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

Core Points - Formation Metals Inc. has successfully closed the second tranche of its private placement, raising a total of $8,456,619.81 in gross proceeds [1] - The company issued 17,837,838 LIFE Units at a price of $0.37 each and 4,528,341 flow-through units at $0.41 each [1] - Following this funding round, Formation Metals has approximately C$12.7 million in working capital and maintains a zero debt status [1]