Forum Energy Metals Corp V.FMC

Alternate Symbol(s): FDCFF

Energy

Forum Energy Metals Corp. is a Canada-based company, which is focused on the discovery of high-grade unconformity-related uranium deposits in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut. The Company is engaged in the business of evaluating, and if deemed appropriate, acquiring and exploring natural resource properties. The Company’s projects include Aberdeen, Fir Island, Clearwater, Costigan, Nutaaq, Grease River, Henday, Highrock, Maurice Point, NW Athabasca, Wollaston, Fisher, Janice Lake, Love Lake, Quartz Gulch, and Still Nickel. It holds a 100% interest in 95,519 hectares of ground adjacent to Orano’s 133-million-pound Kiggavik uranium deposit located 100 kilometers (km) west of Baker Lake, Nunavut. Fir Island is located approximately five km northeast of the community of Black Lake, on the northeast edge of the Athabasca Basin. The Clearwater Project is located on the southwestern edge of the Athabasca Basin in northern Saskatchewan.

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Forum Energy Metals Corp > #Cameco discovered 2 uranium deposits. ForumEnergyMC owns t

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Comment by touaregon May 09, 2023 10:53am

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Post# 35438459

RE:RE:#Cameco discovered 2 uranium deposits. ForumEnergyMC owns t

KnaveofDiamonds wrote: Question would be why did Cameco, a uranium producer, walk from the properties if they are so enriched with uranium?

The real question is: why would Dr. Rebecca Hunter who after 11 years working for Cameco and leading the exploration in Nunavit, leave Cameco and come to work for Forum?
As I understand it Cameco are not in the business of exploration and their reason for selling the Nunavit property was the extreme low prices for so many years did not justify further exploration and they have other larger fish to fry.
The current extreme low in the share price is imo because of the PP and is a serious bargain not to be missed. Once the PP is closed I expect we will see an increase in s/p.
That said I cant say I am very impressed with the timing of the current PP. I know they want to get on with the work in Nunavit but I also believe we are on the cusp of much higher prices for U308 and U stocks.
Load up and sit tight boys and girls.

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