Jacksboro, Texas, August 14, 2024 – Formation Minerals, Inc. (OTCQB: FOMI) (“Formation” or the “Company”), a growing oil and gas company with a focus on the acquisition and management of oil and gas minerals and royalties, today provided its fiscal year-end stockholder update. To our valued friends and stockholders, We hope that this letter finds you well and enjoying the summer. We at Formation continue to execute our strategy and are pleased to provide a corporate update in connection with...
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Formation Minerals, Inc. Enters into Definitive Agreement To Acquire Haynesville Shale Minerals
Provides Additional Company Updates JACKSBORO, Texas, June 27, 2024 - Formation Minerals, Inc. (OTCQB: FOMI) (“Formation” or the “Company”), a growing oil and gas company with a focus on the acquisition and management of oil and gas minerals and royalties, today announced that it has entered into a purchase and sale agreement with a private seller to acquire certain producing mineral interests in Bienville Parish, Louisiana for $220,000 in cash. The acquisition is subject to customary closing...
Formation Minerals, Inc. Announces Corporate Update
JACKSBORO, Texas, June 13, 2024 -- Formation Minerals, Inc. (OTCQB: FOMI) (“Formation” or the “Company”), a growing oil and gas company with a focus on the acquisition and management of oil and gas minerals and royalties, today provided an update on the Company’s activities following the closing of its acquisition of Verde Bio Holdings, Inc. (“Verde”) on May 9, 2024 to create a premier company focused on the acquisition and management of oil and gas minerals and royalties and its business...
Formation Minerals, Inc. Announces Opportunistic Divestiture of Assets
Divestiture includes five non-core or under-performing properties JACKSBORO, TEXAS, May 22, 2024 – Formation Minerals, Inc. (OTCQB: FOMI) (“Formation” or the “Company”), a growing oil and gas company with a focus on the acquisition and management of oil and gas minerals and royalties, today announced that, on May 21, 2024, it sold five non-core lower performing assets for $140,000 to a private buyer. “This is a great example of responsible portfolio management and the solid execution of our...