Research from Atrium Research, Atrium Research Corporation

Atrium Research

Research from Atrium Research

Atrium Research Corporation

Atrium Research provides institutional quality issuer paid research on public equities in North America. Our investment philosophy takes a 3-5 year view on equities currently being overlooked by the market. Our research process emphasizes understanding the key performance metrics for each specific company, trustworthy management teams, unit economics, and an in-depth valuation analysis. 

Our research product includes in-depth initiation reports, research notes, thematic research pieces, and company fact sheets.

Equity Bottom-Up

<ul>
<li>FRG announced key infrastructure milestones for its fully permitted La Estrella Coal Project in Santander, Colombia.</li>
<li>Over the last few weeks, the Company has provided a series of updates at both its La Estrella Coal Project and its Alotta Gold Project.</li>
<li>The Company is approaching a news heavy period as the Alotta exploration campaign is about to kick off and the La Estrella Project nears first coal.</li>
</ul>


FRG announced key infrastructure milestones for its fully permitted La Estrella Coal Project in Santander, Colombia.
Over the last few weeks, the Company has provided a series of updates at both its La Estrella Coal Project and its Alotta Gold Project.
The Company is approaching a news heavy period as the Alotta exploration campaign is about to kick off and the La Estrella Project nears first coal.


FRG: Provides Infrastructure Updates at La Estrella

<ul>
<li>FRG announced results of new Re-Os ages and geochemical findings at the Alotta Project in the Yukon.</li>
<li>The analysis confirms a Late Cretaceous age for porphyry mineralization, which is consistent with all major porphyry and epithermal deposits in the Dawson Range Gold belt, including the Casino Project.</li>
<li>The 2026 exploration program at Alotta is expected to commence in Q2.</li>
</ul>


FRG announced results of new Re-Os ages and geochemical findings at the Alotta Project in the Yukon.
The analysis confirms a Late Cretaceous age for porphyry mineralization, which is consistent with all major porphyry and epithermal deposits in the Dawson Range Gold belt, including the Casino Project.
The 2026 exploration program at Alotta is expected to commence in Q2.


FRG: Defines Porphyry Mineralization at Alotta

<ul>
<li>FRG released a project update on La Estrella, noting that the underground ramp continues to advance and coal seams have been intersected.</li>
<li>Additional ground support measures, including resin injection, self-drilling bolts, and counter-lock supports, have been deployed to manage ground challenges ahead of the planned horizontal crosscut.</li>
<li>Lab results confirm premium coal quality with calorific value of up to 13,846 BTU/lb, sulphur as low as 0.82%, and FSI up to 8.</li>
</ul>


FRG released a project update on La Estrella, noting that the underground ramp continues to advance and coal seams have been intersected.
Additional ground support measures, including resin injection, self-drilling bolts, and counter-lock supports, have been deployed to manage ground challenges ahead of the planned horizontal crosscut.
Lab results confirm premium coal quality with calorific value of up to 13,846 BTU/lb, sulphur as low as 0.82%, and FSI up to 8.


<ul>
<li>Precious metals were mixed in May amid easing geopolitical tensions, with gold down 1.7% and silver up 2.6%.</li>
<li>Mining equities finished broadly higher, with the GDX up 1.3%, GDXJ up 2.4%, despite gold’s pullback, while SILJ gained 5.8% and COPX climbed 10.7%, with the TSX up 2.1% and the S&amp;P500 up 5.4%.</li>
<li>M&amp;A momentum further accelerated in May with Equinox Gold’s ~US$5.1B all-share acquisition of Orla Mining to create North America’s second largest gold producer (~1.1Moz of annual projection), building on Agnico Eagle’s and G Mining Ventures’ large deals in April.</li>
</ul>


Precious metals were mixed in May amid easing geopolitical tensions, with gold down 1.7% and silver up 2.6%.
Mining equities finished broadly higher, with the GDX up 1.3%, GDXJ up 2.4%, despite gold’s pullback, while SILJ gained 5.8% and COPX climbed 10.7%, with the TSX up 2.1% and the S&amp;P500 up 5.4%.
M&amp;A momentum further accelerated in May with Equinox Gold’s ~US$5.1B all-share acquisition of Orla Mining to create North America’s second largest gold producer (~1.1Moz of annual projection), building on Agnico Eagle’s and G Mining Ventures’ large deals in April.


Canterra Minerals Corp - Mining Monthly: May Edition

<ul>
<li>This morning, FRG announced assay results from the rest of hole-012 as well as the results for hole-013 drilled at the Alimony Zone.</li>
<li>Hole-013 intersected 0.66 g/t Au over 112m (from 35m), including 1.04 g/t over 56m.</li>
<li>This Phase 2 program, with 50% of assays reported, has already exceeded expectations with 2 out of 2 drill holes intersecting meaningful gold intervals (~800m apart).</li>
</ul>


This morning, FRG announced assay results from the rest of hole-012 as well as the results for hole-013 drilled at the Alimony Zone.
Hole-013 intersected 0.66 g/t Au over 112m (from 35m), including 1.04 g/t over 56m.
This Phase 2 program, with 50% of assays reported, has already exceeded expectations with 2 out of 2 drill holes intersecting meaningful gold intervals (~800m apart).


Canada

Forge Resources Corp. provides exploration and mining services. The Company explores and develops gold, copper, and molybdenum, as well as metallurgical and thermal coal projects. Forge Resources serves customers worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Forge Resources (FRG CN)

FRG: Provides Infrastructure Updates at La Estrella

The Company is approaching a news heavy period as the Alotta exploration campaign is about to kick off and the La Estrella Project nears first coal.

Atrium Research

FRG: Defines Porphyry Mineralization at Alotta

The analysis confirms a Late Cretaceous age for porphyry mineralization, which is consistent with all major porphyry and epithermal deposits in the...

Atrium Research

FRG: La Estrella Coal Project Update

FRG released a project update on La Estrella, noting that the underground ramp continues to advance and coal seams have been intersected.

Atrium Research

Canterra Minerals Corp - Mining Monthly: May Edition

Mining equities finished broadly higher, with the GDX up 1.3%, GDXJ up 2.4%, despite gold’s pullback, while SILJ gained 5.8% and COPX climbed 10.7%...

Atrium Research

FRG: Phase 2 Program at Alotta Hits Big

This Phase 2 program, with 50% of assays reported, has already exceeded expectations with 2 out of 2 drill holes intersecting meaningful gold...

Atrium Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)