Formation Metals Inc. (CSE:FOMO)
Canada · Delayed Price · Currency is CAD | Market Cap | 40.54M +52.3% |
| Revenue (ttm) | n/a |
| Net Income | -7.35M |
| EPS | -0.10 |
| Shares Out | 152.99M |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 182,294 |
| Open | 0.2750 |
| Previous Close | 0.2800 |
| Day's Range | 0.2550 - 0.2750 |
| 52-Week Range | 0.2400 - 0.5200 |
| Beta | 1.63 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | Sep 4, 2026 |
About Formation Metals
Formation Metals Inc. engages in the acquisition and exploration of mineral property assets in Canada. The company explores for gold, zinc, titanium, nickel, copper, and cobalt deposits. Its flagship property is the 100% owned N2 Gold project which consists of 4,400 hectares located in Northwestern Quebec. The company was incorporated in 2022 and is headquartered in Toronto, Canada. [Read more]
Financial Performance
Financial StatementsNews
Formation Metals Appoints Mining Finance Icon Terry Salman, C.M. as Senior Strategic Advisor Ahead of Maiden Resource at the N2 Property
VANCOUVER, BC / ACCESS Newswire / September 29, 2026 / Formation Metals Inc. ("Formation" or the "Company") (CSE:FOMO)(FSE:VF1)(OTCQB:FOMTF), a North American mineral acquisition and exploration compa...
Formation Metals Intersects 0.98 g/t Au over 95.6 Metres Starting 7 Metres Below Surface, Including 3.14 g/t Au over the First 10 Metres, Extending the A-Zone Up to 50 Metres North at N2
Gold starts in the first sample below a thin overburden cover and runs for 95.6 metres. N2-26-033 extends the A-Zone's northern auriferous horizon 25 metres north over the upper 100 metres of the hole...
Formation Metals Extends A-Zone 200 Metres to the South and Identifies a New Vein Set, Returning 2.53 g/t Au over 11.8 Metres and 1.41 g/t Au over 20.6 Metres at the Advanced N2 Property
Southward step-out N2-26-15A extended the A-Zone 200 metres to the south and returned: N2-26-15A: 2.53 g/t Au over 11.8 metres beginning at 350.6 metres downhole, 341.6 metres vertical, including 5.42...
Formation Metals Extends A-Zone 200 Metres West of Historic Resource into Previously Undrilled Ground, Returning 1.05 g/t Au over 31 Metres at the Advanced N2 Gold Project
Step-out confirms the A-Zone stays open and is laterally continuous toward the high-grade RJ corridor, with up to 8 km of strike to expand to Highlights: Formation's first step-out drilling beyond the...
Formation Metals Inc. Provides Corporate Update Following C$22.4 Million Financing, Announces Participation in The Mining Investment Event, and Hosts Live CEO Investor Webinar
Fully Funded 75,000-Metre Drill Program Underway at N2 Gold Project; ~$30.7M Working Capital, Zero Debt; CEO Deepak Varshney to Present in Quebec City June 2-4 and Host Live Webinar Q&A on May 29, 202...
Formation Metals Announces Closing of Upsized $22.4 Million Non-Brokered Private Placement to Increase Drill Program to 75,000 Metres
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC / ACCESS Newswire / May 22, 2026 / Formation Metals Inc. ("Formation" or the "Company") ...
Formation Metals Announces Upsize Of Non-Brokered Offering Of Up To $22 Million To Increase Drill Program To 75,000 Metres
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC / ACCESS Newswire / May 19, 2026 / Formation Metals Inc. ("Formation" or the "Company") ...
Formation Metals Announces Non-Brokered Offering of up to $15 Million Fully Allocated
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC / ACCESS Newswire / April 30, 2026 / Formation Metals Inc. ("Formation" or the "Company"...
Formation Metals Announces Non-Brokered Offering of up to $15 Million to Increase 2026 Drill Program to 50,000 Metres
VANCOUVER, BC / ACCESS Newswire / April 29, 2026 / Formation Metals Inc. ("Formation" or the "Company") (CSE:FOMO)(FSE:VF1)(OTCQB:FOMTF), a North American mineral acquisition and exploration company, ...
Formation Metals Expands Potential Width of A-Zone Through 400 Metre Step-Out; Fully Funded 30,000 Metre Drill Program to Continue Along Strike
Highlights: Visible gold has been observed in drillhole N2-226-24. N2-26-24, advanced as part of extensional drilling, is a 400 metre step-out to the of N2-25-007, N2-25-008 and N2-25-010, where the C...
Formation Metals Appoints Veteran Geologist and Mining Executive Michael Dehn to the Board of Directors; Commences Fully Funded 15,000 Metre Extensional Drill Program at the Advanced N2 Gold Project
VANCOUVER, BC / ACCESS Newswire / April 20, 2026 / Formation Metals Inc. ("Formation" or the "Company") (CSE:FOMO)(FSE:VF1)(OTCQB:FOMTF), a North American mineral acquisition and exploration company, ...
Formation Metals Responds to OTC Markets Request on Recent Promotional Activity
VANCOUVER, BC / ACCESS Newswire / April 17, 2026 / Formation Metals Inc. ("Formation" or the "Company") (CSE:FOMO)(FSE:VF1)(OTCQB:FOMTF) announces that it has been requested by OTC Markets Group Inc. ...
