Forum Comments on Share Price
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 (FDCFF) affronta il recente calo del prezzo delle azioni, confermando che non ci sono informazioni materiali non divulgate che influenzano il titolo. L'azienda sta raccogliendo 1.250.000 dollari attraverso azioni e unità flow-through, con la partecipazione di investitori strategici e del Pavillion Resource Fund. I fondi sosterranno il capitale di funzionamento generale e il programma di perforazione del 2025 presso il Progetto Uranio Aberdeen.
L'azienda riporta di aver ricevuto 608 risultati geochimici da 11 pozzi nelle zone Tatiggaq, con sette pozzi che mostrano mineralizzazione. I risultati dei pozzi rimanenti sono attesi per i primi di gennaio. Il progetto si trova nel Bacino di Thelon, vicino al deposito Kiggavik di Orano, che contiene 133 milioni di libbre di uranio con una percentuale di 0,54% U3O8.
Forum Energy Metals (FDCFF) aborda la reciente caída en el precio de las acciones, confirmando que no hay información material no divulgada que afecte a las acciones. La empresa está recaudando $1,250,000 a través de acciones y unidades flow-through, con la participación de inversores estratégicos y del Pavillion Resource Fund. La financiación apoyará el capital de trabajo general y el programa de perforación 2025 en el Proyecto de Uranio Aberdeen.
La empresa informa haber recibido 608 resultados geoquímicos de 11 pozos en las zonas Tatiggaq, con siete pozos mostrando mineralización. Se esperan los resultados de los pozos restantes a principios de enero. El proyecto se ubica en la Cuenca de Thelon, cerca del depósito Kiggavik de Orano, que contiene 133 millones de libras de uranio al 0.54% U3O8.
Forum Energy Metals (FDCFF)는 최근 주가 하락에 대응하여, 주식에 영향을 미치는 미공개 주요 정보가 없음을 확인했습니다. 이 회사는 전략적 투자자들과 Pavillion Resource Fund의 참여를 통해 $1,250,000를 주식과 흐름 전환 유닛을 통해 모금하고 있습니다. 이 자금은 일반 운영 자본과 애버딘 우라늄 프로젝트의 2025년 드릴 프로그램을 지원할 것입니다.
회사는 타티가크 지역의 11개 구멍에서 608개의 지화학 결과를 수신했으며, 그 중 7개 구멍에서 광물이 발견되었습니다. 나머지 구멍의 결과는 1월 초에 발표될 예정입니다. 이 프로젝트는 우라노의 키가빅 광산 근처인 테론 분지에 위치해 있으며, 0.54% U3O8의 우라늄이 1억 3천3백만 파운드 포함되어 있습니다.
Forum Energy Metals (FDCFF) aborde le récent déclin du prix des actions, confirmant qu'il n'y a pas d'informations matérielles non divulguées affectant l'action. L'entreprise lève 1.250.000 $ par le biais d'actions et d'unités flow-through, avec la participation d'investisseurs stratégiques et du Pavillion Resource Fund. Le financement soutiendra le fonds de roulement général et le programme de forage de 2025 au Projet Uranium Aberdeen.
L'entreprise rapporte avoir reçu 608 résultats géochimiques de 11 trous dans les zones Tatiggaq, avec sept trous montrant une minéralisation. Les résultats des trous restants sont attendus début janvier. Le projet est situé dans le Bassin de Thelon, près du gisement Kiggavik d'Orano, qui contient 133 millions de livres d'uranium à 0,54 % U3O8.
Forum Energy Metals (FDCFF) geht auf den jüngsten Rückgang des Aktienkurses ein und bestätigt, dass es keine nicht offengelegten wesentlichen Informationen gibt, die die Aktie beeinflussen. Das Unternehmen erhebt 1.250.000 Dollar durch Aktien und Flow-through-Einheiten, wobei strategische Investoren und der Pavillion Resource Fund teilnehmen. Die Mittel werden das allgemeine Betriebskapital und das Bohrprogramm 2025 im Aberdeen Uranium Project unterstützen.
