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Formation Metals Inc. ( (TSE:FOMO) ) has shared an update.
Formation Metals Inc. has announced the full allocation of its $6,000,000 private placement, which will fund a multi-phase drill program at its N2 Gold Project in Quebec. The program aims to explore and expand the project’s historic gold resources, enhancing the company’s financial position and potential for future growth in the gold exploration industry.
More about Formation Metals Inc.
Formation Metals Inc. is a North American mineral acquisition and exploration company, focusing on the development of its flagship N2 Gold Project in Quebec. The company is involved in the exploration of gold resources, with a particular emphasis on expanding and developing auriferous mineralized zones.
Average Trading Volume: 245,720
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$15.84M
Learn more about FOMO stock on TipRanks’ Stock Analysis page.