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Last C$0.12 CAD
Change Today 0.00 / 0.00%
Volume 13.0K
As of 3:35 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

formation metals inc (FCO) Snapshot

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09/10/14 - C$0.27
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07/31/15 - C$0.09
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formation metals inc (FCO) Details

Formation Metals Inc. engages in the acquisition, exploration, and development of mineral natural resource properties in Canada, the United States, and Mexico. The company’s principal project is the 100% owned Idaho Cobalt Project (ICP), which comprises the ICP mine site located in Lemhi County, Idaho, near the town of Salmon. It also explores for silver, gold, copper, lead, zinc, uranium, platinum group metals, and rare earth elements. The company was formerly known as Formation Capital Corporation and changed its name to Formation Metals Inc. in October 2009. Formation Metals Inc. was founded in 1988 and is headquartered in Vancouver, Canada.

7 Employees
Last Reported Date: 05/28/15
Founded in 1988

formation metals inc (FCO) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: C$200.0K
Chief Financial Officer and Corporate Secreta...
Total Annual Compensation: C$120.0K
Compensation as of Fiscal Year 2015.

formation metals inc (FCO) Key Developments

Formation Metals Inc, Board Meeting, Jun 25, 2015

Formation Metals Inc, Board Meeting, Jun 25, 2015. Agenda: To appoint officers.

Formation Metals Inc Reports Audited Consolidated Earnings Results for the Year Ended February 28, 2015

Formation Metals Inc. reported audited consolidated earnings results for the year ended February 28, 2015. Loss from operating activities was CAD 1,055,261 against CAD 8,222,124 last year. Net loss before taxes from continued operations was CAD 10,663,545 against CAD 19,197,917 last year. Net loss after taxes from continued operations was CAD 8,946,483 against CAD 14,154,703 last year. Total comprehensive loss for the year was CAD 9,214,302 or CAD 0.10 per basic and diluted share against CAD 13,326,554 or CAD 0.16 per basic and diluted share last year. Net cash used in operating activities from continuing operations was CAD 726,569 against CAD 6,518,004 last year. Net cash provided by operating activities from discontinued operations was CAD 1,280,178 against net cash used in operating activities from discontinued operations of CAD 236,788 last year. Mineral property expenditures were CAD 1,159,596 against CAD 2,387,154 last year. Purchase of property, plant and equipment, net of deposits was CAD 373,575 against CAD 1,826,404 last year.

Formation Metals Inc Auditor Raises 'Going Concern' Doubt

Formation Metals Inc filed its Annual on May 28, 2015 for the period ending Feb 28, 2015. In this report its auditor, Smythe Ratcliffe, gave an unqualified opinion expressing doubt that the company can continue as a going concern.


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