Das Unternehmen berichtet, dass es 608 geochemische Ergebnisse aus 11 Löchern in den Tatiggaq-Zonen erhalten hat, wobei sieben Löcher Mineralisierungen zeigen. Die Ergebnisse der verbleibenden Löcher werden Anfang Januar erwartet. Das Projekt befindet sich im Thelon-Becken, in der Nähe der Kiggavik-Lagerstätte von Orano, die 133 Millionen Pfund Uran mit einem Gehalt von 0,54% U3O8 enthält.
- Secured $1,250,000 in new funding from strategic investors
- 7 out of 11 drill holes showed mineralization at Tatiggaq zones
- Strategic location near Kiggavik deposit containing 133M pounds of uranium
- Experiencing delays in receiving assay results due to laboratory backlog
- Recent decline in share price
Vancouver, British Columbia--(Newsfile Corp. - December 19, 2024) - Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum" or the "Company") announced today that the Company is not aware of any undisclosed material information that might be contributing to the recent decline in the Company's share price.
As announced in its news release dated December 16th, 2024, the Company is raising
As announced in previous news releases, assays from its 2024 summer exploration program at its Aberdeen Project in Nunavut, Canada consisting of thirty diamond drill holes covering a total of 6,962 meters are being processed at the SRC Geoanalytical Laboratories in Saskatoon, Saskatchewan which is experiencing an extreme backlog given the increased drilling activity this past year. To date, Forum has received 608 geochemical results from the 11 holes at the Tatiggaq Main and West zones located 5 kilometers from Orano's Kiggavik deposit. Seven of these 11 holes contained mineralization. (See November 26, 2024 news release for detailed description of drilling highlights).
Assay results from the remaining eight holes along parallel structures in the Tattigaq anomaly are expected in early January. Eleven holes targeting Qavvik, the company's second discovery, and other high impact targets including Ned, Ayra and Loki are also expected in the new year. After receipt and review of all of the assays from the 2024 drill program, the Company will compile this data in combination with all prior data from the more than 135 drill holes completed by Cameco during its tenure on the property.
Rebecca Hunter, Ph.D., P.Geo., Forum's Vice President of Exploration and Qualified Person under National Instrument 43-101, has reviewed and approved the contents of this news release.
Figure 1 The Thelon Basin is a geologic analogue to the Athabasca Basin in Saskatchewan. Orano/Denison/UEC's Kiggavik, End and Andrew Lake uranium deposits host 133 million pounds of uranium grading at
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4908/234440_14940c2014131b6c_003full.jpg
*Source: The Kiggavik deposit is held by Orano (
About Forum Energy Metals
Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) is focused on the discovery of high-grade unconformity-related uranium deposits in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut. For further information: https://www.forumenergymetals.com.
This press release contains forward-looking statements. Forward-Looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Forward-Looking information is subject to known and unknown risks, uncertainties and other factors that may cause Forum's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include but are not limited to: uncertainties related to the historical data, the work expenditure commitments; the ability to raise sufficient capital to fund future exploration or development programs; changes in economic conditions or financial markets; changes commodity prices, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or an inability to obtain permits required in connection with maintaining or advancing its exploration projects.
ON BEHALF OF THE BOARD OF DIRECTORS
Richard J. Mazur, P.Geo.
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information contact:
Rick Mazur, P.Geo., President & CEO
mazur@forumenergymetals.com
Tel: 604-630-1585
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/234440
FAQ
What is the size of Forum Energy's (FDCFF) latest funding round in December 2024?
How many drill holes showed mineralization in Forum Energy's (FDCFF) 2024 Aberdeen Project exploration?
When will Forum Energy (FDCFF) receive the remaining Aberdeen Project assay results?
How many hectares does Forum Energy (FDCFF) own in the Thelon Basin?
What is the total number of drill holes completed in Forum Energy's (FDCFF) Aberdeen Project?
