Investor Centre
Gold exploration in Quebec's Abitibi Greenstone Belt.
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.
Less than 35% of the A Zone strike has been tested with modern methods. An 8 km structural corridor remains, with secondary and tertiary vein sets identified above and below the primary target.
Approximately C$31M working capital and zero debt. The expanded 75,000-metre drill program is funded through planned completion, the largest exploration program in the Company's history.
Approximately C$31M working capital, nil debt, approximately 97.8M shares outstanding, approximately 60% 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 April 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 1.8 g/t Au over 21.9 Metres at the N2 Gold Project
N2-25-004 intersects 1.8 g/t Au over 21.9 metres East of previously reported 1.75 g/t Au over 30.4 metres; drilling confirms 300 metre continuity within 5 kilometres of mineralized strike.
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, identifying a bulk-tonnage gold target with 8 kilometres of strike to explore.