Formation Metals Inc. - FCO.t

https://pennystockjournal.blogspot.com/2011/11/formation-metals-inc-fcot.html

Formation Metals Inc. - FCO.t has interests in base, precious metal and uranium exploration projects in Canada, the United States and Mexico. The Company's flagship is the Idaho Cobalt Project, a primary cobalt mine located in Salmon, Idaho which is currently under construction.

Company recently announced the loss of obviously required major financing. That apparently negative news must have been discounted by a sliding SP because the momentum has now turned positive. One must assume a new lender is now being discounted on the upside.