VANCOUVER, BC, Dec. 20, 2024 /CNW/ - Foran Mining Corporation (TSX:FOM.TO) (OTCQX:FMCXF) ("Foran" or the "Company") is pleased to announce a conditionally approved funding commitment of up to C$20 million from Natural Resources Canada ("NRCan") through the Critical Minerals Infrastructure Fund ("CMIF"), a key program under the Canadian Critical Minerals Strategy. The funding, pending final due diligence by NRCan and the execution of a definitive contribution agreement, will support eligible expenses related to the construction of the McIlvenna Bay project's hydroelectric transmission line, an on-site substation and electrical vehicle charging infrastructure at the Company's McIlvenna Bay project.
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