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Formation Metals Inc. ( (TSE:FOMO) ) just unveiled an update.
Formation Metals has announced an option agreement to acquire a 100% interest in the N2 property, located in Quebec’s Casa Berardi Gold Trend. The property, which spans 87 claims and covers approximately 4,400 hectares, hosts historical gold resources of around 810,000 ounces. The acquisition, pending Canadian Securities Exchange approval, positions the company strategically in a region known for significant gold deposits and uninvestigated targets, potentially enhancing its market presence and exploration capabilities.
More about Formation Metals Inc.
Formation Metals is a North American mineral acquisition and exploration company focused on acquiring and exploring mineral properties, primarily in the mining industry.
YTD Price Performance: 0%
Average Trading Volume: 116,945
For an in-depth examination of FOMO stock, go to TipRanks’ Stock Analysis page.