Live Gold Rate in Kuwait Today
In this comprehensive article, we will delve into why the gold rate matters, how the daily gold prices are determined, what factors affect them, and how buyers and investors in Kuwait can benefit from timely updates.
Kuwaitis have a deep cultural and financial connection with gold. It is commonly purchased for weddings, festivals, family heirlooms, and as a long-term investment. Gold is considered a reliable asset that retains its value over time and can be quickly liquidated if needed.
Many Kuwaiti families pass down gold jewelry from generation to generation, and the local gold market thrives on both retail jewelry sales and bullion trading. As a result, monitoring the Today Gold Rate in Kuwait has become a daily habit for countless individuals and businesses.
Gold prices fluctuate constantly due to several economic, political, and environmental factors. Monitoring the Today Gold Rate in Kuwait gives buyers and sellers the chance to take advantage of favorable pricing, whether they're purchasing for personal use or investment.
Here are some key reasons to stay updated: Smart purchasing: Knowing the daily rate helps consumers buy gold when prices are low.
Knowing the daily rate helps consumers buy gold when prices are low. Investment timing: Investors watch for price dips or upward trends to make profitable trades.
Investors watch for price dips or upward trends to make profitable trades. Budgeting: Consumers can plan gold purchases (especially for events) more efficiently.
Consumers can plan gold purchases (especially for events) more efficiently. Profit margins: Businesses that buy and sell gold can better calculate their profit potential.
Gold prices in Kuwait are not fixed. They are influenced by a variety of local and global factors, including:
Since gold is a global commodity, its base price is influenced by international markets, particularly the London Bullion Market and COMEX (Commodity Exchange) in the U.S. Any fluctuations in those markets directly affect the Today Gold Rate in Kuwait.
The Kuwaiti Dinar (KWD) is a strong and stable currency, but changes in the exchange rate between the KWD and USD (U.S. Dollar) impact gold pricing. Gold is traded globally in USD, so any shift in exchange rates can cause a ripple effect on local rates.
Kuwait imports most of its gold, so the duties and taxes imposed on gold imports influence the final retail price. Even though Kuwait has relatively low taxation, these fees still contribute to slight variations in the Today Gold Rate in Kuwait.
Demand rises during festive seasons, weddings, and economic uncertainty. The supply of gold, both globally and locally, also plays a role in setting prices. A higher demand with a lower supply naturally increases gold prices. This guide is brought to you by GoldPriceMe, your trusted source for real-time gold data and trends.
During inflationary periods or global financial instability, people tend to invest in gold as a safe haven. This increased demand can cause a spike in prices. Conversely, in stable economic times, the price may stabilize or decline slightly.
In Kuwait, gold is sold in various purities, each with a different price per gram. The most common types are: 24K (Pure Gold): This is the purest form of gold with a 99.9% purity level. It's ideal for investment purposes.
This is the purest form of gold with a 99.9% purity level. It's ideal for investment purposes. 22K: Slightly less pure, but preferred for making jewelry due to its durability.
Slightly less pure, but preferred for making jewelry due to its durability. 21K and 18K: Popular among consumers for day-to-day wear. More affordable but less pure.
The Today Gold Rate in Kuwait is usually quoted per gram for all these categories. Buyers should always check which karat value the rate refers to when making a decision.
While many rely on jeweler shops for daily pricing, others turn to trusted data sources for up-to-the-minute gold price updates. That's where GoldPriceMe comes in. Known for its accurate and real-time gold market updates, the platform helps buyers and sellers stay informed with daily gold rate trends in Kuwait.
Whether you're a casual buyer or a professional trader, having instant access to reliable pricing data is key to making informed decisions.
Making the right gold purchase goes beyond just knowing the daily rate. Here are a few additional tips:
Visit multiple gold stores to compare pricing. There may be minor variations based on the vendor's markup, design fees, and location.
Jewelry often includes 'making charges' – fees added for the craftsmanship involved in turning gold into intricate designs. This can significantly affect the total cost.
Always ask for a certificate of authenticity, especially for higher karat gold. It confirms the purity and helps during resale.
For investment gold like bars or coins, ensure proper storage to protect your assets from theft or damage.
Don't base your decision on a single day's price. Track the Today Gold Rate in Kuwait over weeks or months to understand trends and predict better entry or exit points for buying and selling.
If you're planning to sell gold, timing and awareness are everything. Make sure to: Check the Today Gold Rate in Kuwait before visiting a buyer.
before visiting a buyer. Compare offers from multiple dealers.
Bring any original receipts or certificates.
Weigh your gold accurately.
Negotiate wisely—some dealers may try to lower the price based on minor purity issues.
Knowing the current market price puts you in a stronger position to negotiate and ensures you're getting a fair deal.
