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Formation Metals Inc. ( (TSE:FOMO) ) has issued an update.
Formation Metals Inc. has commenced a fully funded 10,000 metre multi-phase drill program at its N2 Gold Project near Matagami, Quebec. This project is significant due to its global historic resource of approximately 870,000 ounces of gold across several zones. The company is targeting new high-potential areas and aims to expand known auriferous zones, leveraging the current high gold prices to enhance its operations and market positioning.
More about Formation Metals Inc.
Formation Metals Inc. is a North American mineral acquisition and exploration company focused on developing its flagship N2 Gold Project in Quebec, Canada. The company operates in the mining industry, primarily dealing with gold exploration and development.
Average Trading Volume: 225,637
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$15.25M
See more data about FOMO stock on TipRanks’ Stock Analysis page.