Forum Energy - FDCFF STOCK NEWS

Forum Energy Metals (FDCFF) announced significant drill results from its Thelon Basin project, marking the first evidence of major unconformity-style uranium mineralization at the sandstone/basement contact. Key findings include elevated uranium values up to 72.8 ppm in sandstone and 323 ppm in basement at shallow open-pit depths of 30-165 meters.

The drilling program focused on three grids: Ayra, Loki, and Ned. The Ayra and Loki grids showed promising results with strong clay alteration and elevated uranium values. At Ayra, drill hole AYA24-011B revealed significant uranium concentrations, while the Loki grid's LOK24-003 showed the most intense clay alteration ever observed in the Thelon Formation sandstone.

The project is located adjacent to Orano's Kiggavik uranium deposit, which contains 127 million pounds of indicated mineral resources. These results suggest potential for Tier One uranium deposits similar to those in the Athabasca Basin, with additional diamond drilling planned for 2025.

Forum Energy Metals (FDCFF) and Global Uranium have announced the start of camp construction at the Northwest Athabasca Project in Saskatchewan. The companies plan to conduct Time Domain Electromagnetic (TDEM) and Direct Current Resistivity and Induced Polarization (DCIP) surveys at the Spring Bay target in March 2025.

A 20-person camp will be established on the west side of Maurice Bay, with materials being transported via fixed-wing aircraft and ice road from Uranium City. The Spring Bay target features a 4 km long gravity low anomaly with historical drill holes showing elevated uranium and clay alteration.

The Northwest Athabasca Project spans 13,876 ha across 11 contiguous mineral claims and includes the Maurice Bay Showing, which contains a historical resource estimate of 1.5 million lbs at 0.6% U3O8. Global Uranium has an option to earn 51% interest in Forum's stake by spending up to $9M over four years, with Forum serving as the project operator.

Forum Energy Metals and Global Uranium have initiated exploration at the Northwest Athabasca Project in Saskatchewan's Athabasca Basin. The project, located along Lake Athabasca's northwest shore, will commence diamond drilling by March, targeting 2,000 to 3,000 meters at various sites including Andy, Zone 2A, and Opie.

Global Uranium has entered an option agreement with Forum to acquire up to 75% interest by investing $20 million in exploration. The project involves a joint venture with Forum, Cameco , and Orano Canada Inc. The project area spans 11 contiguous mineral claims covering 13,876 ha, with historical exploration dating back to the 1970s. A historical resource estimate at Maurice Bay Showing documented 1.5 million lbs at 0.6% U3O8, though this estimate isn't compliant with current NI 43-101 standards.

Forum Energy Metals and Global Uranium have completed data compilation and reprocessing of historical EM geophysical surveys for their upcoming drill program at the Northwest Athabasca (NWA) Project in Saskatchewan. Global has an option to earn 51% interest in Forum's stake by spending $9M over four years.

The project, located on Lake Athabasca's northwest shore, includes the Maurice Bay uranium showing with a historical resource estimate of 1.5 million lbs at 0.6% U3O8. The main 2025 drilling targets include Andy, Zone 2A, Opie, Gomer, and Spring Bay areas. The project consists of 11 continuous mineral claims covering 13,876 ha.

Historical exploration data from the 1970s is being integrated with Forum's past exploration from 2010 to 2014. Convolutions Geoscience is reprocessing historical ground HLEM and airborne VTEM data to enhance conductor targeting for the planned winter 2025 drill program.

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.