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Formation Metals Inc. ( (TSE:FOMO) ) has provided an update.
Formation Metals has completed its initial payment as part of a property option agreement with Wallbridge Mining concerning the N2 property in Northwestern Quebec. This agreement allows Formation Metals to potentially acquire a 100% interest in the property by fulfilling financial and work commitments over six years, indicating a significant step in the company’s strategic expansion within the mineral exploration industry.
More about Formation Metals Inc.
Formation Metals Inc. is a North American mineral acquisition and exploration company focused on developing critical metal properties that are drill-ready with high-upside and expansion potential.
YTD Price Performance: -8.70%
Average Trading Volume: 107,458
See more insights into FOMO stock on TipRanks’ Stock Analysis page.