# Formation Metals Inc.

> Formation Metals Inc. (CSE: FOMO | OTCQB: FOMTF | FSE: VF1) is a Canadian gold exploration company advancing the 100%-owned N2 Gold Project in the Abitibi Greenstone Belt, Quebec — approximately 4,400 hectares hosting a historical estimate of ~871,000 oz Au across five of six documented mineralized zones. A fully funded 100,000-metre drill program is underway with two rigs active. A maiden NI 43-101 mineral resource estimate is targeted for Q4 2026, subject to drill results, data compilation, and independent qualified person review (forward-looking).

Last updated: 2026-07-31.

## Key facts (as disclosed)

- Tickers: CSE: FOMO | OTCQB: FOMTF | FSE: VF1
- Shares outstanding: 150,243,749 (as at June 10, 2026, per the Corporate Presentation dated July 21, 2026)
- Working capital: ~C$27.0M; debt: nil (as at June 10, 2026, per the Corporate Presentation dated July 21, 2026)
- Insider, management & strategic ownership: ~60%
- Flagship: N2 Gold Project, Quebec — ~4,400 ha / 87 claims, 100% owned, acquired from Wallbridge Mining
- Historical estimate: ~871,000 oz Au across five zones (A, Central, RJE, East, RJ); non-CIM-compliant historical estimate — see cautionary note below
- Drill program: 100,000 m fully funded; 49 holes / 15,426 m drilled, 15 holes assayed, 34 pending assay (as at July 21, 2026)
- Maiden NI 43-101 MRE: targeted Q4 2026, subject to drill results, data compilation, and independent qualified person review (forward-looking statement)
- Other assets: Nicobat (Ni-Cu-Co, Ontario) and Rio Titanium (ilmenite, Quebec) — held assets, no current resources
- Head office: 1245 - 200 Granville St., Vancouver, BC V6C 1S4 | dvarshney@formationmetalsinc.com | 778-899-1780

## Cautionary note

The ~871,000 oz figure is a historical estimate prepared by previous property owners (Needham, B., 1994, Cyprus Canada Inc.; Guy, K., 1991, Total Energold; Quebec MRNF assessment filing GM 52792) prior to current CIM Definition Standards and does not conform to those standards. A qualified person has not done sufficient work to classify it as a current mineral resource, and the Company is not treating it as a current mineral resource. The Company has not defined any current mineral resources or reserves on any of its properties.

## Pages

- [Home](https://formationmetalsinc.com/)
- [N2 Gold Project](https://formationmetalsinc.com/properties/n2-gold)
- [Nicobat Project](https://formationmetalsinc.com/properties/nicobat)
- [Rio Titanium Project](https://formationmetalsinc.com/properties/rio-titanium)
- [Investor Centre](https://formationmetalsinc.com/investors.html)
- [Team](https://formationmetalsinc.com/team.html)
- [News Releases](https://formationmetalsinc.com/news.html)
- [Media & Coverage](https://formationmetalsinc.com/media.html)
- [JSON News Feed](https://formationmetalsinc.com/feed.json)
- [Corporate Fact Sheet (PDF)](https://formationmetalsinc.com/papers/FOMO-Fact-Sheet-July-2026.pdf)
- [Full detail for LLMs](https://formationmetalsinc.com/llms-full.txt)