Foran Mining Advances Rare Tier-One Copper Asset in Saskatchewan
Foran Mining (TSX: FOM; OTCQX: FMCXF) is preparing to bring Canada’s next copper mine online. Executive Chair Dan Myerson joins Kitco Mining at the 2025 NBF CEO Mining Conference in London to give an update on the McIlvenna Bay build in Saskatchewan. Phase one carries an $800 million capital cost and is set to produce 65 million pounds of copper per year starting February 2026. Despite port closures, airline strikes, tariff shocks, and wildfire evacuations, Myerson says the team “overcame a significant amount of adversity” and the project “has gone incredibly well.”
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