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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, FOMTF just got a lot more interesting this morning with some BREAKING NEWS hot off the wire...
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Formation Metals Inc. Advanced N2 Gold Project:
Drilling Confirms 300 Metre Continuity Within 5 Kilometres of Mineralized Strike
- To date, 48 drillholes have been completed for 15,291 metres, with assays pending for 35 holes, providing a continuous pipeline of upcoming catalysts throughout Q2.
- The Company has working capital of ~C$10.5M with zero debt.
VANCOUVER, BC / ACCESS Newswire / April 16, 2026 / Formation Metals Inc. a North American mineral acquisition and exploration company, is pleased to announce results from drillholes N2-25-001, N2-25-002, N2-25-003, N2-25-004, N2-25-006 and N2-25-009, completed as part of its on-going fully funded 30,000 metre drill program at its flagship N2 Gold Property...
...The Company's ongoing drilling campaign has exceeded expectations, confirming geological continuity and delivering robust and continuous gold intercepts in holes N2-25-004, N2-25-006, and N2-25-009...
...Deepak Varshney, CEO of Formation Metals, commented:
"The Phase 1 results continue to exceed our expectations, with N2-25-004, N2-25-006, and N2-25-009 demonstrating that the A-Zone is a significant open-pit target. The results continue to validate the 55,000+ metres of historical drilling, with drilling not only confirming the historical findings about lithology, mineralization, alteration, veining and structural features, but also notably returning higher consistency, longer auriferous composites, and more valuable mineralization footprints, strengthening the concept of an open pit deposit at N2."
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KEY TAKEAWAY? "EXCEEDED EXPECTATIONS"!
FOMTF has been chipping away at .30 all morning as it attempts the next "shoulder" of it's potential INVERSE HEAD & SHOULDER pattern.
A break could send it back to test ALL-TIME HIGHS of .37!!
If you're not paying attention to what's happening in the precious metals space, you might be missing out on a major opportunity with 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.
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.
We're talking VISIBLE GOLD in multiple holes, and mineralization starting practically at SURFACE.
With 39 drillholes still awaiting assays, the catalysts may be just getting started.
THE BOTTOM LINE
With Massive Drill Results News out circulating across Wall Street, FOMTF is just getting started....
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 with VISIBLE GOLD in multiple holes, and mineralization starting practically at SURFACE that's barely been scratched.
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 Follow on Twitter for Updates + Play-by-Play!
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