Formation Metals (CSE:FOMO)
It’s time to face the truth…
The world is at a dangerous crossroads:
- Stock markets melting down as inflation fears return with a vengeance.
- Russia and Ukraine hostilities escalating again and the imminent threat of a nuclear showdown between India and Pakistan.
- Economic growth forecasts plummeting and governments terrified of Trump’s erratic tariff policies.
- Out of control deficits in the US, sending bond yields soaring and the US dollar on a downward spiral.
This turmoil has powered a parabolic rise in gold prices to 5,000-year highs…. and one which shows little sign of slowing down.
The stage is perfectly set for massive gains in a small gold miner sitting on a massive 877,000-ounce bonanza in the world’s most prolific gold belt…
Experts warned of this for years….
Now it’s finally happening.
Gold has reclaimed its status as the global flight to safety asset – exploding to all-time highs of over $3,300/oz and up an astounding 23% in 2025 so far.
And while gold has taken off, most gold juniors are playing a game of catch up – at least for now…
Retail investors are piling into bullion and gold ETFs in record numbers.
But the smart money is realising massive fortunes will be made in the producers – especially in mining-friendly jurisdictions with proven production history.
Why? Because despite the epic run up in gold prices, juniors are still hovering close to record low valuations.
In fact, analysts suggest the average gold miner is pricing in a long-term gold price of just $2,557 per ounce – nearly 23% below current spot levels.
And as geopolitical and economic chaos ensues, this incredible buying opportunity may not last long….
After sifting diligently through hundreds of candidates, we have found the one that ticks all the boxes to become a stock market monster:
- Mineral properties in the Abitibi Gold Belt – which has produced a staggering 170 million ounces of gold in its history
- A potential gold resource of 3 Moz+ – the perfect size to unleash a bidding war between gold majors
- A world-class team with over $100M of successfully funded projects and the blueprint to create the next Abitibi winner.
And when investors soon realise that this value gap with gold is inevitably set to close, this stock could deliver life-changing returns…..
FOMO: The Next Abitibi Powerhouse
The stock in question is Formation Metals (CSE: FOMO), a Canadian gold mining junior whose flagship ~4,400 ha N2 Project sits in the heart of Quebec’s Abitibi Greenstone Belt, one of the world’s most mineral-rich geological areas.
When it comes to mining, it’s all about location, location, location.
And FOMO happens to have the world’s best address.
The Abitibi gold belt is Canada’s primary source of gold, featuring 21 gold deposits containing over 3 million ounces of gold and a stunning 124 producing mines in its history.
Many have proven to be absolute juggernauts:
Dome Mine – 17M oz of gold produced
Hollinger Mine – 19.5M oz of gold produced
McIntyre Mine – 10.8M oz of gold produced
The Abitibi offers the “grand slam” of mining investing, which is superior mine economics, excellent infrastructure, and a world-class location – in this case Quebec, easily among the Top 10 best mining jurisdictions in the world.
And when you look at the map, it all makes sense.
The N2 project is strategically located along the gold-bearing Casa Berardi Deformation Zone, approximately 10 kilometres east of the former-producing Vezza gold deposit (261k Au oz in M&I resources), 30 km east of the Douay gold project (511 Koz Au indicated, 2.53 Moz inferred) and 120 kilometres east of the Casa Berardi gold mine, which produced over 86 koz of gold in 2024.
Prior to FOMO’s ownership, the N2 Project’s history already clearly showcased its phenomenal potential:
- 236 diamond drill holes for a huge 55,517 metres in total drilled length.
- Preliminary tests recovering 91.7% gold through flotation concentrate.
- A historic resource estimate of 18.2 Mt @ 1.48 g/t Au (~810,000 oz) for the A, Central, RJE and South Zones.
- A historic resource estimate of 243 Kt @ 7.82 g/t Au (~67,000 oz) for the RJ Zone.
And this could be only the tip of the iceberg.
That’s because:
- Geophysical work by Balmoral Resources from 2010 to 2018 (Mag, EM, HEM, VTEM, and IP) generated numerous targets that have not yet been investigated with diamond drilling.
- In 2007, expansion and exploration drill programs led to the discovery of a new zone of gold mineralization in the hanging wall to the RJ Zone with similarities to the mineralization at Vezza.
