Can This Junior Miner Ride Two Booms at Once?
The New Commodity Supercycle
As the world races toward net-zero, a new commodity crunch is emerging. Electric vehicles, wind turbines, and giant batteries all depend on an array of critical minerals - lithium, cobalt, nickel, copper, rare earths - often dubbed the “new oil” of clean energy. Demand for these resources is surging, outpacing supply and drawing attention from policymakers and investors alike. In 2024, the critical minerals market reached about US$328 billion and is projected to hit US$587 billion by 2032 (7.5% annual growth). In fact, clean energy applications now account for over 40% of global copper and rare earth demand, 60-70% of nickel and cobalt use, and nearly 90% of lithium consumption.
Source: datamintelligence
Governments are responding; the U.S. Department of Energy flagging minerals like cobalt and nickel as vital to national security. Western countries are incentivizing domestic mining to secure supply chains. This macro backdrop creates a powerful tailwind for mining companies, and one small Canadian player is looking to seize the moment.
A Junior Miner Steps Up
Aiming to capitalise on this shift is Formation Metals Inc. (CSE: FOMO), an emerging junior miner focused on supplying the metals that power the clean economy. Based in Vancouver, the company has built a portfolio of projects in mining-friendly regions of North America, targeting both high-tech battery metals and precious metals.
Open Formation Metals (CSE: FOMO | OTCQB: FOMTF) on Charles Schwab, TD, Fidelity, Interactive Brokers, E-Trade.
Its strategy is two-pronged:
Develop critical battery metals like nickel, cobalt, and copper for the EV boom
Advance a significant gold project as a hedge and value driver.
N2 Gold: A Classic Play in a Storied Mining Region
The company’s flagship asset is the N2 Gold Project in Québec’s Abitibi Greenstone Belt – a region famed for prolific gold mines. N2 already hosts a historical resource of roughly 870,000 ounces of gold across several zones, and Formation just announced plans for a 20,000-metre drilling program to expand and upgrade that resource.
First 5,000 metres are fully funded and set to begin this summer, aiming to unlock a multi-million-ounce deposit.
The timing looks fortuitous: gold has been one of 2025’s best-performing assets, up nearly 30% year-to-date, with prices hitting record highs above US$2,850/oz amid inflation fears and geopolitical tensions.
In other words, if you’re going to hunt for gold, now is a good time to do it.
Drilling Into the EV Supply Chain at Nicobat
On the battery metals front, Formation’s Nicobat Project in Ontario is a 100%-owned nickel-copper-cobalt play situated in a stable jurisdiction with roads, power, and strong local support.
Nickel and cobalt are essential for lithium-ion batteries used in EVs, and having a domestic source can help North America reduce reliance on overseas supply.
Two patented claims and excellent infrastructure in place.
Positioned as a potential future supplier of the materials fueling electric cars and energy storage.
Taps directly into the surging demand for battery metals – demand expected to climb sharply as EV adoption grows (nickel demand alone is projected to jump over 20% by 2030).
LINK TO PROJECTS: https://formationmetalsinc.com/projects/
The Formation Narrative
For retail investors, Formation Metals offers a speculative but intriguing play on the green energy supply chain. There are a few factors that give Formation a potential edge.
✅ Its projects are in North America’s safest mining regions, which helps de-risk development and appeals to partners wary of geopolitical instability.
✅ Formation’s leadership brings experience in both geology and capital markets. CEO Deepak Varshney, P.Geo., and his team have collectively raised over $100 million for mining ventures and have a track record in advancing exploration projects. In short, this isn’t a casual prospecting effort – it’s a focused push to create value.
✅ The company’s dual commodity approach (gold + battery metals) provides diversification. Gold can generate cash or investor interest when economic uncertainty rises, while battery metals are a high-growth segment riding the EV wave. If gold prices remain elevated and EV demand keeps climbing, Formation sits at an advantageous crossroads of these trends.
Final Outlook
For investors, the why now is clear. A global push for clean energy is underway, critical mineral supply is struggling to keep up, and gold is providing a glittering backstop. Formation Metals is a small company with a bold plan to ride these tailwinds, positioning itself at the nexus of powerful market forces. Whether it can deliver on that promise will hinge on the drill bit and the execution by its savvy team. It’s a story worth watching in the months ahead as the results start to roll in.
Open Formation Metals (CSE: FOMO | OTCQB: FOMTF) on Charles Schwab, TD, Fidelity, Interactive Brokers, E-Trade.
DISCLAIMER
This newsletter is published for informational and marketing purposes only and should not be considered investment advice, financial guidance, or a recommendation to buy or sell any securities. All content herein reflects the opinions of the authors at the time of publication and is subject to change without notice.
This material was prepared and distributed on behalf of Formation Metals Inc., and Cashu Markets has been compensated two thousand U.S. dollars by the company for the creation and dissemination of this content. Cashu Markets is not registered as a securities dealer, investment advisor, or broker-dealer with any securities regulatory authority.
The information provided may contain forward-looking statements that involve known and unknown risks and uncertainties which may cause actual results, performance, or achievements to differ materially from those expressed or implied. Readers should not rely solely on this publication when making investment decisions and are strongly encouraged to conduct their own research and consult with a licensed financial advisor before making any investment decision.
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