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The latest update is out from Freeman Gold Corp ( (TSE:FMAN) ).
Freeman Gold Corp. reported a pivotal 2025 at its Lemhi Gold Project, highlighted by $10.5 million in new financing, robust updated economic metrics at higher gold prices, successful drilling to expand and convert resources, and Phase 4 metallurgical testing confirming average gold recoveries of more than 95% via a conventional carbon-in-leach process. These milestones materially strengthen Lemhi’s projected economics, support potential mine-life expansion, de-risk processing and environmental aspects, and set the stage for an updated mineral resource estimate in early 2026 that will underpin a planned feasibility study and move the project closer to a production decision.
The most recent analyst rating on (TSE:FMAN) stock is a Hold with a C$0.22 price target. To see the full list of analyst forecasts on Freeman Gold Corp stock, see the TSE:FMAN Stock Forecast page.
Spark’s Take on TSE:FMAN Stock
According to Spark, TipRanks’ AI Analyst, TSE:FMAN is a Neutral.
The score is held back primarily by weak financial performance (no revenue, widening losses, and continued cash burn). Offsetting factors include improving technical trend and several positive project milestones (metallurgy, drilling, feasibility advancement, strategic investor), while valuation remains constrained by negative earnings and no dividend support.
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 advancing its 100%-owned Lemhi Gold Project in Idaho, a 30 square kilometre property hosting a near-surface oxide gold resource compliant with NI 43-101 standards. The company targets low-cost, open-pit gold development, positioning Lemhi as a leveraged play on gold prices within the North American precious metals sector.
Average Trading Volume: 472,250
Technical Sentiment Signal: Buy
Current Market Cap: C$83.06M
Learn more about FMAN stock on TipRanks’ Stock Analysis page.