Flow Metals Corp. Enhances Financial Position and Advances Exploration Projects

Flow Metals Corp ( (TSE:FWM) ) has provided an announcement.

Flow Metals Corp. has announced a debt conversion plan to improve cash flow, allowing a creditor to convert $300,000 into a secured convertible debenture. Additionally, the company has settled a $30,000 royalty payment through the issuance of 500,000 common shares. Project updates include the progression of the Class 3 permit application for the Sixtymile project in Yukon, with plans for a $1,000,000 drilling program, and a mine permit amendment for the New Brenda project in British Columbia, following a successful IP survey.

More about Flow Metals Corp

Flow Metals Corp. operates in the mining industry, focusing on the exploration and development of mineral properties. The company is primarily involved in gold exploration, with projects located in regions such as Yukon and British Columbia.

Average Trading Volume: 19,335

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$772.3K

For detailed information about FWM stock, go to TipRanks’ Stock Analysis page.