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) 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.
Formation Metals (OTCQB:FOMTF) reported wide near-surface mineralized intercepts at its N2 Gold Project in Quebec, including 152.9 m from 23.1 m in N2-25-003 and 208.8 m from 28.6 m in N2-25-008, with multiple long internal intervals (up to 70.0 m).
The company is running a fully funded 30,000 metre drill program (Phase 1 = 10,000 m started Sept 25, 2025), targets a multi-million ounce conceptual open-pit resource, and reports working capital of ~C$13.5M with zero debt and an exploration budget of ~C$8.1M (including provincial tax credits).
Formation Metals (OTCQB:FOMTF) reports visible gold in two early drill holes at its N2 Gold Project in Quebec during Phase 1 of a fully funded 30,000 metre program. Visible gold occurred in N2-25-001 (4.5 m) and N2-25-013 (30.8 m) within quartz-carbonate, pyrite-hosted veins. The company reports working capital of ~C$13.7M, zero debt, and a 2025-26 exploration budget of ~C$8.1M inclusive of provincial tax credits. N2 hosts a historic global resource of ~~871,000 oz Au (including ~522,900 oz in the A zone and ~61,100 oz in the RJ zone); historic assays and resources are being treated as historic and not yet verified.