copper investing forum

Forum Closes First Tranche of Private Placement

Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum" or the "Company") announces that it has closed the first tranche of its non-brokered private placement announced on June 24, 2021. The Company raised $500,000 through the issuance of 1,111,112 flow through units priced at $0.45 per unit. Each unit consists of one flow through common share and one-half of one share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at a price of $0.57 for up to two years expiring June 29, 2023.

The Company paid $35,000 and issued 77,778 finder warrants. The finder warrants are priced at $0.45 for a term of 2 years expiring June 29, 2023.

All securities issued are subject to a four month hold period expiring October 30, 2021.

Proceeds will be used 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/89075

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

Copper pipes background with "5 Top Australian Mining Stocks This Week" text overlay.

Top 5 Australian Mining Stocks This Week: Bougainville Copper Soars on Panguna Update

Welcome to the Investing News Network's weekly round-up of the top-performing mining stocks listed on the ASX, starting with news in Australia's resource sector.Companies focused on critical minerals copper, cobalt, antimony and rubidium form this week’s top performers, showing an alignment with... Keep Reading...
African Discovery Group

AFDG via Butembo Acquisition Becomes First US Public Company in the Democratic Republic of the Congo (DRC)

The Governments of the United States and the Democratic Republic of the Congo (DRC) co-hosted the U.S.–DRC Economic and Investment Forum in Washington, D.C. The two-day event convened senior officials from both governments, institutional investors, representatives of major development finance... Keep Reading...
Domestic Metals Clarifies First-Tranche Financing Close

Domestic Metals Clarifies First-Tranche Financing Close

Domestic Metals Corp. (the "Company" or "Domestic") - (TSXV: DMCU; OTCQB: DMCUF; FSE: 03E) reports further to their news release dated October 9, 2025 announcing the closing of a first tranche of the LIFE Offering (the "Offering") issuing an aggregate 4,695,715 units of the Company ("Units") at... Keep Reading...
Empire Metals

Empire Metals Limited - MRE Confirms World Dominant Titanium Discovery

Empire Metals Limited - MRE Confirms World Dominant Titanium DiscoveryEmpire Metals Limited, the AIM-quoted and OTCQX-traded exploration and development company, is pleased to report a maiden Mineral Resource Estimate ('MRE') at its Pitfield Project in Western Australia ('Pitfield' or the... Keep Reading...
Empire Metals

Empire Metals Limited - Conference Presentations & Attendance

Empire Metals Limited (LON:EEE)(OTCQX:EPMLF), the AIM-listed and OTCQX-traded resource exploration and development company, is pleased to inform investors that the Company will be attending and participating in the following upcoming events and conferences:Ignite Investment Summit Hong Kong... Keep Reading...

Latest Press Releases

Related News