Welcome to our dedicated page for Forum Energy news (Ticker: FDCFF), a resource for investors and traders seeking the latest updates and insights on Forum Energy stock.
Forum Energy Metals Corp. (FDCFF) delivers focused uranium exploration through advanced geological methods in the Athabasca and Thelon Basins. This news hub provides investors and stakeholders with timely updates on corporate developments, technical milestones, and strategic partnerships.
Access verified press releases and news articles covering drilling results, joint venture announcements, and resource estimation updates. Our curated collection ensures transparent tracking of exploration progress across key projects like those in Saskatchewan Nunavut.
Key updates include uranium discovery reports, geophysical survey analyses, and partnership agreements with industry leaders. All content undergoes strict accuracy reviews to support informed decision-making.
Bookmark this page for centralized access to FDCFF's latest developments in unconformity-related uranium exploration. Check regularly for authoritative updates on basin-scale discoveries and operational advancements.
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.
