Forum Energy Metals and Global Uranium Announce Exploration Update on Drill Targeting, Northwest Athabasca Project, Saskatchewan

Reprocessing of historical EM data has added greater targeting certainty and will help augment a planned winter 2025 drill program on the Northwest Athabasca Project in Saskatchewan's Athabasca Basin

Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) (the "Company" or "Forum") and Global Uranium Corp. (CSE: GURN) (OTC: GURFF) (FSE: Q3J) ("Global") are pleased to announce the completion of data compilation and reprocessing of historical EM geophysical surveys to optimize the upcoming drill program on the Northwest Athabasca (NWA) Project, located on the northwest shore of Lake Athabasca in Saskatchewan, Canada (Figure 1). Global has an option to earn 51% interest in Forum's interest in the NWA Project by spending up to $9M over four years (see News Release dated May 30, 2024). Diamond drilling and geophysical surveys are planned this winter, pending the completion of ongoing community engagement and final government approvals. Forum Energy Metals is the Operator of the Northwest Athabasca Project.

"The integration of historical geophysical datasets and legacy drill results gives us an advantage in identifying areas of high potential," stated Ungad Chadda, CEO of Global Uranium. "We are pleased that the Forum exploration team's knowledge and experience in Saskatchewan unconformity-style uranium deposits will shape the refined targeting strategy at the NWA Project, positioning us to unlock the site's full value potential."

Rick Mazur, CEO of Forum Energy Metals stated, "Forum's logistics team is working with local services and contractors to implement the drill program this winter. We are excited to get back to drilling on the project again with Global as our earn-in partner. This is a prolific part of the Athabasca Basin and our last drill campaign in 2013 intersected significant uranium mineralization."

2025 Data Compilation and Drill Targeting

The Northwest Athabasca Project has undergone exploration since the 1970s so there is an enormous database of geological work that has been completed historically (ground sampling, geophysical surveys and diamond drilling). Forum has been compiling all the historical data into its database including Forum's past exploration from 2010 to 2014.

The main targets planned for drilling in 2025 include the Andy, Zone 2A, Opie, Gomer and Spring Bay areas (Figure 2). Drill targets are selected using a combination of known uranium showings, ground and airborne electromagnetic (EM) conductors, magnetic signatures and gravity anomalies. The Maurice Bay uranium showing, which is within the Northwest Athabasca Project is associated with east-southeast-trending faults with significant normal fault displacement.

Forum Energy Metals is working with Convolutions Geoscience based out of Vancouver, British Columbia to investigate and reprocess the historical ground HLEM (Horizontal Loop Electromagnetic) and airborne VTEM (Versatile Time Domain Electromagnetic) data that were originally collected by Cameco Corporation in 2005 and 2006. In the Griffith's Creek area (Andy, Zone 2A, Opie target areas), several HLEM and VTEM conductors were identified. Convolutions Geoscience has re-analyzed the historical data and provided recommendations on the orientation and strength of the conductors to help augment the targeting of the potential conductive zones (Figure 3).

