FORMATION MINERALS, INC. 10-K Cybersecurity GRC - 2024-08-13

Page last updated on August 13, 2024

FORMATION MINERALS, INC. reported their cybersecurity risk management and governance process in a yearly 10-K filed on 2024-08-13 16:11:05 EDT.

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10-K filed on 2024-08-13

FORMATION MINERALS, INC. filed a 10-K at 2024-08-13 16:11:05 EDT
Accession Number: 0001213900-24-068254

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Item 1C. Cybersecurity.

Item 1C. Cybersecurity. Given the size of our company and the nature of our operations, we do not believe that we face significant cybersecurity risk. We have not adopted any cybersecurity risk management program or formal processes for assessing cybersecurity risk. We utilize standard commercial software for business operations, which includes basic security features such as password protection and data encryption. Our management is generally responsible for assessing and managing any cybersecurity threats. To date, we have not experienced any material cybersecurity incidents, and there has been no known unauthorized access to our systems. Should any reportable cybersecurity incident arise, our management shall promptly report such matters to our Board for further actions, including regarding the appropriate disclosure in accordance with SEC regulations, mitigation, and other response or actions that the Board deems appropriate to take. 19

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