Formation Minerals, INC

Formation Minerals, Inc. has entered into a securities purchase agreement with Alumni Capital, LP, issuing a promissory note for $60,000 to bolster its legal and general working capital.

Formation Minerals was delisted from the OTCQB market due to a late filing of its quarterly report but has since filed the report and is seeking reinstatement to the OTCQB tier.

Formation Minerals, Inc. announces a $1 million common stock purchase agreement with Alumni Capital, LP to bolster growth and development.

Formation Minerals, Inc. has entered into a securities purchase agreement for a private placement of convertible preferred stock, raising $95,000 for general working capital.

Formation Minerals has entered into a $10 million equity financing agreement with GHS Investments, providing a foundation for growth and development.

Formation Minerals, Inc. has sold its oil and gas mineral rights in Larimer County, Colorado for $75,000 in cash.

Formation Minerals, Inc. reported a significant increase in its working capital deficit and accumulated deficit for the quarter ended January 31, 2025, raising substantial doubt about its ability to continue as a going concern despite a strategic pivot to oil and gas assets and recent capital raises.

Formation Minerals, Inc. reports increased revenue from oil and gas properties but also a larger net loss for the quarter ended October 31, 2024, compared to the same period last year.

Formation Minerals, formerly SensaSure Technologies, reports a net income of $264,770 for the quarter ending July 31, 2024, following a reverse merger and a strategic shift to energy assets.

SensaSure Technologies Inc. reported its financial results for the quarter ended January 31, 2024, and detailed a strategic shift from medical technology to the energy sector through a merger with Verde Bio Holdings.

SensaSure Technologies has filed an amendment to its quarterly report to correct omissions related to disclosure controls and procedures and to include previously omitted exhibits.

SensaSure Technologies has filed an amendment to its quarterly report to address previously omitted disclosures regarding internal controls and procedures.

Formation Minerals Inc., formerly a medical technology company, has transitioned to the energy sector through a merger with Verde Bio Holdings, acquiring oil and gas assets across multiple U.S. basins.

SensaSure Technologies has filed an amendment to its annual report to address previously omitted disclosures regarding ineffective internal controls and procedures.

Sze Tang (Albert) Li, a director of Formation Minerals, acquired 2,501,250 shares of common stock through the conversion of debt at $0.04 per share.

Chan Tsz King, a director and 10% owner of Formation Minerals, acquired 366,250 shares of common stock through the conversion of debt held by Horizon Private Fund Limited.

Sze Tang (Albert) Li, a director of Formation Minerals, Inc., reports acquiring 23,110,000 shares and disposing of 500,000 shares of common stock.

Scott Cox, President, CEO & CFO of Formation Minerals, files an amended Form 4 to correct an omission regarding shares beneficially owned indirectly through his spouse.

CEO Scott Cox of Formation Minerals, Inc. recently purchased 100 shares of the company's common stock in the open market.

CEO Scott Cox increased his holdings in Formation Minerals through open market purchases.