The Northwest Athabasca Project

The Northwest Athabasca Project is located along the northwest shore of Lake Athabasca on the margin of the Athabasca Basin 1,000 km north-northwest of Saskatoon. The western margin of the property is situated along the Alberta - Saskatchewan provincial border and the closest community is Uranium City, which is 75 km west of the project. The project consists of 11 continuous mineral claims covering 13,876 ha. Exploration began on the Northwest Athabasca Project in the 1970s after the discovery of uriniferous boulders of Athabasca Group sandstone near Fiddler Point. Diamond drilling at the inferred apex of one of the boulder fans led to the discovery of unconformity uranium mineralization near Maurice Bay in 1976 by Uranerz Exploration and Mining Ltd. A non-43-101 historical resource estimate was documented at 1.5 million lbs at 0.6% U3O8 for the Maurice Bay Showing¹. The historical resource estimate, however, was not prepared in accordance with the requirements of National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). While the Company believes the historical estimate to be relevant given the extensive exploration work completed by Uranerz, a qualified person has not completed sufficient work to verify and classify the historical estimate as a current ‎mineral resource and the Company is not treating the historical estimate as a current mineral resource. As such, ‎the historical estimate should not be relied upon. Uranium mineralization is hosted in 3 zones (Main, A, and B), with Main zone associated with an east-southeast-trending fault system with approximately 30 m of normal-fault offset (south side down). The A and B zones are situated north of the Main zone within the basement rocks along reactivated normal faults and cross-cutting northeast-trending faults. Numerous showings that host modest-to-significant uranium mineralization have been identified on the project, including the Zone 2A area, which intersected basement-hosted mineralization grading 5.69% over 8.5 m from drill hole Z2A-12 (Uranerz). Other areas of interest include Opie (0.14% U3O8 over 7.6 m), Maurice Creek Showing (5 to 30 ppm U in sandstone), F-Subcropping (270 ppm U in sandstone), Ness Bay (100 to 2000 ppm U), Barney (2.33% U3O8 over 0.1 m), Otis West (up to 6,250 ppm U), and Spring Bay (untraced uriniferous boulder field; 0.05% U3O8 over 3 m in sandstone - drill hole NWA-001).

¹Lehnert-Thiel, K., and Kretschmar, W., 1979, The discovery of the Maurice Bay uranium deposit and exploration case history (abs.): Canadian Institute of Mining and Metallurgy District 4, Fourth Annual Meeting, Winnipeg, 1979, unpublished manuscript, 3 p.

Qualified Person

Rebecca Hunter, Ph.D., P.Geo., Forum's Vice President of Exploration and Qualified Person under National Instrument 43-101, has reviewed and approved the contents of this news release.

Quality Assurance and Quality Control

For a discussion of the QA/QC and data verification processes and procedures at the NWA Project, please see its technical report entitled "NI 43-101 on the Northwest Athabasca Project Northern Saskatchewan Centered at: Latitude 59°24'00" N, Longitude 109°54'00" W", with an effective date of June 27, 2024, which is available under the Global Uranium's profile at www.sedarplus.ca.

About Global Uranium Corp.

Global Uranium Corp. focuses on exploring and developing uranium assets primarily in North America. The Company currently holds key uranium projects: the Wing Lake Property in the Mudjatik Domain of northern Saskatchewan, Canada; the Northwest Athabasca Joint Venture with Forum Energy Metals Corp./NexGen Energy Ltd./Cameco Corporation/Orano Canada Inc. in the Northwest Athabasca region of Saskatchewan, Canada; and the Great Divide Basin District Projects, the Gas Hills District Projects, and the Copper Mountain District Projects in Wyoming, USA.

About Forum Energy Metals

Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) is focused on the discovery of high-grade unconformity-related uranium deposits in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut. For further information: https://www.forumenergymetals.com.

Figure 1 Location of the Northwest Athabasca Project along Lake Athabasca in northwestern Saskatchewan. The closest communities are Uranium City, Fond du Lac and Fort Chipewyan. The western margin of the property is located along the Alberta - Saskatchewan Border.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4908/238980_351dd62be4ea5b8c_003full.jpg

Figure 2 The main uranium showings and drill target areas on the Northwest Athabasca Project. The residual gravity and EM conductors are shown as the background.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4908/238980_351dd62be4ea5b8c_004full.jpg

Figure 3 Close-up of the Griffith's Creek Trend, which hosts the Andy, Zone 2A and Opie grids. The residual gravity is the background and the historical drill collars are shown. The reprocessed Maxwell Plates are the solid lines and were generated from the historical HLEM data and will be used to aid in drill targeting.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4908/238980_351dd62be4ea5b8c_005full.jpg

ON BEHALF OF THE BOARD OF DIRECTORS

Richard J. Mazur, P.Geo.
President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information contact:

Rick Mazur, P.Geo., President & CEO
mazur@forumenergymetals.com
Tel: 604-630-1585

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/238980

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Forum Energy Metals to Attend PDAC Convention March 2nd- 5th

Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum" or the "Company") will be attending the Prospectors and Developers Association of Canada's ("PDAC") Convention at the Metro Toronto Convention Centre, at Booth 2825 from Sunday March 2 to Wednesday March 5. Rick Mazur, President & CEO and Dr. Rebecca Hunter, Vice-President Exploration will be available to discuss the recently released drill results from the Company's Aberdeen Uranium project in Nunavut, Canada as well as plans for the upcoming 2025 exploration program. Allison Rippon-Armstrong, Vice-President Nunavut Affairs, and Richard Aksawnee, Manager of Nunavut Affairs will also be available to discuss our community relations outreach programs in Nunavut and upcoming events in the region.

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Forum Announces Drill Results of Highly Elevated Uranium at the Basement/Sandstone Unconformity in the Thelon Basin

Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum" or the "Company") announces drill results for the Ayra, Loki and Ned grids. The Ayra and Loki grids host strong clay alteration and elevated uranium values up to 72.8 ppm in the sandstone and 323 ppm in the basement. This is the first evidence of major unconformity-style uranium mineralization at the sandstonebasement contact in the Thelon Basin. These targets have the potential for the discovery of Tier One uranium deposits similar to those found in the Athabasca Basin.

HIGHLIGHTS

Hole	Sample	Lith	From_m	To_m	B_t_ppm	Cu_t_ppm	Mo_t_ppm	Ni_t_ppm	U_t_ppm
AYA24-011B	446439	SDST	27.00	29.00	230	2.4	0.23	4.7	2.75
AYA24-011B	446441	SDST	29.00	34.00	178	1.5	0.27	4.8	1.57
AYA24-011B	446442	SDST	34.00	34.30	152	1.5	0.18	7.8	2.46
AYA24-011B	446443	SDST	37.35	37.45	424	5.4	0.49	7.2	10.5
AYA24-011B	446444	SDST	39.00	43.60	266	2.8	0.18	7.4	4.09
AYA24-011B	446445	SDST	43.60	43.70	361	4.1	0.44	8.6	2.46
AYA24-011B	446446	SDST	49.00	59.00	243	1.8	1.15	12.2	1.18
AYA24-011B	446447	SDST	59.00	69.00	317	1.7	1.36	10.1	18.9
AYA24-011B	446448	SDST	69.00	72.20	388	1.7	0.47	10.4	4.7
AYA24-011B	446449	SDST	72.20	72.30	229	1.8	1.1	8.7	72.8
AYA24-011B	446451	SDST	74.00	74.40	819	3.5	1.46	14.9	14.7
