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 main focus is its flagship project, the 100% owned Idaho Cobalt Project (the ICP), which is consists of the ICP mine site (ICP Mine Site) located in Lemhi County, Idaho, near the town of Salmon, and the Big Creek Hydrometallurgical Refining Complex (Complex) located in Shoshone County, near the town of Kellogg, Idaho. Other minerals being explored for by the Company�s various subsidiaries include silver, gold, copper, lead, zinc, uranium, platinum, palladium and rare earth elements. The Company also owns a hydrometallurgical facility in Northern Idaho. The facility also contains a precious metals refinery. The Company has a 100% interest claims located in Lemhi County, Idaho.