Disseminated on behalf of Formation Metals Inc.
Formation Metals Inc. (CSE:FOMO, OTCPK:FOMTF, FSE:VF1) is a Canadian exploration company focused on supplying minerals essential to modern technology and clean energy. While much attention has been given to its gold assets, the company is also advancing exploration for copper, zinc, nickel, and titanium. This multi-metal approach supports North America’s growing need for critical minerals and positions the company for long-term growth as demand continues to rise.
Mining More Than Gold: Why FOMO’s Metals Mix Matters
Critical minerals are vital to industries such as electric vehicles (EVs), renewable energy, electronics, and national defense. Gold is used in electronics and valued as a store of wealth. Copper and zinc are essential for wiring, batteries, and large infrastructure projects.
Nickel is a key ingredient in EV batteries, and demand for it could nearly double by 2030. From 2017 to 2022, the percentage of nickel used in batteries rose from 6% to 16%. Titanium, known for its strength and lightweight, plays an important role in aerospace and advanced manufacturing.
Governments in Canada and the United States have identified these minerals as strategic resources. With growing pressure to build secure, local supply chains for clean energy, both countries are actively supporting domestic exploration and development of critical minerals.
Canada, for instance, is the fourth-largest global producer of nickel and fifth in titanium. In 2024, the global nickel market was valued at around $37 billion and is expected to grow to $73 billion by 2032.
Notably, Canada faces a growing challenge to capture its share of a booming $65 billion critical minerals market. A new report warns that Canada risks losing up to $100 billion in investment by 2030 without faster permitting and better coordination.
This matters to Formation Metals (FOMO), as its Quebec and Ontario projects—gold, nickel, copper, zinc, and titanium—align directly with national priorities. With Canada targeting 60% of global potash and 14% of nickel supply, FOMO’s focus on domestic, multi-metal exploration positions it to benefit from policy improvements and rising clean-tech demand.
Exploring a Diversified Portfolio Across Canada
Formation Metals’ flagship asset is the N2 Gold Project, located in Québec’s Abitibi Greenstone Belt—one of the world’s most productive gold regions. The project spans 87 claims covering approximately 4,400 hectares and is accessible by road year-round. It holds a historical gold resource of about 870,000 ounces, with large parts of the property still underexplored.
Recent reviews of historic drill core samples have revealed copper and zinc mineralization, suggesting the project’s value could extend beyond gold. This is important as demand for base metals like copper continues to rise, driven by growth in the EV sector and renewable infrastructure.
In addition to the N2 project, Formation Metals owns the Nicobat Project in Ontario, which is focused on nickel, copper, and cobalt—metals that are essential for batteries and clean energy systems. The company is also advancing an early-stage titanium project in Québec, aimed at serving aerospace, defense, and high-tech industries.
By exploring a range of metals, Formation Metals spreads risk and creates multiple pathways to market success. This strategy enables the company to benefit even when the price of one commodity fluctuates.
Strong Jurisdictions and Responsible Development
All of Formation Metals’ assets are in Canada. The country is known for its political stability, clear mining rules, and skilled workers. Québec and Ontario are top mining regions. They provide reliable infrastructure and clear permitting processes. These strengths help reduce project risk and improve the efficiency of development.
FOMO also prioritizes responsible exploration. The company works with local governments, municipalities, and Indigenous communities. This helps ensure their projects respect local interests and meet environmental standards. This commitment supports long-term success and reflects the expectations of today’s investors and regulators.
Backed for Big Exploration in 2025
As of mid-2025, Formation Metals maintains a strong financial position, with about C$2.8 million in working capital. It recently completed a private placement to fund continued exploration.
The company is fully financed for a 20,000-metre drill program at the N2 Gold Project. The first phase, covering 5,000 metres, is already underway. This drill program focuses on expanding known gold zones and testing new areas for copper and zinc mineralization. Systematic exploration like this is essential for uncovering a project’s full resource potential.
Riding the Wave of Clean Tech Demand
The company’s multi-metal strategy fits well with current global market trends. In 2025, gold prices reached record highs above $3,400 per ounce, driven by economic uncertainty and strong central bank demand.
