Cover the basics. You're running stock ROM and rooted? You are actually using a powered Y OTG cable? My USB drive I had to connect Y to power then connect drive then connect to N4 for it to work. Try difference sequences.
When you say you formatted it FAT32, are you SURE? Its not NTFS or exFAT?
Stickmount points to files you put in /sdcard for ntfs-3gg and exFAT.
Also the filesystem must be mountable meaning not containing filesystem errors, and on another device (e.g. windows) do a chkdsk. I run Linux and for ntfs I used ntfsfix to fix my NTFS USB storage before Stickmount would mount it.