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Forge Resources benefits from high coal prices and Colombia's pro-mining government, advancing La Estrella project.

Market News
04 Sep 2026
Newsfile Corp
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Bullish
Forge Resources benefits from high coal prices and Colombia's pro-mining government, advancing La Estrella project.

Forge Resources Corp. reports strong coal prices and a new Colombian government prioritizing resource development, boosting prospects for its La Estrella coal project. Thermal coal prices reached $146.60 per tonne and coking coal $271.50, driven by global demand and supply constraints. Colombia's new administration supports mining with reduced regulatory burdens, improving investment climate. Forge also announced a private placement to raise up to $2 million to fund project development, positioning the company well for growth in 2026 and beyond.

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Trader opens 40x leveraged short on Bitcoin at $40,500 position on Hyperliquid

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