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The latest update is out from Formation Metals Inc. ( (TSE:FOMO) ).
Formation Metals Inc. has submitted an application for Autorisation de Travaux d’exploration à Impacts (ATI) to advance its 5,000-metre drilling program at the N2 Gold Project in Quebec. This step signifies the company’s commitment to responsible development and collaboration with local and Indigenous communities. The anticipated ATI permit will allow the commencement of drilling, focusing on the ‘A’ and ‘RJ’ zones, which have shown promising historical gold intercepts.
More about Formation Metals Inc.
Formation Metals Inc. is a North American mineral acquisition and exploration company focused on developing high-quality, drill-ready properties with significant expansion potential. Its flagship asset is the N2 Gold Project in Quebec, which boasts a global historic resource of 877,000 ounces of gold across multiple mineralized zones that remain open for expansion.
Average Trading Volume: 226,611
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$14.85M
For detailed information about FOMO stock, go to TipRanks’ Stock Analysis page.