Major Milestone With Energization Of McIlvenna Bay Transmission Line

VANCOUVER – Foran Mining Corporation reported successful energization of the dedicated power transmission line connecting the McIlvenna Bay Project in Saskatchewan to the electrical grid near Saskatchewan Power Corporation’s Island Falls Hydroelectric Generating Station. The newly energized line was completed ahead of schedule and on budget, representing a significant infrastructure milestone for the McIlvenna Bay Project and providing secure, reliable and sustainable power to support the operation as the Company continues commissioning.
Major infrastructure milestone achieved with the successful energization of Foran’s dedicated 85 kilometre, 110 kV transmission line connecting the McIlvenna Bay Project to SaskPower’s electrical grid at the Island Falls Hydroelectric Facility. It provides secure, reliable and sustainable power to McIlvenna Bay, supporting commissioning of the processing plant, underground operations and site infrastructure as the Project advances toward production. This was constructed in partnership with SaskPower, Saskatchewan’s provincial electric utility and a key infrastructure partner for the Project. Is designed with additional line load capacity, supporting potential future mine expansions and broader development across the Company’s district.
Dan Myerson, Executive Chairman and CEO, said, “Energizing the McIlvenna Bay transmission line ahead of schedule and on budget is another major step forward as we continue growing what we believe will become one of Canada’s most important new copper mining districts. At a time when global geopolitical instability and rising fuel prices are creating increasing uncertainties, having direct access to stable, renewable power is a strategic advantage. It reinforces our vision of building a modern, resilient mining operation that is both economically competitive and aligned with the global transition to electrification. This milestone not only strengthens the long-term foundation for McIlvenna Bay, but it also positions Foran to deliver the critical metals that the world needs to target a low carbon footprint for generations to come.”