TSX-V:

FMAN

FWB:

3WU

OTCQX:

FMANF

Capital Structure

307,626,484

Common Shares Issued and Outstanding as at February 18, 2026.

Executive Summary

View

PFIC Annual Statement

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Financials

Year 2025

Fourth Quarter Report	FS	MDA
Third Quarter Report	FS	MDA
Second Quarter Report	FS	MDA
First Quarter Report	FS	MDA

Year 2024

Fourth Quarter Report	FS	MDA
Third Quarter Report	FS	MDA
Second Quarter Report	FS	MDA
First Quarter Report	FS	MDA

Year 2023

Fourth Quarter Report	FS	MDA
Third Quarter Report	FS	MDA
Second Quarter Report	FS	MDA
First Quarter Report	FS	MDA

Year 2022

Year End Report	FS	MDA
Third Quarter Report	FS	MDA
Second Quarter Report	FS	MDA
First Quarter Report	FS	MDA

Year 2021

Annual Information Form	AIF
Year End Report	FS	MDA
Third Quarter Report	FS	MDA
Second Quarter Report	FS	MDA
First Quarter Report	FS	MDA

2025 AGM Materials

Notice-and-Access Notice (Notice of Availability of Proxy Materials)	PDF
Notice of Meeting	PDF
Management Information Circular	PDF
Form of Proxy	PDF
Financial Statements Request Form	PDF

Analyst Coverage

Echelon Capital Markets

Gabriel Gonzalez, CFA

P: 647-484-7285

E: ggonzalez@echelonpartners.com

Videos

https://vimeo.com/737943821https://www.youtube.com/watch?v=4zxXK3Tmzr8https://www.youtube.com/watch?v=0FCLhwgvaoshttps://www.youtube.com/watch?v=isNW8QSDyfE

Investment

Highlights

• • • Maiden Preliminary Economic Assessment (“PEA”) complete with after-tax NPV(5%) of US$212.4 million and IRR of 22.8% using a base case gold price of US$1,750/oz
      • • • After-tax NPV (5%) of US$ 349 million and IRR of 32.1% using gold price of 2,050 US$/oz
          • LOM cash costs US$812/oz Au and all-in sustaining cash costs (“AISC”) of
US$960/oz Au
          • Average annual gold production of 80,390 oz Au in the first 8 years of production
          • LOM payable output of 854,090 oz Au
    • Updated NI43-101 compliant mineral resource estimate (April 10, 2023) defining high grade, oxide, near surface gold deposit. Phase 2 2022 drill program completed >13,000 meters of fill and expansion drilling over 57 holes; successfully increased resource by >22% maintaining >1 g/t average grade:
      • • • 988,100 oz Au at 1.00 g /t Measured & Indicated
          • 234,700 oz Au at 1.01g / t Inferred
    • Deposit remains open to the north and south within a large, prospective untested land package
    • 100% Owned Advanced Project located in Idaho (USA), a top ranked mining jurisdiction
    • Permitting advantage: open pit, leachable resource primarily on privately owned patented ground
    • Awarded water rights for both mining and domestic us
    • Top tier management team with impressive track record of success in the mining industry

Value Proposition

• From asset purchases, to M&A, to strategically entering the state, it is clear that Idaho is one of the most sought after gold mining jurisdictions.
• The peer comparables demonstrate that there is a premium for a US based gold company with 1.5-2m oz.

• Highly experienced management team.
• The majority of historical drilling was done via RC, many holes ended in mineralization.

Looking Forward

PHASE 1 COMPLETE

• 7,149m of oriented diamond drilling designed to upgrade historic resource estimate with initial twin and infill drilling within the main zone completed in 2020
• Maiden NI43-101 compliant resource completed July 2021
• Extensive historical data compiled and integrated to database
• Metallurgical testing program nearing completion, using 2012 and 2020 drill core
• Regional ground exploration program completed, generating 11 high quality targets, many of which are newly discovered areas.

PHASE 2 TO FOLLOW

• Second phase of drilling will commence targeting brownfields intercepts on strike and at depth
• This round of drilling will focus on areas outside of the initial resource already identified by historical drilling
• Target is to increase the maiden compliant resource to 1.5M-2M oz of contained gold

FAST TRACK TO PRODUCTION; THE LEMHI ADVANTAGE

• Over 90% of known mineralization located within patented claims, offering a distinct permitting advantage
• Studies and work completed by previous operators offer a superior starting point
• Metallurgical testing indicates excellent leach response amenable to heap leach or column leach processing

Talk to our team

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