AMR
AM RESOURCES CORP.
stock CVE

I have recently been looking into Forge Resources corp. ($FRGGF or $FRG.CN), the stock is up nearly 50% in the past month and I just saw that the CEO chucked in $500k into their recent private placement, that was enough for me to take a closer look.
Most of these jr mining companies either burn cash for years with no revenue or just dilute shareholders into oblivion. Forge is actually positioned to bring in money while still chasing exploration upside, which is pretty rare.
They’ve got two projects, but the coal mine in Colombia is what really caught my attention. It’s fully permitted, and they’re about to ship their first bulk sample, which should pull in around $4M. More importantly, they already have Letters of Intent from top coal buyers to purchase 100% of the bulk sample and future production. That’s a huge difference from most juniors that extract a bulk sample and then scramble to find buyers. If everything goes to plan, they’ll reach production in 2025, and this thing becomes a cash-flowing operation. The CEO straight-up said in a recent interview that they plan to use this revenue to fund exploration instead of constantly raising money, which would keep dilution in check.
On the exploration side, they’ve got the Alotta project in the Yukon, near the massive Casino deposit. It’s early days, but they drilled six holes and hit gold in all of them, which is a strong start. They’re planning for more drilling in May to follow up on those results.
The other thing that stood out is the team. Matt Warder, who was a key part of taking a coal company from $3 to $400 per share ($AMR), is advising them and helping with acquisitions. They’re already looking at picking up more coal projects in Colombia and the U.S., so they’re thinking bigger than just these two assets. Their country manager in Colombia also has deep industry connections, which is probably how they landed a fully permitted mine with buyers lined up (that is not even close to an easy thing to do lol)
So you’ve got a junior miner with cash flow incoming, actual demand for their product, and an exploration project with strong early results. Feels like a way better setup than most of the stuff in this space. Curious if anyone else has looked into this.
Also, this is by no means financial advice, I am just a random dude on reddit. There is so much to this company so please do your own research

I have recently been looking into Forge Resources corp. ($FRGGF or $FRG.CN), the stock is up nearly 50% in the past month and I just saw that the CEO chucked in $500k into their recent private placement, that was enough for me to take a closer look.
Most of these jr mining companies either burn cash for years with no revenue or just dilute shareholders into oblivion. Forge is actually positioned to bring in money while still chasing exploration upside, which is pretty rare.
They’ve got two projects, but the coal mine in Colombia is what really caught my attention. It’s fully permitted, and they’re about to ship their first bulk sample, which should pull in around $4M. More importantly, they already have Letters of Intent from top coal buyers to purchase 100% of the bulk sample and future production. That’s a huge difference from most juniors that extract a bulk sample and then scramble to find buyers. If everything goes to plan, they’ll reach production in 2025, and this thing becomes a cash-flowing operation. The CEO straight-up said in a recent interview that they plan to use this revenue to fund exploration instead of constantly raising money, which would keep dilution in check.
On the exploration side, they’ve got the Alotta project in the Yukon, near the massive Casino deposit. It’s early days, but they drilled six holes and hit gold in all of them, which is a strong start. They’re planning for more drilling in May to follow up on those results.
The other thing that stood out is the team. Matt Warder, who was a key part of taking a coal company from $3 to $400 per share ($AMR), is advising them and helping with acquisitions. They’re already looking at picking up more coal projects in Colombia and the U.S., so they’re thinking bigger than just these two assets. Their country manager in Colombia also has deep industry connections, which is probably how they landed a fully permitted mine with buyers lined up (that is not even close to an easy thing to do lol)
So you’ve got a junior miner with cash flow incoming, actual demand for their product, and an exploration project with strong early results. Feels like a way better setup than most of the stuff in this space. Curious if anyone else has looked into this.
Also, this is by no means financial advice, I am just a random dude on reddit. There is so much to this company so please do your own research