Fairmont Resources Inc. (FMR:TSX-V) - June 8th 2017
Original Price: $ 0.025
Current Price: $ 0.035
Fairmont Resources Inc. (FMR:TSX-V) is a Canadian industrial minerals exploration and development company that intends to build long term cash flow through production on its strategically located projects. Fairmont is currently focused on its two dense aggregate properties, three quartzite properties located within 100km of the Port of Saguenay, Quebec, and a lithium property near Val d’Or.
Fairmont’s focus on industrial minerals is intended to reduce long term volatility, as well as to reduce the capital, time, and risk in project development. Industrial minerals have lower pricing volatility, easier permitting, and lower development costs than precious minerals, often with no milling costs. Industrial minerals have a wide variety of applications including industrial, metallurgical, infrastructure, chemical, agricultural, etc.
Management is very focused on cash flow producing properties and assets that can be started up quickly with minimal capital requirements. Like the majority of small-cap resource companies, Fairmont will require additional capital to commence production. The company has less than 40 million shares outstanding and at today’s share price (June 8), FMR’s market capitalization is just $1.25 million. As Fairmont progresses towards commercial production, investors can expect to see continued improvement in news flow as well as investor awareness for the company.
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