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TSX-V:

FMAN

FWB:

3WU

OTCQX:

FMANF

Capital Structure (as at April 21, 2026)

Common Shares Issued and Outstanding:                  307,626,484

Stock Options:                                                                      23,675,000
USD $0.65 Warrants Expiring November 29, 2026:       19,130,804
$0.18 Warrants Expiring February 6, 2027:                     55,000,000
$0.22 Warrants Expiring August 18, 2030:                         27,777,770
Restricted Share Units:                                                          2,150,000
Convertible Debt:                                                                   27,777,770
Fully Diluted:                                                                         463,137,828

Financials

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

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 use

      • 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

Want to know more? Reach out to us today.

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