Formation Metals Intersects 1.8 g/t Au over 21.9 Metres East of 1.75 g/t Au over 30.4 metres at the Advanced N2 Gold Project: Drilling Confirms 300 Metre Continuity Within 5 Kilometres of Mineralized Strike
Highlights: N2-25-004: 0.83 g/t Au over 40.4 metres beginning at 180.0 metres downhole, 147.4 metres vertical. N2-25-006: 1.8 g/t Au over 21.9 metres beginning at 154.4 metres downhole, 133.7 metres v...
Formation Metals to Host Live Investor Webinar on the N2 Gold Project to Discuss Phase 1 Drill Results, including 1.75 g/t Au over 30.4 Metres, and Maiden Resource Estimate Following Fully Funded 30,000-Metre Program
Highlights: Formation Metals will host a live investor webinar on Tuesday, April 7, 2026, at 10:00 AM PDT (1:00 PM EDT / 7:00 PM CEST), featuring President & CEO Deepak Varshney, P.Geo. Phase 1 drilli...
Formation Metals Intersects 0.95 g/t Au over 61.1 Metres, including 1.68 g/t Au over 26.5 Metres at the Advanced N2 Gold Project; Bulk-Tonnage Gold Target Identified with 8 Kilometres of Strike to Explore
Highlights: N2-25-007: 1.3 g/t Au over 22.2 metres beginning at 139.9 metres downhole, 121.2 metres vertical. Highlight interval includes 2.36 g/t Au over 10.5 metres.
Formation Metals Appoints Roger Rosmus to Newly Established Advisory Board
VANCOUVER, BC / ACCESS Newswire / February 19, 2026 / Formation Metals Inc. ("Formation" or the "Company") (CSE:FOMO)(FSE:VF1)(OTCQB:FOMTF), a North American mineral exploration company focused on adv...
Formation Metals Drills 1.75 g/t Au over 30.4 Metres Including 3.51 g/t Au over 10.5 Metres at the Advanced N2 Gold Project
Highlights: N2-25-005: 0.91 g/t Au over 42.3 metres beginning at 14.0 metres downhole, 9.9 metres vertical. Highlight intervals include 2.04 g/t Au over 8.1 metres and 1.31 g/t Au over 11.4 metres.
Formation Metals Mobilizes Second Rig to Accelerate 14,000 Metre Drill Program at its Advanced N2 Gold Project
VANCOUVER, BC / ACCESS Newswire / January 29, 2026 / Formation Metals Inc. ("Formation" or the "Company") (CSE:FOMO)(FSE:VF1)(OTCQB:FOMTF), a North American mineral acquisition and exploration company...
Formation Metals to Commence Maiden Mineral Resource Estimate Inclusive of Nearly 70,000 Metres of Drilling Following Completion of Ongoing Phase 1 Drill Program at the Advanced N2 Gold Project
Estimate to Incorporate New Drilling Results and Extensive Historical Data, Targeting Significant Resource Growth Highlights: Formation is undertaking a fully funded 30,000-metre drill program at its ...
Formation Metals Expands Phase 1 Drill Program to 14,000 Metres at its Advanced N2 Gold Project
Highlights: The Company is undertaking a fully funded 30,000 metre drill program at its flagship N2 Gold Project in Quebec, host to a global historic resource of ~871,000 ounces comprised of 18 Mt gra...
Formation Metals Further Validates Open Pit Potential at N2 Gold Project: Intersects Over 100 Metres of Near Surface Target Mineralization in Three New Drillholes
Highlights: Significant mineralized sections were intercepted in N2-25-006, N2-25-009 and N2-25-011 drilled in the "A" zone, where the Company is targeting a multi-million ounce conceptual open-pit re...
Formation Metals Intercepts 152.9 and 208.8 metres of Target Mineralization Near Surface at the Advanced N2 Gold Project, Strengthening Open Pit Model
Highlights: Significant mineralized sections have been intercepted within N2-25-003 and N2-25-008, drilled in the "A" and "RJ" zones. Formation is presently undertaking the first drill campaign at N2 ...
CORRECTION: Formation Metals Intercepts Strong Mineralization Including Visible Gold at the Advanced N2 Gold Project
Highlights: Visible gold observed in two of the first thirteen drill holes including within a 30.8 metre interval drilled in the "A" and "RJ" zones. Formation is presently undertaking the first drill ...
Formation Metals Intercepts Strong Mineralization Including Visible Gold at the Advanced N2 Gold Project
Highlights: Visible gold observed in two of the first thirteen drill holes including within a 30.8 metre interval drilled in the "A" and "RJ" zones. Formation is presently undertaking the first drill ...
Formation Metals Closes Second Tranche of its Private Placement for Aggregate Proceeds of $8.46M, Increases Drill Program to 30,000 Metres at the Advanced N2 Gold Project
VANCOUVER, BC / ACCESS Newswire / October 31, 2025 / Formation Metals Inc. ("Formation" or the "Company") (CSE:FOMO)(FSE:VF1)(OTCQB:FOMTF), a North American mineral acquisition and exploration company...