Video News/NBC London CEO Mining Conference 2025

Foran Mining Executive Chair Dan Myerson discusses the company’s transition into Canada’s next major copper producer as it nears first output from the McIlvenna Bay Project in Saskatchewan. Phase one construction is largely complete, with first copper, zinc, gold, and silver production expected in February 2026. Myerson says the team has “gone through a lot” to reach this point, from supply chain disruptions to wildfire evacuations, but the project remains on schedule with an $800 million capital cost and 65 million pounds of annual copper production. Myerson outlines the expansion path ahead, including refinancing strategies, phase two development, and a maiden Tesla Zone resource expected in the second half of 2026. He highlights Saskatchewan’s district-scale potential, strong regulatory environment, and the company’s deep support from federal and provincial governments. With multiple catalysts ahead and a strengthened balance sheet, Foran is positioning itself to become a long-life, multi-metal producer in one of Canada’s most promising emerging copper districts.