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About Forum Energy Metals Corp. (OTCQB: FDCFF)
Forum Energy Metals Corp. is a Canadian-based exploration company focused on the discovery and development of high-grade unconformity-related uranium deposits, primarily within the Athabasca Basin in Saskatchewan and the Thelon Basin in Nunavut. Renowned for their exceptional uranium potential, these regions are globally recognized as prolific sources of high-grade uranium, making Forum Energy Metals a significant player in the nuclear energy supply chain.
Forum operates through a strategic blend of wholly owned projects and joint ventures, leveraging partnerships with industry leaders such as NexGen Energy Ltd., Cameco Corporation, and Orano Canada Inc. The company's flagship projects include the Aberdeen Uranium Project and the Northwest Athabasca Project. At Aberdeen, Forum has identified multiple high-priority targets, including the Tatiggaq and Qavvik deposits, which exhibit potential for both basement-hosted and unconformity-style uranium mineralization. Recent exploration programs have uncovered promising grades and mineralized zones, underscoring the project's potential to evolve into a tier-one uranium district.
In addition to uranium, Forum maintains a diversified portfolio of energy metals, including copper, nickel, and cobalt, with projects located in Saskatchewan and Idaho. This diversification aligns with the growing demand for critical minerals essential to renewable energy technologies and electric vehicle batteries.
Forum's exploration strategy is underpinned by cutting-edge geophysical techniques, such as Ambient Noise Tomography (ANT) and reprocessed historical electromagnetic (EM) data, to refine drill targeting and enhance resource discovery. By focusing on areas with established infrastructure and proximity to existing deposits, the company minimizes logistical challenges and maximizes exploration efficiency.
Forum Energy Metals' commitment to collaboration extends to its engagement with local communities, particularly in Nunavut and Saskatchewan. The company prioritizes workforce development, community investment, and environmental stewardship, ensuring that its exploration activities align with local priorities and sustainable development goals.
With a robust pipeline of projects, strategic partnerships, and a focus on high-grade uranium and energy metals, Forum Energy Metals Corp. is well-positioned to play a pivotal role in meeting the global demand for clean energy resources.
Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) held its Annual General Meeting on December 11, 2024, where shareholders approved all proposed resolutions with 25.25% of votes cast. The meeting resulted in the re-election of seven directors: Richard Mazur, Anthony Balme, Michael Steeves, Larry Okada, Paul Dennison, Janet Meiklejohn, and Brian Christie.
Davidson & Company was re-appointed as the company's auditor, and the Amended Omnibus Plan received approval. Following the AGM, the Board reconstituted all Committees and reappointed key officers, including Richard Mazur as President and CEO, Dan O'Brien as CFO, Rebecca Hunter as VP of Exploration, Allison Rippin-Armstrong as VP of Nunavut Affairs, and Jacqueline Collins as Corporate Secretary.
Forum Energy Metals announces results from its uranium drilling program at the Aberdeen Project in Nunavut. The company completed 11 holes at the Tatiggaq Main and West zones, with seven holes showing mineralization. Notable intersections include 1.15% U3O8 over 2.4m and 1.31% U3O8 over 7.6m at Tatiggaq Main, with a maximum grade of 8.15% U3O8. The uranium mineralization at the Main zone spans ~35 metres thickness, while the West zone shows continuous mineralization extending 40m westward. The total strike extent has increased from 200m to over 310 metres.
Forum Energy Metals (TSXV: FMC) (OTCQB: FDCFF) announces its participation in two upcoming investor events. The company will attend Red Cloud's Fall Mining Showcase in Toronto on October 16-17, 2024, where President & CEO Richard Mazur and VP of Exploration Dr. Rebecca Hunter will be available for meetings. Dr. Hunter will present on October 17th at 10:20 am.
Additionally, Richard Mazur will present at the Top Shelf Partners Commodities Global Expo in Ft. Lauderdale, Florida, from October 20-22. He will participate in the uranium panel and be available for meetings.
The company anticipates an exciting fall as it prepares to share assays from its 2024 drill program at the Aberdeen Uranium Project in Nunavut, Canada. The program completed 30 drill holes over five targets, promising significant news flow in the coming months.
Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) has completed its 2024 drilling program at the Aberdeen Uranium Project in Nunavut. The program involved 30 diamond drill holes totaling 6,962 metres across 5 targets. Key highlights include:
1. Nineteen holes at Tatiggaq, following up on 2023 results of 2.25% U3O8 over 11.1 metres.
2. Two holes at Qavvik to test a controlling structure.
3. Four holes each at Ayra and Ned targets.
4. One hole at Loki, exhibiting intense clay and sooty sulphide alteration.
The company also completed over 5,000 gravity stations, identifying new drill targets. Assay results are expected in mid to late October. Forum's VP of Exploration, Rebecca Hunter, stated the program was highly successful and will provide data for a preliminary resource estimate at Tatiggaq and Qavvik.
Forum Energy Metals Corp. (TSXV: FMC, OTCQB: FDCFF) announced ongoing drilling success at its 100% owned Aberdeen Uranium Project in Nunavut.
Seventeen holes, totaling 4,307 meters, have been drilled along the Tatiggaq Fault, with 685 samples sent for analysis. Results will be available by the end of September. The drilling validates similarities to the prolific Kiggavik uranium deposits.
Phase Two has commenced, focusing on additional high-priority targets. A 30-person camp has been established, and drilling will continue for another four to six weeks.
An advisory agreement with DS Market Solutions aims to enhance market depth and liquidity, providing services at $5,000 per month.
Forum Energy Metals Corp. has appointed Richard Aksawnee as the Manager of Nunavut Affairs for its Aberdeen Uranium Project near Baker Lake, Nunavut. Richard, a long-time community leader, aims to enhance local engagement, workforce development, and community investment during exploration activities. Richard's extensive experience includes serving as Baker Lake's mayor from 2019 to 2023 and chairing the Hunter and Trappers' Organization for 20 years. Forum's Aberdeen project spans over 95,000 hectares of highly prospective land, with significant deposits identified in previous drilling programs. Current exploration drilling is focused on the Tatiggaq deposit.
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.
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