Foran Mining Corporation has launched an at-the-market (ATM) equity offering of common shares for up to C$50 million, as detailed in its Prospectus Supplement dated July 29, 2025. The offering is made under a Distribution Agreement with a syndicate of agents led by National Bank Financial Inc., and including BMO Nesbitt Burns Inc. and Stifel Nicolaus Canada Inc. The Offered Shares will be sold from time to time through the agents in “at-the-market distributions” under National Instrument 44-102.

Sales will occur on the Toronto Stock Exchange (TSX) or other Canadian marketplaces, priced at market rates at the time of sale. On July 28, 2025, Foran’s shares closed at C$2.61 on the TSX and US$1.90 on the OTCQX, equivalent to about C$2.61 using the Bank of Canada exchange rate of US$1.00 = C$1.3723.

There is no minimum raise, and agents are not required to sell a set amount. The TSX has conditionally approved listing the Offered Shares, pending final requirements.

McCarthy Tétrault LLP is legal counsel to Foran, while Borden Ladner Gervais LLP advises the agents.