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Bullboard - Stock Discussion Forum Forum Energy Metals Corp V.FMC

Alternate Symbol(s):  FDCFF

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... see more

TSXV:FMC - Post Discussion

Forum Energy Metals Corp > fmc.v Drilling result video conference june 9,2021
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Post by newbie2099 on Jun 10, 2021 1:04am

fmc.v Drilling result video conference june 9,2021

Forum Energy Metals - June 09, 2021 Janice Lake Copper SK Drill Results Results Call [JEMINI]

https://www.youtube.com/watch?v=SuenX6tLiy0
Comment by KnaveofDiamonds on Jun 10, 2021 2:03pm
I have a question for the bullboard regarding this presentation.  It was stated that Rio had spent 3.7 million previous to 2020 and then in 2020/2021 had spent approximately 8 million.  That gives a total of 11.7 million worth of expenditures.   New Release May 19 2019 stated "RTEC has been granted a four year option to acquire a 51% interest in the Janice Lake Project by ...more  
Comment by KnaveofDiamonds on Jun 10, 2021 2:38pm
Let us take this a step further... Yes!!! Rio has formed a 51/49 Joint Venture with Forum and now wants to proceed to earning 80%... So they are now the majority owner of a Joint Venture and can make cash calls to Forum to fund their further quest to 30 million expenditure stated here. "RTEC has a second option to earn a further 29% interest (total 80% interest) by spending a further $20 ...more