Gold has historically been a safe and rewarding investment. In times of political unrest, economic uncertainty, or inflation, gold tends to perform well. Many investors in Kuwait choose to diversify their portfolio by adding gold assets such as: Physical gold (bars and coins)
Gold jewelry (although making charges affect returns)
Digital gold or gold ETFs (if accessible)
Like any investment, gold should be approached strategically. Always study market movements, keep an eye on the Today Gold Rate in Kuwait, and make purchases with long-term goals in mind.
Gold demand in Kuwait typically spikes during: Ramadan and Eid
Wedding seasons
Back-to-school periods (for gifting)
Year-end holidays
Prices may increase during these times due to higher demand. If you're not in a rush to buy, waiting for off-peak seasons could help you get better rates. Ignoring the Making Charges: A low gold rate doesn't always mean a better deal if making charges are too high. Not Confirming Purity: Always ensure you're getting the karat value you paid for. Impulse Buying: Buying gold without monitoring trends or comparing rates can result in overpaying. Buying Without Documentation: No certificate or receipt could hurt resale value or make selling difficult. Also Read Not Watching the Daily Price: Gold prices change frequently. Timing your purchase is essential.
Gold is more than a precious metal in Kuwait—it's a symbol of heritage, wealth, and security. With fluctuating market conditions and increasing economic uncertainties, knowing the Today Gold Rate in Kuwait can help you make smarter decisions whether you're buying for personal use or investment purposes.
Thanks to trusted platforms like GoldPriceMe, getting real-time updates and understanding the market has never been easier. Stay informed, shop smart, and let the timeless value of gold work for you.
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Associated Press
28 minutes ago
- Associated Press
Formation Metals Expands Maiden Drill Program at the Advanced N2 Gold Project to Fully Funded 7,500 Metres
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Highlights: VANCOUVER, BC / ACCESS Newswire / July 6, 2025 / Formation Metals Inc. ('Formation' or the 'Company') (CSE:FOMO)(FSE:VF1)(OTCPK:FOMTF), a North American mineral acquisition and exploration company, is pleased to announce that it has elected to expand its maiden drill program at its N2 Gold Property ('N2" or the 'Property'), located 25 km south of Matagami, Quebec, to a fully funded 7,500 metres. The Company anticipates commencing on the program in July, having officially filed its Annual Exploration Work Notice ('Planification Annuelle Des Travaux d'Exploration') with the responsible municipal authorities for its upcoming 2025 exploration activities on June 17, 2025. This filing must be completed 30-days in advance of the commencement of fieldwork and ensures compliance with regulatory requirements and reflects the Company's continued commitment to transparency, community engagement, and responsible mineral exploration practices. The work program will focus on advancing key targets across Formation's Quebec-based properties. The 7,500 metres comprising Phase 1 is part of its planned 20,000 metre multi-phase drill program at N2, an advanced gold project with a global historic resource of ~870,000 ounces comprised of 18 Mt grading 1.4 g/t Au (~809,000 oz Au) across four zones (A, East, RJ-East, and Central)2,3 and 243 Kt grading 7.82 g/t Au (~61,000 oz Au) across the RJ zone2,4. 'We are very excited to commence our maiden drill program at N2" said Deepak Varshney, Chief Executive Officer of Formation. 'Filing the Annual Exploration Work Notice marked the final regulatory step as we prepare to commence field activities upon receipt of the ATI. Based on our on-going review and planning for Phase 1, we feel comfortable in expanding our maiden drill program to a fully funded 7,500 metres. We anticipate receiving the ATI permit shortly, allowing us to proceed with our exploration activities as scheduled.' Mr. Varshney continued: 'The summer is going to be a very exciting time as we embark on our fully funded maiden 7,500 metre drill program at N2. Given the scale of the property, the compelling geological data, and the Abitibi Greenstone Belt's established history as a hotbed for gold mining, we are hopeful that the program will deliver our goal of delivering a near-surface multi-million-ounce deposit at N2. We see the potential for a significant gold deposit at N2, and our maiden 7,500-metre drilling program will mark the beginning of Formation's pursuit of that goal. Our maiden program will focus on building on the successes of our predecessors. The drilling discoveries made by Agnico-Eagle and Cypress show the potential at N2. With gold at almost $3,400, over 4 times the price in 2008 when Agnico last drilled the project, we believe that the timing is perfect for N2 and look forward to a very busy upcoming quarter.' The drill program is designed to focus on discovery drilling at new high-potential targets along the mineralization strikes at the 'A', 'RJ' and 'Central' zones in the northern part of the Property in order to discover new auriferous trends and unlock new zones of gold mineralization. The program will also focus on high-priority infilling and expansion targets in these zones to significantly enhance the auriferous zones identified to-date (Figure 1). Historical highlights from the top two priority zones include: The Company has retained Strategy Exploration Advisors ('Stratexplo'), an independent exploration consulting firm based out of Rouyn-Noranda, Québec, as the field operations manager for its planned 20,000 metre multi-phase drill program. Stratexplo crews will be responsible for conducting surface