining camp in a prolific district that has already been producing for 100 years. McIlvenna Bay sits just 65km West of Flin Flon, Manitoba and is part of the world class Flin Flon Greenstone Belt that extends from Snow Lake, Manitoba, through Flin Flon to Foran’s ground in eastern Saskatchewan, a distance of over 225km.
McIlvenna Bay is the largest undeveloped VHMS deposit in the region. Foran announced the results from its Feasibility Study on February 28, 2022, outlining that current mineral reserves would potentially support an 18-year mine life producing an average of 65 million pounds of copper equivalent annually. Foran filed a NI 43-101 Technical Report for the McIlvenna Bay Feasibility Study on April 14, 2022. Foran filed a NI 43-101 Technical Report for the Bigstone Deposit resource estimate on February 11, 2022. Investors are encouraged to consult the full text of these technical reports which may be found on Foran’s profile on www.sedar.com.
Foran trades on the TSX.V under the symbol “FOM” and on the OTCQX under the symbol “FMCXF”.
Forward Looking Statements
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS
This news release contains certain forward-looking information and forward-looking statements, as defined under applicable securities laws (collectively referred to herein as “forward-looking statements”). These statements relate to future events or to the future performance of Foran Mining
All statements other than statements of historical fact are forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “continues”, “forecasts”, “projects”, “predicts”, “potentially”, “intends”, “likely”, “anticipates” or “believes”, or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “should”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements. The forward-looking statements in this news release speak only as of the date of this news release or as of the date specified in such statement.
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For more information on trajectorE: https://www.trajectorE.ca/