Company Highlights - Forge Resources Corp. has encountered a coal seam during the underground decline development at its La Estrella coal project in Colombia, with selective extraction for lab analysis currently underway [1][2] - The coal seam measures approximately 0.5 to 1.0 meters in thickness, and channel samples are being taken to determine if it is a new seam or part of known seams [2][5] - The CEO of Forge Resources Corp. emphasized the near-term potential of the deposit and the efficiency of the decline strategy, expressing optimism for further sampling and characterization of the coal [5] Industry Context - The coal sector has seen a resurgence, with the VanEck Coal ETF reflecting strong performance due to rising global demand and tightening supply [9] - Factors contributing to this trend include sustained industrial activity in Asia, energy security concerns in Europe, and resilient thermal coal pricing [9] - The metallurgical coal markets remain robust, supported by ongoing steel production and infrastructure investment, indicating a broader recovery in the coal resource market [9]