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  5. FWZ: Greetings 5! [Fireweed Metals Corp.]
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Q: Greetings 5!,


Hopeing to get your take on FWZ.


Cheers!
Asked by Duane on March 19, 2025
5i Research Answer:

It is interesting, with new blood at the Board level. The stock is acting well with the sector, up 22% YTD and 60%+ over one year. There has been little news since then, but we note the Lundin family has been buyers of the stock, and is now at 24.9% of the company. They are certainly committed. It has $29M cash and decent projects, but as a developer no revenue, losses and negative cash flow. Cash burn was $45M in the last 12 months. Our comments about owning in the prior question still apply, with a bit more conviction due to the high level of insider buying this year.