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Formation Metals Receives Form 211 Clearance; Anticipates Uplisting on the OTCQB Shortly to Expand US Investor Outreach Following Acquisition of Historical 877,000 Oz Gold N2 Property
VANCOUVER, BC / ACCESS Newswire / May 13, 2025 / Formation Metals Inc. ("Formation" or the "Company") (CSE:FOMO), a North American mineral acquisition and exploration company, is pleased to announce that its submission of Form 211 to FINRA has been ...
About this update from Formation Metals Inc.
[{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / May 13, 2025 / Formation Metals Inc. ("Formation" or the "Company") (CSE:FOMO), a North American mineral acquisition and exploration company, is pleased to announce that its submission of Form 211 to FINRA has been cleared and the Company's shares now qualify for trading in the United States on the OTCQB® Venture Market. The Company's shares will commence trading on the OTCQB® in the coming days under the symbol "FOMTF".","length":496,"tagName":"p"},{"type":"text","content":"The OTCQB, operated by OTC Markets Group Inc., is recognized as a premier marketplace for emerging and growth-focused companies in the U.S. and globally. Companies listed on the OTCQB meet rigorous financial and reporting standards established by the U.S. Securities and Exchange Commission, providing investors with enhanced transparency and reliable information. This upgrade will not only reinforce Formation's commitment to excellence but also enhances its visibility among a broader investor audience, bringing new confidence to those investing in its future.","length":568,"tagName":"p"},{"type":"text","content":"The uplisting of Formation's shares to the OTCQB® is a key piece of Formation's strategy to bring global visibility to the Company as it strives to establish itself as a leader in the precious metals industry.","length":217,"tagName":"p"},{"type":"text","content":""Uplisting to the OTCQB will be a transformative step for Formation Metals" said CEO Deepak Varshney. "We are thrilled to be joining this respected market, which, along with our existing DTC eligibility, may provide new opportunities for visibility, liquidity, and engagement with both institutional and retail investors in the US market."","length":359,"tagName":"p"},{"type":"text","content":"Mr. Varshney continued: "With preparations for our fully funded 5,000 metre maiden drill program at N2 underway, the upcoming quarter will be a very busy one for Formation. Our maiden program will focus on building on the successes of our predecessors. The drilling discoveries made by Agnico-Eagle and Cypress after the initial historic resource estimate show the expansion potential at N2. With gold at nearly $3,300, almost 5 times the price in 2008 when Agnico last drilled the project, we believe...