Formation Metals: a new German listing that carried 40 % of trading
| Month | German share of trading | Shares traded in Germany |
|---|---|---|
| Oct 24 | 0.0 % | 0 |
| Nov 24 | 0.0 % | 0 |
| Dec 24 | 0.0 % | 0 |
| Jan 25 | 0.5 % | 14,430 |
| Feb 25 | 0.2 % | 8,620 |
| Mar 25 | 11.7 % | 478,138 |
| Apr 25 | 32.3 % | 2,585,635 |
| May 25 | 47.9 % | 5,321,228 |
| Jun 25 | 59.4 % | 6,330,109 |
| Jul 25 | 59.2 % | 6,355,391 |
| Aug 25 | 62.1 % | 5,058,149 |
| Sep 25 | 50.0 % | 7,952,926 |
| Oct 25 | 54.2 % | 10,833,865 |
| Nov 25 | 44.8 % | 5,458,417 |
| Dec 25 | 32.3 % | 3,525,181 |
| Jan 26 | 43.7 % | 10,929,550 |
| Feb 26 | 29.9 % | 6,566,244 |
| Mar 26 | 39.1 % | 3,720,820 |
| Apr 26 | 11.4 % | 2,277,340 |
| May 26 | 24.9 % | 1,668,632 |
| Jun 26 | 25.0 % | 4,466,737 |
| Jul 26 | 11.0 % | 921,495 |
| Aug 26 | 14.5 % | 1,175,849 |
| Sep 26 | 12.8 % | 1,310,001 |
Situation
Formation Metals is a CSE-listed gold explorer whose flagship N2 project lies in Québec’s Abitibi greenstone belt. Until January 2025, the stock was not traded in Germany at all.
What we did
We brought Formation Metals to German exchanges in January 2025 and started coverage the same month: a company profile, 22 articles in the first six months and, from April 2025, video features with CEO Deepak Varshney. Since then we have followed the N2 drill programme, from visible gold in November 2025 to the first drill results in February 2026, and hosted live webinars with the company in 2026.
Result
From zero to 18.1 million shares traded in Germany in six months: 39.5 % of all trading in the stock. At the peak, from June to August 2025, around 60 % of monthly trading took place in Germany.
As volume on the CSE grew, the German share settled at 16.5 % over the last six months. A second market that did not exist before.
Formation Metals is a client of GOLDINVEST. Coverage is paid and labelled “Paid partnership”. More on our conflict of interest.
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