Fancamp Exploration Ltd V.FNC

Alternate Symbol(s): FNCJF

Metals & Mining Industrial Metals & Minerals

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. It 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, Riley Brook 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

Fancamp Exploration Ltd > FNC needs help

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Comment by miner540on Sep 22, 2023 10:16am

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Post# 35649088

RE:FNC needs help

I think the Audit concern is that the $34M receivable is worth significantly less than that amount. See my comments on the CACR discussion board Sept 12/23.

With no agreement between the Auditors and FNC, next steps could include a third party arbitration/opinion and finally the Auditors resigning. Clearly there was no quick agreement/resolution between the two parties.

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