Canada Growth Fund announces strategic investment in Foran Mining, a Western Canadian-based critical minerals mining company

VANCOUVER, BC, May 14, 2025 /CNW/ - Canada Growth Fund Inc. ("CGF") is pleased to announce its cornerstone participation in a $350M strategic non-brokered private placement (the "Private Placement" or "Offering") by Foran Mining Corporation (TSX:FOM.TO) ("Foran" or the "Company"), a Saskatchewan-operating copper mining company involved in the exploration, development and operation of mineral properties. CGF has agreed to commit approximately $156M alongside co-investors including Agnico Eagle Mines Limited (TSX:AEM.TO) ("Agnico"), a blue-chip Canadian mining company, certain affiliates of Fairfax Financial Holdings Limited (TSX:FFH.TO) (collectively, "Fairfax"), a Canadian holding company which, through its subsidiaries, is primarily engaged in property and casualty insurance and reinsurance and the associated investment management, as well as a significant institutional equity investor. Foran's flagship asset is the 100%-owned McIlvenna Bay Project (the "Project"), a polymetallic deposit along the Flin Flon Greenstone Belt and is Canada's only copper and zinc deposit currently under construction.