08:07 AM EST, 01/16/2025 (MT Newswires) -- Wallbridge Mining Company Limited ( WLBMF ) entered Thursday into an option agreement with Formation Metals Inc. (CSE:FOMO) that grants Formation an option to acquire a 100% ownership interest in the N2 property.

Pursuant to the option agreement, and subject to the approval of the Canadian Securities Exchange, Formation will make payments totaling $550,000 in cash, issue an aggregate of 4 million common shares, and complete $5 million of work expenditures.