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Forum Energy Metals Corp. (FDCFF) is a company focused on the discovery of high-grade unconformity-related uranium deposits in the Athabasca Basin, Saskatchewan, and the Thelon Basin, Nunavut. Additionally, the company holds a diverse energy metal portfolio of copper, nickel, and cobalt projects in Saskatchewan and Idaho. Recent achievements include entering into an agreement with Investing News Network for an investor awareness campaign and commencing construction of a drill camp on the Aberdeen Uranium Project. The company's exploration programs aim to target cross-cutting faults and gravity lows to identify potential uranium mineralization. Forum Energy Metals Corp. is committed to advancing its projects efficiently and responsibly.
Forum Energy Metals (FDCFF) announced significant drill results from its Qavvik anomaly at the Aberdeen Project, revealing a 296-metre-wide zone of uranium mineralization with grades up to 8.2% U3O8. The program's highlights include multiple high-grade intercepts, with over 20 assays exceeding 1% U3O8.
Key findings from drill hole QAV24-001 include 1.49% U3O8 over 3.30m, with a maximum of 8.17% U3O8 over 0.5m. QAV24-002 showed 0.40% U3O8 over 3.5m, including 1.69% U3O8 over 0.6m. The mineralization remains open to the northeast and southwest, demonstrating potential for open-pit mining.
The Aberdeen Project spans approximately 95,000 hectares in the Thelon Basin, located 100km west of Baker Lake. The Qavvik anomaly represents Forum's second deposit on the project, situated 15km west of the Tatiggaq deposit.
Forum Energy Metals (TSXV: FMC) (OTCQB: FDCFF) has announced its participation in the AMEBC Roundup Conference at the Vancouver Convention Center East. The company's exploration team will showcase drill core from their 2024 Aberdeen Uranium Project drilling program at booth #920 in the Core Shack on January 22-23.
Dr. Rebecca Hunter, Vice President of Exploration, will present in the Critical and Base Metals Session on January 21 at 3:15pm. The company reports successful expansion of two basement-hosted uranium discoveries at Tatiggaq and Qavvik, along with exploration of unconformity contact-type deposits at the Ned, Ayra and Loki targets in the Thelon Basin, Nunavut.
CEO Rick Mazur expressed confidence in the emergence of a generational uranium mining district in Nunavut. The company welcomes technical meetings and partnering inquiries regarding their uranium and energy metals projects in Saskatchewan, Nunavut and Idaho.
Forum Energy Metals has announced final assay results from eight drill holes at the Tatiggaq anomaly on its Aberdeen property in Nunavut. A significant discovery includes a new potential zone 300 metres north of the Main Tatiggaq deposit, with drillhole TAT24-021 intersecting 0.79% U3O8 over 0.1m at 221 metres depth.
The 2024 exploration program consisted of 30 diamond drill holes covering 6,962 meters. Key highlights include: expansion of the Tatiggaq Main zone to 35 metres width, demonstration of lateral continuity at Tatiggaq West, and the identification of the new northern zone. The northern part of the Tatiggaq anomaly shows high anomalous levels of uranium and boron, with the northeast section remaining untested.
The Aberdeen Project, comprising 950 square kilometres in the Thelon Basin, is located adjacent to the 127 million pound Kiggavik Project. Forum's drilling program successfully expanded two basement-hosted discoveries, Tatiggaq and Qavvik, while initiating exploration for unconformity contact-type deposits.
Forum Energy Metals (TSXV: FMC) (OTCQB: FDCFF) has completed the first tranche of its non-brokered private placement, raising $832,000 through the issuance of 8,320,000 flow through units at $0.10 per unit. Each unit includes one flow through common share and half a warrant, with whole warrants exercisable at $0.15 per share until June 20, 2026.
The company paid $48,000 in finder's fees and issued 480,000 finder warrants. Company insiders participated for $32,000. All securities have a four-month hold period until April 21, 2025. The proceeds will fund Canadian Exploration Expenses on Forum's uranium properties and qualifying expenses for the critical mineral tax credit (CMETC).
