- Formation Metals (CSE:FOMO) begins trading Friday on the Canadian Securities Exchange under one of the more memorable tickers in recent history
- The junior miner is focused on developing its flagship Nicobat property in Ontario near the Zone 34 nickel discovery at New Gold’s Rainy River mine
- Formation Metals seeks to acquire and explore mineral property assets
- FOMO shares last traded at C$0.13 as of 11:12 am ET
Formation Metals (CSE:FOMO) begins trading Friday on the Canadian Securities Exchange (CSE) under one of the more memorable tickers in recent history.
The Vancouver-based junior miner is focused on developing its flagship Nicobat property in northeast Ontario’s Dobie Township. The nickel, copper and cobalt project is only 21 kilometres south of the Zone 34 nickel discovery at New Gold’s (TSX:NGD) more than 10-millon-ounce Rainy River mine.
Historic exploration work at Nicobat includes more than 15,000 metres of drilling, 220 drill holes and bulk samples delineating multiple non-compliant historic resources with higher-grade nickel zones worth following up on.
Leadership insights
“Canada continues to be the world-leader in base metals exploration, and the CSE continues to be the leader in listing mining exploration companies,” James Black, the CSE’s vice president, listings development, said in a statement. “We wish Formation Metals success with its exploration program and welcome the company to the CSE.”
“Formation Metals is thrilled to be listed for trading on the CSE,” added Deepak Varshney, Formation Metals’ chief executive officer. “This is a significant milestone for our company, and we are excited to embark on this next chapter of growth. We believe that the CSE provides an excellent platform for us to access capital and raise our profile in the investment community. We look forward to working with our new partners at the CSE and to delivering value to our shareholders.”
About Formation Metals
Formation is focused on acquiring and exploring mineral property assets.
Formation Metals stock (CSE:FOMO) last traded at C$0.13 as of 11:12 am ET.
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(Top photo, generated by AI: Adobe Stock)