exploration at N2, including field logistics, sample collection and dispatch, geological mapping and interpretation, exploration targeting and advising as per National Instrument 43-101 collection and reporting guidelines. These responsibilities are in addition to Stratexplo's on-going work as the Company's permitting manager, where they recently facilitated Formation's submission for its Application for Autorisation de Travaux d'exploration à Impacts (ATI) to the Ministère des Ressources naturelles et des Forets (MERN), and were responsible for the submission of its Planification Annuelle Des Travaux d'Exploration. The ATI submission was completed following discussions with all necessary parties and the Company anticipates receiving its ATI permit within the coming weeks, after which it intends on commencing its maiden drill program at N2. Comprising 87 claims totaling ~4,400 ha within the Abitibi sub province of Northwestern Quebec, Formation's flagship N2 Gold Project is an advanced gold project with a global historic resource of 877,000 ounces: 18.2 Mt grading 1.48 g/t Au (~810,000 oz Au) across four zones (A, East, RJ-East, and Central)2,3 and 243 Kt grading 7.82 g/t Au (~67,000 oz Au) across the RJ zone2,4. There are six primary auriferous mineralized zones in total, each open for expansion along strike and at depth. Compilation and geophysical work by Balmoral Resources Ltd. (now Wallbridge Mining) from 2010 to 2018 generated numerous targets that have not yet been investigated with diamond drilling. There are two primary focuses for Formation: The Company also believes that N2 has significant base metal potential, where it recently completed a revaluation process which revealed significant copper and zinc intercepts within historic drillholes known to have significant gold grades (>1 g/t Au). Assay results range from 200 to 4,750 ppm and 203 ppm to 6,700 ppm, for copper and zinc, respectively, indicating strong potential for elevated base metal (Cu-Zn) concentrations across the property, specifically at the A and RJ zones. Property wide geology at N2 features volcanic and sedimentary rocks formed in regional anticlinal and synclinal flexures. Three principal deformation structures (Figure 1), oriented along the known NW-SE to WNW-ESE structural trends typical of VMS deposits in the Matagami region, function as critical geologic controls for mineralization on the property. For the 2025 exploration season, Formation plans to concentrate its efforts on the northern part of N2, targeting gold deposit expansion and discovery along identified zones and fault systems associated with the main deformation features (specifically WNW-ESE trend), with IP surveys and drilling planned to model mineralized zones that will hopefully contribute to an updated NI-43 101 compliant resource. Formation will also look to further review historic base metal assays from older drill core and undertake additional work in 2025 to assess the property's copper and zinc potential. The Company is also pleased to announce a non-brokered listed issuer financing exemption (LIFE) private placement (the 'LIFEOffering') for up to 2,200,000 charitable flow-through units ('CFT Units') of the Company at $0.50 per CFT Unit, pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions ('NI 45-106"), for gross proceeds of up to $1,100,000. Each CFT Unit will be comprised of one common share in the capital of the Company (a 'LIFECFT Share') and one common share purchase warrant (a 'LIFEWarrant'). Each LIFE Warrant will be exercisable to acquire one additional common share of the Company at an exercise price of $0.60 for a period of 24 months from the date of closing. Each LIFE CFT Share will qualify as a 'flow-through share' within the meaning of subsection 66(15) of the Income Tax Act (Canada). The LIFE CFT Units will be sold on a structured basis whereby the Company will issue the LIFE CFT Shares and LIFE Warrants comprising the LIFE CFT Units to purchasers purchasing as principals and/or to an agent for one or more disclosed principals; the LIFE CFT Shares and LIFE Warrants comprising the LIFE CFT Units will then immediately be sold to one or more back-end buyers. The LIFE CFT Units issued pursuant to the LIFE Offering will not be subject to a hold period in accordance with applicable Canadian securities laws. There is an offering document (the 'Offering Document') relating to the LIFE Offering that can be accessed under the Company's profile at and on the Company's website ( ). Prospective investors in the LIFE Offering should read the Offering Document before making an investment decision. Concurrent with the LIFE Offering, the Company is completing a non-brokered private placement (the 'CFT 4MH Unit Offering' and, together with the LIFE Offering, the 'Offerings') of up to 2,298,850 units (each a 'CFT 4MH Unit') of the Company at $0.435 per CFT 4MH Unit, for gross proceeds of up to $1,000,000. Each CFT 4MHUnit will be comprised of one common share in the capital of the Company (a 'CFT 4MH Share') and one common share purchase warrant (a 'CFT 4MH Warrant'). Each CFT 4MH Warrant will be exercisable to acquire one additional common share of the Company at an exercise price of $0.60 for a period of 24 months from the date of closing. Each CFT 4MH Share will qualify as a 'flow-through share' within the meaning of subsection 66(15) of the Income Tax Act (Canada). The CFT 4MH Units will be sold on a structured basis whereby the Company will issue the CFT 4MH Shares and CFT 4MH Warrants comprising the CFT 4MH Units to purchasers purchasing as principals and/or to an agent for one or more disclosed principals; the CFT 4MH Shares and CFT 4MH Warrants comprising the CFT 4MH Units will then immediately be sold to one or more back-end buyers. All securities