Corporate News

Market Performance

Forge (FRG.CN) closed the day at CAD 0.28, down 1.67 % from the previous close. The stock trades on multiple Canadian exchanges and currently has a supply of 109.1 million shares. Its market capitalization is CAD 32.2 million, and the volume of shares traded in the last 24 hours was approximately CAD 23.5 k. The price has remained flat for the month, showing no change from the prior month‑end level.

Key technical indicators for Forge are:

  • 200‑day simple moving average: CAD 0.41
  • 52‑week high: CAD 0.76 (recorded 12 December 2025)
  • 52‑week low: CAD 0.24 (recorded 16 October 2026)

Project Update

Forge Resources Corp. announced that the underground junction at its La Estrella coal project in Santander, Colombia, has been completed. A crosscut has advanced 15 metres toward the first coal seam, with an additional 25 metres of development expected before the seam is reached.

To support continued progress, Forge will upgrade ventilation, electrical generation, and muck handling. Planned improvements include the installation of a new 30‑HP axial fan and an increase in on‑site power capacity.

The company’s CEO described the milestone as a key step toward extraction and future cash flow. The update confirms that the project remains fully permitted and that the company’s 80 % interest in Aion Mining, the entity executing the development, is progressing toward operational extraction.

Peer Activity

The following related stocks have moved in the past 24 hours:

  • Aegis Critical Energy Defenc (QESS.CN) – up 3.7 %, trading at CAD 0.26; market cap CAD 38.4 million.
  • BP Silver (BPAG.V) – down 2.44 %, trading at CAD 0.83; market cap CAD 38.2 million.
  • Tinka (TK.V) – down 1.28 %, trading at CAD 0.37; market cap CAD 38.3 million.
  • Brixton Metals (BBB.V) – down 5.0 %, trading at CAD 0.56; market cap CAD 38.4 million. Brixton Metals announced a finalized option agreement with McKnight Resources AB to acquire a full interest in the Silvergruvan exploration property in Sweden. The agreement, approved for filing by the TSX Venture Exchange, grants Brixton an exclusive, irrevocable right to purchase the property, covering a large area rich in silver and other polymetallic resources. The option allows Brixton to exercise it upon meeting specified share issuances and exploration expenditures over a three‑year period, with the possibility of acceleration. Brixton will also hold an operator role during the option period and is required to pay a royalty to McKnight upon exercise.
  • Kincora Copper Australia (KCC.V) – down 10.09 %, trading at CAD 0.96; market cap CAD 38.5 million.

Company Background

Forge Resources Corp. is a Canadian mining company listed on the Canadian National Stock Exchange. The company operates in various sectors, including gold, silver, and base metals, and focuses on exploration and development projects across multiple jurisdictions.