FORUM ENERGY METALS CORP - FDCFF STOCK NEWS

Forum Energy Metals has launched a 10,000-meter diamond drilling program on its 100% owned Aberdeen Uranium Project in Nunavut. This initiative involves drilling approximately 25-30 holes within the Tatiggaq anomaly and 10 more holes in other prospective areas like Ned, Bjorn, and Qavvik targets. The drilling targets are refined using processed and modelled Ambient Noise Tomography (ANT) survey data. The Tatiggaq deposit comprises two zones, Main and West, located at depths of 80-180 meters, and the 2024 drilling aims to extend these zones and evaluate new areas within the Tatiggaq gravity anomaly. This marks the first large-scale uranium exploration in the Thelon Basin since 2012, with high-priority targets identified for their significant deposit potential.

Forum Energy Metals and Traction Uranium have commenced an airborne MobileMT survey at the Grease River Project in Saskatchewan's Athabasca Basin. The survey, covering 1,781 line-km with 100-meter spacing, will provide high-resolution magnetic and VLF data to aid future drilling. This new survey aims to better resolve conductors and fault zones previously masked by shallow layers. Traction Uranium can acquire up to 100% interest in the project through staged payments and exploration funding totaling $11.95 million by 2028. The data will enhance the understanding of subsurface structures, potentially identifying new uranium mineralization zones.

Forum Energy Metals Corp. (TSXV: FMC, OTCQB: FDCFF) has announced a non-brokered private placement of up to 7,407,407 units at $0.135 per unit, aiming for $1,000,000 in gross proceeds. Each unit includes one common share and one-half of a share purchase warrant, with each whole warrant allowing the purchase of one common share at $0.20 for 24 months following the offering. The funds will be used for working capital, pending TSX Venture Exchange approval. Finder's fees may apply, and all securities issued will be subject to a four-month hold period.

Forum Energy Metals Corp. (TSXV: FMC, OTCQB: FDCFF) has entered an option agreement with Global Uranium Corp. The agreement allows Global to acquire up to 75% of Forum's interest in the Northwest Athabasca Joint Venture, a project for uranium exploration and development in Saskatchewan. Global can initially acquire 51% by making staged payments totaling $225,000, issuing 1,000,000 shares, and contributing up to $9 million by 2027. Upon completing this, Global can acquire an additional 24% by contributing up to $11 million between 2029 and 2031. The agreement is subject to TSX Venture Exchange approval. Key targets include the Maurice Bay deposit and Spring Bay area.

Forum Energy Metals has started constructing a drill camp at its Aberdeen Uranium Project in Nunavut, Canada, adjacent to the Kiggavik uranium deposit. The camp will support a 10,000-meter drill program beginning mid-June. Inuit-owned Peter's Expediting transported drills and equipment to the site, while Discovery Mining Services is building the 30-person camp. Follow-up drilling will target the Tatiggaq deposit, where previous drilling showed uranium mineralization over a 1.5 km area. Dr. Rebecca Hunter, VP of Exploration, noted that the geological team is analyzing recent Ambient Noise Tomography results for June's drill targets.

Forum Energy Metals will be presenting at the Metals Investor Forum in Vancouver, BC on May 10-11, 2024. The company's President & CEO, Richard Mazur, and Vice President of Exploration, Dr. Rebecca Hunter, will be in attendance. Dr. Hunter will provide an update on Forum's high-grade uranium discovery in the Thelon Basin, Nunavut. Forum is gearing up for a $10 million summer drill campaign and focusing on the Tatiggaq deposit. Investors can register for the event online. For inquiries about Forum's projects, contact Rick Mazur.

Forum Energy Metals will be presenting at the Energy Transition Metals Summit in Washington, DC on April 29-30, 2024. The company's President & CEO, Richard Mazur, and Vice President of Exploration, Dr. Rebecca Hunter, will be available for meetings to update investors on Forum's high-grade uranium discovery in the Thelon Basin, Nunavut. Forum is set to kick off a $10 million summer drill campaign in June focusing on the Tatiggaq deposit in Nunavut, adjacent to Orano's Kiggavik uranium development project. For technical meetings and partnering inquiries, interested parties can contact Rick Mazur, President & CEO.

Forum Energy Metals Corp. conducted an Ambient Noise Tomography (ANT) survey at the Tatiggaq anomaly, establishing new drill targets over a 1+ km extension along the Tatiggaq fault zone in Nunavut. The survey potentially imaged the depth and location of mineralized bodies, aiding in precise drilling. The survey results suggest additional mineralized bodies to the east-northeast at similar depths to known mineralization. Forum's Aberdeen Project, adjacent to Orano's Kiggavik uranium project, shows promising results for uranium exploration. The Tatiggaq deposit consists of Main and West Zones with high-grade mineralization hosted in steep, south-dipping fault zones. The ANT survey, conducted by Patterson Geophysics Inc., utilized 475 seismic NRUs to detect seismic waves and image the subsurface. Ongoing data processing by Ambient Reservoir Monitoring Inc. is expected to provide further insights for targeting uranium mineralization.

Forum Energy Metals Corp. appoints Dr. Peter Wollenberg to its Technical Advisory Board. Dr. Wollenberg brings extensive experience in uranium exploration and discovery, particularly in the Thelon Basin. His expertise is expected to aid Forum in its exploration efforts at the Aberdeen project. Additionally, the Company grants incentive stock options to employees and consultants.