VANCOUVER, BC / ACCESS Newswire / April 29, 2026 / 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 a proposed non-brokered private placement for aggregate gross proceeds of up to $15,000,000 (the "Offering"). Upon closing of the Offering, the Company intends on increasing its 2026 drill program to a fully funded 50,000 metres at the its flagship N2 Gold Project in Quebec (the "Property"), host to a global historic resource of ~871,000 ounces comprised of 18 Mt grading 1.4 g/t Au (~810,000 oz Au) across four zones (A, East, RJ-East, and Central)2,3 and 243 Kt grading 7.82 g/t Au (~61,000 oz Au) across the RJ zone2,4.