Investigating Formation Metals (FOMO) as a Potential Leading Gold Stock for 2025
In the heart of Quebec's Abitibi sub-province, a region renowned for its gold production, Formation Metals Inc. is making significant strides with its flagship N2 Gold Project. This project, covering 87 claims over nearly 4,400 hectares, is strategically located along the Casa Berardi trend, a prolific gold-producing district [1][2].
The N2 Gold Project boasts a historical gold resource of around 870,000 ounces, spread across multiple zones, with a high-grade RJ zone containing 243,000 tonnes at 7.82 g/t gold [1][2]. Notably, only about a third of the "A" zone has been drilled, leaving over 3 kilometers open for resource expansion, with management believing the resource could grow well beyond 3 million ounces with proper exploration [1][2].
Formation Metals has recently expanded its maiden drill program at N2 to a fully-funded 7,500 meters in Phase 1, part of a planned 20,000-meter multi-phase program aimed at key historic zones like “A” and “RJ.” This drilling campaign, set to start by July 2025, is supported by approximately C$2.6 million in working capital [3].
Beyond gold, there are encouraging historical copper and zinc intercepts at the site, presenting potential for base metal discoveries alongside the gold [3]. This alignment with the surging demand for metals tied to electrification and clean energy further enhances the project's appeal.
The N2 Gold Project is well-positioned to capitalise on the current gold bull market, with soaring gold prices increasing the economic attractiveness of the project [1]. As gold prices have surged over $3,400 per ounce in 2025, central banks and investors are buying gold as a safe-haven asset, contributing to the demand [4].
With the first 5,000 metres of the drill program already underway, Formation Metals is poised for a major upside move due to its large, underexplored gold project, base metals potential, fully funded drill campaign, and clear path to resource expansion. As a result, Formation Metals Inc. is shaping up to be one of 2025's most interesting junior mining stories.
[1] Formation Metals Inc. (2022). N2 Gold Project. Retrieved from https://formationmetals.com/projects/n2-gold-project/
[2] Mining.com (2022). Formation Metals kicks off drilling at N2 Gold Project in Quebec's Abitibi region. Retrieved from https://www.mining.com/formation-metals-kicks-off-drilling-at-n2-gold-project-in-quebecs-abitibi-region/
[3] Proactive Investors (2022). Formation Metals initiates 20,000-metre drill program at N2 Gold Project in Quebec. Retrieved from https://www.proactiveinvestors.com/companies/news/955147/formation-metals-initiates-20000-metre-drill-program-at-n2-gold-project-in-quebec-955147.html
[4] Kitco News (2022). Gold prices soar above $3,400 an ounce as central banks and investors buy gold. Retrieved from https://www.kitco.com/news/2022-07-18/Gold-prices-soar-above-3400-an-ounce-as-central-banks-and-investors-buy-gold.html
- Formation Metals Inc.'s N2 Gold Project, with its potential for clean energy-tied metals and enormous underexplored gold resource, could attract significant investment in the finance industry, given the current lifestyle trends that prioritize clean energy and the ongoing gold bull market that highlights the project's economic attractiveness.
- As technology advances and electrification demand surges, the N2 Gold Project, with its encouraging historical base metals intercepts, presents an opportunity for investment in clean energy, aligning with the project's gold and base metal potential.
- The N2 Gold Project's strategic location, combined with its technology-driven drilling program and the increasing demand for sports equipment and infrastructure due to the growing global sports industry, makes it an attractive proposition for investors seeking diversified investment opportunities in the finance sector.
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