Forum Energy Stock Price, News & Analysis

Forum Energy Metals (OTCQB: FDCFF) has received final court approval for its previously announced acquisition by Baselode Energy Corp. Under the arrangement, Baselode will acquire all Forum shares at an exchange ratio of 0.3535 Baselode shares for each Forum share.

The transaction, which received overwhelming shareholder approval on August 19, 2025, is expected to close around August 28, 2025. Upon completion, Forum will become a wholly-owned subsidiary of Baselode, and Forum shares will be delisted from the TSX Venture Exchange. Trading of Forum shares was temporarily halted on August 26 but has since resumed pending the arrangement's completion.

Forum Energy Metals (OTCQB: FDCFF) announced overwhelming shareholder approval for its acquisition by Baselode Energy Corp. Under the arrangement, Baselode will acquire all outstanding Forum shares at an exchange ratio of 0.3535 Baselode shares for each Forum share.

The vote saw strong support with 97.57% approval from shareholders, representing 35.17% of the total 309,354,574 issued shares. The arrangement received 97.48% approval from minority shareholders. Forum will seek final court approval on August 22, 2025, after which the shares will be delisted from TSXV upon completion.

Forum Energy Metals (OTCQB: FDCFF) has announced the mailing of special meeting materials to shareholders regarding its proposed acquisition by Baselode Energy Corp. The special meeting is scheduled for August 19, 2025, where shareholders will vote on the arrangement agreement dated June 23, 2025.

Under the agreement terms, Baselode will acquire all outstanding Forum shares at an exchange ratio of 0.3535 Baselode shares for each Forum share. The arrangement includes adjustments for outstanding stock options and warrants according to the exchange ratio. The company's Board of Directors has unanimously recommended shareholders vote in favor of the arrangement.

Forum has obtained an interim order from the Supreme Court of British Columbia for the meeting proceedings. Shareholders can vote through various methods including online, telephone, fax, or mail, with different instructions for registered and beneficial shareholders.

Baselode Energy (OTCQB: BSENF) and Forum Energy Metals have commenced drilling operations at their Aberdeen Project. The exploration program includes 18-25 planned drill holes totaling up to 7,000 meters across 10 high-priority target areas.

The initial focus will be on the Loki and Bjorn target areas. The Loki Grid has shown promising indicators with elevated uranium levels (30x background) and strong clay alteration in the Thelon sandstone. The program encompasses both sandstone-covered targets for traditional unconformity exploration and basement-only targets.

Ground magnetic surveys are currently being conducted on 6-10 target areas to refine the main fault zones within the drill areas, with the exploration camp now operational for the season.

Baselode Energy (OTCQB:BSENF) and Forum Energy Metals have commenced drilling operations at their Aberdeen Project. The program includes 18-25 planned drill holes totaling up to 7,000 meters across 10 high-priority target areas. The initial focus will be on the Loki and Bjorn targets.

The Loki Grid has shown promising indicators with elevated uranium levels (30 ppm, 30x background) in the Thelon sandstone and strong clay alteration. The exploration strategy encompasses both sandstone-covered targets for traditional unconformity deposits and basement-only targets. Ground magnetic surveys are currently being conducted on 6-10 target areas to refine the main fault zones within the drill areas.

Forum Energy Metals (OTCQB: FDCFF) and Baselode Energy (TSXV: FIND) have announced the commencement of their joint exploration program at the Aberdeen Project in Nunavut. The program will feature two diamond drills targeting up to 7,000 meters across 18-25 planned drill holes.

The exploration will focus on 10 high-priority target areas, starting with the Loki and Bjorn locations. The program includes both sandstone-covered targets (traditional unconformity targets) and basement-only targets. Previous drilling at Loki in 2024 showed promising results with uranium values 30x background and substantial clay alteration. The campaign aims to demonstrate the project's uranium discovery potential by testing multiple blue-sky targets, with drilling expected to begin in July 2025.

Baselode Energy Corp. (OTCQB: BSENF) and Forum Energy Metals Corp. have announced the commencement of their joint exploration program at the Aberdeen Project in Nunavut. The program includes a 2-drill diamond drill campaign set to begin in July 2025, with plans to complete 18-25 drill holes totaling up to 7,000 meters.

The exploration will focus on 10 high-priority target areas, including both sandstone-covered and basement-only targets. Initial drilling will concentrate on the Loki and Bjorn areas, with Loki showing promising results from 2024 drilling, including uranium values 30x background. The program aims to demonstrate the project's uranium discovery potential through testing multiple blue-sky targets, particularly focusing on strong gravity anomalies along prospective fault trends.

Baselode Energy (TSXV: FIND) and Forum Energy Metals (OTCQB: FDCFF) have announced a merger to form Geiger Energy Corporation through an at-market business combination. Under the agreement, Forum shareholders will receive 0.3535 Baselode shares for each Forum share, with existing Baselode and Forum shareholders owning approximately 55% and 45% of the combined company respectively.

The merger creates one of Canada's largest uranium exploration portfolios, with flagship projects in the Thelon and Athabasca basins. Dr. Rebecca Hunter will serve as CEO of the combined entity, which will have a total of 243,796,664 common shares outstanding. The transaction is expected to close following shareholder approval in August 2025.

Forum Energy Metals (FDCFF) has signed an Exploration Agreement with Ya'thi Néné Land and Resource Office for the Northwest Athabasca Project in Saskatchewan's northern Athabasca Basin. The agreement involves collaboration with Athabasca Denesuliné First Nations of Hatchet Lake, Black Lake, and Fond du Lac, along with several northern settlements. The partnership focuses on responsible mineral exploration while respecting Indigenous rights and environmental protection. Key components include established processes for communication, environmental stewardship, and community engagement. The agreement provides training, employment, and contracting opportunities for Athabasca residents, plus financial support for local community initiatives. This collaboration represents a significant step toward integrating Indigenous values with industry operations in the Athabasca region.