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FORMATION METALS INC.
US OTC SYMBOL: FOMTF
Canada: FOMO | Germany: VF1
Last Price: .28 | Website | SEC Filings | Latest News
Disseminated on behalf of Formation Metals, Inc.
Ggg, if you haven't yet read our Full Alert on FOMTF from last night, do so NOW below! This is a super cheap OTC Gold Play you do NOT want to miss....
LET'S MAKE UP FOR IT AND TURN OUR ATTENTION TO GOLD!
If you're not paying attention to what's happening in the precious metals space, you might be missing out on a major opportunity.
Gold just surpassed $4,800 PER OUNCE and is up over 25% since early 2025. Central banks are buying. Inflation is surging. Geopolitical chaos is everywhere. And the smart money? It's been pouring into gold.
Now, when gold rockets like this, the REAL upside isn't always in the metal itself. It's in the junior explorers sitting on massive gold deposits that haven't been priced in yet...
WE ARE ISSUING AN IMMEDIATE ALERT ON FOMTF!
Formation Metals Inc. (FOMTF) is a North American mineral acquisition and exploration company headquartered in Vancouver, BC. The Company's flagship asset is the 100%-owned N2 Gold Project — a 4,400-hectare advanced gold project located in Quebec's legendary Abitibi Greenstone Belt, one of the most prolific gold-producing regions on the PLANET.
SO WHAT'S THE URGENCY?
FOMTF is currently executing a FULLY FUNDED 30,000 METRE DRILL PROGRAM with TWO RIGS turning — and the results coming in have been nothing short of SPECTACULAR.
The N2 Gold Project hosts a historic global resource of ~871,000 OUNCES of GOLD — comprised of 18 Mt grading 1.4 g/t Au across multiple zones. And Formation is targeting a maiden NI 43-101 compliant resource estimate by Q3 2026 that could potentially DWARF those numbers.
The Company has ~C$12.1 MILLION in working capital with ZERO DEBT. That's right — fully funded, no dilutive financing overhang, and an $8.1M exploration budget backed by Quebec provincial tax credits. This is a rare setup in the junior mining space.
And to top it off? Roger Rosmus — the Founder & CEO of Goliath Resources ($378M market cap), a man who has attracted investment from Sprott, McEwen, and Crescat Capital — just joined Formation's Advisory Board. That's not a coincidence.
THE N2 GOLD PROJECT: 871,000 OZ HISTORIC RESOURCE WITH 8KM OF STRIKE TO EXPLORE
N2 isn't some early-stage grassroots play — this project has seen nearly 70,000 metres of total drilling, including historical work by Agnico Eagle, and features six auriferous zones open for expansion. Formation's maiden campaign, the first since 2008, is delivering results that EXCEED historical averages!
Highlights include: 1.75 g/t Au over 30.4m, 0.95 g/t Au over 61.1m confirming a bulk-tonnage target across an 8km strike corridor VISIBLE GOLD in multiple holes, and mineralization starting practically at SURFACE.
With 39 drillholes still awaiting assays, the catalysts may be just getting started.
COULD THIS GROUND-FLOOR GOLD EXPLORER BE PRIMED FOR A HEAD AND SHOULDERS BREAKOUT?
FOMTF has had a remarkable run since its CSE listing in October 2024 — rising from under $0.10 USD to a 52-week high of $0.37 USD in January 2026. That move was fueled by a cascade of catalysts: the N2 Gold Project acquisition, the $8.46M private placement, visible gold intercepts, and the announcement of a maiden resource estimate.
The stock has since pulled back and is now consolidating around $0.28 USD — sitting above its primary uptrend line and well above the $0.12 support level that has held since the summer of 2025. This type of pullback after a strong run is textbook consolidation before a potential INVERSE HEAD & SHOULDERS BREAKOUT!
Take a look..
The chart structure shows a clear higher-low pattern since drilling began in September 2025, with each dip being bought up at progressively higher levels. Volume has been building on the major news releases, and the 52-week high of $0.37 is within striking distance!
NEWS CATALYSTS TO KNOW RIGHT NOW
✔ Feb 19, 2026: Roger Rosmus (CEO, Goliath Resources) Joins Advisory Board
Proven capital markets operator with 25+ years in resource sector. Built Goliath into a $378M company.
→ Smart money follows smart people. This is a BIG signal.
✔ Feb 12, 2026: First Assay Results Exceed Historical Averages
1.75 g/t Au over 30.4m and 0.91 g/t Au over 42.3m — near-surface, open-pit potential confirmed.
→ Results BETTER than what Agnico found and they're just getting started.
✔ Jan 22, 2026: Maiden NI 43-101 Resource Estimate Announced — Targeting Q3 2026
Nearly 70,000 metres of drilling to be incorporated into the maiden estimate.
→ THIS is the upcoming catalyst that could change everything for FOMTF.
✔ Nov 26, 2025: VISIBLE GOLD Intercepted at N2
Fine-grained visible gold in multiple drill holes including a 30.8m mineralized interval.
→ Visible gold at surface = high-grade potential confirmed.
THE BOTTOM LINE
Let's lay this out real simple...
Gold is nearing ALL-TIME HIGHS above $4,800/oz.
FOMTF is sitting on a historic 871,000 oz gold resource in the world-class Abitibi Greenstone Belt with an 8-KILOMETRE strike corridor that's barely been scratched.
They've got C$12.1M in the bank, ZERO DEBT, two rigs drilling, 20 assay results PENDING, and a MAIDEN RESOURCE ESTIMATE coming in Q3 2026 that could re-define this project.
And when the CEO of a $378 MILLION mining company joins your Advisory Board? That's not a courtesy appointment. That's smart money positioning.
For traders looking for a GROUND FLOOR Gold Explorer with real assets, real drill results, a massive upcoming catalyst, and a chart building a base for its next move, do NOT miss FOMTF!
Make sure you put it on your screen RIGHT NOW and
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