Freeman Gold Corp Receives Significant Funding Boost
Freeman Gold Corp, a Vancouver-based materials sector company specializing in the exploration and development of mineral properties containing copper, gold, and silver, has recently secured substantial funding through warrant exercises. The company, listed on the Canadian National Stock Exchange, announced on July 15, 2025, that it received CAD $4.8 million from the exercise of 60,000,000 warrants. This funding is earmarked to fully finance the feasibility study for the Lemhi Gold Project, a key initiative for the company.
The Lemhi Gold Project, being prepared by Ausenco Engineering Canada ULC, is a significant development for Freeman Gold Corp. The feasibility study is a crucial step in assessing the viability and potential profitability of the project. Bassam Moubarak, CEO of Freeman, highlighted the importance of this funding, stating that it provides the necessary capital to complete the study, thereby advancing the project towards a construction decision.
This financial development is consistent across multiple sources, including StockWatch, CEO.ca, OTC Markets, and Minenportal.de, all reporting the same details regarding the warrant exercise and its implications for the Lemhi Gold Project.
In addition to the warrant exercise, Freeman Gold Corp announced a strategic private placement and convertible unsecured debenture offering on July 17, 2025. This offering is expected to generate gross proceeds of CAD $10.5 million, further securing the company’s financial position and ensuring sufficient funding for the construction decision of the Lemhi Gold Project.
Freeman Gold Corp, with a market capitalization of CAD 33,836,512 and a price-to-earnings ratio of 1,712.96, continues to focus on its core operations within Canada. The company’s recent financial maneuvers underscore its commitment to advancing its projects and maintaining a strong presence in the materials sector.
For more information about Freeman Gold Corp and its operations, interested parties can visit their website at www.freemangoldcorp.com .