Forum Energy Metals Corp. is pleased to announce that two diamond drill rigs have commenced drilling on its 100% owned Fir Island uranium project in northern Saskatchewan. Forum plans to complete approximately 5,000 metres in 24 holes. This program is operated by Forum and funded by Orano Canada Inc. under terms of an option agreement to earn up to a 70% interest by spending up to $6 million on exploration. Previous [...]
Forum Energy Metals Corp. announces that it intends to raise $500,000 by way of a flow through private placement of 1,351,351 flow through units at $0.37 per Unit, each Unit comprised of one flow through common share of the Company and one non-flow through warrant. Each Warrant entitles the holder to acquire one common share of the Company at a price of $0.42 per share for a term of 3 years. Proceeds of the Offering will [...]
Forum Energy Metals Corp. is pleased to announce that Rio Tinto Exploration Canada has commenced drilling on Forum's 100% owned Janice Lake copper/silver project in Saskatchewan. Two drill rigs are initially testing the Rafuse target, a 2.8 kilometre long priority target of surface copper mineralization that was developed during RTEC's mapping, prospecting and geophysical program this past summer. It is clear that past [...]
Forum Energy Metals Corp. is pleased to announce that Rio Tinto Exploration Canada has commenced mobilization of two drills, fuel and other supplies to the site of Forum's 100% owned Janice Lake copper/silver project in Saskatchewan. The 110km winter haul road that was constructed last winter is in good condition to the newly constructed 80-person Burbidge Lake Camp in the centre of the property. RTEC has engaged Team [...]
Forum Energy Metals Corp. is pleased to announce that ice road construction has commenced and two drills are being mobilized to site in preparation for a 6,000 metre drill program on its Fir Island project in northern Saskatchewan. This program is operated by Forum and funded 100% by Orano Canada Ltd. The program is designed to test a number of targets along two major structures associated with the Snowbird Tectonic Zone [...]
Forum Energy Metals Corp. announces that, further to its news releases of November 30, 2020 and December 7, 2020, it has closed its non-brokered private placement and raised $1,500,000 through the issuance of 15,000,000 units priced at $0.10 per unit. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one additional common share at a price of $0.15 for two [...]
Forum Energy Metals Corp. is pleased to provide a review of its Athabasca Basin uranium exploration portfolio. Forum has majority interests in seven projects totalling 67,370 hectares of claims prospective for high grade uranium deposits. Rick Mazur, President & CEO stated, "Recent investor interest in uranium validates why we have maintained and indeed, added to our assets in the Athabasca Basin, the world's premier [...]
Forum Energy Metals Corp. announces that, further to its news release of November 30, 2020, it has increased the previously announced financing from $1,000,000 to $1,500,000 and will issue up to 15,000,000 units at a price of $0.10 per unit. Each unit consists of one common share and one share purchase warrant, each warrant entitling the holder to acquire one further common share at a price of $0.15 for a term of two [...]
Forum Energy Metals Corp. is pleased to announce that Orano Canada Inc will be funding a 6,000 metre drill program budgeted at $1.63 million on Forum's Fir Island project along the north rim of the Athabasca Basin, Saskatchewan. Two drills will be mobilised for a 24 hole drill program to commence in January, 2021. At the end of this program, Orano Canada will have earned a 51% interest in the project and become Operator [...]
Forum Energy Metals Corp. announces a non-brokered private placement of up to 10,000,000 units at a price of $0.10 per unit for total proceeds of $1,000,000 . Each unit consists of one common share and one share purchase warrant, each warrant entitling the holder to acquire one further common share at a price of $0.15 for a term of two years from closing of the Offering. Finder's fees will be payable in accordance with [...]
Forum Energy Metals Corp. is pleased to announce that Rio Tinto Exploration Canada has released results from the rotary air blast drill program from this summer. Two targets, Roberts and Juno, drilled in overburden covered areas returned anomalous copper and silver from this short-hole drill program. Figure 1: Roberts and Juno Target Areas on the Janice Lake Project. Background is the airborne magnetic survey, red stars [...]
Forum Energy Metals Corp. is pleased to announce that Rio Tinto Exploration Canada has informed the Company of its proposed winter drill program for 2021. Drilling and geological crews will be based out of the newly constructed 80-person Burbidge Lake Camp in the centre of Forum's 100% owned Janice Lake Sedimentary Copper/Silver Project in northern Saskatchewan, Canada. Rio Tinto will mobilize two diamond drills, fuel and [...]
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