Investor Centre
Gold exploration in Quebec's Abitibi Greenstone Belt.
Capital Structure
| Shares Outstanding | 152,993,749 |
| Fully Diluted | 254,679,472 |
| Reserved for Issuance | 101,685,723 |
| Working Capital | ~C$26.3M |
| Debt | Nil |
| Insider, Management & Strategic Ownership | ~60% |
| 52-Week Range | C$0.09 - C$0.52 |
Plus up to ~C$9M in anticipated Québec CIRR refunds. Refund amounts and timing are estimates and are not included in working capital above.
Share capital as at September 16, 2026, per the Corporate Presentation dated September 2026; working capital as at August 31, 2026 (unaudited; not a standardized IFRS measure), as reported in the Company's news releases of September 8 and 22, 2026.
The Path Through the 75,000 Metre Drill Program
Timelines and targeted milestones are forward-looking and subject to exploration results, data compilation, permitting, financing, and market conditions. See the most recent news release for material assumptions and risk factors.
Investment Summary
Phase 1 drilling has intersected thick intervals of mineralization from shallow depths in the A-Zone northern corridor, with mineralized widths up to approximately 93 m downhole. Additional holes pending assay.
Only ~1.65 km of a potential 8 km corridor has been drilled at the A-Zone. The corridor has secondary and tertiary vein sets identified above and below the primary target.
Approximately ~C$26.3M working capital (as at August 31, 2026, unaudited and not a standardized IFRS measure, as reported in the Company's news releases of September 8 and 22, 2026) and nil debt. The expanded 75,000-metre drill program is funded through planned completion, the largest exploration program in the Company's history.
Approximately ~C$26.3M working capital (as at August 31, 2026, unaudited and not a standardized IFRS measure, as reported in the Company's news releases of September 8 and 22, 2026), nil debt, and 153.0M shares outstanding (as at September 16, 2026, per the Corporate Presentation dated September 2026), with significant insider and strategic ownership. Fully funded through the planned 75,000-metre drill program.
All references to historical resources are non-CIM-compliant and are not treated as current resources. See Historical Resource Cautionary below and most recent press release for full disclosure. Adjacent-property references are for geological context only; a Qualified Person has not verified third-party disclosures. Sources: Vior Vezza-Noyard, Hecla 2024 R&R tables. Data as of July 2026.
Adjacent Properties: Readers are cautioned that the geology of nearby properties is not necessarily indicative of the geology of the Property.
Historical Resource Cautionary: The above referenced resource estimates do not have a category, are considered historical in nature, and are based on prior data prepared by a previous property owner, and do not conform to current CIM categories. A qualified person has not done sufficient work to classify the historical estimates as current resources in accordance with current CIM categories and the Company is not treating the historical estimates as a current resource. A 0.5 g/t Au cut-off was used in the preparation of the historical estimates with a minimum 2.5 metre mining width. Significant data compilation, re-drilling, re-sampling and data verification may be required by a qualified person before the historical estimates can be classified as current resources. There can be no assurance that any of the historical mineral resources, in whole or in part, will ever become economically extractable.
Investor Resources
Latest News
View All Releases →Formation Metals Intersects 0.98 g/t Au over 95.6 Metres Starting 7 Metres Below Surface, Including 3.14 g/t Au over the First 10 Metres, Extending the A-Zone Up to 50 Metres North at N2
N2-26-033, drilled north of the A-Zone, returned 0.98 g/t Au over 95.6 metres from 8.4 metres downhole (7.1 metres vertical), including 3.14 g/t Au over the first 10.0 metres, extending the A-Zone's northern auriferous horizon 25 metres north over the upper 100 metres of the hole and up to 50 metres north at. The horizon remains open to the north.
Formation Metals to Host Live Investor Webinar
Formation Metals announces a live investor webinar to update shareholders on recent drill results and the ongoing 75,000 metre exploration program at N2.
Formation Metals Intersects 0.95 g/t Au over 61.1 Metres at the N2 Gold Project
Formation Metals intersects 0.95 g/t Au over 61.1m including 1.68 g/t Au over 26.5m at N2, confirming wide near-surface mineralization with 8 kilometres of strike to explore.