- The “RJ” Zone hosts intercepts as high as 51.26 g/t Au over 0.8 metres, 48.44 g/t Au over 0.5 metres, and 24.48 g/t Au over 0.9 metres. Almost 900 metres of strike has been drilled, with over 4.75 km of strike remaining to be tested.
- The “A’ zone, which comprises the largest historical resource, 522,900 oz @ 1.52 g/t Au, has had ~15 km drilled over 1.65 km of strike with 3.1+ km remaining to be tested and remains open at depth.
- 84% of drillholes intercepted auriferous intervals including up to 1.8 g/t over 32 m. 11 intercepted >30 g*m Au up to a 93 g*m Au in a 69.2 metre composite starting at 18 metres depth.
The math is simple and powerful:
Only 30% of the main A-Zone strike has been drilled, leaving miles of untapped potential and multiple millions of ounce based on simple expansion along strike.
A massive 12 kilometers of strike remain to be explored across five zones, and with historical drilling showing 70%+ hit rates for gold, the prospects for finding more gold look good.
And this is just the start.
FOMO’s team is launching an aggressive strategy to expand the N2’s resource base in the coming months – unleashing what could be a bonanza for FOMO investors….
FOMO’s Management: A Mining A-Team with a History of Growing Mining Juniors
The next steps have been already set out:
- FOMO plans to advance the known gold zones through drill programs designed to test extensions along strike and depth of the historical resources at the N2 Property.
- Comprehensive geophysics, 2D/3D modelling, and a soil sampling program are in progress.
- Drill permitting started in April.
- A discovery program of 2,000 metres each in the RJE, Central, and East zones.
- A 5,000 metres fully funded drilling program targeted to resource expansion in A and RJ Zones will begin in June/July.
The final goal?
To define an NI 43-101 gold resource of up to 3 Moz of gold – an increase of almost 4x over the current resource.
And when a junior quadruples its gold resources during a raging gold bull market, investors will do one thing – scramble to invest in it.
The FOMO team has the blueprint, ambition, and know-how to expand the N2 Project’s resource base – the rocket fuel for FOMO stock.
Deepak Varshney – President, CEO & Director
A mining professional with 15+ years of experience at leading mining companies including Doubleview Gold and Usha Resources. Deepak has raised $40M+ in funding for mines in the last three years. He is currently CEO of Usha Resources, a TSX Venture-listed junior focused on the development of quality battery and precious metal resources. Deepak was previously CEO of Western Metallica Resources, where he led an $8M capital raise to develop copper resources in Peru and Spain.
Khalid Naeem, CPA, CGA
A Chartered Professional Accountant with a deep understanding of financial management, tax compliance, mergers & acquisitions, risk management, and financial reporting. Khalid is currently serving as CFO for publicly listed junior companies including Usha Resources, Xander Resources, and Totec Resources.
Navin Varshey, Director
A four-decade veteran of the mineral exploration and capital markets sectors, sporting leadership roles as President, CEO, and CFO across multiple TSX-listed issuers. Navin has raised $30M in the past decade for public and private ventures, and recently spearheaded the sale of a $26M asset by Usha Resources.
Now you have to join the dots.
Because this team of world-class mining executives has set FOMO on a course of major resource expansion and definition plan which will soon be reflected in its stock price…
The Acquisition Wildcard: How A Bargain Valuation & Perfect Location Could Put FOMO In The Crosshairs Of An M&A Frenzy
The reality is simple – acquisitions in the gold space are heating up fast.
Gold dominated the mining M&A space for the 2nd consecutive year in 2024, with an unprecedented 192.5 Moz of gold resources and reserves changing hands in deals worth $20B+.
M&A activity looks blistering hot, especially in the Abitibi region, with major deals in the last 12 months including:
- Agnico Eagle Mines’ friendly $204M acquisition of O3 Mining, whose primary asset the 100%-owned Marban Alliance property lies adjacent to Agnico Eagle’s Canadian Malartic complex.
- The CAD $2.16B acquisition by Goldfields of Osisko Mining, owner of the Abitibi’s Windfall Project.
