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Fidelity Minerals Corp ( (TSE:FMN) ) has provided an update.
Fidelity Minerals Corp. announced a proposed consolidation of its common shares, aiming to enhance marketability and facilitate additional financings. The consolidation will reduce the number of shares from approximately 108.7 million to 21.7 million, pending necessary approvals. This move is expected to improve investment appeal and support future operations, reflecting the company’s strategic efforts to strengthen its financial position and attract potential investors.
More about Fidelity Minerals Corp
Fidelity Minerals Corp. is a mining company focused on assembling a portfolio of high-quality mining assets in Peru and Canada. The company aims to delineate major deposits that could attract mid-tier and major mining companies, with projects like Las Huaquillas in Northern Peru and the Sunsets Project in British Columbia. Additionally, Fidelity holds a 25% interest in the Florina Greensands project, targeting the potassium fertilizer market.
Average Trading Volume: 76,222
Technical Sentiment Signal: Sell
Current Market Cap: C$2.72M
Learn more about FMN stock on TipRanks’ Stock Analysis page.