issued in connection with the CFT 4MH Unit Offering will be subject to a statutory hold period of four months and one day following the date of issuance in accordance with applicable Canadian securities laws. Closing of the Offerings may take place in one or more tranches as determined by the Company and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including approval of the Canadian Securities Exchange. The Company may pay certain eligible finders a cash fee of up to 7% of the gross proceeds raised in respect of the Offerings from subscribers introduced by such finders to the Company. The Company may also issue to eligible finders such number of finder warrants (each, a 'Finder Warrant') as is equal to 7% of the number of LIFE Units or CFT 4MH Units sold under the Offerings to subscribers introduced by such finders to the Company. The Finder Warrants, to the extent they are issued, will entitle the holders thereof to acquire one (1) common share of the Company at a price of $0.60 per Share for a period of 24 months from the date of issuance. The Company intends to use the net proceeds of the Offerings for fieldwork at the Company's exploration projects and, in the case of the net proceeds from the LIFE Offering, as more particularly set out in the Offering Document. Qualified person The technical content of this news release has been reviewed and approved by Mr. Babak Vakili Azar, an independent contractor and a qualified person as defined by National Instrument 43-101. Historical reports provided by the optionor were reviewed by the qualified person. The information provided has not been verified and is being treated as historic. About Formation Metals Inc. Formation Metals Inc. is a North American mineral acquisition and exploration company focused on the development of quality properties that are drill-ready with high-upside and expansion potential. Formation's flagship asset is the N2 Gold Project, an advanced gold project with a global historic resource of ~870,000 ounces (18 Mt grading 1.4 g/t Au (~809,000 oz Au) across four zones (A, East, RJ-East, and Central)2,3 and 243 Kt grading 7.82 g/t Au (~61,000 oz Au) across the RJ zone2,4) and six mineralized zones, each open for expansion along strike and at depth including the 'A' zone, of which only ~35% of strike has been drilled (>3.1 km open), and the 'RJ' zone, host to historical high-grade intercepts as high as 51 g/t Au over 0.8 metres. FORMATION METALS INC. Deepak Varshney, CEO and Director For more information, please call 778-899-1780, email [email protected] or visit Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. Notes and References: Forward-looking statements: This news release includes 'forward-looking statements' under applicable Canadian securities legislation, including statements respecting: the Company's plans for the Property and the expected timing and scope of the 2025 drilling program at the Property; the Company's goal of delivering a near-surface multi-million-ounce deposit the Property; the Company's anticipated timeline with respect to the Application for Autorisation de Travaux d'exploration à Impacts (ATI) to the Ministère des Ressources naturelles et des Forets (MERN); the Company's view that the Property has the potential for over three million ounces of gold; the 7,500-metre drilling program marking the beginning of the Company's pursuit of that goal; and statements respecting the Offerings and the expected use of proceeds therefrom. Such forward-looking information reflects management's current beliefs and is based on a number of estimates and/or assumptions made by and information currently available to the Company that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Readers are cautioned that such forward-looking statements are neither promises nor guarantees and are subject to known and unknown risks and uncertainties including, but not limited to, general business, economic, competitive, political and social uncertainties, uncertain and volatile equity and capital markets, lack of available capital, actual results of exploration activities, environmental risks, future prices of base and other metals, operating risks, accidents, labour issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. The Company is presently an exploration stage company. Exploration is highly speculative in nature, involves many risks, requires substantial expenditures, and may not result in the discovery of mineral deposits that can be mined profitably. Furthermore, the Company currently has no reserves on any of its properties. As a result, there can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. No Offer or Solicitation to Purchase Securities in the United States This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the 'Securities Act'), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons, as such term is defined in Regulation S under the Securities Act ('Regulation S'), except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act. Not for distribution to United States newswire services or for dissemination in the United States. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the 'U.S. Securities Act') or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. This news release shall not constitute an offer to sell or the solicitation of an offer to buy in the United States or to, or for the account or benefit of, persons in the United States or U.S. Persons nor shall there by any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. SOURCE: Formation Metals press release
Yahoo
an hour ago
- Yahoo
Formation Metals Expands Maiden Drill Program at the Advanced N2 Gold Project to Fully Funded 7,500 Metres
