“Well-positioned for a breakout year”: Michael Dehn joins FOMO at key moment

Disclaimer and Information on Forward Looking Statements: Rockstone, Zimtu Capital Corp. (“Zimtu“) and Formation Metals Inc. (“FOMO“; “the Company“) caution investors that any forward-looking information provided herein is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the FOMO‘s public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through its documents filed on SEDAR at www.sedarplus.ca. All statements in this article, other than statements of historical fact, should be considered forward-looking statements. This article contains forward-looking statements within the meaning of applicable Canadian securities laws. Forward-looking statements include, but are not limited to, statements regarding: The interpretation of recent and ongoing drill results at the N2 Gold Project, including the potential thickness, continuity, geometry, scale and grade distribution of mineralization; the expectation that extensional drilling may expand and connect known mineralized zones along strike and at depth; the expectation that additional pending assays may further confirm continuity, expand the mineralized envelope or identify higher-grade domains; the expectation that continued drilling, geological interpretation and modeling may support the preparation of a future NI 43-101 compliant mineral resource estimate and subsequent updates; the Company’s stated objective of delivering a maiden mineral resource estimate in Q3 2026; the potential for further drilling to extend known zones, define a district-scale mineralized system or identify additional targets within the broader property; statements regarding the conceptual potential for near-surface or open-pit mineralization and bulk-tonnage scenarios; the expectation that metallurgical sampling and test work may validate assumptions regarding recoveries and variability; and statements regarding the potential for increased strategic interest, partnerships or corporate transactions. Forward-looking statements are based on management’s current expectations, assumptions and beliefs as of the date of publication and involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on forward-looking statements. Exploration and Geological Risk: Mineral exploration is inherently speculative. Subsequent drilling may return lower grades, narrower intervals, reduced continuity or different geometries than currently interpreted. Geological models may evolve as additional data are incorporated, and future results may materially alter current interpretations. Sampling, Assay and QA/QC Risk: Assay results may be impacted by coarse gold or nugget effects, sampling bias, analytical variability, QA/QC issues, laboratory constraints or delays in turnaround time. Reported drill intervals may not represent true widths, and interpretations may change as modeling advances. Historical Data and Verification Risk: The N2 Project contains historical mineral resource estimates and extensive historical data that are non-current and not compliant with NI 43-101 standards. There is no assurance that historical estimates will be verified, reproduced or converted into current mineral resources. Verification work may materially change interpretations of tonnage, grade, geometry, continuity or metallurgical response. Mineral Resource Estimate Risk: Any future mineral resource estimate will depend on assumptions including geological domaining, cut-off grades, density, recovery assumptions, compositing methods and geostatistical inputs. Mineral resource estimates are inherently uncertain and may change with new data or revised assumptions. Metallurgical and Technical Risk: Metallurgical performance, recoveries, grind characteristics and variability may differ from expectations and could impact technical or development assumptions. Additional geotechnical, hydrological and environmental data may influence future development concepts. Conceptual Development Risk: References to near-surface or open-pit potential, bulk-tonnage scenarios and district-scale interpretations are conceptual in nature. Key parameters such as strip ratio, capital costs, operating costs and economic thresholds have not yet been established and may ultimately determine that the project is not economically viable. Permitting and Regulatory Risk: Exploration activities are subject to permitting, environmental requirements and regulatory approvals. Delays, additional conditions or regulatory changes could affect timelines, costs and program scope. Financing Risk: While the current drill program is described as fully funded, further exploration and technical work will require additional capital. There is no assurance that such funding will be available on favorable terms. Operational Risk: Exploration activities may be impacted by weather conditions, seasonal limitations, contractor performance, equipment availability, labor constraints or unforeseen technical challenges. Environmental and Title Risk: Exploration activities may encounter environmental considerations requiring mitigation. Mineral titles and permits, while believed to be in good standing, may be subject to disputes, third-party claims or changes in land access regulations. Commodity Price and Macroeconomic Risk: Project economics and strategic interest are sensitive to gold prices and broader macroeconomic conditions, which are volatile and beyond the Company’s control. Strategic and M&A Risk: Any references to potential strategic partnerships, joint ventures, acquisitions or corporate transactions, including takeover scenarios, are speculative. There is no assurance that the project will attract strategic partners or acquirers regardless of exploration success. Market Volatility Risk: The Company may experience significant market volatility unrelated to exploration results, driven by broader market conditions, sector sentiment and liquidity constraints typical of junior exploration companies. Caution to readers: Forward-looking statements are not guarantees of future performance. Actual results may differ materially due to the risks and uncertainties described above and in the Company’s public disclosure filings. Mineralization in similar rocks or nearby deposits is not necessarily indicative of mineralization on the Company’s properties and historical work and data have not necessarily been independently verified and should not be relied upon as current.

