- Forum Energy Metals (TSXV:FMC) has announced a non-brokered private placement of up to $3,000,000
- Forum intends to use the proceeds to conduct a 2,000 metre drill program on its Nunavut Uranium Project in July, 2023
- It also plans to use part of the proceeds for the mobilization of equipment and supplies in preparation for a 2024 drill program
- Forum Energy is a Canadian-based diversified energy metal company
- Forum Energy Metals Corp. (TSXV:FMC) stocks opened trading at C$0.085 per share
Forum Energy Metals (TSXV:FMC) has announced a non-brokered private placement of up to $3,000,000.
The company plans to issue up to 22,222,222 flow through shares at $0.135 per FT Share. Forum intends to use the proceeds to conduct a 2,000 metre drill program on its Nunavut Uranium Project in July, 2023. It also plans to use part of the proceeds for the mobilization of equipment and supplies in preparation for a 2024 drill program.
Forum holds a 100 per cent interest in 95,000 hectares of highly prospective ground for high grade, unconformity-style uranium deposits in the Thelon Basin. It is a geological analogue to the Athabasca Basin in Saskatchewan.
The private placement is subject to approval by the TSX Venture Exchange. All FT Shares issued will be subject to a four-month statutory hold period.
About Forum Energy Metals
Forum Energy Metals (TSXV:FMC) is a Canadian-based diversified energy metal company. It focuses on the acquisition, exploration, and development of energy metals with projects in Saskatchewan, Canada.
Forum Energy Metals Corp. (TSXV:FMC) opened trading at C$0.085 per share.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.