Formation Metals announced today that it has issued a secured convertible note in the principal amount of US$5,000,000 to a strategic private investor. "We are encouraged by this development," stated Mari-Ann Green, CEO of Formation Metals Inc. "This is a small, but important, part of the overall financing that the Company is pursuing to raise the [...]
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/12/12 -- Formation Metals Inc. (TSX: FCO) (the "Company") is providing an update on the progress of construction on its 100% owned Idaho Cobalt Project ("ICP"), which is managed by JDS Energy & Mining. The ICP is comprised of the development of a mine and construction of a concentrator at a [...]
The Idaho Conservation League and Formation Metals 100% owned subsidiary, Formation Capital Corporation, U.S. (Formation), announced the 2012 grantees for their Conservation Action Program to protect clean water and enhance fish and wildlife habitat in the Salmon River area. This year, recipients include Trout Unlimited, The Nature Conservancy [...]
Formation announces today that it has received notice that it has been placed on the Approved Refiners and Brands official list of the Commodity Exchange. Effective April 30, 2012 the "SUNSHINE" silver brand will be deliverable against the Exchange's Silver futures contract. Quality silver has been consistently produced for at least five years at [...]
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 04/04/12 -- Formation Metals Inc. (the "Company") (TSX: FCO) has been advised by the Virgin River Uranium Project operator, Cameco Corporation, that final results from the 2011 drill program have been received confirming additional high grade uranium intersections in diamond drill core from the [...]
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/29/12 -- Formation Metals Inc. (TSX: FCO) (the "Company") is providing an update on the progress of construction on its 100% owned Idaho Cobalt Project ("ICP"), which is managed by JDS Energy & Mining ("JDS"). The ICP is comprised of the development of a mine and construction of a concentrator at [...]
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/22/12 -- Formation Metals Inc. (TSX: FCO) ("Formation") (the "Company") announced today that it is repaying US$34.1 million of US$77.7 million in tax exempt Recovery Zone Facility Bonds (the "Bonds") to the bond purchaser from the cash held in trust (see news release dated November 22, 2011). The [...]
SAN FRANCISCO, Feb. 29, 2012 /PRNewswire/ -- Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc. (OTCQX: MERR), today announced that it will serve as the Principal American Liaison (PAL) for Formation Metals Inc.
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/29/12 -- Formation Metals Inc. (TSX: FCO)(OTCQX: FMETF) ('Formation') (the 'Company') announced today that the Company's shares have commenced trading on the OTCQX®, the United States Over-the-Counter (OTC) market's highest tier, under the symbol FMETF.
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/07/12 -- Formation Metals Inc. (TSX: FCO) ('Formation') (the 'Company') announced today it has signed an agreement with Union Bank, N.A. ('UB') mandating UB as Lead Arranger to provide a credit facility supporting the Company's US$77.7 million in tax exempt Recovery Zone Facility Bonds (the
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/12/12 -- Formation Metals Inc. (the 'Company') (TSX: FCO) has been advised by the Virgin River Uranium Project operator, Cameco Corporation, that the 2011 drill program has successfully concluded and that plans and budget for the 2012 drill program have been approved. The Virgin River Project is
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/21/11 -- Formation Metals Inc. (TSX: FCO) (the 'Company') has concluded its minesite portal bench geotechnical core drilling on its 100% owned Idaho Cobalt Project ('ICP'). The ICP, is comprised of a primary cobalt mine in Lemhi County near the town of Salmon, Idaho, and the Cobalt Production
