Formation Metals Inc. · CSE:FOMO
Formation Metals — Investor Presentation (October 2025)
24 slides from Formation Metals's investor presentation, October 2025
Slide 1: Unlocking Gold Potential in Québec, Canada
Unlocking Gold Potential in Québec, Canada Investor Presentation September 2026 CSE: FOMO | OTCQB: FOMTF | FSE: VF1
Slide 2: Forward Looking Statement
Forward Looking Statement This presentation and the information contained herein (the “Presentation”) has been prepared by Formation Metals Inc. (“Formation” or the “Company”) for the use of prospective investors for the purpose of evaluating a potential investment in securities of Formation. This P
Slide 3: Why Invest?
Why Invest? Flagship Asset Well Funded, Large N2 Property 871,000 Global Ounces Tight Capital Structure Rerating Opportunity 18 Mt @ 1.4 g/t Au (810,000 ounces of Gold)1,3 ~153 million shares outstanding ~$50M market cap (C$0.33, Sep 18) in a tightly structured company trading ~60% ownership by insi
Slide 4: Abitibi Greenstone Belt: Casa Berardi Deformation Zone
Abitibi Greenstone Belt: Casa Berardi Deformation Zone Why the Abitibi The Casa Berardi Greenstone Belt? Deformation Zone A major gold-bearing World’s largest mineral- structural corridor in rich greenstone belt. N2 Québec. Over 200 Moz of gold Home to world-class produced. deposits like Casa Berard
Slide 5: The N2 Property
LOCATION & INFRASTRUCTURE The N2 Property Abitibi Greenstone Belt, Québec | 100% owned | Built where mines get built Property Size ~4,400 ha / 87 claims Historical Resource 871,000 oz Au (6 zones)* Drilling History 236 holes / 55,517m Depth Intercepts Surface to 682m; avg 244m N2 Metallurgy 91.7% Au
Slide 6: Four Decades of Work on a Known System
HISTORY Four Decades of Work on a Known System 1981 Gold mineralization discovered by Minnova Inc. 1983 Cyprus Canada Ltd. identifies five key gold zones within the property. 1991 Historical resource: 243 Kt @ 7.82 g/t Au (~61,000 oz) for the RJ Zone. 1993 Historical resource: 18 Mt @ 1.4 g/t Au (~8
Slide 7: 871,000 Historical Ounces.
THE DEPOSIT 871,000 Historical Ounces. Six zones known, five with historical estimates (Kerr has none). All open along strike and at depth — ~80% of the 8 km corridor still untested. Zone Grade Historical Oz* Strike (Drilled/Open) Hit A-Zone 1.52 g/t 522,900 1.65 km / ~6.5 km open 84% Central Zone 1
Slide 8: The A-Zone: an 8 km auriferous corridor
THE GEOLOGY The A-Zone: an 8 km auriferous corridor — the pink hotspots mark the high-grade gold we’re tracking. CSE: FOMO | OTCQB: FOMTF | FSE: VF1 8
Slide 9: 871,000 Historical Ounces.
The resource is concentrated in Block 1 — our focus is expanding it into Blocks 2–5 (the open pit). Blocks 2–3 already carry THE DEPOSIT historic East-Zone gold, and the westward step-out (N2-26-021/022) has now reached Block 4, above the RJ Zone. 871,000 Historical Ounces. All zones open along stri
Slide 10: 871,000 Historical Ounces.
THE DEPOSIT It’s all about connecting the dots — grow the mineralized zones east and west and link them through the centre into one continuous system. 871,000 Historical Ounces. All zones open along strike and at depth — ~80% of the 8 km corridor still untested. Zone Grade CSE: FOMO | OTCQB: FOMTF |
Slide 11: Four Targets, One Corridor.
THE OPPORTUNITY Four Targets, One Corridor. One structurally controlled system, mapped in pieces: a pit horizon from bedrock, high grade beneath it, a parallel vein set 200 m south and its own down-dip — along 8 km of strike. Interpretation; see slide 2. Target 1 | Open pit Target 2 | Underground Ta
Slide 12: 75,000 Metres. Fully Funded.
