Forge Resources Expands Stake in Aion Mining to 80%
ByAinvest
Friday, May 30, 2025 11:59 am ET1min read
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Forge Resources has increased its stake in Aion Mining to 80% by acquiring an additional 20% interest for $2.3m. The company now owns 80% of the fully permitted La Estrella coal project, with the transaction involving a payment of shares and promissory notes. Forge Resources has also revised its flow-through private placement, with the unit price set at $0.66 and the goal to raise $1m. The gross proceeds will fund Canadian exploration expenses and flow-through mining expenditures.
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