Added to YB: 2026-07-15
Pitch date: 2026-07-13
FOMTF [bullish]
Formation Metals Inc.
-3.57%
current return
Author Info
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Company Info
Formation Metals Inc. engages in the acquisition and exploration of mineral property assets in Canada.
Market Cap
CAD 40.6M
Pitch Price
CAD 0.28
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
-2.17
EV/Sales
N/A
Sector
Metals and Mining
Category
growth
Summer doldrums: Dusting off a bunch of tickers I haven't spoken about in a while - Formation Metals Inc.
FOMTF (accumulating under $0.30): Quebec Abitibi gold explorer, $43.6M mcap, $0.29/sh. N2 project w/ 871koz historical resource, 4,400ha. Fully funded 75,000m program, $30.7M WC, zero debt. Step-out hit 1.05 g/t Au over 31m near high-grade RJ (up to 51 g/t). Q3 2026 maiden resource is the repricing catalyst; targeting ~2M oz near-surface. Goliath founder Rosmus on board.
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