Forum Energy Stock Price, News & Analysis

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.

Forum Energy Metals and Global Uranium have completed data compilation and reprocessing of historical EM geophysical surveys for their upcoming drill program at the Northwest Athabasca (NWA) Project in Saskatchewan. Global has an option to earn 51% interest in Forum's stake by spending $9M over four years.

The project, located on Lake Athabasca's northwest shore, includes the Maurice Bay uranium showing with a historical resource estimate of 1.5 million lbs at 0.6% U3O8. The main 2025 drilling targets include Andy, Zone 2A, Opie, Gomer, and Spring Bay areas. The project consists of 11 continuous mineral claims covering 13,876 ha.

Historical exploration data from the 1970s is being integrated with Forum's past exploration from 2010 to 2014. Convolutions Geoscience is reprocessing historical ground HLEM and airborne VTEM data to enhance conductor targeting for the planned winter 2025 drill program.

Forum Energy Metals (FDCFF) announced significant drill results from its Qavvik anomaly at the Aberdeen Project, revealing a 296-metre-wide zone of uranium mineralization with grades up to 8.2% U3O8. The program's highlights include multiple high-grade intercepts, with over 20 assays exceeding 1% U3O8.

Key findings from drill hole QAV24-001 include 1.49% U3O8 over 3.30m, with a maximum of 8.17% U3O8 over 0.5m. QAV24-002 showed 0.40% U3O8 over 3.5m, including 1.69% U3O8 over 0.6m. The mineralization remains open to the northeast and southwest, demonstrating potential for open-pit mining.

The Aberdeen Project spans approximately 95,000 hectares in the Thelon Basin, located 100km west of Baker Lake. The Qavvik anomaly represents Forum's second deposit on the project, situated 15km west of the Tatiggaq deposit.

Forum Energy Metals (TSXV: FMC) (OTCQB: FDCFF) has announced its participation in the AMEBC Roundup Conference at the Vancouver Convention Center East. The company's exploration team will showcase drill core from their 2024 Aberdeen Uranium Project drilling program at booth #920 in the Core Shack on January 22-23.

Dr. Rebecca Hunter, Vice President of Exploration, will present in the Critical and Base Metals Session on January 21 at 3:15pm. The company reports successful expansion of two basement-hosted uranium discoveries at Tatiggaq and Qavvik, along with exploration of unconformity contact-type deposits at the Ned, Ayra and Loki targets in the Thelon Basin, Nunavut.

CEO Rick Mazur expressed confidence in the emergence of a generational uranium mining district in Nunavut. The company welcomes technical meetings and partnering inquiries regarding their uranium and energy metals projects in Saskatchewan, Nunavut and Idaho.