/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./ VANCOUVER, June 1, 2016 /CNW/ - Formation Metals Inc. ("Formation" or the "Company") (TSX:FCO) is pleased to announce that it has completed its previously announced offering with the majority of the over-allotment option exercised (the "Offering") pursuant to which it has issued and sold 14,755,200 units of the Company (the "Units [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 9, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Formation Metals Inc. ("Formation" or the "Company") (TSX:FCO) announces that it has amended the terms of the private placement previously announced on May 4, 2016. The Company had entered into an agreement with Dundee Securities Ltd. (the "Agent") under which the [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 4, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Formation Metals Inc. ("Formation" or the "Company") (TSX:FCO) is pleased to announce that it has entered into an agreement with Dundee Securities Ltd. (the "Agent") under which the Agent has agreed to offer for sale, on a "best efforts" private placement basis, units [...]
Final High Purity Cobalt Salts Metallurgical Report Received; Initial Product Specification Sheets Developed; Request for Proposals for Definitive Feasibility Study Requested VANCOUVER, March 3, 2016 /CNW/ - Formation Metals Inc. (FCO-TSX) (the "Company" or "Formation") announces that it has received the final metallurgical test work report on bench test production of cobalt sulfate heptahydrate crystals suitable for the [...]
VANCOUVER, Dec. 8, 2015 /CNW/ - Formation Metals Inc. (FCO-TSX) (the "Company" or "Formation") announces that initial bench test production of cobalt sulfate heptahydrate crystals suitable for the rechargeable battery sector has been successfully completed from ore samples from Formation's Idaho Cobalt Project ("ICP"). This bench test work, outlined through a Memorandum of Understanding ("MoU") and Non-Disclosure [...]
VANCOUVER, June 26, 2015 /CNW/ - Formation Metals Inc. (FCO-TSX) ("Formation" or the "Company") announces the voting results from its 2015 Annual General Meeting (the "Meeting") held Thursday, June 25th in Vancouver, B.C. A total of 33,567,769 common shares of the 90,887,205 shares outstanding were voted representing 36.93% of the issued and outstanding common shares of Formation. Shareholders voted in favour of all [...]
VANCOUVER, May 11, 2015 /CNW/ - Formation Metals Inc. (FCO-TSX) ("Formation" or the "Company") is announcing that, as per the Company's April 22, 2015 news release, a technical report (the "Technical Report") detailing the results of a positive Preliminary Economic Assessment ("PEA") for the Company's Idaho Cobalt Project ("ICP") has been filed on SEDAR (www.sedar.com) and on the Company's website at [...]
Pre-Tax NPV8.5%: $148M, IRR 27.7% Post-Tax NPV8.5%: $113M, IRR 24.07% Initial Capital Costs: $147M Life of Mine (LOM): 12.5 years post preproduction LOM Gross Revenue: $983M LOM Total Net Aft...
Pre-Tax NPV8.5%: $148M, IRR 27.7% Post-Tax NPV8.5%: $113M, IRR 24.07% Initial Capital Costs: $147M Life of Mine (LOM): 12.5 years post preproduction LOM Gross Revenue: $983M LOM Total Net Aft...
VANCOUVER, Jan. 15, 2015 /CNW/ - Formation Metals Inc. (FCO-TSX) ("Formation" or the "Company") is providing an update to shareholders on recent corporate and cobalt sector developments. As announced in the Company's July 9 and October 1, 2014 News Releases, in response to positive developments in the cobalt sector, the Company is pursuing several opportunities resulting from the significant increase in the long term [...]
VANCOUVER, Jan. 15, 2015 /CNW/ - Formation Metals Inc. (FCO-TSX) ("Formation" or the "Company") is providing an update to shareholders on recent corporate and cobalt sector developments. As announced in the Company's July 9 and October 1, 2014 News Releases, in response to positive developments in the cobalt sector, the Company is pursuing several opportunities resulting from the significant increase in the long term [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct 1, 2014) - Formation Metals Inc. (TSX:FCO) ("Formation" or the "Company") reports that as a result of a recent technical disclosure review by the British Columbia Securities Commission ("BCSC"), the Company is issuing the following news release to clarify certain disclosures. Specifically, the Company is addressing the following disclosure and filing issues: Since the [...]