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Highlights: Formation has planned a 20,000 metre multi-phase drill program at its flagship N2 Gold Project in Quebec, host to a global historic resource of ~870,000 ounces comprised of 18 Mt grading 1.4 g/t Au (~809,000 oz Au) across four zones (A, East, RJ-East, and Central)2,3 and 243 Kt grading 7.82 g/t Au (~61,000 oz Au) across the RJ zone2,4. Phase 1 has been expanded to a fully funded 7,500 metre program targeting expansion targets in the 'A' zone, a shallow, highly continuous, low-variability historic gold deposit with ~522,900 ounces of which only ~35% of strike has been drilled (>3.1 km open), and the 'RJ' zone, host to high-grade intercepts from historical drill holes as high as 51 g/t Au over 0.8 metres2, which was expanded by Agnico Eagle Mines in 2008 in the most recent drilling at the Property. Formation anticipates commencing its drill program in July. The Company filed its 30-day notice with the responsible municipal authorities for its upcoming 2025 exploration activities on June 17, 2025. Formation will also focus on N2's significant base metal potential, where it recently completed a revaluation process which revealed significant copper and zinc intercepts within historic drillholes with significant gold grades (>1 g/t Au). The Company has working capital of ~C$2.6M, putting it in a very strong financial position to execute its exploration programs. VANCOUVER, BC / / July 6, 2025 / Formation Metals Inc. ("Formation" or the "Company") (CSE:FOMO)(FSE:VF1)(OTCPK:FOMTF), a North American mineral acquisition and exploration company, is pleased to announce that it has elected to expand its maiden drill program at its N2 Gold Property ("N2" or the "Property"), located 25 km south of Matagami, Quebec, to a fully funded 7,500 metres. The Company anticipates commencing on the program in July, having officially filed its Annual Exploration Work Notice ("Planification Annuelle Des Travaux d'Exploration") with the responsible municipal authorities for its upcoming 2025 exploration activities on June 17, 2025. This filing must be completed 30-days in advance of the commencement of fieldwork and ensures compliance with regulatory requirements and reflects the Company's continued commitment to transparency, community engagement, and responsible mineral exploration practices. The work program will focus on advancing key targets across Formation's Quebec-based properties. The 7,500 metres comprising Phase 1 is part of its planned 20,000 metre multi-phase drill program at N2, an advanced gold project with a global historic resource of ~870,000 ounces comprised of 18 Mt grading 1.4 g/t Au (~809,000 oz Au) across four zones (A, East, RJ-East, and Central)2,3 and 243 Kt grading 7.82 g/t Au (~61,000 oz Au) across the RJ zone2,4. "We are very excited to commence our maiden drill program at N2" said Deepak Varshney, Chief Executive Officer of Formation. "Filing the Annual Exploration Work Notice marked the final regulatory step as we prepare to commence field activities upon receipt of the ATI. Based on our on-going review and planning for Phase 1, we feel comfortable in expanding our maiden drill program to a fully funded 7,500 metres. We anticipate receiving the ATI permit shortly, allowing us to proceed with our exploration activities as scheduled." Mr. Varshney continued: "The summer is going to be a very exciting time as we embark on our fully funded maiden 7,500 metre drill program at N2. Given the scale of the property, the compelling geological data, and the Abitibi Greenstone Belt's established history as a hotbed for gold mining, we are hopeful that the program will deliver our goal of delivering a near-surface multi-million-ounce deposit at N2. We see the potential for a significant gold deposit at N2, and our maiden 7,500-metre drilling program will mark the beginning of Formation's pursuit of that goal. Our maiden program will focus on building on the successes of our predecessors. The drilling discoveries made by Agnico-Eagle and Cypress show the potential at N2. With gold at almost $3,400, over 4 times the price in 2008 when Agnico last drilled the project, we believe that the timing is perfect for N2 and look forward to a very busy upcoming quarter." The drill program is designed to focus on discovery drilling at new high-potential targets along the mineralization strikes at the "A", "RJ" and "Central" zones in the northern part of the Property in order to discover new auriferous trends and unlock new zones of gold mineralization. The program will also focus on high-priority infilling and expansion targets in these zones to significantly enhance the auriferous zones identified to-date (Figure 1). Historical highlights from the top two priority zones include: A Zone: With a historical resource of ~522,900 gold ounces (10.7 Mt @ 1.52 g/t Au), the "A" Zone is a shallow, highly continuous, low-variability historic gold deposit with ~15,000 metres of drilling across 55 drillholes, 84% of which intercepted gold mineralization. The best historical intercept includes up to 1.7 g/t over 35 metres. ~1.65 km of strike has been drilled, with 3.1+ km of strike to be tested as part of the 20,000 metre program. RJ Zone: With a historical resource of ~61,100 gold ounces (243 Kt @ 7.82 g/t Au), the "RJ" Zone is a high-grade target that was expanded upon in the last drill program in 2008 by Agnico-Eagle when gold was approximately ~$800/oz. Historically, 20,875 metres has been drilled over 82 drillholes, with best intercepts of 48 g/t over 0.5 metres and 16.5 g/t over 3.6 metres. ~900 metres of strike has been drilled, with 4.75+ km of strike to be tested as part of the 20,000 metre program. The Company has retained Strategy Exploration Advisors ("Stratexplo"), an independent exploration consulting firm based out of Rouyn-Noranda, Québec, as the field operations