Forum Energy Stock Price, News & Analysis

Baselode Energy (OTCQB: BSENF) and Forum Energy Metals have commenced drilling operations at their Aberdeen Project. The exploration program includes 18-25 planned drill holes totaling up to 7,000 meters across 10 high-priority target areas.

The initial focus will be on the Loki and Bjorn target areas. The Loki Grid has shown promising indicators with elevated uranium levels (30x background) and strong clay alteration in the Thelon sandstone. The program encompasses both sandstone-covered targets for traditional unconformity exploration and basement-only targets.

Ground magnetic surveys are currently being conducted on 6-10 target areas to refine the main fault zones within the drill areas, with the exploration camp now operational for the season.

Baselode Energy (OTCQB:BSENF) and Forum Energy Metals have commenced drilling operations at their Aberdeen Project. The program includes 18-25 planned drill holes totaling up to 7,000 meters across 10 high-priority target areas. The initial focus will be on the Loki and Bjorn targets.

The Loki Grid has shown promising indicators with elevated uranium levels (30 ppm, 30x background) in the Thelon sandstone and strong clay alteration. The exploration strategy encompasses both sandstone-covered targets for traditional unconformity deposits and basement-only targets. Ground magnetic surveys are currently being conducted on 6-10 target areas to refine the main fault zones within the drill areas.

Forum Energy Metals (OTCQB: FDCFF) and Baselode Energy (TSXV: FIND) have announced the commencement of their joint exploration program at the Aberdeen Project in Nunavut. The program will feature two diamond drills targeting up to 7,000 meters across 18-25 planned drill holes.

The exploration will focus on 10 high-priority target areas, starting with the Loki and Bjorn locations. The program includes both sandstone-covered targets (traditional unconformity targets) and basement-only targets. Previous drilling at Loki in 2024 showed promising results with uranium values 30x background and substantial clay alteration. The campaign aims to demonstrate the project's uranium discovery potential by testing multiple blue-sky targets, with drilling expected to begin in July 2025.

Baselode Energy Corp. (OTCQB: BSENF) and Forum Energy Metals Corp. have announced the commencement of their joint exploration program at the Aberdeen Project in Nunavut. The program includes a 2-drill diamond drill campaign set to begin in July 2025, with plans to complete 18-25 drill holes totaling up to 7,000 meters.

The exploration will focus on 10 high-priority target areas, including both sandstone-covered and basement-only targets. Initial drilling will concentrate on the Loki and Bjorn areas, with Loki showing promising results from 2024 drilling, including uranium values 30x background. The program aims to demonstrate the project's uranium discovery potential through testing multiple blue-sky targets, particularly focusing on strong gravity anomalies along prospective fault trends.

Baselode Energy (TSXV: FIND) and Forum Energy Metals (OTCQB: FDCFF) have announced a merger to form Geiger Energy Corporation through an at-market business combination. Under the agreement, Forum shareholders will receive 0.3535 Baselode shares for each Forum share, with existing Baselode and Forum shareholders owning approximately 55% and 45% of the combined company respectively.

The merger creates one of Canada's largest uranium exploration portfolios, with flagship projects in the Thelon and Athabasca basins. Dr. Rebecca Hunter will serve as CEO of the combined entity, which will have a total of 243,796,664 common shares outstanding. The transaction is expected to close following shareholder approval in August 2025.

Forum Energy Metals (FDCFF) has signed an Exploration Agreement with Ya'thi Néné Land and Resource Office for the Northwest Athabasca Project in Saskatchewan's northern Athabasca Basin. The agreement involves collaboration with Athabasca Denesuliné First Nations of Hatchet Lake, Black Lake, and Fond du Lac, along with several northern settlements. The partnership focuses on responsible mineral exploration while respecting Indigenous rights and environmental protection. Key components include established processes for communication, environmental stewardship, and community engagement. The agreement provides training, employment, and contracting opportunities for Athabasca residents, plus financial support for local community initiatives. This collaboration represents a significant step toward integrating Indigenous values with industry operations in the Athabasca region.

Forum Energy Metals Corp. (FDCFF) has successfully completed the sale of a 2% gross overriding royalty on its Aberdeen uranium project in Nunavut to Uranium Royalty Corp. The transaction, previously announced on May 27, 2025, closed for CAD$1,000,000 in cash. The company plans to utilize the proceeds to further develop the Aberdeen Project and for general working capital purposes. This deal represents a strategic move to monetize a portion of the project's future revenue potential while securing immediate funding for development activities.

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.