Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
FOMO.CN
SELLREMOVEFormation Metals Inc · Basic Materials · Canada · $25M · Avg Vol: $101K/d
Formation Metals is a micro-cap explorer/developer. It is a highly speculative, pre-revenue basic materials play that lacks any of the quality compounding metrics or structural moats required by our investment philosophy.
COMPANY DESCRIPTION
Formation Metals Inc. is a junior mineral exploration company focused on the acquisition and exploration of high-grade critical metal deposits in Canada. The company's portfolio targets metals essential for the battery and aerospace industries, including cobalt, nickel, and copper. Formation Metals aims to establish a secure, domestic supply chain of critical minerals through systematic exploration and strategic partnerships.
FINANCIAL SUMMARY
| Year | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | — |
| EPS | -0.00 | 0.00 | -0.00 | 0.07 | — |
| Shares | 28M | 28M | 28M | 45M | +59.0% |
| Debt | 0 | 0 | 24,974 | 103,194 | 313.2% |
| Equity | 378,381 | 382,757 | 881,739 | 2M | 72.7% |
| Op CF | -3,340 | 0 | -99,073 | -680,367 | — |
| Inv CF | -1,115 | -4,376 | -1,303 | -150,413 | — |
| Fin CF | 4,456 | 4,376 | 615,630 | 1M | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Basic Materials, ranked by industry match, size, and score similarity. Cross-listings of FOMO.CN are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| FOMO.CN | Formation Metals Inc(you) | $25M | 21 | SELL |
| MERG.V | Metal Energy Corp. | $32M | 23 | SELL |
| STUD.V | Stallion Uranium Corp. | $35M | 20 | SELL |
| JUGR.V | Juggernaut Exploration Ltd. | $30M | 16 | STRONG SELL |
| TNR.V | TNR Gold Corp. | $38M | 21 | SELL |
| AVL.TO | Avalon Advanced Materials Inc. | $36M | 18 | STRONG SELL |
| VMXX.V | Valhalla Metals Inc. | $27M | 12 | STRONG SELL |
| GRBM.CN | Green Bridge Metals Corporation | $33M | 26 | SELL |
| DAU.V | Desert Gold Ventures Inc. | $34M | 26 | SELL |
| FOXT.V | Fox Tungsten Ltd. | $27M | 10 | STRONG SELL |
Peer medians: ROE -12.3% · P/E 15.3x · Gross margin 0.0%