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Fancamp Exploration Ltd V.FNC

Alternate Symbol(s):  FNCJF

Fancamp Exploration Ltd. is a Canadian mineral exploration company. The Company is focused on strategic interests in its high potential mineral projects, royalty portfolio and mineral properties. The Company is focused on an advanced asset play with a portfolio of mineral claims across Ontario and Quebec, Canada, including copper, gold, zinc, titanium, chromium, strategic rare-earth metals, and others. The Company has investments in an existing iron ore operation in the Quebec-Labrador Trough, a rare earth elements company, NeoTerrex Minerals Inc., in addition to an investment in a zinc mine in Nova Scotia. It is developing an energy reduction and titanium waste recycling technology with its advanced titanium extraction strategy. Its properties include Clinton Property, Stoke Property, DiLeo Property, Grasset Property, Gaspe Bay Group Property (including Boisbuisson and St. Marguerite), and other properties. The Clinton Property is located in the Appalachian region.


TSXV:FNC - Post by User

Comment by FromSudburyon May 22, 2024 12:13pm
69 Views
Post# 36052128

RE:Path forward

RE:Path forwardAs I've said recently, I do like the KWG deal; for several reasons.

 -- FNC is quietly accumulating KWG shares through interest payments
 -- at some point, KWG will need to satisfy the $34.5 million loan in shares
 -- It's likely KWG will need to extent the loan agreement on terms favorable to FNC; perhaps FNC uses their leverage and negociates a deal for the Magpie special shares??
 -- at any time that a suiter makes a move for KWG, FNC will realize the full value of the $34.5 loan plus interst plus warrants
  - given the current market cap is less than the value of the CIA shares, and realized value in the 10's of millions for KWG shares will move FNC's stock price materially. 

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