Vancouver, British Columbia–(Newsfile Corp. – April 17, 2023) – Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum" or "the Company")announces a non-brokered private placement of up to $2,000,000 through the issuance of a combination of units (the "NFT Units") at a price of $0.10 per NFT Unit and flow through units (the "FT Units") at a price of $0.12 per FT Unit. Proceeds raised from the issuance of the FT Units will be used by Forum to conduct drilling on its Nunavut Uranium Project in the Thelon Basin, a geological equivalent to the Athabasca Basin.
Dr. Rebecca Hunter, Vice President, Exploration, commented, "Forum acquired land formerly held by Cameco adjacent to Orano’s 133 million pound Kiggavik deposits by claim staking in 2022. Cameco made two discoveries of high grade, unconformity-style uranium deposits, which Forum now owns and plans to delineate with further drilling. This years’ program will infill […]
Click here to view original web page at stockhouse.com
- Do contribute something to the discussion
- Do post factual information, analysis and your view on company valuations
- Do disclose if you have an interest in a security
- Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
- Do not complain about a post unless you have reported it first, and not on the forum.
- Do not post financial advice
- Do not advertise or post sponsored content
Come and join our community. Expand your network and get to know new people!