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Formation Metals Inc. ( (TSE:FOMO) ) has issued an update.
Formation Metals Inc. has received all necessary permits to commence a 10,000-metre drill program at its N2 Gold Project, which boasts a historic resource of approximately 877,000 ounces of gold. With a strong financial position and a fully funded exploration budget, the company aims to expand its gold resources significantly, leveraging the current high gold prices to advance its operations and potentially uncover a multi-million-ounce deposit.
More about Formation Metals Inc.
Formation Metals Inc. is a North American mineral acquisition and exploration company focused on developing advanced gold projects. The company’s primary focus is on the N2 Gold Project, located within the Abitibi Greenstone Belt in Northwestern Quebec, known for its rich gold mining history.
Average Trading Volume: 202,349
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$14.65M
See more insights into FOMO stock on TipRanks’ Stock Analysis page.