AYA24-011B	446452	SMPL	79.00	79.10	846	3.3	0.56	24.4	3.46
AYA24-011B	446453	SMPL	89.00	89.10	408	8.5	0.64	7.8	2.32
AYA24-011B	446454	SMPL	99.00	99.10	1580	5.6	0.36	16.6	3.45
AYA24-011B	446455	MNZT	101.70	101.80	1340	4.8	0.58	34.4	130
AYA24-011B	446456	MNZT	109.50	109.60	897	4	0.89	19.5	154
AYA24-011B	446457	MNZT	114.70	115.20	1420	8.3	1.27	22.2	48.5
AYA24-011B	446458	MNZT	115.20	115.30	815	6.2	1.47	19.8	323
AYA24-011B	446459	MNZT	115.30	115.80	2090	9.6	1.68	24.5	24.6
AYA24-011B	446461	LAMP	119.00	119.10	801	3.2	0.19	6.2	3.25
AYA24-011B	446462	SMPL	129.00	129.10	1890	6.6	0.82	13.4	4.81
AYA24-011B	446463	SMPL	139.00	139.10	1400	6.8	1.1	14.5	7.96
AYA24-011B	446464	LAMP	149.00	149.10	225	3.8	0.24	4.2	1.28
AYA24-011B	446465	MNZT	159.00	159.10	581	3.8	0.19	9.9	6.04
AYA24-011B	446466	MNZT	169.00	169.10	425	2.8	0.82	21.1	6.83
LOK24-003	336831	SDST	15.60	19.00	109	1.4	0.09	2.3	2.62
LOK24-003	336832	SDST	19.00	29.00	128	1.3	0.15	2.1	1.27
LOK24-003	336833	SDST	29.00	39.00	120	1.2	0.26	2	1.58
LOK24-003	336834	SDST	39.00	49.00	153	1.7	0.17	2.2	1.33
LOK24-003	336835	SDST	49.00	59.00	160	1	0.24	2.6	6.7
LOK24-003	336836	SDST	59.00	69.00	149	1.4	0.33	2.9	19.6
LOK24-003	336837	SDST	69.00	74.05	180	1.1	0.17	2.6	4.06
LOK24-003	336838	SDST	74.05	74.15	124	2.9	0.16	3.2	3.09
LOK24-003	336840	SDST	75.30	75.40	668	5.1	0.38	8.5	23
LOK24-003	336841	SDST	79.00	87.50	202	3	0.15	3.6	6.99
LOK24-003	336842	SDST	87.50	87.60	159	8.5	0.09	2.9	1.13
LOK24-003	336843	SDST	89.00	99.00	201	2.8	0.13	3.5	5.9
LOK24-003	336844	SDST	99.00	102.30	348	2.2	0.14	2.8	7.39
LOK24-003	336845	SDST	102.30	107.60	404	1.3	0.1	3.3	1.48
LOK24-003	336846	SDST	107.60	107.70	206	1.1	0.62	2.7	36.6
LOK24-003	336847	SDST	112.00	121.20	310	1.2	0.13	3.3	5.56
LOK24-003	336848	SDST	121.20	121.30	186	1.3	0.1	2.6	0.61
LOK24-003	336849	SDST	121.60	122.15	576	1.4	0.17	3.4	1.34
LOK24-003	336850	SDST	122.15	122.70	386	1.6	0.56	4	28.3
LOK24-003	336795	SDST	122.70	122.95	354	1.6	0.74	4	18.4
LOK24-003	336796	SDST	122.95	123.20	444	1.4	0.1	3	2.48
LOK24-003	336797	SDST	123.20	124.00	533	2.4	0.21	3.7	5.01
LOK24-003	336798	SDST	124.00	124.50	346	1.4	0.44	3.1	14.5
LOK24-003	336799	SDST	127.60	127.80	531	1.8	0.39	2.8	32.3
LOK24-003	336800	SMPL	139.00	139.10	328	3.6	0.71	23	6.09

