Forge Resources: A Strategic Move in the Coal Mining Sector

Forge Resources Corp. (CSE: FRG) (OTCQB: FRGGF) (FSE: 5YZ) has made a strategic move in the coal mining sector by closing the acquisition of a 60% interest in Aion Mining Corp. (Aion), a fully permitted coal project located in Santander, Colombia. This acquisition not only strengthens Forge's position in the coal mining sector but also provides access to a high-quality coal resource and a well-advanced project with significant development potential.



The La Estrella coal project, fully permitted and containing eight known seams of metallurgical and thermal coal, represents a key asset in Forge's growth strategy in Colombia. With this acquisition, Forge gains significant control and influence over Aion's operations and strategic decisions, allowing it to align Aion's development plans with its own growth strategies. This strategic move enables Forge to maximize the value of the La Estrella project and further diversify its revenue streams.



The fully permitted status of the La Estrella coal project is a significant advantage for Forge Resources. With the necessary permits already in place, Forge can commence development activities immediately, reducing the timeline for generating revenue from the project. Additionally, the fully permitted status allows Forge to de-risk the project, making it more attractive to potential investors and partners. This can lead to increased funding opportunities, which can be reinvested into the project to enhance its potential returns.

The acquisition of a 60% interest in Aion Mining Corp. by Forge Resources Corp. has significant financial implications, including a substantial cash outlay and share issuance. However, the increased control and potential future benefits from Aion's operations may offset this dilution. The proceeds from the transaction will be used to further the development of the La Estrella project, which could lead to increased revenue and value for Forge Resources Corp. in the future, assuming the project is successful.

In conclusion, Forge Resources Corp.'s acquisition of a 60% interest in Aion Mining Corp. is a strategic move that enhances its position in the coal mining sector, provides access to a high-quality coal resource, and accelerates the development timeline for the La Estrella coal project. This acquisition aligns with Forge's commitment to responsible mining practices and efficient resource utilization, ensuring a brighter future for all stakeholders.