Formation Metals Addresses Promotional Activity Concerns

Vancouver-based Formation Metals Inc. responded to a request from OTC Markets regarding recent promotional activities related to its shares. On April 16, 2026, OTC Markets alerted Formation about certain materials circulated by Steller Media Group, LLC, discussing the company and its gold projects. These were distributed with content drawn from publicly available information and previous company press releases.

Steller was engaged indirectly through third parties, notably 1502656 B.C. Ltd., who were hired for strategic digital media services with a disclosed six-month, $350,000 CAD agreement. The review by Formation's management found no false information in the promotional materials but advised that investors should perform their own due diligence.

The company has recognized a potential link between promotional activities and increased trading volume, though it credits corporate developments as a likely catalyst. Insider transactions by CEO Deepak Varshney, including a purchase of 100,000 shares, are publicly accessible via SEDI.

Formation has engaged other service providers for marketing over the past year but remains compliant with regulatory requirements regarding securities issuance.