VF1.F is trading approximately 11% up at €0.20 following a week of high volatility driven by positive exploration results and a significant capital injection.
- Formation Metals reported A-Zone step-out results at the N2 Gold Project, extending mineralization 200 metres west into previously undrilled ground.
- The company is launching a fully funded 75,000-metre drill program backed by C$22.4M in private placement proceeds.
- Following the financing, the company holds approximately C$30.7M in working capital with zero debt.