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.

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Specialty Mining & Metals

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Date	Price	Change	Volume
26-07-16	$0.2650	-5.36%	424,814
26-07-15	$0.2800	+3.70%	215,525
26-07-14	$0.2700	0.00%	714,081
26-07-13	$0.2700	-6.90%	951,191
26-07-10	$0.2900	0.00%	54,175

Delayed Quote Canadian Securities Exchange

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Market Closed - Canadian Securities Exchange Other stock markets 15:59:59 2026-07-16 EDT			5-day change	1st Jan Change
0.2650 ^CAD	0.00%		-8.62%	-17.19%

06-18	Formation Metals Inc Extends A-Zone 200 Metres West of Historic Resource At N2 Gold Project	CI
05-22	Formation Metals Inc Announces Expansion of Drill Program and Reports Exploration Results At N2 Gold Project	CI

Market Cap	33.74M 24.03M 21.01M 19.43M 17.83M 2.32B 34.33M 232M 91.02M 1.13B 90.26M 88.28M 3.9B	P/E 2024 *	-	P/E 2025	-3.83x
Enterprise Value	32.44M 23.1M 20.2M 18.68M 17.14M 2.23B 33M 223M 87.5M 1.09B 86.77M 84.86M 3.75B	EV / Sales 2024 *	-	EV / Sales 2025	-
Free-Float	98.86%	Yield 2024 *	-	Yield 2025	-

06-18	Formation Metals Inc Extends A-Zone 200 Metres West of Historic Resource At N2 Gold Project	CI
05-22	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
04-21	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
04-16	Formation Metals Inc. Reports Drilling Results at N2 Gold Project	CI
04-07	Formation Metals Added Results Include 1.75 g/t Au over 30.4 Metres, and Maiden Resource Estimate Following Fully Funded 30,000-Metre Program	MT
04-07	Formation Metals Said to Host Live Investor Webinar Today on N2 Gold Project to Discuss Phase 1 Drill Results	MT
03-05	Formation Metals Intersects 0.95 G/T Au over 61.1 Metres, Including 1.68 G/T Au over 26.5 Metres At the Advanced N2 Gold Project; Bulk-Tonnage Gold Target Identified with 8 Kilometres of Strike to Explore	CI
03-05	Formation Metals Drills 1.75 G/T Au over 30.4 Metres Including 3.51 G/T Au over 10.5 Metres At the Advanced N2 Gold Project	CI
03-02	Formation Metals Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2025	CI

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
05-28	Formation Metals Inc. Provides Corporate Update Following C$22.4 Million Financing, Announces Participation in The Mining Investment Event, and Hosts Live CEO Investor Webinar	AQ
05-22	Formation Metals Announces Closing of Upsized $22.4 Million Non-Brokered Private Placement to Increase Drill Program to 75,000 Metres	AQ
05-19	Formation Metals Announces Upsize Of Non-Brokered Offering Of Up To $22 Million To Increase Drill Program To 75,000 Metres	AQ
04-30	Formation Metals Announces Non-Brokered Offering of up to $15 Million Fully Allocated	AQ

Formation Metals Inc. Stock

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CA34638F1053

Specialty Mining & Metals

Valuation: Formation Metals Inc.

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Financials

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Income Statement and Estimates

1 week	-8.62%
Current month	-11.67%
1 month	-18.46%
3 months	-34.57%
6 months	-30.26%
Current year	-17.19%

1 week	0.25	0.3
1 month	0.25	0.32
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	2023-02-23
Khalid Naeem DFI	Director of Finance/CFO	50	2023-02-23

Director	Title	Age	Since
Deepak Varshney BRD	Director/Board Member	38	2022-02-28
Navin Varshney BRD	Director/Board Member	67	2023-02-23
David Ellett BRD	Director/Board Member	62	2023-02-23

Date	Insider	Type	Main position	Quantity	% Market Cap.
4/16/26	Deepak Varshney	Buy	Chief Executive Officer	100,000	0.2525%
1/8/26	Navin Varshney	Buy	Director	2,500	0.0063%
1/8/26	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.	0.00%	-8.62%	-27.40%	-	28.36M
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CMOC GROUP LIMITED	+1.62%	+5.88%	+124.41%	+211.64%	55.09B
NORNICKEL ADR	+1.03%	-.--%	-.--%	-.--%	31.84B
JX ADVANCED METALS CORPORATION	-7.63%	-10.20%	+327.64%	-	22.55B
CHINA TUNGSTEN AND HIGHTECH MATERIALS CO.,LTD	-3.65%	-11.50%	+415.33%	+577.92%	22.62B
JIANGXI COPPER COMPANY LIMITED	-5.14%	-1.92%	+103.32%	+146.14%	18.56B
BOLIDEN AB	-1.38%	-1.65%	+69.49%	+53.46%	15.12B
KOREA ZINC COMPANY, LTD.	+0.88%	+2.90%	+25.49%	+117.78%	14.17B
Average	-1.85%	-0.58%	+116.00%	+162.05%	41.07B
Weighted average by Cap.	-1.88%	+1.53%	+104.05%	+141.78%

	2024	2025
Net sales	-	-
Net income	-142K -101K -88.38K -81.73K -75K -9.74M -144K -975K -383K -4.76M -380K -371K -16.43M	-3.13M -2.23M -1.95M -1.8M -1.66M -215M -3.19M -21.52M -8.45M -105M -8.38M -8.2M -363M
Net Debt	-713K -508K -444K -411K -377K -48.97M -726K -4.9M -1.92M -23.91M -1.91M -1.87M -82.55M	-1.31M -930K -813K -752K -690K -89.62M -1.33M -8.97M -3.52M -43.77M -3.49M -3.42M -151M