Base Metals

Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum" or "the Company") is pleased to announce the appointment of Janet Meiklejohn, CPA (CA), MBA to the board of directors effective December 15, 2021. Ms. Meiklejohn is the principal of Emerald Capital, a consulting company providing CFO, strategic, valuation, corporate governance and marketing services to high growth companies. She was formerly VP Institutional Equity Sales focused on the mining sector with numerous Canadian investment banks including Desjardins Securities, National Bank, Salman Partners and Macquarie Capital from 1997 to 2015. Janet grew up in Saskatchewan and has a close personal interest in the development of the uranium industry in the province. Ms. Meiklejohn is currently the Vice President Finance and Investor Relations with the Very Good Food Company, a leading plant-based food technology company, listed on the TSX-V.

Rick Mazur, President & CEO, stated, "Janet has built up her relationships with a network of North American institutional, high net worth and venture capital investors over a twenty-five year career in the capital markets. As Forum's exploration projects advance, and strategic alternatives are examined, Janet will bring her insight to the growth of the Company. "

The Company also announces that, in accordance with the Company's stock option plan, it has granted to certain of its directors, officers, employees and consultants incentive stock options to purchase up to an aggregate of 4,500,000 common shares exercisable on or before December 16, 2026 at a price of $0.17 per share.

About Forum Energy Metals

Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) is a diversified energy metal company with uranium, copper, nickel, cobalt and palladium projects in Saskatchewan, Canada's Number One Rated mining province for exploration and development 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:

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/107790

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Forum Energy Metals

Forum Energy Metals


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Forum Commences Resistivity Survey on the Fir Island Uranium Option with Orano Canada

Forum Commences Resistivity Survey on the Fir Island Uranium Option with Orano Canada

Forum Energy Metals Corp. (TSXV: FMC) ("Forum" or "Company") is pleased to announce that an extensive resistivity survey has commenced on the Fir Island Uranium project under option to Orano Canada Inc. Orano is funding this $495,000 survey as part of its option to earn up to 70% of the Fir Island project by spending up to $6 million. Orano has funded two drill programs with Forum as Operator and upon completion of this program, Orano will have spent $3 million on the project to earn a 51% interest.

Drilling by Forum in 2020 and 2021 identified the 'Cathy Fault' that exhibits strong alteration, elevated geochemical indicators, and an abundance of dravite; a boron-rich clay that is present around most uranium deposits on the eastern side of the Athabasca Basin. A resistivity survey was completed on the project in 2019 and has proven to be an excellent tool for defining areas of alteration in the sandstone and basement lithologies. Resistivity lows typically indicate alteration and has worked well on the Fir Island project locating the strong alteration associated with the Cathy Fault. The current survey follows the northern strike extension of the Cathy Fault, locally defined by an EM conductor and a series of gravity lows (Figure 1). The gravity lows and conductor continue to the mainland where they intersect the major Black Lake Fault and a series of related large gravity lows. This survey should define a number of excellent drill targets for future programs.

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Forum Intersects Uranium Mineralization at the Wollaston Project, Athabasca Basin, Saskatchewan

Forum Intersects Uranium Mineralization at the Wollaston Project, Athabasca Basin, Saskatchewan

Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum" or "the Company") is pleased to announce that it has completed drilling eight holes for 2,062 metres on its 100% owned Wollaston Uranium Project, located 10km southeast of Cameco's Rabbit Lake mill and 30km southeast of OranoDenison's McClean Lake mill (Figure 1).

HIGHLIGHTS

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Forum Drilling Intersects 13.5 Metres Grading 0.56% Copper, 0.06% Nickel, 5 ppb Platinum and 14 ppb Palladium at the Love Lake Nickel - Copper - Palladium Project, Saskatchewan

Forum Drilling Intersects 13.5 Metres Grading 0.56% Copper, 0.06% Nickel, 5 ppb Platinum and 14 ppb Palladium at the Love Lake Nickel - Copper - Palladium Project, Saskatchewan

Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) is pleased to announce drill results at its 100% owned Love Lake Nickel-Copper-Palladium project in north-eastern Saskatchewan. The Love Lake layered mafic complex is located approximately 100 kilometre east of Cameco's Key lake uranium mill along Highway 905 to the Rabbit Lake McClean Lake uranium mills (Figure 1). Forum completed twelve holes for a total of 2,844 metres on three targets - Korvin Lake, Korvin Creek and What Lake.

HIGHLIGHTS

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Forum to Advance Its Nunavut Uranium Project; Appoints Technical Team and Commences Permitting Process

Forum to Advance Its Nunavut Uranium Project; Appoints Technical Team and Commences Permitting Process

Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum" or "the Company") is pleased to announce that it has engaged former Cameco Project Geologist, Rebecca Hunter, former Cameco Logistics Manager, Leon Davis and Denise Lockett, Permitting and Engagement as consultants to Forum's Nunavut Uranium Project.

