Formation Metals Inc. (FOMO) Financings
CSE: FOMO · Nickel, Copper, Cobalt · Exploration stage
- Market cap$42.1M
- Share price$0.280
- 52-week range$0.240 – $0.520
- Shares outstanding150,243,479
- ExchangeCSE
Formation Metals Inc. is a mineral exploration company focused on the acquisition and exploration of mineral property assets. It owns the Nicobat Property, a nickel copper cobalt project in Ontario, Canada, and has an option to earn 100% of the advanced N2 Gold Project located near Matagami, Quebec.
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Formation Metals Inc. financial statements
Key figures read from 5 of 6 financial statement filings, Nov 29, 2024 to Jul 30, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Mar 2025 | Mar 2024 | |
|---|---|---|
| Cash and equivalents | C$1,305,758 | C$713,416 |
| Total current assets | C$1,883,638* | C$721,630* |
| Total assets | C$2,831,582 | C$1,251,899 |
| Shareholders' equity | C$2,689,102 | C$1,217,417 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Mar 2025 | FY Mar 2024 | |
|---|---|---|
| General and administrative | C$214,250 | C$0 |
| Share-based compensation | C$2,655,612 | C$0 |
| Net income (loss) | (C$3,133,327) | (C$141,946) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Mar 2024 | |
|---|---|
| Investing cash flow | (C$1,799) |
| Financing cash flow | C$850,000 |
Formation Metals Inc. financings
4 financings announced or closed by Formation Metals Inc., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-05-29 | Formation Metals Inc. (FOMO) | Private placement, non-brokered | Announced | $22.4M | — | 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 |
| 2026-04-30 | Formation Metals Inc. (FOMO) | Private placement, non-brokered | Closed, 1 tranche | $22.4M | — | Formation Metals Announces Non-Brokered Offering of up to $15 Million Fully Allocated |
| 2025-09-25 | Formation Metals Inc. (FOMO) | Flow-through, LIFE offering | Tranche closed, 2 tranches | $8.6M | $0.370 | Announce $6,000,000 Private Placement is Fully Allocated |
| 2025-06-17 | Formation Metals Inc. (FOMO) | Private placement | Closed, 1 tranche | — | — | Expand Maiden Drill Program at the Advanced N2 Gold Project to Fully Funded 7,500 Metres and Announce Financing |