Forum Energy Metals Closes Sale of Royalty on Aberdeen Uranium Project to Uranium Royalty Corp.

Rhea-AI Summary

Forum Energy Metals Corp. (FDCFF) has successfully completed the sale of a 2% gross overriding royalty on its Aberdeen uranium project in Nunavut to Uranium Royalty Corp. The transaction, previously announced on May 27, 2025, closed for CAD$1,000,000 in cash. The company plans to utilize the proceeds to further develop the Aberdeen Project and for general working capital purposes. This deal represents a strategic move to monetize a portion of the project's future revenue potential while securing immediate funding for development activities.

Positive

• Secured immediate cash injection of CAD$1,000,000 to strengthen working capital
• Maintains majority ownership and operational control while monetizing future revenue stream
• Funds available for advancing the Aberdeen uranium project development

Negative

• Future revenue from Aberdeen Project will be reduced by 2% gross overriding royalty

Vancouver, British Columbia--(Newsfile Corp. - June 5, 2025) - Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum" or the "Company") is pleased to announce that further to its news release dated May 27, 2025, it has closed its previously announced transaction with Uranium Royalty Corp. ("URC"). Pursuant to the terms of a royalty purchase agreement dated May 27, 2025, URC acquired a 2% gross overriding royalty on Forum's Aberdeen Project in Nunavut in exchange for CAD$1,000,000 cash. Forum expects to use the proceeds to advance the Aberdeen Project and for general working capital purposes.

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.

ON BEHALF OF THE BOARD OF DIRECTORS

Rebecca Hunter
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:

Rebecca Hunter, President & CEO
hunter@forumenergymetals.com
Tel: 604-630-1585

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/254560

FAQ

What is the value of Forum Energy Metals' royalty sale to Uranium Royalty Corp?

Forum Energy Metals sold a 2% gross overriding royalty on its Aberdeen Project to Uranium Royalty Corp. for CAD$1,000,000 in cash.

How will Forum Energy Metals (FDCFF) use the proceeds from the royalty sale?

Forum Energy Metals plans to use the proceeds to advance the Aberdeen Project and for general working capital purposes.

What type of royalty did Forum Energy Metals sell on its Aberdeen Project?

Forum Energy Metals sold a 2% gross overriding royalty on its Aberdeen uranium project located in Nunavut.

When did Forum Energy Metals close the royalty sale with Uranium Royalty Corp?

Forum Energy Metals closed the royalty sale transaction with Uranium Royalty Corp on June 5, 2025.

Where is Forum Energy Metals' Aberdeen Project located?

Forum Energy Metals' Aberdeen Project is located in Nunavut, Canada.