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Formation Metals Inc. ( (TSE:FOMO) ) has shared an update.
Formation Metals Inc. announced a $6,000,000 private placement to fund its exploration activities at the N2 Gold Project in Quebec. The financing will enhance the company’s financial position, allowing it to execute a multi-phase drill program aimed at expanding its gold resource, potentially impacting its market position and stakeholder interests.
More about Formation Metals Inc.
Formation Metals Inc. is a North American mineral acquisition and exploration company, focusing on the exploration of gold resources. The company’s primary project is the N2 Gold Project in Quebec, which hosts a significant historic gold resource.
Average Trading Volume: 240,282
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$15.84M
Learn more about FOMO stock on TipRanks’ Stock Analysis page.