Foran's operations are located in the Hanson Lake District, Saskatchewan, Canada, along the deposit rich Flin Flon Greenstone Belt. It is in one of the world’s only truly safe, premier mining jurisdictions and benefit from close proximity to road and rail infrastructure and access to low-cost hydroelectric power.
The Fraser Institute conducts a survey each year, asking mining industry executives about their views as to the top jurisdictions within which to operate globally. Saskatchewan regularly places in the top of the rankings, most recently in 2020, as number three globally and the top in Canada.
The formation of clusters of massive sulphide deposits is a common characteristic of VHMS belts worldwide, which make them attractive areas for exploration and development. Foran is focused on advancing and developing district-scale, carbon neutral mining operations in Hanson Lake, starting with the large tonnage McIlvenna Bay deposit. The additional properties in the Company’s portfolio provide investors with exposure to significant growth opportunities.