Announcement • Apr 30
Formation Metals Inc. announced that it expects to receive CAD 15 million in funding Formation Metals Inc. has announced a anon-brokered private placement for aggregate gross proceeds of up to CAD 15,000,000 on April 29, 2026. The offering will consist of up to CAD 15-million of a combination of: (i) hard-dollar (HD) units of the company at a price of 37 cents per HD unit; (ii) flow-through (FT) units of the company at a price of 44 cents per FT unit; (iii) charity flow-through units of the company at a price of 54.8 cents per charity FT unit; and (iv) Quebec charity flow-through units of the company at a price of 59.6 cents per Quebec charity FT unit. Each HD unit will consist of one common share in the capital of the company and one transferable non-flow-through common share purchase warrant of the company. Each FT unit will consist of one flow-through common share in the capital of the company, which will qualify as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada), and one warrant. Each charity FT unit will consist of one charity flow-through common share in the capital of the company, which will qualify as a flow-through share within the meaning of Subsection 66(15) of the tax act, and one warrant. Each Quebec charity FT unit will consist of one charity flow-through common share in the capital of the company, which will qualify as a flow-through share within the meaning of Subsection 66(15) of the tax act and Subsection 359.1 of the Taxation Act (Quebec), and one warrant. Each warrant will entitle the holder thereof to acquire one additional non-flow-through common share of the company at an exercise price of 59.6 cents per common share for a period of 36 months from the closing date of the offering. The offering is being completed on anon-brokered private placement basis. The company may pay finders' fees to eligible arm's-length finders in connection with the offering, in each case in accordance with applicable securities laws and the policies of the Canadian Securities Exchange. The offering is expected to close on or about May 13, 2026, or such other date or dates as the company may determine. The offering may close in one or more tranches. Completion of the offering remains subject to a number of conditions, including, without limitation, receipt of all necessary corporate and regulatory approvals, regulatory approvals, and completion of customary subscription documentation. Announcement • Feb 21
Formation Metals Inc. Appoints Roger Rosmus to Newly Established Advisory Board Formation Metals Inc. announced the appointment of Mr. Roger Rosmus to the Company's newly formed Advisory Board. Mr. Rosmus, currently the Founder and CEO of Goliath Resources Limited, serves as the inaugural appointment to this board. Mr. Rosmus brings over 25 years of experience in investment banking, corporate finance, and executive management within the resource sector. As the driving force behind Goliath Resources, he has a proven track record of building and leading successful exploration companies, particularly in precious metals. Under his leadership, Goliath Resources has advanced the flagship Golddigger project in British Columbia's prolific Golden Triangle, delivering multiple high-grade gold discoveries and attracting significant institutional investment. His expertise will be instrumental as Formation Metals scales its operations and enhances its strategic positioning in the junior mining sector. Announcement • Feb 14
Formation Metals Inc. Announces Intention to Initiate A Maiden Mineral Resource Estimate Compliant with Ni 43-101 Standards At Its N2 Gold Property Formation Metals Inc. announced its intention to initiate a maiden mineral resource estimate compliant with NI 43-101 standards at its N2 Gold Property ("N2" or the "Property") following the completion of its ongoing expanded 14,000-metre Phase 1 drill program. Thirteen holes have been advanced to-date as part of the Company's fully funded 30,000-metre campaign, with the drilling successfully demonstrating: Substantial widths of target mineralization are present: 10 drillholes have each intercepted over 80 cumulative metres of target mineralization, including N2-25-008 and N2-25-011, where 208.8 and 166.8 metres were intercepted, respectively. Untested Targets: Compilation work identified numerous geophysical anomalies (IP, EM, VTEM) that remain undrilled, providing discovery potential beyond known zones. Rising Gold Prices and Economic Viability. At current gold prices, lower-grade bulk-tonnage deposits become highly attractive, enhancing the project's upside. These elements collectively support the potential to advance beyond the historic ~871,000 oz base toward a open pit deposit through successful expansion drilling and resource delineation. The maiden resource estimate will be prepared by an independent qualified person in accordance with National Instrument 43-101 guidelines. It will incorporate advanced geological modeling, updated metallurgical data, and geostatistical analysis of both recent and historical drilling. Completion is anticipated by third quarter 2026, with opportunities identified for further resource expansion through ongoing and future drilling. Project Summary. The drilling at N2 is designed to focus on discovery drilling at new high-potential targets along the mineralization strikes at the "A", "RJ" and "Central" zones in the northern part of the Property in order to discover new auriferous trends and unlock new zones of gold mineralization. The program will also focus on high-priority infilling and expansion targets in these zones to significantly enhance the auriferous zones identified to-date. Assay results range from 200 to 4,000 metres. The Company is targeting a conceptual open pit resource following the completion of all drilling. 
