Formation Metals Inc.
FOMO.CN
Canadian Securities Exchange0.30
CAD
-0.01
- -
ISIN
CA34638F1053
CUSIP
34638F105
Return %
Stock
S&P500
1Y
-23.08
20.98
3Y
122.22
70.79
5Y
122.22
73.45
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Deepak Varshney
- Sector
- Basic Materials
- Industry
- Other Precious Metals
- Address
- 300 Granville Street, Unit 1245 Vancouver BC Canada V6C 1V4
- IPO Date
- Oct 18, 2024
- Website
- formationmetalsinc.com
- Similar Companies
- Business
- Formation Metals Inc. engages in the exploration, development, and advancement of mineral resource projects with a focus on precious and base metals; it operates as a junior integrated metals company, pursuing the discovery, delineation, and commercialization of publicly listed mineral assets. The company’s core business activity centers on acquiring, exploring, and evaluating mineral properties, advancing projects through feasibility-level studies, and seeking strategic partnerships or acquisitions to unlock value from its portfolio. Main Products and Services: mineral exploration and evaluation services; project generation and acquisition; geological modeling and resource definition; scoping, pre-feasibility, and feasibility studies; stakeholder engagement and community relations; environment, health, and safety management; permitting and regulatory compliance; joint venture development and partnership structuring; royalty and streaming opportunities; strategic advisory on project finance, project economics, and capital markets access; data room preparation, technical reporting, and disclosure aligned with NI 43-101/JORC standards; project-level engineering assessments and capital cost estimation; ongoing technical due diligence for potential acquisitions. Latest Major Company Changes: enters new strategic partnerships and collaborations to advance asset scopes; pursues targeted acquisitions and asset acquisitions to consolidate its mineral portfolio; initiates or completes funding rounds to support feasibility studies or development activities; launches or refines project-specific progression plans such as preliminary or feasibility engineering work; implements corporate reorganizations or name-related adjustments to reflect evolving strategy; undertakes significant operational shifts including optimization of exploration programs, cost controls, and capital allocation to de-risk core assets; conduces strategic outreach to potential joint venture partners and financiers. Additional Context: Industry and segments span precious metals, base metals, and strategic minerals within the mining exploration and development sector; target markets include exploration-focused investors, project financiers, and industry collaborators seeking early-stage to development-stage mineral assets; geographic operations are centered in Canada with exploration and development activities linked to Canadian mineral properties and potential international partnerships; founding year and headquarters are positioned to align with a junior mining company structure and corporate governance suitable for listings on a public exchange; subsidiaries or parent relationships may exist as part of corporate structuring to manage asset-specific projects and regional operations.