Rick Mazur, President & CEO, stated, "Rebecca was instrumental in the exciting early days of the Tatiggaq and Qavvik discoveries and brings a wealth of geological knowledge to Forum. Leon lived and worked in Nunavut for eight years and understands the unique operating conditions of the project. Denise has been working with Nunavut regulators and communities for over twenty five years. Our Team is committed to the successful discovery of a Tier One uranium deposit next door to Orano's Kiggavik Development Project."

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Forum Commences Drilling at Wollaston Uranium Project, Athabasca Basin, Saskatchewan

Forum Commences Drilling at Wollaston Uranium Project, Athabasca Basin, Saskatchewan

Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum" or "the Company") is pleased to announce that it has commenced drilling on its 100% owned Wollaston Uranium Project, located 10km southeast of Cameco's Rabbit Lake mill and 30km southeast of OranoDenison's McClean Lake mill (Figure 1).

Ken Wheatley, Forum's Vice President, Exploration, stated, "The northeastern area of the Athabasca Basin is the home to numerous uranium deposits. Since the original discovery of the Rabbit Lake mine in 1968, the McClean, Sue, Collins Bay and Eagle Point deposits have been mined, and the Midwest, Midwest A and Roughrider deposits are waiting for future development. The presence of two uranium processing mills within driving distance of the project adds immensely to the value of the project."

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Turquoise Hill Announces Amendment to Comprehensive Financing Arrangement with Rio Tinto

Turquoise Hill Resources Ltd. (TSX: TRQ) (NYSE: TRQ) ("Turquoise Hill" or the "Company") today announced that the Company and Rio Tinto International Holdings Limited ("Rio Tinto") have agreed to amend the comprehensive funding arrangement to, among other things, provide interim debt funding from Rio Tinto to address the Company's near-term estimated funding requirements and to extend the date by which Turquoise Hill is required to raise additional equity capital.

On March 14, 2022, Rio Tinto announced a non-binding proposal to acquire the approximately 49% of the outstanding shares of Turquoise Hill held by the Company's minority shareholders for cash consideration of C$34.00 per share (the "Proposal"). In response to the Proposal, the Board of Directors of the Company formed a special committee of independent directors (the "Special Committee") to review and consider the Proposal. The mandate of the Special Committee includes responsibility for considering the Company's liquidity needs and financing options pending the Company's consideration of the Proposal.

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Trailbreaker Resources Ltd

Trailbreaker Resources Acquires the Eagle Lake Property in South-Central BC, Adjacent to Woodjam Copper

Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce the acquisition of the Eagle Lake property in south-central BC (British Columbia). The property was acquired through a combination of staking and a sale agreement with Teck Resources Limited (“Teck”) on their Takomkane property.

Eagle Lake Location Map (See high resolution version)

Highlights of the new Eagle Lake property

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Copper Pathway to 2030 Webinar Hosted by RFC Ambrian and Stonegate Capital Partners

Copper is one of the key commodities that will enable the global energy transition to move the world to a zero-carbon future.

To view the full announcement, including downloadable images, bios, and more, click here.

Key Takeaways:

  • Copper is one of the key commodities that will enable the global energy transition to move the world to a zero-carbon future
  • Copper industry faces a range of challenges over the coming decade to meet anticipated demand
  • Copper Pathway to 2030 is bringing together four of the leading industry players who will be providing solutions

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/7294/124539_final%20logo%20051622_550.jpg

Click image above to view full announcement.

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Atico Mining

Atico Reports Consolidated Financial Results for First Quarter of 2022

(All amounts expressed in US dollars, unless otherwise stated)

Atico Mining Corporation (the "Company" or "Atico") (TSX.V: ATY | OTC: ATCMF) today announced its financial results for the three months ended March 31, 2022, posting income from mining operations of $9.1 million and a net income of $3.9 million. Production for the period at Atico's El Roble mine totaled 4.7 million pounds ("lbs") of copper and 2,636 ounces ("oz") of gold in concentrate at a cash cost (1) of $1.29 per payable pound of copper (2) .

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Merida Minerals Inc

Merida Minerals Holdings Inc. Announces Re-Assay Results from Its Puebla de la Reina Property in Spain

Merida Minerals Holdings Inc. (TSXV: ESPN) ("Merida" or "the Company") is pleased to announce the results of initial core samples that have been re assayed from its Las Herrerais property, located near the village of Puebla de la Reina in Extremadura, Spain. The samples were procured from the secured facility that is controlled by the Geological and Mining Institute of Spain (Instituto Geologico y Minero de Espana or "IGME") located in Pennaroya, Extremadura. The core represents drilling carried out by IGME and Outukumpu on the Las Herreiras property previously.

The historical drilling was first carried out by IGME, which drilled 1,732.90 metres between 1984 and 1987.
IGME calculated a resource of 300,000 tonnes with grades of 1.6% Cu., 11% Zn., 1.2% Pb and 32 g/t Agi.

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