Formation Minerals Inc FOMI
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Last Updated: Aug 19, 12:00 AM·OOTC
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Formation Minerals Inc. Stock Analysis FOMI
United States N/A Nano Cap Formation Minerals, Inc. is a pure play oil and gas company. The company is headquartered in Las Vegas, Nevada and currently employs 3 full-time employees. The company went IPO on 2022-12-01. The firm is an oil and gas investment asset management firm engaged in the acquisition and development of onshore oil and gas properties within the oil and gas play in the United States. The firm focuses on the acquisition of and exploitation of upstream energy assets, specifically targeting oil and gas mineral interests, oil and gas royalty interests, and select non-operated working interests. The firm holds over 50,000 gross acres of royalty interests with over 300 wells producing across the major basins of the United States (US). The firm has mineral and royalty interests in several properties across seven US states, which include Colorado, Louisiana, Ohio, Oklahoma, Texas, West Virginia, and Wyoming. A total of approximately 412 reserves cases have been identified and evaluated. These include producing, non-producing and undeveloped wells or leases.
Formation Minerals Inc (FOMI) Chart
Financial Metrics & Statements of Formation Minerals Inc (FOMI)
FAQ's for Formation Minerals Inc (FOMI)
- As of August 2026, Formation Minerals Inc FOMI is classified as not covered according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Formation Minerals Inc using these criteria to determine its compliance status.
- Muslim investors may consider investing in Formation Minerals Inc if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of Formation Minerals Inc by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Formation Minerals Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
- You can check the latest Shariah compliance status of Formation Minerals Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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