Forge Resources Corp. announced the successful closing of its acquisition of an increased interest in Aion Mining Corp., bringing its total ownership to 60%. The company paid $5,308,955.68 in consideration, primarily in shares. This strategic move aims to propel the development of Aion's La Estrella coal project in Colombia. Forge Resources also secured a right of first refusal for four years, ensuring its continued controlling interest in Aion.
") is pleased to announce that, further to its previous news release dated February 12, 2025, it has formally closed the acquisition of a further interest in Aion Mining Corp., , which has affirmed the company's asset value. WDM Chartered Professional Accountants has performed an audit of Aion Mining Corp. to align with the ongoing audit requirements of Company. Forge Resources Corp. is a Canadian-listed junior exploration company. The Company holds a 60% interest in Aion Mining Corp.
Certain of the statements made and information contained herein may contain forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, information concerning the Aion Acquisition.
The Council said the updates reflect the latest industry knowledge and guide companies to strengthen the governance and long-term stability of closed facilities.Exxon, SLB flag interest in lithium projects in Chile, sources sayActivist investor Palliser Capital and more than 100 other shareholders last year sought a resolution over a review of Rio Tinto's dual-listed model.
ACQUISITION MINING AION MINING CORP. FORGE RESOURCES CORP. LA ESTRELLA PROJECT COAL
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Forge Resources Corp. Acquires Additional 20% Stake in Aion Mining Corp.Forge Resources Corp. announced the acquisition of an additional 20% interest in Aion Mining Corp., bringing its total ownership to 60%. The transaction, valued at $5,308,955.68, will be funded through the issuance of shares and a right of first refusal for Forge to maintain its stake. Both companies plan to utilize the proceeds for the development of the La Estrella coal project and general expenses.
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