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The latest announcement is out from Formation Metals Inc. ( (TSE:FOMO) ).
Formation Metals Inc. has announced promising results from the revaluation of historical drill core at its N2 Project, revealing significant copper and zinc intercepts. This discovery highlights the potential for a robust copper deposit alongside the existing gold resource, aligning with the company’s strategy to focus on the polymetallic prospects of the property. The findings underscore the importance of copper in the global energy transition and the increasing market value of new copper sources, positioning Formation Metals to capitalize on these trends through further exploration and development efforts.
More about Formation Metals Inc.
Formation Metals Inc. is a North American mineral acquisition and exploration company focusing on the exploration of base and precious metals. The company is actively involved in the N2 Project located in Quebec’s Casa Berardi Gold Trend, with a market focus on copper and zinc, alongside gold, within the polymetallic mineralization systems of the Matagami region.
YTD Price Performance: 69.57%
Average Trading Volume: 221,103
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$15.45M
For detailed information about FOMO stock, go to TipRanks’ Stock Analysis page.