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Forum Announces Drill Results of Highly Elevated Uranium at the Basement/Sandstone Unconformity in the Thelon Basin

Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum" or the "Company") announces drill results for the Ayra, Loki and Ned grids. The Ayra and Loki grids host strong clay alteration and elevated uranium values up to 72.8 ppm in the sandstone and 323 ppm in the basement. This is the first evidence of major unconformity-style uranium mineralization at the sandstonebasement contact in the Thelon Basin. These targets have the potential for the discovery of Tier One uranium deposits similar to those found in the Athabasca Basin.

HIGHLIGHTS

Hole	Sample	Lith	From_m	To_m	B_t_ppm	Cu_t_ppm	Mo_t_ppm	Ni_t_ppm	U_t_ppm
AYA24-011B	446439	SDST	27.00	29.00	230	2.4	0.23	4.7	2.75
AYA24-011B	446441	SDST	29.00	34.00	178	1.5	0.27	4.8	1.57
AYA24-011B	446442	SDST	34.00	34.30	152	1.5	0.18	7.8	2.46
AYA24-011B	446443	SDST	37.35	37.45	424	5.4	0.49	7.2	10.5
AYA24-011B	446444	SDST	39.00	43.60	266	2.8	0.18	7.4	4.09
AYA24-011B	446445	SDST	43.60	43.70	361	4.1	0.44	8.6	2.46
AYA24-011B	446446	SDST	49.00	59.00	243	1.8	1.15	12.2	1.18
AYA24-011B	446447	SDST	59.00	69.00	317	1.7	1.36	10.1	18.9
AYA24-011B	446448	SDST	69.00	72.20	388	1.7	0.47	10.4	4.7
AYA24-011B	446449	SDST	72.20	72.30	229	1.8	1.1	8.7	72.8
AYA24-011B	446451	SDST	74.00	74.40	819	3.5	1.46	14.9	14.7
AYA24-011B	446452	SMPL	79.00	79.10	846	3.3	0.56	24.4	3.46
AYA24-011B	446453	SMPL	89.00	89.10	408	8.5	0.64	7.8	2.32
AYA24-011B	446454	SMPL	99.00	99.10	1580	5.6	0.36	16.6	3.45
AYA24-011B	446455	MNZT	101.70	101.80	1340	4.8	0.58	34.4	130
AYA24-011B	446456	MNZT	109.50	109.60	897	4	0.89	19.5	154
AYA24-011B	446457	MNZT	114.70	115.20	1420	8.3	1.27	22.2	48.5
AYA24-011B	446458	MNZT	115.20	115.30	815	6.2	1.47	19.8	323
AYA24-011B	446459	MNZT	115.30	115.80	2090	9.6	1.68	24.5	24.6
AYA24-011B	446461	LAMP	119.00	119.10	801	3.2	0.19	6.2	3.25
AYA24-011B	446462	SMPL	129.00	129.10	1890	6.6	0.82	13.4	4.81
AYA24-011B	446463	SMPL	139.00	139.10	1400	6.8	1.1	14.5	7.96
AYA24-011B	446464	LAMP	149.00	149.10	225	3.8	0.24	4.2	1.28
AYA24-011B	446465	MNZT	159.00	159.10	581	3.8	0.19	9.9	6.04
AYA24-011B	446466	MNZT	169.00	169.10	425	2.8	0.82	21.1	6.83
LOK24-003	336831	SDST	15.60	19.00	109	1.4	0.09	2.3	2.62
LOK24-003	336832	SDST	19.00	29.00	128	1.3	0.15	2.1	1.27
LOK24-003	336833	SDST	29.00	39.00	120	1.2	0.26	2	1.58
LOK24-003	336834	SDST	39.00	49.00	153	1.7	0.17	2.2	1.33
LOK24-003	336835	SDST	49.00	59.00	160	1	0.24	2.6	6.7
LOK24-003	336836	SDST	59.00	69.00	149	1.4	0.33	2.9	19.6
LOK24-003	336837	SDST	69.00	74.05	180	1.1	0.17	2.6	4.06
LOK24-003	336838	SDST	74.05	74.15	124	2.9	0.16	3.2	3.09
LOK24-003	336840	SDST	75.30	75.40	668	5.1	0.38	8.5	23
LOK24-003	336841	SDST	79.00	87.50	202	3	0.15	3.6	6.99
LOK24-003	336842	SDST	87.50	87.60	159	8.5	0.09	2.9	1.13
LOK24-003	336843	SDST	89.00	99.00	201	2.8	0.13	3.5	5.9
LOK24-003	336844	SDST	99.00	102.30	348	2.2	0.14	2.8	7.39
LOK24-003	336845	SDST	102.30	107.60	404	1.3	0.1	3.3	1.48
LOK24-003	336846	SDST	107.60	107.70	206	1.1	0.62	2.7	36.6
LOK24-003	336847	SDST	112.00	121.20	310	1.2	0.13	3.3	5.56
LOK24-003	336848	SDST	121.20	121.30	186	1.3	0.1	2.6	0.61
LOK24-003	336849	SDST	121.60	122.15	576	1.4	0.17	3.4	1.34
LOK24-003	336850	SDST	122.15	122.70	386	1.6	0.56	4	28.3
LOK24-003	336795	SDST	122.70	122.95	354	1.6	0.74	4	18.4
LOK24-003	336796	SDST	122.95	123.20	444	1.4	0.1	3	2.48
LOK24-003	336797	SDST	123.20	124.00	533	2.4	0.21	3.7	5.01
LOK24-003	336798	SDST	124.00	124.50	346	1.4	0.44	3.1	14.5
LOK24-003	336799	SDST	127.60	127.80	531	1.8	0.39	2.8	32.3
LOK24-003	336800	SMPL	139.00	139.10	328	3.6	0.71	23	6.09

