Forum Commences Drilling on Its Thelon Basin Uranium Project

Vancouver, British Columbia–(Newsfile Corp. – July 18, 2023) – Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum" or the "Company") announces that it has commenced a 2,000 metre drill program on its Thelon Basin uranium project located 100 km west of the Hamlet of Baker Lake, Nunavut. Forum holds a 100% interest in 95,000 hectares of ground that Cameco Corporation formerly held and extensively drilled from 2008 to 2012 adjacent to Orano’s 133 million pound Kiggavik uranium deposit (Figure1). Figure 1 The Thelon Basin is a geologic analogue to the Athabasca Basin in Saskatchewan.

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Dr. Rebecca Hunter, Forum’s VP, Exploration , stated, "Forum’s Nunavut Uranium Project in the Thelon Basin is a geologic analogue to the prolific Athabasca Basin for large, high grade, unconformity-related uranium deposits. Forum’s initial drill program will focus on further delineation […]

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