Formation's first step-out drilling beyond the established western boundary of the A-Zone returned the following key intercepts: N2-26-021: 1.05 g/t Au over 31 metres beginning at 243 m downhole, including 1.89 g/t Au over 12 m. The main interval correlates directly with the northern auriferous horizon in N2-25-004, N2-25-009 and N2-25-006 confirming lateral continuity of the A-Zone, 200 metres to the west. N2-26-022 [...]
Formation Metals is pleased to provide a corporate update on recent milestones, to announce its participation in The Mining Investment Event in Quebec City, and to announce that President & CEO Deepak Varshney, P.Geo., will host a live investor webinar and Q&A session on Friday, May 29, 2026, from 8:00AM to 9:00AM PST. Live CEO Investor Webinar Formation invites shareholders, prospective investors, and analysts to join a [...]
Formation Metals is pleased to announce that, further to its news releases dated April 29, 2026 and May 18, 2026, the Company has closed its previously announced non-brokered private placement for aggregate gross proceeds of approximately $22,439,577 through the issuance of an aggregate of 49,821,291 units of the Company. Following the closing of the Offering, the Company has working capital of ~$30.7M with zero debt. The [...]
Formation Metals is pleased to announce that the Company has increased the size of its previously announced non-brokered private placement of common shares from up to $15,000,000 to up to CAD $22,000,000. The increase in the size of the Offering was driven primarily by strong investor demand, with the order book remaining oversubscribed even after the increase from the originally announced size. All other terms of the [...]
Formation Metals 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 investors is a strong endorsement of N2 and strategy. We look [...]
Formation Metals 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, host to a global historic resource of ~871,000 oz comprised of 18 Mt grading 1.4 g/t Au across four zones 2,3 and 243 Kt grading 7.82 [...]
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 m, 0.95 g/t Au over 61.1 metres, and 1.43 g/t Au over 19.4 m. Based on these results, the Company believes the mineralization within the A-Zone may extend over 400 metres further to the south [...]
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 announces that it has been requested by OTC Markets Group 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 by [...]
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 [...]
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