- The acquisition by LaFleur Minerals, owner of the 187k oz gold resource Swanson Project, of the fully permitted Beacon Gold Property
- The sale by Yorbeau Resources of its flagship Rouyn gold property to a group of Australian investors for CAD $25M. The Rouyn property covers a 12-kilometre stretch of the Cadillac-Larder Lake Break, one of the major fault zones of the Abitibi region, with a combined NI 43-101-compliant gold resource of over 70,000 oz.
- The purchase by Molten Metals of the 5000-acre Senneterre West Gold Project, located in the Eastern Val d’Or district.
The Abitibi has produced over $12B in M&A activity since 2013 – and this could be just the beginning of an M&A tsunami.
Because there are very few miners that have the geographical imprint and geological edge that FOMO sports – and they’re all bigger players:In other words, FOMO is surrounded by the big boys.
And that’s not all.
Because within the junior gold space, FOMO showcases a gold resource valuation 60% lower than that of sector peers.
A re-rating by investors, a positive drilling results release, or a gold major going after FOMO as an appetising acquisition target – these catalysts would set up FOMO for spectacular price gains….
The Stars Are All Aligned To Ignite FOMO’s Stock Price
The investment potential of FOMO is clear as it is explosive. A number of major catalysts are about to put FOMO fully onto investors’ radars:
World-Class Gold Assets – Located in the best mining jurisdictions of the world, sporting excellent grades, blessed with superior geological features, with excellent infrastructure links, and the potential for significant resource expansion.
A Bargain Valuation – Just counting its historic 877,000 ounce gold resource, FOMO is valued at a ridiculously low price of less than CAD $19/oz. This means that FOMO’s gold resources are priced at less 1% of the current gold price.
N2 Project Catalysts – In the next 3-12 months, FOMO will be implementing its 5,000m diamond drilling campaign in highly prospective areas with very promising historical drilling results. The news releases could power FOMO stock as investors realise a new force in the Abitibi region is quickly emerging.
The M&A Windfall – FOMO rests among giants – who have an insatiable appetite for quality gold assets in areas adjacent to their properties. The list of companies in the Abitibi region is a veritable who’s who of major gold players, with a strong history of acquisitions, in particular of promising juniors.
A Strong Financial Position: FOMO is well-capitalized to execute its vision, with zero debt, $2M in working capital, and over $5M in in-the-money warrants held by insiders and strategic partners. This considerable war chest will fund exploration activities and support corporate operations.
Aligned Management Interests: Unlike most gold juniors, FOMO’s management is all-in on the company’s future prospects – with 67% of the company’s shares owned by directors and executives. This makes management’s interest one thing only: making the share price go up.
The catalysts are many, powerful, and already in play.
But as we write, the uncertain sentiment of the junior market is a window of opportunity for FOMO investors to get in at a bargain price.
And it looks like this window may be closing very soon…
Buying FOMO at a great price – while it’s still possible…
The simple fact is, we could easily be at the start of a major, multi-year, era-defining bull market in gold juniors..
And when these bull markets happen, the biggest price performers are always the same – small cap juniors with great mineral resources, effective teams, and rising investor recognition.
Right now, FOMO is trading at a market cap of only CAD $16.7M.
Investors are starting to take notice to the potential, with the price already up 60% in 2025.
But +60% is NOTHING compared to what could be lying ahead…
Because when mining juniors move up big, they don’t stop after a few weeks: they keep on rising over months and even years.
And double digit gains often turn into massive 10x, 25, or even 30x price gains.
Let’s face it, the junior market remains small.
The TSX Venture Index’s market cap is less than CAD $100B, compared to $1.9T for bitcoin and a staggering $47.5T for the S&P 500.
Investor sentiment can change on a whim, and when even a fractions of the trillions of dollars invested in global markets find their way to the gold juniors, FOMO stock can only go one way – up.
The problem is that with 67% of FOMO shares in the hands of insiders, there are very few left to go around…
With FOMO we are witnessing a ground-floor valuation for mineral assets that are strategic, high-quality, and rising in price – literally by the hour.
Its valuation, assets, and catalysts make FOMO into a textbook case of a stock aching to explode higher.
Investors need to decide whether they want exposure to one of the potentially most explosive junior mining opportunities of the 2020s.
If the answer is a resounding “yes” then the time to buy FOMO is now.
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