Forum Energy Metals (FDCFF) addresses recent share price decline, confirming no undisclosed material information affecting the stock. The company is raising $1,250,000 through shares and flow-through units, with strategic investors and Pavillion Resource Fund participating. The funding will support general working capital and the 2025 drill program at the Aberdeen Uranium Project.
The company reports receiving 608 geochemical results from 11 holes at Tatiggaq zones, with seven holes showing mineralization. Results from remaining holes are expected in early January. The project is located in the Thelon Basin, near Orano's Kiggavik deposit which contains 133 million pounds of uranium at 0.54% U3O8.
Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) held its Annual General Meeting on December 11, 2024, where shareholders approved all proposed resolutions with 25.25% of votes cast. The meeting resulted in the re-election of seven directors: Richard Mazur, Anthony Balme, Michael Steeves, Larry Okada, Paul Dennison, Janet Meiklejohn, and Brian Christie.
Davidson & Company was re-appointed as the company's auditor, and the Amended Omnibus Plan received approval. Following the AGM, the Board reconstituted all Committees and reappointed key officers, including Richard Mazur as President and CEO, Dan O'Brien as CFO, Rebecca Hunter as VP of Exploration, Allison Rippin-Armstrong as VP of Nunavut Affairs, and Jacqueline Collins as Corporate Secretary.
Forum Energy Metals announces results from its uranium drilling program at the Aberdeen Project in Nunavut. The company completed 11 holes at the Tatiggaq Main and West zones, with seven holes showing mineralization. Notable intersections include 1.15% U3O8 over 2.4m and 1.31% U3O8 over 7.6m at Tatiggaq Main, with a maximum grade of 8.15% U3O8. The uranium mineralization at the Main zone spans ~35 metres thickness, while the West zone shows continuous mineralization extending 40m westward. The total strike extent has increased from 200m to over 310 metres.
Forum Energy Metals (TSXV: FMC) (OTCQB: FDCFF) announces its participation in two upcoming investor events. The company will attend Red Cloud's Fall Mining Showcase in Toronto on October 16-17, 2024, where President & CEO Richard Mazur and VP of Exploration Dr. Rebecca Hunter will be available for meetings. Dr. Hunter will present on October 17th at 10:20 am.
Additionally, Richard Mazur will present at the Top Shelf Partners Commodities Global Expo in Ft. Lauderdale, Florida, from October 20-22. He will participate in the uranium panel and be available for meetings.
The company anticipates an exciting fall as it prepares to share assays from its 2024 drill program at the Aberdeen Uranium Project in Nunavut, Canada. The program completed 30 drill holes over five targets, promising significant news flow in the coming months.
Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) has completed its 2024 drilling program at the Aberdeen Uranium Project in Nunavut. The program involved 30 diamond drill holes totaling 6,962 metres across 5 targets. Key highlights include:
1. Nineteen holes at Tatiggaq, following up on 2023 results of 2.25% U3O8 over 11.1 metres.
2. Two holes at Qavvik to test a controlling structure.
3. Four holes each at Ayra and Ned targets.
4. One hole at Loki, exhibiting intense clay and sooty sulphide alteration.
The company also completed over 5,000 gravity stations, identifying new drill targets. Assay results are expected in mid to late October. Forum's VP of Exploration, Rebecca Hunter, stated the program was highly successful and will provide data for a preliminary resource estimate at Tatiggaq and Qavvik.
Forum Energy Metals Corp. (TSXV: FMC, OTCQB: FDCFF) announced ongoing drilling success at its 100% owned Aberdeen Uranium Project in Nunavut.
Seventeen holes, totaling 4,307 meters, have been drilled along the Tatiggaq Fault, with 685 samples sent for analysis. Results will be available by the end of September. The drilling validates similarities to the prolific Kiggavik uranium deposits.
Phase Two has commenced, focusing on additional high-priority targets. A 30-person camp has been established, and drilling will continue for another four to six weeks.
An advisory agreement with DS Market Solutions aims to enhance market depth and liquidity, providing services at $5,000 per month.
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