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  5. FOM: Can you tell me more about Foran Mining Corp(FOM) . [Foran Mining Corporation]
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Q: Can you tell me more about Foran Mining Corp(FOM) . Especially in its longer term outlook and the insider buying and holders which drew my attention to the stock. The CEO Daniel Myerson, has been buying, so has Fairfax Financial and Canada growth fund. What do you think of the CEO? Prem Watsa’s interest? and Canada Growth fund Inc? Do they know something we don’t about the future of the company? Thank you.
Asked by James on August 12, 2025
5i Research Answer:

We are confident in the CEO and his experience. In addition to the holders noted in the question, AEM also owns 13.5% which is another sign of endorsement. Fairfax has a mix of varied investments in many sectors and we would not read too much into this one specifically. Its project in Sask. is 42% complete. Sometimes, companies at this stage stall out for a bit. Early investors move on, and investors who want revenue and cash flow are not there yet, as often mines have initial problems. We have no reason to 'expect' problems but they certainly do occur. Wildfires have been a problem but of course this is not the company's fault or likely to impact the mine long term. It is a robust project with good potential, and an interesting stock for those with some patience and a higher risk tolerance in general.