Formation Metals Inc
Industry: Other Industrial Metals & Mining
Sector: Basic Materials
Primary metal: None
About
Formation Metals Inc. is a Canadian resource company focused on the exploration and development of mineral projects, with a particular emphasis on precious and base metals. The company's operations center on identifying, acquiring, and advancing mining properties with significant potential, particularly gold projects such as the advanced-stage N2 Gold Project. Formation Metals Inc. has recently undertaken large-scale exploration initiatives, including a fully funded, multi-phase drilling program aimed at expanding resource estimates and advancing its core assets. With a high free float of over 94% and a total share count around 38-40 million, the company is broadly held among public investors. Its business activities contribute to the raw materials sector, providing strategic exposure to commodities that are vital for both industrial and investment purposes. Formation Metals Inc. plays a role in supplying critical resources to the metals market, supporting downstream industries such as electronics, manufacturing, and infrastructure development.
Symbol: FOMOExchange: CSECurrency: CAD
52-week low: 0.21
52-week high: 0.42
50-day ma: 0.29
200-day ma: 0.34
Shares Short: 10,409
Short ratio: 0.16
Avg volume: 380,761
Beta: 0.00
Market Cap
24 M
Shares out
62.24 M
Cash
(2025-09-30)
3.24 M
Debt
(2025-09-30)
0
Cashflow
-4.57 M
Free cashflow
-1.66 M
Revenue
N/A
Gross profit
N/A
Profit margin
0.00%
Ebitda
N/A
P/E Ratio
N/ADividend yield
0.00%
Company News
- Formation Metals Expands Phase 1 Drill Program to 14,000 Metres at its Advanced N2 Gold ProjectHighlights: 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 grading 1.Jan 15, 2026
- Formation Metals Further Validates Open Pit Potential at N2 Gold Project: Intersects Over 100 Metres of Near Surface Target Mineralization in Three New DrillholesHighlights: 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 resource; the Company's maiden drill program is f...Dec 11, 2025
- Formation Metals Intercepts 152.9 and 208.8 metres of Target Mineralization Near Surface at the Advanced N2 Gold Project, Strengthening Open Pit ModelHighlights: 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 since 2008, when Agnico drilled the "RJ" Zone w...Dec 2, 2025
- CORRECTION: Formation Metals Intercepts Strong Mineralization Including Visible Gold at the Advanced N2 Gold ProjectHighlights: 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 campaign at N2 since 2008, when Agnico drilled ...Nov 26, 2025
- Formation Metals Intercepts Strong Mineralization Including Visible Gold at the Advanced N2 Gold ProjectHighlights: 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 campaign at N2 since 2008, when Agnico drilled ...Nov 26, 2025
- Formation Metals Closes Second Tranche of its Private Placement for Aggregate Proceeds ofVANCOUVER, BC / October 31, 2025 / Formation Metals Inc. ("Formation" or the "Company") (CSE:FOMO)(FSE:VF1)(OTCQB:FOMTF), a North American mineral acquisition and exploration company, is pleased to announce that, further to its news releases of Se...Oct 31, 2025
- Formation Metals ClosesHighlights: Formation has closed $8,262,389.48 in gross proceeds, fully funding its planned 20,000 metre total multi-phase drill program at its flagship N2 Gold Project in Quebec, host to a global historic resource of ~870,000 ounces comprised of ...Oct 16, 2025
- Formation Metals Announces Upsize to Previously Announced LIFE Offering and Private Placement of Units toNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Highlights: Formation has planned a 20,000 metre total multi-phase drill program at its flagship N2 Gold Project in Quebec, host to a global historic...Oct 14, 2025