At the same time, copper demand is expected to grow by 30% by the mid-2020s. This rise is mainly driven by electric vehicle production and power grid upgrades. Nickel demand is also increasing as EV adoption grows and stainless steel production expands. The global market for nickel-based batteries alone could grow from USD 2.34 billion in 2025 to USD 2.82 billion by 2030.
Key Market Highlights:
- Gold: Prices above $3,400/oz in 2025, driven by investor demand.
- Copper: 30% demand growth forecast due to EVs and grid expansion.
- Nickel: Market value to nearly double from USD 37B (2024) to USD 73B (2032).
- Battery-grade nickel: Projected growth from USD 2.34B (2025) to USD 2.82B (2030).
- Titanium and zinc: Strong demand in aerospace and infrastructure.
By targeting both precious and base metals, Formation Metals can benefit from several market forces at once. This diversified approach allows the company to create shareholder value even if one metal’s price declines. It also aligns with national efforts to secure domestic supplies of essential minerals.
Stability and Opportunity in Critical Minerals
Looking ahead, Formation Metals is positioned for growth as it continues to develop its projects. With a fully funded exploration program, strong financial footing, and projects located in top mining jurisdictions, the company is advancing assets that are critical to the future of clean energy and high-tech industries.
As global demand for critical minerals continues to grow, companies with diversified portfolios and responsible development strategies are likely to play a major role. Formation Metals’ focus on gold, copper, zinc, nickel, and titanium gives it broad exposure to several high-demand sectors.
Its multi-metal strategy and commitment to sustainable development offer both stability and upside potential for investors. Formation Metals is more than a gold explorer—it is helping to secure the resources needed for a cleaner, more sustainable future.
DISCLAIMER
New Era Publishing Inc. and/or CarbonCredits.com (“We” or “Us”) are not securities dealers or brokers, investment advisers or financial advisers, and you should not rely on the information herein as investment advice. Formation Metals Inc. made a one-time payment of $30,000 to provide marketing services for a term of 1 month. None of the owners, members, directors, or employees of New Era Publishing Inc. and/or CarbonCredits.com currently hold, or have any beneficial ownership in, any shares, stocks, or options in the companies mentioned. This article is informational only and is solely for use by prospective investors in determining whether to seek additional information. This does not constitute an offer to sell or a solicitation of an offer to buy any securities. Examples that we provide of share price increases pertaining to a particular Issuer from one referenced date to another represent an arbitrarily chosen time period and are no indication whatsoever of future stock prices for that Issuer and are of no predictive value. Our stock profiles are intended to highlight certain companies for your further investigation; they are not stock recommendations or constitute an offer or sale of the referenced securities. The securities issued by the companies we profile should be considered high risk; if you do invest despite these warnings, you may lose your entire investment. Please do your own research before investing, including reading the companies’ SEDAR+ and SEC filings, press releases, and risk disclosures. It is our policy that information contained in this profile was provided by the company, extracted from SEDAR+ and SEC filings, company websites, and other publicly available sources. We believe the sources and information are accurate and reliable but we cannot guarantee it.
CAUTIONARY STATEMENT AND FORWARD-LOOKING INFORMATION
Certain statements contained in this news release may constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking information generally can be identified by words such as “anticipate”, “expect”, “estimate”, “forecast”, “planned”, and similar expressions suggesting future outcomes or events. These statements reflect current views regarding company performance, business goals, market conditions, and intellectual property development. The statements are based on current business and market expectations. However, they involve various risks and uncertainties, including potential delays, financial difficulties, operational challenges, and problems protecting intellectual property. Additional risks include possible regulatory approval delays, market disruptions, personnel issues, and competitive pressures.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Additional information about risks and uncertainties is contained in the Company’s management’s discussion and analysis for the year ended December 31, 2024, and the Company’s annual information form for the year ended December 31, 2024, copies of which are available on SEDAR+ at www.sedarplus.ca.
The forward-looking information contained herein is expressly qualified in its entirety by this cautionary statement. Forward-looking information reflects management’s current beliefs and is based on information currently available to the Company. The forward-looking information is made as of the date of this news release and the Company assumes no obligation to update or revise such information to reflect new events or circumstances, except as may be required by applicable law.
For more information on the Company, investors should review the Company’s continuous disclosure filings that are available on SEDAR+ at www.sedarplus.ca.
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