Freeman Gold Corp (FMAN) News
TSXV: FMAN · Gold · Development stage
- Market cap$124.7M
- Share price$0.400
- 52-week range$0.150 – $0.460
- Shares outstanding311,676,484
- ExchangeTSXV
- Websitewww.freemangoldcorp.com
Freeman Gold Corp. (TSXV: FMAN, OTCQB: FMANF, FSE: 3WU) is a Canadian-listed gold development company focused on advancing the 100%-owned Lemhi Gold Project in Lemhi County, Idaho, USA. The Company is led by an experienced management team and board with proven track records in mine development, project financing, and value creation in the mining sector. Freeman has recently commenced advance permitting and baseline characterization for the Lemhi Gold Deposit, representing a key step in the Company's strategy to move the Lemhi Project assertively toward future development and production. Freeman's 100%-owned Lemhi Gold Project is supported by a 2026 Feasibility Study confirming a Proven and Probable Mineral Reserve of approximately 1 million ounces of gold and a 15.2-year mine life. At a base-case gold price of US$3,650 per ounce, the Project demonstrates a post-tax NPV(5%) of US$696 million, a 34.4% IRR and a 2.5-year payback period. The Project is designed as a conventional open-pit, carbon-in-leach operation with an average life-of-mine recovery of 94.8% and significant exploration upside beyond the current reserve. Located in Idaho, a well-established U.S. mining jurisdiction, Lemhi is advancing through permitting, engineering, financing and development activities. The Project comprises 30 square kilometres of highly prospective land, hosting a near-surface oxide gold resource. The pit-constrained mineral resource estimate at a 0.2 g/t Au cutoff comprises 8.356 million tonnes at 0.92 g/t Au for 247,000 ounces (oz) of gold, an Indicated Mineral Resource of 39.954 million tonnes at 0.76 g/t Au for 974,000 oz of gold, and an Inferred Mineral Resource of 10.683 million tonnes at 0.70 g/t Au for 240,000 oz of gold*. To date, 525 drill holes and 92,696 m of drilling have been completed (Murray K., Elfen S.C., Mehrfert P., Dufresne M., Brangers K., Schulte M., National Instrument 43-101 Technical Report and Feasibility Study, dated August 13, 2026; www.sedarplus.ca ). *Note: Mineral resources that are not mineral reserves do not have demonstrated economic viability.
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