Forum Energy Metals Announces up to $2 Million Non-Brokered Private Placement to Drill the Nunavut Uranium Project

Mr. Richard Mazur reports:

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 drillholes by Cameco on the Tatiggaq deposit as well as test two of several other target areas identified by Cameco. The two grassroots targets exhibit favourable geophysics and similar sandstone alteration and uranium enrichment observed above unconformity deposits such as the giant Cigar Lake deposit in the Athabasca."

Terms of the Offering

Each NFT Unit will be comprised of one common share and one common share purchase warrant (a "NFT Warrant"). Each NFT Warrant is exercisable to purchase one common share at a price of $0.15 per share for a period […]

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