Ann: Quarterly Activities and Cashflow Reports, page-13

My concern is the new CEO is the old CEO who spent 90% of the IPO funds in <12mths in 2022. The company started 2023 with an exploration target and an aim to put out a maiden MRE this year. They need to do this to keep faith with investors. For me it all comes down to having the capital required to execute the plan. FXG has a large package of tenure and numerous project agreements which is expensive to maintain. The capital raise in April was modest for this strategy and, IMO, obvious they would need more. The Sept raise was underwhelming. I hope they are able to get a strategic interested in the project rather than go hand to mouth in the market.