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Formation Metals Inc. — Capital/Financing Update 2025
Aug 7, 2025
48467_rns_2025-08-07_be3bb62e-73cb-4920-a2ef-dae14d26c18e.pdf
Capital/Financing Update
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FORM 51-102F3
MATERIAL CHANGE REPORT
Item 1: Name and Address of Reporting Issuer
Formation Metals Inc. (the “Company” or “Formation”)
Suite 400 – 1681 Chestnut Street
Vancouver, BC V6J 4M6
Item 2: Date of Material Change
August 6, 2025.
Item 3: News Release
A news release was disseminated on August 7, 2025 and filed on SEDAR+ (www.sedarplus.ca.).
Item 4: Summary of Material Changes
The Company announced that it has closed its final tranche of its non-brokered private placement raising gross proceeds of $403,845.74 through the issuance of 928,381 charity flow-through units (each a “CFT 4MH Unit”) at $0.435 per CFT 4MH Unit (the “CFT 4MH Unit Offering”).
Item 5: Full Description of Material Change
The Company announced that it has closed its final tranche of the CFT 4MH Unit Offering raising gross proceeds of $403,845.74 through the issuance of 928,381 CFT 4MH Unit at $0.435 per CFT 4MH Unit.
Each CFT 4MH Unit consists of one Share (a “CFT 4MH Share”) and one common share purchase warrant (a “CFT 4MH Warrant”), with each CFT 4MH Warrant exercisable to acquire one additional Share at an exercise price of $0.60 for a period of two (2) years from the closing date of the CFT 4MH Unit Offering. Each CFT 4MH Share qualifies as a “flow-through share” within the meaning of subsection 66(15) of the Income Tax Act (Canada).
No finder’s fees were paid in connection with the CFT 4MH Unit Offering. All securities issued are subject to a statutory hold period of four months following the date of issuance in accordance with applicable Canadian securities laws. The Company intends to use the net proceeds of CFT 4MH Unit Offering for fieldwork at the Company’s exploration projects.
Item 5.2 Disclosure for Restructuring Transactions
Not applicable.
Item 5.2: Disclosure for Restructuring Transactions
Not applicable.
Item 6: Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
Not applicable.
Item 7: Omitted Information
The property information was omitted.
Item 8: Executive Officer
For further information, please contact:
Deepak Varshney, CEO
T: 778-899-1780
E: [email protected]
Item 9: Date of Report
August 7, 2025.