Formation Metals Inc. is a Canada-based company. The Companyâ€™s principal business activities include the acquisition and exploration of mineral property assets. The Company owns the Nicobat Property, a nickel-copper-cobalt project in Ontario, Canada. The Company also has executed an option agreement to acquire approximately 100% interest in the N2 property. The N2 property comprises 87 claims that covers approximately 4,400 ha of land within the Abitibi sub province of Northwestern Quebec. The Property is just 25 km south of Matagami, Quebec.

Employees

Sector

Diversified Mining

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Quotes

Date	Price	Change	Volume
23/10/26	CA$0.2950	+9.26%	109,005
22/10/26	CA$0.2700	-8.47%	162,522
21/10/26	CA$0.2950	+3.51%	673,087
20/10/26	CA$0.2850	+3.64%	68,126
19/10/26	CA$0.2750	-3.51%	442,512

Delayed Quote Canadian Securities Exchange

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Market Closed - Canadian Securities Exchange 20:59:30 23/10/2026 BST			5-day change	1st Jan Change
0.2950 ^CAD	+9.26%		+3.51%	-7.81%

09-29	Formation Metals Inc. Announces Appointment of Terry Salman to Advisory Board as Senior Strategic Advisor	CI
09-22	Formation Metals Intersects Gold Just Below Surface at N2 Property in Quebec	MT

Market Cap	45.13M 32.27M 28.82M 26.62M 24.12M 3.06B 45.88M 320M 127M 1.6B 121M 119M 5.06B	P/E 2025	-3.83x	P/E 2026	-3.36x
Enterprise Value	39.8M 28.45M 25.41M 23.47M 21.27M 2.7B 40.45M 282M 112M 1.42B 107M 105M 4.46B	EV / Sales 2025	-	EV / Sales 2026	-
Free-Float	98.86%	Yield 2025 *	-	Yield 2026	-

Markets		Quality
Canadian Securities Exchange	FOMO	Delayed
OTC Markets	FOMTF	Delayed
Boerse Muenchen	VF1	Real-time
Tradegate	VF1	Real-time
Deutsche Boerse AG	VF1	Delayed
Börse Stuttgart	VF1	Delayed

09-29	Formation Metals Inc. Announces Appointment of Terry Salman to Advisory Board as Senior Strategic Advisor	CI
09-22	Formation Metals Intersects Gold Just Below Surface at N2 Property in Quebec	MT
09-22	Formation Metals Inc. Reports Assay Results from N2-26-033 Drilled North of the A-Zone At Its N2 Property in Quebec	CI
09-08	Formation Metals Reports Drilling Results Extending A-Zone and Identifies New Vein Set At N2 Property	CI
07-30	Formation Metals Inc. Reports Earnings Results for the Full Year Ended March 31, 2026	CI
07-29	Formation Metals Inc. Auditor Raises 'Going Concern' Doubt	CI
06-18	Formation Metals Inc Extends A-Zone 200 Metres West of Historic Resource At N2 Gold Project	CI
05-23	Formation Metals Inc Announces Expansion of Drill Program and Reports Exploration Results At N2 Gold Project	CI
05-20	Formation Metals Inc. announced that it has received CAD 22.439578 million in funding	CI
04-28	Formation Metals Inc. announced that it expects to receive CAD 15 million in funding	CI
04-22	Formation Metals Inc. Expands Potential Width of A-Zone Through 400 Metre Step-Out and Continues Fully Funded 30,000 Metre Drill Program	CI
04-20	Formation Metals Inc. Commences 15,000 Metre Extensional Drill Program At the Advanced N2 Gold Project	CI
04-20	Formation Metals Inc Appoints Michael Dehn to the Board of Directors, Effective April 20, 2026	CI

Formation Metals Inc. Share Price

Stocks

FOMO

CA34638F1053

Diversified Mining

Valuation: Formation Metals Inc.

Chart: Formation Metals Inc.

Latest news: Formation Metals Inc.

Press Releases: Formation Metals Inc.

Quotes and Performance

Price Extremes

Managers and Directors: Formation Metals Inc.

