Business
Forge Resources Files Business Acquisition Report Supported by Audit and Independent Valuation for Aion Mining, Fully Permitted Coal Project, Colombia
Vancouver, British Columbia--(Newsfile Corp. - August 20, 2024) - Forge Resources Corp. (CSE: FRG) (OTCQB: FRGGF) (FSE: 5YZ) ("FRG" or the "Company") is pleased
About this update from Forge Resources Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - August 20, 2024) - Forge Resources Corp. (CSE: FRG) (OTCQB: FRGGF) (FSE: 5YZ) (\"FRG\" or the \"Company\") is pleased to announce a Business Acquisition Report has been filed on SEDAR+ related to the 40% position the Company holds in Aion Mining Corp, fully permitted coal project in Santander, Colombia. Cole McClay, CEO of Forge Resources states: \"Completing the Business Acquisition Report, audit, and independent valuation marks a milestone for our company. This comprehensive analysis not only underscores our commitment to strategic growth, but also provides the support needed to drive forward with confidence and clarity.\" Completion of Audit Aion Mining in collaboration with Forge Resources, has successfully completed its audit of financial statements for the two fiscal years ending December 31, 2022, and 2023. The audit conducted by WDM Chartered Accountants confirmed the accuracy and reliability of the company's financial reporting. This successful audit underscores the Company's commitment to accountability as it continues to advance its strategic initiatives and growth plans. Completion of Valuation The Company has recently completed an independent valuation conducted by Evans and Evans, Inc., a Chartered Business Valuator (CBV), which has affirmed the company's asset value. The comprehensive assessment, which included an in-depth analysis of the company's assets, market conditions, highlights the strong value proposition of Aion Mining Corp. The valuation provides a clear and objective perspective on the company's financial standing and strategic positioning, offering valuable insights for potential future investment. About Forge Resources Corp. Forge Resources Corp. is a Canadian-listed junior exploration company focused on exploring and advancing the Alotta project, a prospective porphyry copper-gold-molybdenum project located 50 km south-east of the Casino porphyry deposit in the unglaciated portion of the Dawson Range porphyry/epithermal belt in the Yukon Territory of Canada. The Company holds a 40% interest in Aion Mining Corp., a company that is developing the fully permitted La Estrella coal project in Santander, Colombia. The project contains eight known seams of metallurgical and thermal coal. On behalf of the Board of Directors\"Cole McClay\", CEO Forge Resources ...