THE PLAN 75,000 Metres. Fully Funded. All permits in hand. Program fully funded with ~$26.3M working capital, plus up to ~$9M in Quebec CIRR refunds. Forward-looking — see slide 2. 50,000m 25,000m Resource Expansion Discovery Expansion A-Zone RJE Zone Primary target — extend 522,900 historical oz al
Slide 13: Gold Starts at Bedrock.
THE OPPORTUNITY Gold Starts at Bedrock. Mineralization from the top of bedrock, under the thinnest overburden on the property — and the shallow half of the historical estimate is the better-grade half.* N2-26-033 | Top of gold North of the A-Zone Historical estimate (1993)* 7m 3.7–9 m 43% below surf
Slide 14: 95.6 m of Gold, 7 m Below Surface
DRILL RESULTS 95.6 m of Gold, 7 m Below Surface N2-26-033: gold from the first sample below overburden, for almost 100 metres (Sep 22, 2026). N2-26-033 | Full hole First 10 metres Extension 0.98 g/t 3.14 g/t 25–50m over 95.6m over 10.0m north Previously untested ground; 8.4–104.0 m downhole; top Bes
Slide 15: Why Nobody Found It Before.
THE DIFFERENCE Why Nobody Found It Before. Four decades of drilling on N2 looked for narrow, high-grade veins. Formation is the first operator to drill the system from the top of bedrock down as a bulk-tonnage target. ~25% 100% Then (1981–2008): core assayed Now (2025–26): core assayed Narrow-vein t
Slide 16: Gold in Every Direction
DRILL RESULTS Gold in Every Direction Step-outs north, south and west of the A-Zone have all returned gold — 17 of 17 released holes have hit. Hole ID From (m) To (m) Length (m) Au (g/t) Notes ★ Incl. 3.14 g/t over 10.0m; top at N2-26-033 8.4 104.0 95.6 0.98 7.1m vertical ★ Incl. 3.51 g/t over 10.5m
Slide 17: The A-Zone — Open on All Sides
A ZONE The A-Zone — Open on All Sides Exploration Drilling Exploration Open Drilling CSE: FOMO | OTCQB: FOMTF | FSE: VF1 17
Slide 18: The A-Zone — Continuous & Open
A ZONE The A-Zone — Continuous & Open Exploration Exploration Exploration Drilling Drilling Drilling Open Open Open Open Open CSE: FOMO | OTCQB: FOMTF | FSE: VF1 18
Slide 19: The A-Zone — Open at Depth
A ZONE The A-Zone — Open at Depth Exploration Drilling Exploration Drilling CSE: FOMO | OTCQB: FOMTF | FSE: VF1 19
Slide 20: The A-Zone Bulk Tonnage Target
The A-Zone A ZONE Bulk Tonnage Target CSE: FOMO | OTCQB: FOMTF | FSE: VF1 20
Slide 21: Path to a Maiden NI 43-101 Resource Estimate
THE DESTINATION Path to a Maiden NI 43-101 Resource Estimate Q1 2027 target — forward-looking statement; subject to results, data compilation, and market conditions. See slide 2. Sept 2025 Q4 2025 / Q1 2026 Feb–Sep 2026 Jun–Sep 2026 Apr–Nov 2026 Q1 2027 ✓ ✓ ✓ ✓ Phase 1 Launch Drilling & Core 17 Hole
Slide 22: Corporate Details
Corporate Details Deepak Varshney P.Geo., CEO & Director 15+ years in capital markets and mineral exploration; raised $75M+ in three years. B.Sc. Geosciences, SFU. 152,993,749 $50.5M Michael Dehn Independent Director SHARES ON ISSUE MARKET CAP 11 years as Senior Geologist with Goldcorp in Red Lake;
Slide 23: Investment Summary
Investment Summary 1 Gold Starts at Bedrock 2 Why Nobody Found It 3 Gold in Every Direction 0.98 g/t over 95.6 m from 7 m below Prior operators chased narrow veins Step-outs north, south and west have surface (033). 43% of the historical and assayed ~25% of their core. all returned gold; the A-Zone
Slide 24: Deepak Varshney, P.Geo. CEO
Deepak Varshney, P.Geo. CEO dvarshney@formationmetalsinc.com Learn More www.formationmetalsinc.com 778-899-1780 CSE: FOMO | OTCQB: FOMTF | FSE: VF1
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