Mr. P.J. Murphy reports
FORGE RESOURCES ENCOUNTERS ADDITIONAL COAL DURING RAMP DEVELOPMENT AT LA ESTRELLA, APPLIES TO THE CRITICAL MINERALS INSTITUTE
Forge Resources Corp. has encountered two additional coal seams while advancing the underground ramp at its fully permitted flagship La Estrella coal project in Colombia and application to the Critical Mineral Institute (CMI).
Forge is encouraged by this development and the ongoing advancement of its underground ramp. Underground development at La Estrella continues to progress steadily, with advancement of the main underground ramp reinforcing the continuity of the coal-bearing system. These two coal seams are consistent with prior observations, further strengthening confidence in the coal deposit and supporting the geological model across the project area.
P.J. Murphy, chief executive officer, states: "Finding the two additional coal seams highlights the near-term potential of our deposit and underscores the efficiency of our underground ramp development. Underground development activities continue to advance steadily, supported by a fully deployed operational team in the main underground ramp. Forge continues to make excellent progress on advancing the ramp towards the eight underground coal seams. We look forward to further progress."
Development activities remain active, with a focus on maintaining consistent advance rates while optimizing underground conditions to support safe and efficient operations. The underground ramp serves as the primary access to the underground workings and remains a central component in unlocking the long-term potential of the project.
Critical Minerals Institute (CMI),
Forge is pleased to announce that it has applied to join the Critical Minerals Institute (CMI), a leading industry organization focused on advancing the understanding and strategic development of critical mineral supply chains globally.
Strategic context
Forge's anticipated participation in the Critical Minerals Institute aligns with its broader strategy of positioning its Colombian coal asset within evolving global frameworks that increasingly recognize metallurgical coal as a strategically important input for steel production and industrial supply chains.
Metallurgical coal is increasingly viewed as a strategic material supporting industrial resilience, steel manufacturing capacity and defence-related supply chains, reflecting its importance in the production of high-grade steel used across infrastructure, energy systems and national security applications. This shift has contributed to growing policy and market recognition of metallurgical coal within critical materials frameworks.
Through its anticipated membership in CMI, Forge gains access to a network of industry participants, policymakers and technical experts engaged in critical minerals and strategic materials development, supporting the company's ongoing technical validation and market positioning efforts.
Forge will continue advancing its metallurgical and thermal coal project in parallel with its engagement in the critical minerals sector.
About Forge Resources Corp.
Forge Resources is a Canadian-listed junior exploration company. The company holds an 80-per-cent interest in Aion Mining Corp., a company that is developing the fully permitted La Estrella coal project in Santander, Colombia. La Estrella contains eight known seams of metallurgical and thermal coal.
The company also holds an option on the Alotta project, a prospective porphyry copper-gold-molybdenum project consisting of 230 mineral claims that cover 4,723 hectares, located 50 kilometres southeast of the Casino porphyry deposit in the unglaciated portion of the Dawson Range porphyry/epithermal belt in the Yukon Territory of Canada.
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