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Formation Metals Inc. ( (TSE:FOMO) ) has provided an announcement.
Formation Metals Inc. has mobilized its technical team to the N2 Gold Project in Quebec in preparation for a fully funded 10,000-metre drill program, part of a larger 20,000-metre multi-phase initiative. The company is in a strong financial position with over $5 million in working capital and aims to discover a significant gold deposit, leveraging the project’s historical resources and the current high gold prices.
More about Formation Metals Inc.
Formation Metals Inc. is a North American mineral acquisition and exploration company focused on the gold mining industry. Its flagship project is the N2 Gold Project located in the Abitibi subprovince of Northwestern Quebec, known for its rich gold deposits.
Average Trading Volume: 225,166
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$13.66M
For detailed information about FOMO stock, go to TipRanks’ Stock Analysis page.