manager for its planned 20,000 metre multi-phase drill program. Stratexplo crews will be responsible for conducting surface exploration at N2, including field logistics, sample collection and dispatch, geological mapping and interpretation, exploration targeting and advising as per National Instrument 43-101 collection and reporting guidelines. These responsibilities are in addition to Stratexplo's on-going work as the Company's permitting manager, where they recently facilitated Formation's submission for its Application for Autorisation de Travaux d'exploration à Impacts (ATI) to the Ministère des Ressources naturelles et des Forets (MERN), and were responsible for the submission of its Planification Annuelle Des Travaux d'Exploration. The ATI submission was completed following discussions with all necessary parties and the Company anticipates receiving its ATI permit within the coming weeks, after which it intends on commencing its maiden drill program at N2. Comprising 87 claims totaling ~4,400 ha within the Abitibi sub province of Northwestern Quebec, Formation's flagship N2 Gold Project is an advanced gold project with a global historic resource of 877,000 ounces: 18.2 Mt grading 1.48 g/t Au (~810,000 oz Au) across four zones (A, East, RJ-East, and Central)2,3 and 243 Kt grading 7.82 g/t Au (~67,000 oz Au) across the RJ zone2,4. There are six primary auriferous mineralized zones in total, each open for expansion along strike and at depth. Compilation and geophysical work by Balmoral Resources Ltd. (now Wallbridge Mining) from 2010 to 2018 generated numerous targets that have not yet been investigated with diamond drilling. There are two primary focuses for Formation: the "A" zone, a shallow, highly continuous, low-variability historic gold deposit with numerous intermittent and consecutive auriferous intervals (84% of historical drill holes intercepted Au up to 1.7 g/t over 35 m)2, of which only ~35% of strike has been drilled (>3.1 km open); and the "RJ" zone, host to high-grade intercepts from historical drill holes as high as 51 g/t Au over 0.8 metres2, which was expanded by Agnico Eagle Mines in 2008 in the most recent drilling at the Property. The Company also believes that N2 has significant base metal potential, where it recently completed a revaluation process which revealed significant copper and zinc intercepts within historic drillholes known to have significant gold grades (>1 g/t Au). Assay results range from 200 to 4,750 ppm and 203 ppm to 6,700 ppm, for copper and zinc, respectively, indicating strong potential for elevated base metal (Cu-Zn) concentrations across the property, specifically at the A and RJ zones. Property wide geology at N2 features volcanic and sedimentary rocks formed in regional anticlinal and synclinal flexures. Three principal deformation structures (Figure 1), oriented along the known NW-SE to WNW-ESE structural trends typical of VMS deposits in the Matagami region, function as critical geologic controls for mineralization on the property. For the 2025 exploration season, Formation plans to concentrate its efforts on the northern part of N2, targeting gold deposit expansion and discovery along identified zones and fault systems associated with the main deformation features (specifically WNW-ESE trend), with IP surveys and drilling planned to model mineralized zones that will hopefully contribute to an updated NI-43 101 compliant resource. Formation will also look to further review historic base metal assays from older drill core and undertake additional work in 2025 to assess the property's copper and zinc potential. The Company is also pleased to announce a non-brokered listed issuer financing exemption (LIFE) private placement (the "LIFEOffering") for up to 2,200,000 charitable flow-through units ("CFT Units") of the Company at $0.50 per CFT Unit, pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), for gross proceeds of up to $1,100,000. Each CFT Unit will be comprised of one common share in the capital of the Company (a "LIFECFT Share") and one common share purchase warrant (a "LIFEWarrant"). Each LIFE Warrant will be exercisable to acquire one additional common share of the Company at an exercise price of $0.60 for a period of 24 months from the date of closing. Each LIFE CFT Share will qualify as a "flow-through share" within the meaning of subsection 66(15) of the Income Tax Act (Canada). The LIFE CFT Units will be sold on a structured basis whereby the Company will issue the LIFE CFT Shares and LIFE Warrants comprising the LIFE CFT Units to purchasers purchasing as principals and/or to an agent for one or more disclosed principals; the LIFE CFT Shares and LIFE Warrants comprising the LIFE CFT Units will then immediately be sold to one or more back-end buyers. The LIFE CFT Units issued pursuant to the LIFE Offering will not be subject to a hold period in accordance with applicable Canadian securities laws. There is an offering document (the "Offering Document") relating to the LIFE Offering that can be accessed under the Company's profile at and on the Company's website ( Prospective investors in the LIFE Offering should read the Offering Document before making an investment decision. Concurrent with the LIFE Offering, the Company is completing a non-brokered private placement (the "CFT 4MH Unit Offering" and, together with the LIFE Offering, the "Offerings") of up to 2,298,850 units (each a "CFT 4MH Unit") of the Company at $0.435 per CFT 4MH Unit, for gross proceeds of up to $1,000,000. Each CFT 4MHUnit will be comprised of one common share in the capital of the Company (a "CFT 4MH Share") and one common share purchase warrant (a "CFT 4MH Warrant"). Each CFT 4MH Warrant will be exercisable to acquire one additional common share of the Company at