Forum Energy Metals Closes Sale of Royalty on Aberdeen Uranium Project to Uranium Royalty Corp.
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.
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Rhea-AI Summary
Positive
- Secured immediate cash injection of CAD$1,000,000 to strengthen working capital
- Maintains majority ownership and operational control while monetizing future revenue stream
- Funds available for advancing the Aberdeen uranium project development
Negative
- Future revenue from Aberdeen Project will be reduced by 2% gross overriding royalty
Details
News Market Reaction – FDCFF
The recorded move for FDCFF in the trading session of this news was +8.37%.
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Vancouver, British Columbia--(Newsfile Corp. - June 5, 2025) - Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum" or the "Company") is pleased to announce that further to its news release dated May 27, 2025, it has closed its previously announced transaction with Uranium Royalty Corp. ("URC"). Pursuant to the terms of a royalty purchase agreement dated May 27, 2025, URC acquired a
About Forum Energy Metals
Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) is focused on the discovery of high-grade unconformity-related uranium deposits in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut. For further information: https://www.forumenergymetals.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Rebecca Hunter
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information contact:
Rebecca Hunter, President & CEO
hunter@forumenergymetals.com
Tel: 604-630-1585
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/254560
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