Formation Metals Inc. is a mineral exploration, development and refining company. The Company is engaged in the business of exploring minerals in Canada, the United States and Mexico either directly or indirectly through its wholly owned subsidiaries. The Company�s flagship project, the Idaho Cobalt Project (the ICP) consists of the mine and mill site (ICPMine Site) located in Lemhi County, Idaho, near the town of Salmon, and the Cobalt Production Facility (CPF) located at the Big Creek Hydrometallurgical Refining Complex (the Complex) in Shoshone County, near the town of Kellogg, Idaho. The Company�s Sunshine Precious Metals Refinery (the Sunshine Refinery) and copper refinery (SX-EW) are also located at the Complex. The SX-EW is a facility that can be shared by both the Sunshine Refinery and the CPF. Other minerals being explored for by the Company and its subsidiaries include silver, gold, copper, lead, zinc, uranium, platinum group metals and rare earth elements.