an exercise price of $0.60 for a period of 24 months from the date of closing. Each CFT 4MH Share will qualify as a "flow-through share" within the meaning of subsection 66(15) of the Income Tax Act (Canada). The CFT 4MH Units will be sold on a structured basis whereby the Company will issue the CFT 4MH Shares and CFT 4MH Warrants comprising the CFT 4MH Units to purchasers purchasing as principals and/or to an agent for one or more disclosed principals; the CFT 4MH Shares and CFT 4MH Warrants comprising the CFT 4MH Units will then immediately be sold to one or more back-end buyers. All securities issued in connection with the CFT 4MH Unit Offering will be subject to a statutory hold period of four months and one day following the date of issuance in accordance with applicable Canadian securities laws. Closing of the Offerings may take place in one or more tranches as determined by the Company and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including approval of the Canadian Securities Exchange. The Company may pay certain eligible finders a cash fee of up to 7% of the gross proceeds raised in respect of the Offerings from subscribers introduced by such finders to the Company. The Company may also issue to eligible finders such number of finder warrants (each, a "Finder Warrant") as is equal to 7% of the number of LIFE Units or CFT 4MH Units sold under the Offerings to subscribers introduced by such finders to the Company. The Finder Warrants, to the extent they are issued, will entitle the holders thereof to acquire one (1) common share of the Company at a price of $0.60 per Share for a period of 24 months from the date of issuance. The Company intends to use the net proceeds of the Offerings for fieldwork at the Company's exploration projects and, in the case of the net proceeds from the LIFE Offering, as more particularly set out in the Offering Document. Qualified person The technical content of this news release has been reviewed and approved by Mr. Babak Vakili Azar, an independent contractor and a qualified person as defined by National Instrument 43-101. Historical reports provided by the optionor were reviewed by the qualified person. The information provided has not been verified and is being treated as historic. About Formation Metals Inc. Formation Metals Inc. is a North American mineral acquisition and exploration company focused on the development of quality properties that are drill-ready with high-upside and expansion potential. Formation's flagship asset is the N2 Gold Project, an advanced gold project with a global historic resource of ~870,000 ounces (18 Mt grading 1.4 g/t Au (~809,000 oz Au) across four zones (A, East, RJ-East, and Central)2,3 and 243 Kt grading 7.82 g/t Au (~61,000 oz Au) across the RJ zone2,4) and six mineralized zones, each open for expansion along strike and at depth including the "A" zone, of which only ~35% of strike has been drilled (>3.1 km open), and the "RJ" zone, host to historical high-grade intercepts as high as 51 g/t Au over 0.8 metres. FORMATION METALS INC. Deepak Varshney, CEO and Director For more information, please call 778-899-1780, email info@ or visit Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. Notes and References: Readers are cautioned that the geology of nearby properties is not necessarily indicative of the geology of the Property. The above referenced resource estimates do not have a category, are considered historical in nature, and are based on prior data prepared by a previous property owner, and do not conform to current CIM categories. While the Company considers the estimates to be reliable, a qualified person has not done sufficient work to classify the historical estimates as current resources in accordance with current CIM categories and the Company is not treating the historical estimates as a current resource. A 0.5 g/t Au cut-off was used in the preparation of the historical estimates with a minimum 2.5 metre mining width. Significant data compilation, re-drilling, re-sampling and data verification may be required by a qualified person before the historical estimates can be classified as current resources. There can be no assurance that any of the historical mineral resources, in whole or in part, will ever become economically viable. In addition, mineral resources are not mineral reserves and do not have demonstrated economic viability. The Company is not aware of any more recent estimates prepared for the N2 Property. Needham, B. (1994), 1993 Diamond Drill Report, Northway Joint Venture, Northway Property; Cypress Canada Inc.; 492 pages. Guy K. (1991), Exploration Summary May 1, 1990 to May 1, 1991 Vezza Joint Venture Northway Property; Total Energold; 227 pages. Forward-looking statements: This news release includes "forward-looking statements" under applicable Canadian securities legislation, including statements respecting: the Company's plans for the Property and the expected timing and scope of the 2025 drilling program at the Property; the Company's goal of delivering a near-surface multi-million-ounce deposit the Property; the Company's anticipated timeline with respect to the Application for Autorisation de Travaux d'exploration à Impacts (ATI) to the Ministère des Ressources naturelles et des Forets (MERN); the Company's view that the Property has the potential for over three million ounces of gold; the 7,500-metre drilling program marking the beginning of the Company's pursuit of that goal; and statements respecting the Offerings and the expected use of proceeds therefrom. Such forward-looking information reflects management's current beliefs and is based on a number of estimates and/or assumptions made by and information currently available to the Company that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Readers