Freeman Gold Advances Lemhi Project with New Feasibility Study

Freeman Gold Corp ( (TSE:FMAN) ) just unveiled an announcement.

Freeman Gold Corp. has provided a corporate update on its Lemhi Gold Project, highlighting the awarding of a Feasibility Study to Ausenco, expected to be completed by late Q1 2026. The company is undertaking several activities to support this study, including metallurgical programs, drilling, and geotechnical work, with updated pricing assumptions reflecting current market conditions. The project has shown promising economic potential with a high-grade, low-cost open pit operation and significant leverage to higher gold prices. Freeman is advancing permitting initiatives and has appointed David Keough to its board to support the project’s development. The company anticipates significant economic benefits for Idaho, including job creation, and plans to provide further updates on the project’s progress.

Spark’s Take on TSE:FMAN Stock

According to Spark, TipRanks’ AI Analyst, TSE:FMAN is a Neutral.

Freeman Gold Corp’s stock score is driven by a strong balance sheet and positive corporate developments, suggesting potential for future growth. However, financial performance challenges and valuation constraints weigh on the overall score. The upward technical momentum and strategic corporate events offer optimism, but the company’s immediate revenue and cash flow issues require resolution to improve its financial outlook.

To see Spark’s full report on TSE:FMAN stock, click here.

More about Freeman Gold Corp

Freeman Gold Corp. is a mineral exploration company focused on the development of its 100% owned Lemhi Gold property. The project spans 30 square kilometers of prospective land, hosting a near-surface oxide gold resource. The company aims to grow and advance the project towards a production decision.

Average Trading Volume: 261,066

Technical Sentiment Signal: Buy

Current Market Cap: C$30.68M

Find detailed analytics on FMAN stock on TipRanks’ Stock Analysis page.