Formation Metals Inc. , a North American mineral acquisition and exploration company, is pleased to announce that its proposed non-brokered private placement for aggregate gross proceeds of up to $15,000,000 is now fully allocated. Deepak Varshney, CEO of the Company, commented: "We are very pleased with the strong response to our financing, which has been fully allocated. We believe that the support from new and existing [...]
Formation Metals Inc. , a North American mineral acquisition and exploration company, is pleased to announce a proposed non-brokered private placement for aggregate gross proceeds of up to $15,000,000 . Upon closing of the Offering, the Company intends on increasing its 2026 drill program to a fully funded 50,000 metres at the its flagship N2 Gold Project in Quebec , host to a global historic resource of ~871,000 ounces [...]
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 Company identified 1.3 g/t Au over 22.2 metres, 0.95 g/t Au over 61.1 metres, and 1.43 g/t Au over 19.4 metres. Based on these results, the Company believes the mineralization within the A-Zone may extend over 400 metres [...]
Formation Metals is pleased to announce the appointment of Mr. Michael Dehn to the Board of Directors of the Company, effective immediately. Mr. Dehn is widely recognized as a visionary in the mining sector, having transitioned from a distinguished technical career to executive leadership and public service. He spent 11 years as a Senior Geologist with Goldcorp Inc., where he was instrumental in regional exploration [...]
Formation Metals Inc. announces that it has been requested by OTC Markets Group Inc. to issue this statement regarding recent promotional activity concerning the Company's common shares traded on the OTCQB market. On April 16, 2026, OTC Markets informed the Company that it became aware of certain promotional activities concerning the Company and its common shares , including the distribution of digital marketing materials [...]
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 m beginning at 154.4 m downhole, 133.7 m vertical. N2-25-009: 1.37 g/t Au over 24.0 m beginning at 168.9 m downhole, 146.3 m vertical. N2-25-004, 006 and 009 confirm the structural and grade continuity along 300 metres of strike, building on N2-25-007, 008, and 010, which included 0.95 g/t Au [...]
Formation Metals will host a live investor webinar on Tuesday, April 7, 2026, at 10:00 AM PDT, featuring President & CEO Deepak Varshney, P.Geo. Phase 1 drilling continues to exceed expectations at the N2 Gold Project, confirming a high-grade, bulk-tonnage system across an 8 km corridor with results including: N2-25-012: 1.75 g/t Au over 30.4 m, including 3.51 g/t Au over 10.5 m and 19.2 g/t Au over 0.51 m N2-25-008: 0.95 [...]
N2-25-007: 1.3 g/t Au over 22.2 m beginning at 139.9 metres downhole, 121.2 m vertical. Highlight interval includes 2.36 g/t Au over 10.5 m. N2-25-008: 0.95 g/t Au over 61.1 m beginning at 109 m downhole, 94.4 m vertical. Highlight interval includes 1.68 g/t Au over 26.5 m. N2-25-010: 1.43 g/t Au over 19.4 m beginning at 117.5 m downhole, 101.8 metres vertical. Highlight interval includes 2.23 g/t Au over 7.0 m [...]
Formation Metals Inc. , a North American mineral exploration company focused on advancing high-potential projects in tier-one jurisdictions, is pleased to announce the appointment of Mr. Roger Rosmus to the Company's newly formed Advisory Board. Mr. Rosmus, currently the Founder and CEO of Goliath Resources Ltd., serves as the inaugural appointment to this board. Mr. Rosmus brings over 25 years of experience in investment [...]
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. N2-25-012: 1.75 g/t Au over 30.4 metres beginning at 64.1 metres downhole, 45.3 metres vertical. Highlight intervals include 3.51 g/t Au over 10.5 metres and 19.2 g/t Au over 0.51 metres. Wide, continuous near-surface [...]
Formation Metals Inc. , a North American mineral acquisition and exploration company, is pleased to announce the mobilization of a second drill rig to its flagship N2 Gold Property to accelerate its fully funded 30,000 metre drill program. The Company has working capital of ~C$12.1M with zero debt. Inclusive of provincial tax credits from the Quebec government, Formation's exploration budget for 2025-2026 is set at [...]
Formation is undertaking a fully funded 30,000-metre drill program at its flagship N2 Gold Project, host to a global historic resource of ~871,000 ounces comprised of 18 Mt grading 1.4 g/t Au across four zones 2,3 and 243 Kt grading 7.82 g/t Au across the RJ zone2,4. Formation's Phase 1 drill program was expanded to approximately 14,000 m based on the results of the fieldwork to-date, which includes the following [...]
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