IN BRIEF: Focus Xplore seeking gold mining opportunities in Canada
Focus Xplore PLC - gold exploration in Canada - Plans to focus its activities on early stage gold mining opportunities in Canada, previously having diversified its investments across six countries and into uranium, lithium and rare earth elements. Focus Xplore tells its annual general meeting on Thursday last week that the decision by its new board represents a return to the company's roots in gold exploration, having first expanded its gold assets in Africa in 2018. As a result of the new strategy, Focus Xplore has allowed several licenses acquired in 2025 to expire, while another will expire next month. This leaves the company with three lithium properties and one rare earth element property.
The decision to focus future investment into Canadian gold takes advantage of new relationships formed in Canada over the past year, as well as the strong gold price, it says. "The board recognises that the last few months have been a period of disruption and uncertainty and is grateful for the patience and support shown by the group's shareholders, advisors and creditors," says Chair Antony Legge, who joined the board in April, together with two other new directors.
Current stock price: 0.024 pence
12-month change: down 40%
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