- CEO
- Bassam Moubarak
- Sector
- Basic Materials
- Industry
- Gold
- Address
- 505 Burrard Street Vancouver BC Canada V7X 1M5
- IPO Date
- Jan 8, 2021
- Business
- Freeman Gold Corp. (TSXV:FMAN, OTCQB:FMANF, FSE:3WU) is a mineral exploration company focused on advancing its 100%-owned flagship Lemhi Gold Project in Lemhi County, Idaho, USA; the project comprises 10 patented mining claims, 1 patented millsite, 333 unpatented claims and recently acquired additional 46 unpatented claims covering approximately 6,739 acres of mineral rights and 615 acres of surface rights, hosting a near-surface, high-grade oxide gold deposit with an updated NI 43-101 compliant mineral resource estimate of 988,100 ounces gold at 1.00 g/t indicated and 234,700 ounces at 1.01 g/t inferred; a maiden Preliminary Economic Assessment outlines after-tax NPV(5%) of US$212.4 million and IRR of 22.8% at US$1,750/oz gold, with average annual production of 80,390 oz over the first 8 years, life-of-mine payable gold of 854,090 oz, cash costs of US$812/oz and AISC of US$960/oz. Founded in 2018 and headquartered in Vancouver, British Columbia, Canada, the company targets North American gold markets through systematic exploration, resource expansion drilling, metallurgical testing, geotechnical programs and feasibility study advancement on the Lemhi deposit, which remains open along strike and at depth within a large prospective land package; operations emphasize permitting advantages on primarily privately held patented ground, awarded water rights for mining and domestic use, and heap-leach amenable mineralization with average gold recoveries exceeding 95%. Recent developments include securing 100% project ownership via final option payment and acquisition of 46 unpatented claims in August 2025; closing convertible debenture and strategic private placement financings in August 2025; receiving US$4.8 million from warrant exercises in July 2025 to fund feasibility study; completion of expansion and infill drill programs totaling over 3,000 meters in 34 holes by June-October 2025 confirming high-grade intercepts such as 1.5 g/t Au over 22.9m and 0.37 g/t over 120.4m; appointment of Ausenco to lead feasibility study in February 2025; welcoming strategic insider investor Brian Paes-Braga with 5 million share purchase in October 2025; and updated gold price sensitivity showing post-tax NPV(5%) of US$648 million at US$2,900/oz in April 2025.