Forum Energy Metals

Exploring Three Highly Prospective Energy Metals Projects in Saskatchewan

This Forum Energy Metals profile is part of a paid investor education campaign.*


Saskatchewan ranks first in Canada for mining investment attractiveness. The province is resource-rich and maintains a consistent favorable regulatory environment that offers highly attractive mineral investment opportunities. In 2019, C$7.4 billion in mineral sales were generated.

Saskatchewan is known for the world’s richest high-grade uranium deposits, but remains underexplored for energy metals, thereby offering unparalleled investment opportunities.

Forum Energy Metals (TSXV:FMC,OTCQB:FDCFF) is an exploration and discovery company focused on developing its diverse portfolio of exciting energy metal exploration projects in Saskatchewan. With strong local geological expertise, Forum was early in acquiring attractive properties in the energy metals space, and has leveraged this expertise to attract significant leading industry partners to help position the company for potential significant discoveries.

Key Saskatchewan Projects

  • Janice Lake Copper – Rio Tinto C$30 million Option
  • Fir Island Uranium – Orano C$6 million Option
  • Love Lake Copper-Nickel-Palladium (100 percent)
  • Seven Athabasca Basin uranium projects with advanced exploration targets available for partnering

Janice Lake Sedimentary Copper Project

Forum granted Rio Tinto Canada a four-year option to acquire up to an 80 percent interest in the 52 km long district scale (39,943 Ha) Janice Lake sedimentary copper project by spending C$30 million.

In February 2021 Rio Tinto commenced a drill program with two drills to test multiple copper/silver targets.

Project Highlights:

  •  Potential for discovery of significant copper open pit resource within 300 meters from surface
  • 2019 drilling: 1.09 percent copper over 9.1 meters and 1.32 percent copper over 5 meters within a 51.8 meter interval grading 0.57 percent copper.
  • Access via the completion of a 110 kilometer winter road and an 80 person work camp at Burbidge Lake. Power readily available.
  • 2020 Summer Rotary Air Blast drill program added multiple new near-surface mineralized copper/silver targets northeast of primary Janice and Jansem targets.

Fir Island Uranium Project

Forum granted the French owned uranium miner and exploration subsidiary Orano Canada (formerly Areva) a four-year option to acquire up to a 70 percent interest in the Fir Island uranium property located on the northeast fringe of the Athabasca Basin by spending $6 million in exploration.

In February 2021 a drill program with two drills commenced to test prioritized targets.

Project Highlights

  • 20,463 hectare property is highly prospective for shallow unconformity type uranium deposits.
  • Shallow near surface to 250 meter targets offsetting major fault structures.
  • All weather road access to the provincial highway system and is within driving distance to the Orano operated McClean Lake mill.

Love Lake Nickel-Copper-Platinum-Palladium Project

Forum’s 100 percent owned Love Lake project is located along Highway 905 approximately 60 kilometers north of the Janice Lake project. The property consists of 13 claims totaling 32,075 hectares and is strategically positioned near Forum’s Janice Lake copper project.

Project Highlights

  • Underexplored district wide nickel-copper-PGM prospect under the direction of PGM expert Dr. Larry Hulbert; very limited historic exploration.
  • Geochemical analysis demonstrates nickel and copper depletion at surface and high sulphide content.
  • Three feeder zones and two prospective sulphide targets identified.
  • Inaugural drill program totaling 3000 meters planned for summer 2021.

Forum is targeting magmatic nickel/copper/platinum/palladium deposits similar to Voisey’s Bay in Canada, as well as to the Nova-Bollinger project and the Julimar project, both in Australia.

Athabasca Basin Uranium Project Profile

Forum holds 7 additional uranium properties within the Athabasca Basin based on a shallow open pit discovery mode

  • Northwest Athabasca: Forum 39.5 percent, Cameco 29 percent, Nexgen 20 percent, Orano 12.5 percent
  • Maurice Point: 100 percent
  • Henday: Rio Tinto 60 percent Forum 40 percent
  • Wollaston: 100 percent
  • Key Lake Road Properties
  • Highrock: 100 percent
  • Costigan: 65 percent
  • Clearwater: Forum 75 percent, Vanadian 25 percent

Forum Energy Metals’ Management Team

Richard J. Mazur, P.Geo., MBA — President, CEO and Director

Richard J. Mazur is an executive and geoscientist with over 45 years of Canadian and international experience in the exploration and mining industry as a project geologist, financial analyst and senior executive on uranium, gold, diamonds, base metals and industrial minerals projects. Mazur founded Forum in 2004. He is also currently a director of Big Ridge Gold , Empress Royalty, Impact Silver, and Midnight Sun Mining. Mazur graduated with a B.Sc. in Geology from the University of Toronto in 1975 and obtained an MBA from Queen’s University in 1985.

Ken Wheatley, P.Geo, M.Sc — VP of Exploration

Ken Wheatley is a professional geoscientist with the Association of Professional Engineers and Geoscientists in Saskatchewan. He has 40 continuous years of uranium exploration experience in Canada, including AREVA Resources Canada (now Orano), one of the world’s largest uranium exploration and production companies and Uranerz Exploration and Mining Limited. His established track record of mineral discoveries includes eight uranium deposits, four of which became producing mines in the Athabasca Basin, Saskatchewan. Wheatley graduated with an H.B.Sc. from Laurentian University in 1980 and an M.Sc. from the University of Saskatchewan in 1985.

Jacqueline Collins — Corporate Secretary

Jacqueline Collins is a securities/corporate finance paralegal with over 25 years of experience as a legal administrator, corporate secretary and paralegal at independent and national law firms and public resource companies. She specializes in preparing and filing all securities documents with Canadian and US securities regulators, including all continuous disclosure documents.

Dan O’Brien, CPA, CA — CFO

Dan O’Brien is a member of the Institute of Chartered Professional Accountants of British Columbia and has over 15 years of experience working with public companies in the resource industry. Mr. O’Brien is the CFO for several publicly listed exploration companies trading on the TSX and TSXV exchanges and was previously a senior manager at a leading Canadian accounting firm where he specialized in the audit of public companies in the mining and resource sector.

Disclaimer: This profile is sponsored by Forum Energy Metals (TSXV:FMC,OTCQB:FDCFF). This profile provides information which was sourced by the Investing News Network (INN) and approved by Forum Energy Metals. in order to help investors learn more about the company. Forum Energy Metals is a client of INN. The company’s campaign fees pay for INN to create and update this profile.

INN does not provide investment advice and the information on this profile should not be considered a rExploring Three Highly Prospective Energy Metals Projects in Saskatchewanecommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Forum Energy Metals. and seek advice from a qualified investment advisor.