Foran Mining Entering Commission Phase at Its McIlvenna Bay Project in Saskatchewan, Canada
[Click image to enlarge]
Foran Mining released a construction update for the month ending January 31, 2026 at its 100 percent owned McIlvenna Bay Project in Saskatchewan, Canada.
Project completion stands at approximately 88 percent, remains on schedule for commercial production in mid-2026 and proceeding within budget.
“McIlvenna Bay is in its final stages of construction, now 88 percent complete with wet commissioning already underway. This is where years of disciplined execution translate into production — systems are coming online, operational readiness is our focus, and we expect first concentrate shortly. As we transition from developer to producer, we are establishing a long-life, low-cost operation that will underpin Foran’s growth for decades,” said Dan Myerson, executive chairman and CEO of Foran.
“I want to thank our employees, contractors and partners for their continued commitment as we work toward delivering Canada’s next copper, zinc, gold, and silver operation,” added Myerson.
KEY ACHIEVEMENTS
• Project construction reached approximately 88 percent at month end in January and remains on schedule for commercial production mid-2026.
• Pre-commissioning activities progressed well through the month of January, and wet commissioning commenced on February 14, 2026.
• Tracking ahead of schedule on the 110kV main transmission line delivery, expected to be energized in mid-March, approximately two weeks ahead of schedule.
• The first production stope blast occurred in January, a major operational readiness milestone. Underground drilled and blasted inventory stood at approximately 215,000 tonnes at the end of January, with approximately 2 million tonnes of ore established within the planned mine sequence, supporting a disciplined transition to production.
• Underground development advanced approximately 541 meters in January, including approximately 65 meters in the priority decline heading.
• Key surface construction completion milestones include the finalization of the tailings storage facility, primary crusher, ore bin and conveyor, process plant secondary steel, liquid natural gas piping, thickeners, HVAC, and enclosing of the compressor building.
• Mechanical commissioning activities completed on key infrastructure including the primary crusher, grinding electrical room, semi-autogenous griding (SAG) and ball mills, key mechanical components within the flotation and process water circuits, and commissioning and turnover of the emergency diesel generators.
• Permanent ground support for the fresh air raise was completed in January, marking major development progress.
• Total contractor and employee workforce was approximately 826 people on site at month-end. As peak construction activities pass, it is anticipated that the workforce will gradually reduce towards steady-state production level requirements.
Foran Mining is a near-term critical minerals producer, committed to supporting a greener future and empowering communities while creating value for its stakeholders. The McIlvenna Bay project is located within the documented traditional territory of the Peter Ballantyne Cree Nation, comprises the infrastructure and works related to development and advanced exploration activities of the company, and hosts the McIlvenna Bay Deposit and Tesla Zone.
Be in-the-know when you’re on-the-go!
FREE eNews delivery service to your email twice-weekly. With a focus on lead-driven news, our news service will help you develop new business contacts on an on-going basis.
CLICK HERE to register your email address.
Copyright © 2026 Mining Connection LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
For licensing permission, .(JavaScript must be enabled to view this email address)