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Stallion Uranium Announces Grant of Options

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Stallion Uranium Corp. (the " Company " or " Stallion " ) ( TSX-V: STUD ; OTCQB: STLNF ; FSE: FE0 ) is pleased to announce that under the Company's stock option plan dated October 8, 2024 (the " Plan "), the Company has granted a total of 3,100,000 stock options (" Options ") to certain directors, officers and consultants of the Company.

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Purepoint Uranium Closes Final Tranche of $6 Million Private Placement

Purepoint Uranium Group Inc. (TSXV: PTU,OTC:PTUUF) (OTCQB: PTUUF) ("Purepoint" or the "Company") announces the closing of the final tranche of its previously announced private placement (the "Private Placement") comprising of a combination of:

5,768,824 Saskatchewan charity flow through units (the "SK Flow Through Units") at a price of $0.65 per unit for aggregate gross proceeds of $3,749,735.60; and
3,041,295 National charity flow through units (the "NT Flow Through Units", together with the SK Flow Through Units, the "Flow Through Units") at a price of $0.59 per unit for aggregate gross proceeds of $1,794,364.05.

"This final tranche not only completes our raise but strengthens our alignment with IsoEnergy and reinforces our shared commitment to long-term uranium discovery in the Basin," said Chris Frostad, President & CEO of Purepoint. "With exploration now underway across several properties, this financing ensures we can move into the fall and winter seasons with both momentum and flexibility."

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Alvopetro Announces August 2025 Sales Volumes

Alvopetro Energy Ltd. (TSXV: ALV,OTC:ALVOF) (OTCQX: ALVOF) announces August sales volumes of 2,375 boepd, based on field estimates. In Brazil August sales volumes averaged 2,257 boepd, including natural gas sales of 12.7 MMcfpd, associated natural gas liquids sales from condensate of 132 bopd and oil sales of 9 bopd. The large relative contribution of production from our 100% Murucututu field in August relates to the start of production from our 183-D4 well which commenced production later in August. From August 20 through September 3 the 183-D4 well produced at an average rate of 162 e 3 m 3 d (5.7 MMcfpd, 954 boepd) and we recovered 5,482 barrels of completions fluid and 1,033 barrels of natural gas liquids from condensate. Over the past 24 hours the well is producing through a constant 3664"choke at an average rate of 179 e 3 m 3 d (6.3 MMcfpd, 1,052 boepd) with a 1,015 psi flowing wellhead pressure and recovered 151 barrels of condensate (total well production 1,203 boepd) and 117 barrels of completions fluid. There are 10,322 barrels of 15,806 barrels of completions fluid left to recover. Given these extremely strong production results we are currently producing the Murucututu field from this single well as we are limited by our current facility capacity at Murucututu. As we continue to monitor these initial flow results, we will be evaluating options to improve production capacity of the system to allow for more production from the Murucututu field.

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Stallion Uranium Completes Second and Final Tranche of Oversubscribed $15,000,000 Non-Brokered Private Placement

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Stallion Uranium Corp. (the " Company " or " Stallion " ) ( TSX-V: STUD ; OTCQB: STLNF ; FSE: FE0 ) is pleased to announce that it has closed a second and final tranche of its previously announced non-brokered private placement of units and flow-through units (the " Offering "). This closing consisted of 22,305,600 units of the Company (each a " NFT Unit ") at a price of $0.20 per NFT Unit for aggregate gross proceeds of $4,461,120 and 30,139,600 flow-through units (each a " FT Unit ") at a price of $0.20 per FT Unit for aggregate gross proceeds of $6,027,920.

