Added to YB: 2026-04-21
Pitch date: 2026-04-17
FOMO.CN [bullish]
Formation Metals Inc.
-4.76%
current return
Author Info
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Company Info
Formation Metals Inc. engages in the acquisition and exploration of mineral property assets in North America.
Market Cap
CAD 41.1M
Pitch Price
CAD 0.42
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
-3.37
EV/Sales
N/A
Sector
Metals and Mining
Category
value
'Formation Metals' Opportunity is Hiding In Plain Sight: Geometry Makes the Geology Work
FOMO.CN: Q results show 300m continuity at A-Zone, expanding envelope to 93m thick x 100m wide. Shallow bulk-tonnage system (9-40m depth) targeting 0.20-0.25 g/t cutoff vs historical 0.5 g/t at 871K oz. Internal AISC $1,500-1,800/oz via toll milling; at $4K gold = $2.2-2.5K/oz margin. Potential 1.5-2M oz central area, 8km corridor. $38M mcap, $10.5M cash, zero debt. Trading ~$20/oz vs peers $37/oz. Q3 maiden resource catalyst. Goliath CEO Rosmus joined advisory board Feb'26.
Read full article (5 min)