Forum Uranium to Option Clearwater Project to Uracan Resources

Forum Uranium Corp. (TSXV:FDC) has signed a binding Letter of Intent with Uracan Resources Ltd. (TSXV:URC) under the terms of which Uracan may earn up to a 70 percent interest in Forum’s Clearwater Project in northern Saskatchewan. Currently, Forum wholly owns the Clearwater Project.

As quoted in the press release:

Uracan will fund all exploration work until the earn-in option has been completed, after which further work will be funded by the Joint Venture partners. Forum will be the Project operator until Uracan earns its 51% interest, after which Uracan may elect to become the operator. The LOI is subject to TSX approval and a due diligence period to be waived by Uracan prior to July 31, 2014.

Click here to read the Forum Uranium (TSXV:FDC) press release
Click here to see the Forum Uranium (TSXV:FDC) profile.

Get the Latest Uranium Investing Stock Information

Get the latest information about companies associated with Uranium Investing delivered directly to your inbox.


By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.


Leave a Reply