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  • Forum Energy Metals Corp. (FMC) has closed its non-brokered private placement and raised an additional $668,005
  • The company issued 5,138,500 flow-through units at a price of $0.13 per unit
  • The company intends to use the proceeds for drilling at its 100-per-cent-owned Wollaston uranium project in the northeast Athabasca Basin, Saskatchewan
  • Forum Energy Metals Corp. is a diversified energy metal company with uranium, copper, nickel, and cobalt projects
  • Forum Energy Metals Corp. opened trading at $0.105

Forum Energy Metals Corp. (FMC) has closed its non-brokered private placement and raised an additional $668,005.

The company issued 5,138,500 flow-through units at a price of $0.13 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 $0.17 for up to two years expiring December 21, 2024. On the whole, Forum has raised $2,166,305.18 and issued 16,663,886 units of this financing.

The company intends to use the proceeds for drilling at its 100-per-cent-owned Wollaston uranium project in the northeast Athabasca Basin, Saskatchewan and further exploration of the Company’s uranium, copper, nickel and cobalt projects in Saskatchewan and Nunavut.

Forum Energy Metals Corp. is a diversified energy metal company with uranium, copper, nickel, and cobalt projects in Saskatchewan, a strategic uranium land position in Nunavut and a strategic cobalt land position in the Idaho Cobalt Belt.

Forum Energy Metals Corp. opened trading at $0.105.


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