Forum Energy Stock Price, News & Analysis

Forum Energy Metals Corp. announces significant leadership changes with Dr. Rebecca Hunter appointed as President, CEO, and Director effective June 1, 2025. Former CEO Richard Mazur transitions to Chairman of the Board after twenty years of leadership. Dr. Hunter, previously VP of Exploration, brings extensive uranium exploration expertise, notably leading Cameco's Turqavik-Aberdeen project where significant uranium deposits were discovered. The company also welcomes Mr. Allan Fabbro, a 30-year capital markets veteran, to the Board of Directors, while founders Anthony Balme and Michael Steeves retire. The company has granted 1,400,000 stock options to employees and consultants, exercisable until June 2, 2030 at $0.055 per share.

Uranium Royalty Corp (NASDAQ: UROY) has agreed to acquire a 2.0% gross overriding royalty on Forum Energy Metals' Aberdeen Uranium Project in Nunavut, Canada for CAD$1 million. The transaction, funded from cash reserves, is set to close by May 2025. The Aberdeen Project, spanning 95,519 hectares, is strategically located adjacent to Orano's Kiggavik Project, which contains over 132 million pounds of U₃O₈. Previous drilling has yielded promising results, including grades up to 1.15% U₃O₈. Forum retains a buyback option for 0.5% of the royalty at CAD$1 million within six months of a successful pre-feasibility study, with this right expiring after seven years.

Forum Energy Metals (OTCQB: FDCFF) has agreed to sell a 2.0% gross overriding royalty on its Aberdeen Uranium Project to Uranium Royalty Corp. for CAD$1 million. The Aberdeen Project, covering 95,519 hectares in Nunavut, Canada, is strategically located adjacent to Orano's Kiggavik Project, which contains over 132 million pounds of U₃O₈ in resources.

The deal includes a buyback option allowing Forum to repurchase 0.5% of the royalty for CAD$1 million within six months of a successful pre-feasibility study, with this right expiring after seven years. Previous drilling at Aberdeen has shown promising results, including intersections of 1.15% U₃O₈ over 2.4 metres and 0.62% over 17.9 metres.

Forum Energy Metals (FDCFF) and Global Uranium have completed their winter exploration program at the Northwest Athabasca Project in Saskatchewan. The program included 656 metres of diamond drilling across Zone 2A and Rosie areas, plus ground geophysical surveys at Spring Bay.

Key highlights include:

• Elevated radioactivity (170-300 cps) discovered in Zone 2A drill holes
• Bleached sandstone and radioactivity up to 120 cps found at Rosie
• Major conductor identified at Spring Bay through geophysical surveys

The project, located 75 km west of Uranium City, spans 13,876 hectares across 11 mineral claims. Global Uranium can earn 51% interest by spending $9M over four years. Despite logistical challenges, including building a new camp and creating a 70 km ice-road, the program successfully identified uranium mineralization potential, with elevated radioactivity in 3 of 4 drill holes.

Forum Energy Metals (FDCFF) and Global Uranium have initiated diamond drilling and ground geophysical surveys at the Northwest Athabasca Project in Saskatchewan, Canada. The project commenced on March 19, 2025, with drilling focusing on the Zone 2A and Andy grid areas.

Key developments include:

• Ground Time Domain Electromagnetic and Direct Current Induced Polarization surveys began March 2 at Spring Bay grid
• Global Uranium can earn 51% interest by investing $9M over four years
• Camp construction completed in February with supplies delivered via fixed-wing aircraft and ice road from Uranium City
• Team Drilling contracted for the diamond drilling program

The Northwest Athabasca Project spans 13,876 ha across 11 contiguous mineral claims, located 75 km east of Uranium City and 1,000 km north-northwest of Saskatoon. The project emphasizes ongoing collaboration with local communities and First Nations.

Forum Energy Metals (TSXV: FMC) (OTCQB: FDCFF) has announced its participation in the PDAC Convention at the Metro Toronto Convention Centre, Booth 2825, from March 2-5, 2025. The company's leadership team, including CEO Rick Mazur and VP Exploration Dr. Rebecca Hunter, will be present to discuss recent drill results from the Aberdeen Uranium project in Nunavut and outline the upcoming 2025 exploration program.

The company's Nunavut Affairs team, including VP Allison Rippon-Armstrong and Manager Richard Aksawnee, will be available to discuss community relations programs and regional events. Forum Energy Metals is focusing on exploration in the Thelon Basin, Nunavut, which they believe has potential for Tier One uranium deposits comparable to Saskatchewan's Athabasca Basin. The company maintains a portfolio of uranium and energy metals projects across Saskatchewan, Nunavut, and Idaho.

Forum Energy Metals (FDCFF) announced significant drill results from its Thelon Basin project, marking the first evidence of major unconformity-style uranium mineralization at the sandstone/basement contact. Key findings include elevated uranium values up to 72.8 ppm in sandstone and 323 ppm in basement at shallow open-pit depths of 30-165 meters.

The drilling program focused on three grids: Ayra, Loki, and Ned. The Ayra and Loki grids showed promising results with strong clay alteration and elevated uranium values. At Ayra, drill hole AYA24-011B revealed significant uranium concentrations, while the Loki grid's LOK24-003 showed the most intense clay alteration ever observed in the Thelon Formation sandstone.

The project is located adjacent to Orano's Kiggavik uranium deposit, which contains 127 million pounds of indicated mineral resources. These results suggest potential for Tier One uranium deposits similar to those in the Athabasca Basin, with additional diamond drilling planned for 2025.

Forum Energy Metals (FDCFF) and Global Uranium have announced the start of camp construction at the Northwest Athabasca Project in Saskatchewan. The companies plan to conduct Time Domain Electromagnetic (TDEM) and Direct Current Resistivity and Induced Polarization (DCIP) surveys at the Spring Bay target in March 2025.

A 20-person camp will be established on the west side of Maurice Bay, with materials being transported via fixed-wing aircraft and ice road from Uranium City. The Spring Bay target features a 4 km long gravity low anomaly with historical drill holes showing elevated uranium and clay alteration.

The Northwest Athabasca Project spans 13,876 ha across 11 contiguous mineral claims and includes the Maurice Bay Showing, which contains a historical resource estimate of 1.5 million lbs at 0.6% U3O8. Global Uranium has an option to earn 51% interest in Forum's stake by spending up to $9M over four years, with Forum serving as the project operator.

Forum Energy Metals and Global Uranium have initiated exploration at the Northwest Athabasca Project in Saskatchewan's Athabasca Basin. The project, located along Lake Athabasca's northwest shore, will commence diamond drilling by March, targeting 2,000 to 3,000 meters at various sites including Andy, Zone 2A, and Opie.

Global Uranium has entered an option agreement with Forum to acquire up to 75% interest by investing $20 million in exploration. The project involves a joint venture with Forum, Cameco , and Orano Canada Inc. The project area spans 11 contiguous mineral claims covering 13,876 ha, with historical exploration dating back to the 1970s. A historical resource estimate at Maurice Bay Showing documented 1.5 million lbs at 0.6% U3O8, though this estimate isn't compliant with current NI 43-101 standards.