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Formation Metals Inc. ( (TSE:FOMO) ) just unveiled an update.
Formation Metals Inc. has received clearance for its Form 211 submission to FINRA, allowing its shares to qualify for trading on the OTCQB Venture Market in the United States under the symbol ‘FOMTF’. This uplisting is part of Formation’s strategy to enhance its visibility and attract a broader investor base, as it positions itself as a leader in the precious metals industry. The company is preparing for a fully funded 5,000-metre maiden drill program at its N2 Gold Project, which has a historic resource of 877,000 ounces of gold. The project, located in Quebec, shows significant potential for expansion, with gold prices currently at nearly $3,300, making it an opportune time for exploration.
More about Formation Metals Inc.
Formation Metals Inc. is a North American mineral acquisition and exploration company focused on the precious metals industry. The company is involved in the exploration of gold properties, with a significant focus on its flagship N2 Gold Project located in Quebec, Canada.
Average Trading Volume: 225,536
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$14.85M
For detailed information about FOMO stock, go to TipRanks’ Stock Analysis page.