Latest insider transactions

Integrated Mining

Financials

Company Profile

Quotes

09-29	Formation Metals Appoints Mining Finance Icon Terry Salman, C.M. as Senior Strategic Advisor Ahead of Maiden Resource at the N2 Property	AQ
09-22	Canadian Investment Regulatory Organization Trade Resumption - FOMO	AQ
09-22	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	AQ
09-08	Formation Metals Extends A-Zone 200 Metres to the South and Identifies a New Vein Set, Returning 2.53 g/t Au over 11.8 Metres and 1.41 g/t Au over 20.6 Metres at the Advanced N2 Property	AQ
06-18	Formation Metals Extends A-Zone 200 Metres West of Historic Resource into Previously Undrilled Ground, Returning 1.05 g/t Au over 31 Metres at the Advanced N2 Gold Project	AQ

1 day	+9.26%
1 week	+3.51%
Current month	-6.35%
1 month	-6.35%
3 months	+5.36%
6 months	-24.36%
Current year	-7.81%

1 week	0.26	0.3
1 month	0.26	0.36
Current year	0.25	0.52
1 year	0.24	0.52
3 years	0.09	0.52
5 years	0.09	0.52
10 years	0.09	0.52

Manager	Title	Age	Since
Deepak Varshney CEO	Chief Executive Officer	38	23/02/2023
Khalid Naeem DFI	Director of Finance/CFO	50	23/02/2023

Director	Title	Age	Since
Deepak Varshney BRD	Director/Board Member	38	28/02/2022
Navin Varshney BRD	Director/Board Member	67	23/02/2023
Michael Dehn BRD	Director/Board Member	57	19/04/2026

Date	Insider	Type	Main position	Quantity	% Market Cap.
22/09/26	Navin Varshney	Buy	Director	50,000	0.1262%
16/04/26	Deepak Varshney	Buy	Chief Executive Officer	100,000	0.2525%
08/01/26	Navin Varshney	Buy	Director	2,500	0.0063%

Add to a list 0 selected To use this feature you must be a member Log in Sign up	Change	5-day change	1-year change	3-year change	Capi.($)
FORMATION METALS INC.	+9.26%	+3.51%	-7.81%	-	32.27M
BHP GROUP LIMITED	-3.64%	-8.30%	+27.99%	+26.96%	197B
RIO TINTO PLC	-0.46%	-8.58%	+17.54%	+27.41%	143B
GRUPO MÉXICO, S.A.B. DE C.V.	-1.37%	-6.63%	+51.91%	+207.27%	95.68B
GLENCORE PLC	+0.19%	-7.82%	+55.80%	+25.36%	84.38B
SAUDI ARABIAN MINING COMPANY (MAADEN)	-4.93%	-6.83%	-12.93%	+50.07%	57.82B
ANGLO AMERICAN PLC	+1.05%	-9.49%	+27.85%	+58.81%	52.5B
TECK RESOURCES LIMITED	+0.12%	-9.58%	+39.22%	+55.33%	29B
FRESNILLO PLC	-6.21%	-15.08%	+5.43%	+339.14%	22.76B
HINDUSTAN ZINC LIMITED	-3.73%	-7.96%	+3.08%	+63.78%	22.12B
Average	-0.97%	-7.66%	+20.81%	+94.90%	70.39B
Weighted average by Cap.	-1.91%	-8.27%	+28.03%	+68.06%

	2025	2026
Net sales	-	-
Net income	-3.13M -2.24M -2M -1.85M -1.67M -213M -3.19M -22.24M -8.8M -111M -8.41M -8.23M -351M	-7.35M -5.25M -4.69M -4.33M -3.93M -499M -7.47M -52.16M -20.65M -261M -19.72M -19.3M -824M
Net Debt	-1.31M -934K -834K -770K -698K -88.62M -1.33M -9.27M -3.67M -46.43M -3.5M -3.43M -146M	-5.34M -3.82M -3.41M -3.15M -2.85M -362M -5.43M -37.88M -15M -190M -14.32M -14.02M -598M