Formation Metals Closes Second Tranche of its Private Placement for Aggregate Proceeds of $8.46M, Increases Drill Program to 30,000 Metres at the Advanced N2 Gold Project

VANCOUVER, BC / ACCESS Newswire / October 31, 2025 / Formation Metals Inc. ("Formation" or the "Company") (CSE:FOMO)(FSE:VF1)(OTCQB:FOMTF), a North American mineral acquisition and exploration company, is pleased to announce that, further to its news releases of September 30, 2025, October 1, 2025 and October 15, 2025, it has closed the second tranche of its private placement, raising $8,456,619.81 in gross proceeds through the issuance of 17,837,838 units (each a "LIFE Unit") at $0.37 per LIFE Unit (the "L ...