VF1.F is trading 11% up now at €0.20 after Formation Metals closed a C$22.4 million oversubscribed private placement and expanded its N2 Gold Project drill program to a fully funded 75,000 metres.
- Investors are reacting to strong A-Zone step-out drill results and the scale of the enhanced exploration program at N2.
- The company remains in a strong financial position with approximately C$30.7 million in working capital and zero debt.