Exploring for Energy Metals In North America
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Forum Energy Metals Corp. (TSXV:FMC) is a Canadian mineral resource company exploring for energy metals, most notably copper and uranium in Saskatchewan, and cobalt in the Idaho Cobalt Belt.
There has been an increased demand for copper and cobalt in recent years that is being driven by the renewable energy sector and electric vehicle (EV) growth. Analysts are predicting that there will be 3.6 times more copper in an EV compared to an internal combustion vehicle. As a result, the industry is expecting a supply gap of five million tons per year by 2025.
- Forum has a micro market cap of under $5 million.
- Well positioned in the mining friendly jurisdiction of Saskatchewan.