Disclosure of Interest and Advisory Cautions: Nothing in this report should be construed as a solicitation to buy or sell any securities mentioned. Rockstone, its owners and the author of this report are not registered broker-dealers or financial advisors. Before investing in any securities, you should consult with your financial advisor and a registered broker-dealer. Never make an investment based solely on what you read in an online or printed report, including Rockstone’s report, especially if the investment involves a small, thinly-traded company that isn’t well known. The author of this report, Stephan Bogner, is paid by Zimtu Capital Corp. (“Zimtu”), a TSX Venture Exchange listed investment company. Part of the author’s responsibilities at Zimtu is to research and report on companies in which Zimtu has an investment. So while the author of this report is not paid directly by Formation Metals Inc. (“FOMO“), the author’s employer Zimtu Capital Corp. will benefit from volume and appreciation of FOMO‘s stock prices. The author also owns equity of FOMO, and he also owns equity of Zimtu Capital Corp. and thus will benefit from volume and price appreciation of these stocks. FOMO pays Zimtu Capital Corp. to provide this report and other services. FOMO has signed an agreement with Zimtu Capital Corp. (TSX.V: ZC) (FSE: ZCT1) (“Zimtu”) whereby Zimtu will provide marketing services under its ZimtuADVANTAGE program, effective August 1, 2025, for an initial term of 12 months at a cost of $12,500 per month. The program is designed to provide opportunities, guidance, marketing and assistance. Services include investor presentations, email marketing, lead generation campaigns, blog posts, digital campaigns, social media management, Rockstone reports & distribution, video news releases and related marketing & awareness activities. Zimtu is based in Vancouver, at Suite 1450 – 789 West Pender Street, Vancouver, BC V6C 1H2. Zimtu may be reached at 604.681.1568, or info@zimtu.com. Overall, multiple conflicts of interests exist. Therefore, the information provided in this report should not be construed as a financial analysis or recommendation but as an advertisement. Rockstone’s and the author’s views and opinions regarding the companies that are featured in the reports are the author‘s own views and are based on information that was received or found in the public domain, which is assumed to be reliable. Rockstone and the author have not undertaken independent due diligence of the information received or found in the public domain. Rockstone and the author of this report do not guarantee the accuracy, completeness, or usefulness of any content of this report, nor its fitness for any particular purpose. Lastly, Rockstone and the author do not guarantee that any of the companies mentioned in the report will perform as expected, and any comparisons that were made to other companies may not be valid or come into effect. Please read the entire disclaimer carefully. If you do not agree to all of the Disclaimer, do not access this website or any of its pages including this report in form of a PDF. By using this website and/or report, and whether or not you actually read the Disclaimer, you are deemed to have accepted it. Information provided is educational and general in nature. Data, tables, figures and pictures, if not labeled or hyperlinked otherwise, have been obtained from Formation Metals Inc., Tradingview, Stockwatch, and the public domain. The cover image of Michael Dehn is sourced from his LinkedIn profile.