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.
Formation Metals Inc. reports developments as a North American mineral acquisition and exploration company focused on gold projects. Company news centers on the flagship N2 Gold Project in Quebec, including drill results, visible-gold observations, step-out drilling, assay pipelines, mineralized zones such as the A-Zone and RJ zone, and references to the property's reported historic gold resource.
Recurring updates also cover capital-structure and shareholder matters, market-disclosure responses related to the company's OTCQB-traded common shares, and governance activity such as advisory-board formation. The company's disclosures frequently connect exploration progress at N2 with project-scale targets, strike continuity, access to mining infrastructure, and the broader Casa Berardi gold trend.
Formation Metals (OTCQB:FOMTF) issued a statement after OTC Markets requested clarification about recent third‑party promotional activity linked to its OTCQB‑traded shares. The company disclosed it engaged 1502656 B.C. Ltd for $350,000 CAD over six months and that Stellar and EMC distributed digital marketing using publicly available information.
The company said it reviewed the materials pre‑distribution, found no materially false statements, noted a 100,000‑share insider purchase by CEO Deepak Varshney on April 16, 2026, and urged investors to rely on SEDAR+ filings.
Formation Metals (OTCQB:FOMTF) reported drill results from its N2 Gold Project on April 16, 2026, confirming a 300-metre continuous auriferous corridor within a 5-km mineralized strike. Key intercepts include 1.8 g/t Au over 21.9 m and 0.83 g/t Au over 40.4 m. Phase 1 has completed ~15,000 m with assays pending and the company reports ~C$10.5M working capital and zero debt. A maiden Mineral Resource Estimate is planned for Q3 2026.
Formation Metals (OTCQB:FOMTF) will host a live investor webinar on April 7, 2026 at 10:00 AM PDT to review Phase 1 drilling at the N2 Gold Project and the pathway to a maiden NI 43-101 resource targeted for Q3 2026.
Highlights include drill intercepts such as 1.75 g/t Au over 30.4 m, 46 holes completed for 14,466 m to date, working capital of ~C$10.5M with zero debt, and a fully funded 30,000-metre program. A replay and presentation materials will be available to registrants.
Formation Metals (OTCQB:FOMTF) reported new drill results at the N2 Gold Project on February 24, 2026, including 0.95 g/t Au over 61.1 m (incl. 1.68 g/t over 26.5 m) and other wide, near-surface intercepts. The company says these holes confirm a continuous, bulk-tonnage target across an 8 km strike corridor and that Phase 1 is fully funded within a planned 30,000 m program.
The Property hosts a historic global resource of ~871,000 oz Au and Formation has ~C$12.1M working capital with no debt. A maiden MRE is targeted for Q3 2026.
Formation Metals (OTCQB: FOMTF) appointed Roger Rosmus to a newly formed Advisory Board and reported encouraging assay results from its fully funded 30,000 metre maiden drill campaign at the N2 Gold Project in Quebec.
Key highlights: N2-25-005: 0.91 g/t Au over 42.3 m; N2-25-012: 1.75 g/t Au over 30.4 m; historic resource ~871,000 oz Au. Company targets a maiden resource in Q3 after Phase 1.
Formation Metals (OTCQB:FOMTF) reported initial Phase 1 drill results at the N2 Gold Project on February 12, 2026, including 1.75 g/t Au over 30.4 m (N2-25-012) and 0.91 g/t Au over 42.3 m (N2-25-005).
The Property hosts a historical global resource of ~871,000 oz Au across multiple zones; Formation has ~C$12.1M working capital and is executing a fully funded 14,000 m program within a planned 30,000 m campaign.
Formation Metals (OTCQB:FOMTF) mobilized a second drill rig to its N2 Gold Project to accelerate a fully funded 30,000 metre program, with Phase 1 at 14,000 metres. The company reports ~C$12.1M working capital, an exploration budget of ~C$8.1M, and a historic global resource of ~871,000 oz Au across multiple zones. Formation aims for a maiden mineral resource estimate after Phase 1 in Q3, targeting wide, near-surface intercepts and metallurgical sampling to support an open-pit conceptual resource.
Formation Metals (OTCQB:FOMTF) will prepare a NI 43-101 maiden mineral resource estimate for the N2 Gold Project in Quebec after completing its expanded Phase 1 drill program. Nearly 70,000 metres will have been drilled at N2 when Phase 1 finishes, and the company has completed ~14,000 metres to date as part of a fully funded 30,000-metre campaign. Historic data show a global historic resource of ~871,000 oz Au (18 Mt @ 1.4 g/t Au plus 243 kt @ 7.82 g/t Au in the RJ zone). Recent large, near-surface intercepts include 208.8m and 166.8m of target mineralization. Completion of the maiden estimate is anticipated by Q3 2026.
Formation Metals (OTCQB:FOMTF) expanded Phase 1 of its fully funded 30,000 metre N2 Gold Project drill program to ~14,000 metres after completing 13 holes (3,879 m) that returned multiple long intervals of target mineralization, including 208.8 m (beginning 28.6 m downhole) and 166.8 m (beginning 60.0 m).
The project hosts a global historic resource of ~871,000 oz Au (18 Mt @ 1.4 g/t and 243 kt @ 7.82 g/t in the RJ zone). Formation reports working capital of ~C$12.3M and an exploration budget of ~C$8.1M (inclusive of provincial tax credits). Assays are pending following data compilation.
Formation Metals (OTCQB:FOMTF) reported new drill intercepts at its N2 Gold Project (Quebec) from holes N2-25-006, N2-25-009 and N2-25-011, targeting a conceptual multi-million ounce open-pit resource.
Key intercepts: 102.6 m from 15.3 m (N2-25-006), 135.7 m from 23.3 m (N2-25-009) and 166.8 m from 60.0 m (N2-25-011). Company is running a fully funded 30,000 m drill program (Phase 1: 10,000 m started Sept 25, 2025). Historic global resource ~871,000 oz Au across multiple zones; A zone ~522,900 oz (1.52 g/t) with >3.1 km untested strike. Working capital ~C$13.4M and 2025–26 exploration budget ~C$8.1M.