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Foran Closes US$250M Upsized Project Finance Credit Facility

Newswire.ca - Wed Oct 2, 5:00AM CDT

VANCOUVER, BC, Oct. 2, 2024 /CNW/ - Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to announce the execution of an amended and restated credit agreement and closing of its upsized US$250 million senior secured project credit facility (the "Credit Facility") with a fund managed by Sprott Resource Lending Corp. ("Sprott"). Funds from the Credit Facility will be used towards construction of the McIlvenna Bay project in east-central Saskatchewan as well as general corporate purposes.

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