forum energy metals

Forum Announces Upsize of Non-Brokered Private Placement of up to C$3.5 Million

Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum" or the "Company") is pleased to announce that, further to its news release of earlier today, due to significant investor demand, the Company has increased the size of its non-brokered private placement (the "Offering") from C$2.5 million to up to C$3.5 million. Under the increased Offering, the Company will sell up to 7,777,777 flow-through units of the Company (the "FT Units") at a price of C$0.45 per FT Unit for gross proceeds to the Company of up to C$3,000,000 (the "Offering"). Red Cloud Securities Inc. is acting as a finder in connection with a majority of the Offering.

The use of proceeds are for further exploration of the Company's uranium, copper, nickel and palladium projects in Saskatchewan.

About Forum Energy Metals

Forum Energy Metals Corp. (TSXV: FMC) has three 100% owned energy metal projects being drilled in 2021 by the Company and its major mining company partners, Rio Tinto and Orano, for copper/silver, uranium and nickel/platinum/palladium in Saskatchewan, Canada's Number One Rated mining province for exploration and development. In addition, Forum has a portfolio of seven drill ready uranium projects and a strategic land position in the Idaho Cobalt Belt. For further information: www.forumenergymetals.com

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:

NORTH AMERICA

Rick Mazur, P.Geo., President & CEO
mazur@forumenergymetals.com
Tel: 778-772-3100

UNITED KINGDOM

Burns Singh Tennent-Bhohi, Director
burnsstb@forumenergymetals.com
Tel: 074-0316-3185

Not for distribution to United States Newswire Services or for dissemination in the United States

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/88588

News Provided by Newsfile via QuoteMedia

The Conversation (0)
Forum Energy Metals

Forum Energy Metals

Exploring Canada’s Athabasca and Thelon Basins for high-grade uranium

Exploring Canada’s Athabasca and Thelon Basins for high-grade uranium Keep Reading...
Aterian Plc (LSE:ATN)

Commencement of Work at KCB, Botswana

Aterian plc (LSE: ATN), the critical minerals exploration and development company, is pleased to announce the commencement of a soil geochemical programme over its licence PL2622/2023 ("Project") within the Kalahari Copperbelt ("KCB") located in the northwestern region of the Republic of... Keep Reading...
Phone displaying Wheaton Precious Metals website with gold bars on screen; logo and text in background.

KGL Secures US$300 Million Streaming Deal with Wheaton for Jervois Project

KGL Resources (ASX:KGL,OTCPL:KGLLF) has entered into a US$300 million precious metals purchase agreement with royalty and streaming company Wheaton Precious Metals (TSX:WPM,NYSE:WPM). The move will help fund the development of KGL's Jervois copper project in the Northern Territory.The agreement,... Keep Reading...
Argentinian flag with sun emblem waves on a white pole against a clear blue sky.

McEwen Copper Taps Lenders, US Federal Agencies for US$4 Billion Argentine Mine

McEwen Copper, a subsidiary of McEwen Mining (TSX:MUX,NYSE:MUX), is in negotiations with global lenders and United States federal agencies to secure US$4 billion for its Los Azules project in Argentina.The developer is targeting a capital structure comprising 30 to 40 percent equity, with debt... Keep Reading...
Aterian Plc (LSE:ATN)

Q1 2026 Rwanda Trading Update

Aterian plc (LSE: ATN), the critical minerals exploration and development company, is pleased to provide an update on its Rwandan mineral trading operations for the first quarter ended 31 March 2026.The Company continued to deliver strong growth in its trading activities during the period,... Keep Reading...

Interactive Chart

Latest Press Releases

Related News