Formation Metals Stock Price, News & Analysis

FOMTF OTC

Welcome to our dedicated page for Formation Metals news (Ticker: FOMTF), a resource for investors and traders seeking the latest updates and insights on Formation Metals stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Formation Metals's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Formation Metals's position in the market.

06/17/2025 02:11 AM

News

Formation Metals Files 30-Day Notice for the Commencement of the 20,000 Metre Multi-Phase Drill Program for the Advanced N2 Gold Project

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Formation Metals (FOMTF) has filed a 30-day notice for its planned 20,000-metre multi-phase drill program at the N2 Gold Project in Quebec. The project hosts a historic resource of approximately 870,000 ounces of gold, with 18 Mt grading 1.4 g/t Au across four zones and 243 Kt grading 7.82 g/t Au in the RJ zone. Phase 1 consists of a fully funded 5,000-metre program targeting expansion in the A zone and RJ zone. The A zone contains ~522,900 ounces with only 35% of strike drilled, while the RJ zone features high-grade intercepts up to 51 g/t Au. The company has C$2.8M in working capital and recently raised C$1.65M through a flow-through private placement. Formation has also identified significant base metal potential with copper and zinc intercepts in historic drill holes.

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06/06/2025 02:00 AM

News

Formation Metals Retains StratExplo to Manage 20,000 Metre Multi-Phase Drill Program for the Advanced N2 Gold Project

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Formation Metals has engaged StratExplo to manage a 20,000-metre multi-phase drill program at its N2 Gold Project in Quebec. The project contains a historical resource of 870,000 ounces of gold across multiple zones. The initial 5,000-meter program, starting Summer 2025, will focus on the A Zone (522,900 oz @ 1.52 g/t Au) and RJ Zone (61,100 oz @ 7.82 g/t Au). The company aims to expand the resource to over 3 million ounces. Formation also announced a flow-through private placement to raise up to $2 million at $0.35 per unit, with warrants exercisable at $0.60 for two years. The N2 property, spanning 4,400 ha in the Abitibi region, has shown potential for both gold and base metals, with historical copper values up to 4,750 ppm and zinc up to 6,700 ppm.

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3.96%

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05/20/2025 02:00 AM

News

Formation Metals Announces 20,000 Metre Multi-Phase Drill Program for the Advanced N2 Gold Project

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Formation Metals (FOMTF) has announced a 20,000-metre multi-phase drill program at its flagship N2 Gold Project in Quebec. The project currently has a historic resource of ~870,000 ounces of gold across five zones. The first 5,000 metres of drilling is fully funded and set to begin this summer, pending permit approval expected within 30-40 days. The program targets two main zones: - A Zone: Contains ~522,900 gold ounces (10.7 Mt @ 1.52 g/t Au) with historical intercepts up to 1.7 g/t over 35 metres - RJ Zone: Contains ~61,100 gold ounces (243 Kt @ 7.82 g/t Au) with best intercepts of 48 g/t over 0.5 metres The company aims to expand the historical resource into a near-surface multi-million-ounce deposit, targeting potential for over three million ounces of gold. The timing aligns with current gold prices at $3,200, approximately four times higher than when Agnico-Eagle last drilled the project in 2008.

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05/15/2025 02:45 PM

News

Formation Metals Begins Trading on the OTCQB Venture Market

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Formation Metals (CSE:FOMO, OTCQB:FOMTF) has begun trading on the OTCQB Venture Market effective May 15, 2025. The company will maintain its existing listings under "FOMO" in Canada and "A3D492" in Germany.

Formation's flagship asset is the N2 Gold Project in Quebec, featuring a historic resource of 877,000 ounces of gold. The project comprises 87 claims across ~4,400 ha in Northwestern Quebec's Abitibi sub province. The resource includes 18.2 Mt grading 1.48 g/t Au (~810,000 oz Au) across four zones and 243 Kt grading 7.82 g/t Au (~67,000 oz Au) in the RJ zone.

The company's upcoming maiden drill program will target the "A" zone, which shows consistent gold mineralization with intercepts up to 1.7 g/t over 35m, and the "RJ" zone, which has yielded historical high-grade intercepts up to 51 g/t Au over 0.8 metres.

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05/05/2025 02:00 AM

News

Formation Metals Unlocks Copper-Zinc Potential at the N2 Gold Deposit with Insights from Revaluation of Historic Drill Core

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Formation Metals (FOMTF) has revealed promising copper and zinc potential at its N2 Gold Project in Quebec's Casa Berardi Gold Trend through revaluation of historic drill core. The analysis showed significant copper grades ranging from 200 to 4,750 ppm and zinc grades from 203 to 6,700 ppm, particularly in the A and RJ zones. The property's geology, featuring volcanic-sedimentary rocks and deformation structures, aligns with typical VMS deposit characteristics in the Matagami region. The company plans to expand exploration with a fully funded 5,000-metre drill program aimed at expanding the historic 877,000 oz gold resource while simultaneously investigating base metal potential. Formation will focus on the northern portion of the property through IP surveys, drilling, and reinterpretation of airborne TDEM survey data for VMS-related anomalies.

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04/15/2025 02:00 AM

News

Formation Metals Deepak Varshney to Be Featured on Radius Research's Pitch, Deep Dive and Q&A Webinar on April 16th, 2025 to Discuss the N2 Gold Property with a Historical 877,000 oz Gold Resource

Rhea-AI Summary

Formation Metals (FOMTF) has announced that CEO Deepak Varshney will participate in a Radius Research webinar on April 16th, 2025, to discuss the company's N2 Gold Project. The interactive session will focus on Formation's exploration initiatives, particularly the N2 Gold Property, which features a historic resource of 877,000 ounces of gold across six mineralized zones.

The property includes the 'A' zone, where only ~35% of strike has been drilled with over 3.1 km remaining open, and the 'RJ' zone, which has yielded significant intercepts of up to 51 gpt Au over 0.8 metres. The company recently secured an option agreement with Wallbridge Mining to acquire the N2 Gold Property, marking a significant milestone for Formation Metals in 2025.

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43.75%

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