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Foran Mining CEO Says Agreement with Teck Resources is a Win-Win
Oct. 30, 2014 01:55PM PSTBase Metals Investing
Foran Mining (TSXV:FOM) CEO Patrick Soares provided an update on the McIlvenna Bay Deposit, saying that the agreement with Teck is “a win for them, a win for us”.
Foran Mining (TSXV:FOM) CEO Patrick Soares provided an update on the McIlvenna Bay Deposit near Flin Flon, Saskatchewan. The Company recently secured an agreement to end back-in rights at its Bigstone, Balsam and Hanson properties with Teck Resources. Mr. Soares says, “it’s a win for them, a win for us; it allows our shareholders to find other partners to spend their money on exploring without diluting us.” Mr. Soares adds that Foran Mining is currently working on a Preliminary Economic Assessment to give shareholders a “true valuation of the company.”