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Hole ID	Target	Easting	Northing	Elev.	Depth	U/C	Orient.	Comment
AYA24-011	Ayra	528196	7131911	127	29	lost	-70° / 140°	Hole lost in overburden.
AYA24-011B		528196	7131911	127	173	79.0	-65° / 145°	Elevated U in sandstone up to 72.3 ppm U; 323 ppm U in the basement; 2,000 ppm B in the basement.
AYA24-012		528196	7131911	127	203	77.6	-75° / 148°	Elevated U in sandstone up to 41.1 ppm U; 260 ppm U in the basement; 1,230 ppm B in the basement.
AYA24-013		528162	7131929	126	266	120.3	-61° / 323°	Weakly anomalous U in sandstone up to 2.64 ppm U.
LOK24-003	Loki	539212	7139106	159	140	130.7	-86° / 330°	Elevated U in sandstone up to 36.6 ppm U; 668 ppm B total in the sandstone.
NED24-002	Ned	555747	7146154	183	197	lost	-76° / 319°	Lost at 197.5 m in layered quartz unit near unconformity.
NED24-003		555727	7146166	181	56	lost	-81° / 314°	Lost at 56.1 m in the sandstone.
NED24-004		555727	7146166	181	314	202.9	-78° / 309°	Up to 2.65 ppm U l and 836 ppm B in the sandstone.
NED24-005		555557	7146279	179	272	217.9	-80° / 314°	Up to 4.14 ppm U and 320 ppm B in the sandstone.

Hole ID	Target	Easting	Northing	Elev.	Depth	U/C	Orient.	Comment
AYA24-011	Ayra	528196	7131911	127	29	lost	-70° / 140°	Hole lost in overburden.
AYA24-011B		528196	7131911	127	173	79.0	-65° / 145°	Elevated U in sandstone up to 72.3 ppm U; 323 ppm U in the basement; 2,000 ppm B in the basement.
AYA24-012		528196	7131911	127	203	77.6	-75° / 148°	Elevated U in sandstone up to 41.1 ppm U; 260 ppm U in the basement; 1,230 ppm B in the basement.
AYA24-013		528162	7131929	126	266	120.3	-61° / 323°	Weakly anomalous U in sandstone up to 2.64 ppm U.
LOK24-003	Loki	539212	7139106	159	140	130.7	-86° / 330°	Elevated U in sandstone up to 36.6 ppm U; 668 ppm B total in the sandstone.
NED24-002	Ned	555747	7146154	183	197	lost	-76° / 319°	Lost at 197.5 m in layered quartz unit near unconformity.
NED24-003		555727	7146166	181	56	lost	-81° / 314°	Lost at 56.1 m in the sandstone.
NED24-004		555727	7146166	181	314	202.9	-78° / 309°	Up to 2.65 ppm U l and 836 ppm B in the sandstone.
NED24-005		555557	7146279	179	272	217.9	-80° / 314°	Up to 4.14 ppm U and 320 ppm B in the sandstone.

Natural gas, NGLs and crude oil sales:	August 2025	July 2025	Q2 2025
Brazil:
Natural gas (Mcfpd), by field:
Caburé	9,513	11,120	11,811
Murucututu	3,185	1,753	1,191
Total natural gas (Mcfpd)	12,698	12,873	13,002
NGLs (bopd)	132	130	128
Oil (bopd)	9	9	3
Total (boepd) – Brazil	2,257	2,284	2,298
Canada:
Oil (bopd) – Canada	118	134	138
Total Company – boepd ⁽¹⁾	2,375	2,418	2,436

boepd =	barrels of oil equivalent ("boe") per day
bopd =	barrels of oil and/or natural gas liquids (condensate) per day
e ³ m ³ /d =	thousand cubic metre per day
m ³ =	cubic metre
m ³ /d =	cubic metre per day
Mcf =	thousand cubic feet
Mcfpd =	thousand cubic feet per day
MMcf =	million cubic feet
MMcfpd =	million cubic feet per day
NGLs =	natural gas liquids (condensate)
psi =	pounds per square inch

Forum Energy Metals and Global Uranium Announce Exploration Update on Drill Targeting, Northwest Athabasca Project, Saskatchewan