are cautioned that such forward-looking statements are neither promises nor guarantees and are subject to known and unknown risks and uncertainties including, but not limited to, general business, economic, competitive, political and social uncertainties, uncertain and volatile equity and capital markets, lack of available capital, actual results of exploration activities, environmental risks, future prices of base and other metals, operating risks, accidents, labour issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. The Company is presently an exploration stage company. Exploration is highly speculative in nature, involves many risks, requires substantial expenditures, and may not result in the discovery of mineral deposits that can be mined profitably. Furthermore, the Company currently has no reserves on any of its properties. As a result, there can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. No Offer or Solicitation to Purchase Securities in the United States This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons, as such term is defined in Regulation S under the Securities Act ("Regulation S"), except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act. Not for distribution to United States newswire services or for dissemination in the United States. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. This news release shall not constitute an offer to sell or the solicitation of an offer to buy in the United States or to, or for the account or benefit of, persons in the United States or U.S. Persons nor shall there by any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. SOURCE: Formation Metals View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Limited Bounce for the Dollar After a Stronger NFP
The dollar made gains in most of its pairs on 3 July while gold retreated somewhat after the American job report beat expectations in both major parts although average earnings grew less quickly. Follow up has been limited so far with the USA on holiday on Friday 4 July. This article summarises the latest NFP and its context then looks briefly at the charts of XAUUSD and EURUSD. Total nonfarm for May came in at 147,000 on 3 July, significantly above the consensus of around 110,000 and in line with the average over the last 12 months of about 146,000: Earlier this year, it had seemed that the job market in the USA might start to slow down amid DOGE's cuts of federal funding and government jobs and later escalating trade wars. However, the rate of unemployment has now remained stable between 4% and 4.2% for more than a year and it seems that any possible downturn probably won't be clearly visible immediately. The figure for total nonfarm has beaten the consensus at least slightly for many consecutive months and for most of 2025 so far the previous month's figure has been revised upward. A generally stronger job market than had been expected around the end of last year means that there's less pressure on the Fed to cut rates and that the overall economy is likely to be more resilient. The next major regular data from the USA will be inflation on 15 July. For now, there's no significant intrigue around the Fed's next meeting on 30 July: there's a probability of around 95% that the Fed will hold again then at the current 4.25-4.5% according to CME FedWatch. Gold bounced quite strongly on 30 June from around $3,250 the week before that as traders monitored the debate around the American tax and spending bill and its likely effects on the deficit. However, 3 July's stronger than expected NFP seems to have capped gains for the time being. Further implementations of tariffs has continued to be chaotic. While there's no definitive evidence yet that the main uptrend has ended, it certainly seems to have paused for now and been replaced by a short to medium-term sideways trend. 15 May brought a lower low intraday but $3,250 seems to be established as a fairly strong support since then, tested unsuccessfully twice at the end of May and June. Resistance is less clear: $3,450 seems to be a likely area of reaction but this is approximate. ATR has declined fairly consistently since peaks in April and May but might now be bottoming out while volume is also relatively low now compared to the average early last quarter. The value area between the 20 and 50 SMAs is the main technical reference for now; whether the short-term direction is up or down seems to depend mainly on news, especially American politics. Euro-dollar's uptrend which has lasted fairly consistently since the start of 2025 continued in June with the price reaching a fresh four-year high above $1.18 on 1 July. Less confidence in the USA as the government continues to flip-flop and contradict on tariffs has driven capital out of the dollar. Monetary policy in the eurozone might stabilise with majority expectations pointing to only one more cut by the ECB this year while CME FedWatch suggests an 80% probability of at least two cuts by the Fed before the end of 2025. Low volume and clear overbought conditions might point to a pause in the uptrend soon, but selling demand also seems to be limited as seen from the relatively long tails of recent candlesticks. The 23.6% monthly Fibonacci retracement is slightly above the top of this chart around $1.1885. The 38.2% Fibo around $1.166 is a possible area of support. This article was originally posted on FX Empire Earnings and Inflows Push Heico Shares Up 34% Big Money Lifts Disney 1,427% Since First Outlier Buy Identify Superstar Stocks Like DoorDash Before the Crowd Spot Outliers Like Hyperscaler Microsoft Early Spot Outliers Like AI Star Broadcom Before They Pop Meta Shares: What's Next After Record Performance? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
