Uranium Royalty Corp. Acquires Royalty on Forum Energy Metals Aberdeen Uranium Project
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 (OTCQB: FDCFF) ha concordato la vendita di una royalty lorda sovrapposta del 2,0% sul suo Progetto Uranio Aberdeen a Uranium Royalty Corp. per 1 milione di CAD. Il Progetto Aberdeen, che copre 95.519 ettari nel Nunavut, Canada, è situato strategicamente adiacente al Progetto Kiggavik di Orano, che contiene oltre 132 milioni di libbre di U₃O₈ in risorse.
L'accordo prevede un'opzione di riacquisto che consente a Forum di riacquistare lo 0,5% della royalty per 1 milione di CAD entro sei mesi dal completamento di uno studio di prefattibilità positivo, con questo diritto che scade dopo sette anni. Le perforazioni precedenti ad Aberdeen hanno mostrato risultati promettenti, tra cui intersezioni con il 1,15% di U₃O₈ su 2,4 metri e lo 0,62% su 17,9 metri.
Forum Energy Metals (OTCQB: FDCFF) ha acordado vender una regalía bruta superpuesta del 2,0% sobre su Proyecto de Uranio Aberdeen a Uranium Royalty Corp. por 1 millón de CAD. El Proyecto Aberdeen, que abarca 95,519 hectáreas en Nunavut, Canadá, está estratégicamente ubicado junto al Proyecto Kiggavik de Orano, que contiene más de 132 millones de libras de U₃O₈ en recursos.
El acuerdo incluye una opción de recompra que permite a Forum readquirir el 0,5% de la regalía por 1 millón de CAD dentro de los seis meses posteriores a un estudio de prefactibilidad exitoso, con este derecho que expira después de siete años. Los sondeos previos en Aberdeen han mostrado resultados prometedores, incluyendo intersecciones de 1,15% de U₃O₈ sobre 2,4 metros y 0,62% sobre 17,9 metros.
Forum Energy Metals (OTCQB: FDCFF)는 자사의 애버딘 우라늄 프로젝트에 대해 총 2.0%의 중첩 총수익 로열티를 Uranium Royalty Corp.에 CAD 100만 달러에 판매하기로 합의했습니다. 애버딘 프로젝트는 캐나다 누나부트에 위치한 95,519헥타르의 부지로, 1억 3,200만 파운드 이상의 U₃O₈ 자원이 있는 Orano의 Kiggavik 프로젝트 인근에 전략적으로 자리잡고 있습니다.
이번 거래에는 성공적인 예비 타당성 조사 완료 후 6개월 이내에 CAD 100만 달러로 로열티 0.5%를 재매입할 수 있는 옵션이 포함되어 있으며, 이 권리는 7년 후 만료됩니다. 이전 애버딘 시추 결과는 2.4미터 구간에서 1.15% U₃O₈, 17.9미터 구간에서 0.62% U₃O₈의 유망한 교차 구간을 보여주었습니다.
Forum Energy Metals (OTCQB : FDCFF) a accepté de vendre une redevance brute de 2,0% sur son projet d'uranium Aberdeen à Uranium Royalty Corp. pour 1 million de dollars canadiens. Le projet Aberdeen, couvrant 95 519 hectares au Nunavut, Canada, est stratégiquement situé à côté du projet Kiggavik d'Orano, qui contient plus de 132 millions de livres d'U₃O₈ en ressources.
L'accord inclut une option de rachat permettant à Forum de racheter 0,5% de la redevance pour 1 million de dollars canadiens dans les six mois suivant une étude de préfaisabilité réussie, ce droit expirant après sept ans. Les forages antérieurs à Aberdeen ont montré des résultats prometteurs, notamment des intersections à 1,15% d'U₃O₈ sur 2,4 mètres et 0,62% sur 17,9 mètres.
Forum Energy Metals (OTCQB: FDCFF) hat zugestimmt, eine 2,0% Brutto-Überroylität an seinem Aberdeen Uranium-Projekt an Uranium Royalty Corp. für 1 Million CAD zu verkaufen. Das Aberdeen Projekt, das 95.519 Hektar im Nunavut, Kanada, umfasst, liegt strategisch angrenzend an Oranos Kiggavik Projekt, das über 132 Millionen Pfund U₃O₈ an Ressourcen enthält.
Der Deal beinhaltet eine Rückkaufoption, die Forum erlaubt, 0,5% der Royalty für 1 Million CAD innerhalb von sechs Monaten nach einer erfolgreichen Vorstudie zurückzukaufen, wobei dieses Recht nach sieben Jahren verfällt. Frühere Bohrungen in Aberdeen zeigten vielversprechende Ergebnisse, darunter Abschnitte mit 1,15% U₃O₈ über 2,4 Meter und 0,62% über 17,9 Meter.
- Strategic location adjacent to Kiggavik Project with 132M pounds of U₃O₈ resources
- CAD$1M immediate cash injection for Forum Energy
- High-grade uranium drilling results demonstrated (up to 1.15% U₃O₈)
- Forum retains buyback option for portion of royalty
- Potential future revenue reduction due to 2% royalty obligation
- Buyback option limited to 6 months post pre-feasibility study
- Project still in early exploration stage
Vancouver, British Columbia--(Newsfile Corp. - May 27, 2025) - Forum Energy Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) (the "Company" or "Forum") is pleased to announce that it has entered into an agreement to sell a new royalty on its
Highlights:
2.0% Gross Overriding Royalty Acquired for CAD$1 Million : URC will acquire the royalty for a cash payment of CAD$1,000,000 t o Forum at closing, which is scheduled to occur by the end of May 2025. Forum retains the right to repurchase0.5% for CAD$1,000,000 within six months of a successful pre-feasibility study; this right expires seven years after issuance.Strategic Location: Aberdeen is directly adjacent to the west of the Orano-operated Kiggavik Project, which hosts over 132 million pounds of U₃O₈ in Indicated and Inferred Resources, making it one of the largest undeveloped uranium projects globally. (1)
Highly Prospective Ground: Aberdeen covers more than 95,000 hectares in the underexplored Thelon Basin-Canada's emerging analogue to the Athabasca Basin in Saskatchewan. Drilling to date has returned high-grade results, including:
1.15% U₃O₈ over 2.4 metres0.62% over 17.9 metres0.11% U₃O₈ over 35.3 metres (2)
(1) Based on Orano's Annual Activity Report for the year ended December 31, 2024, available on Orano's website.
(2) See Forum news release titled, "Forum Drilling Extends Uranium Mineralization at the Tatiggaq Deposit, Aberdeen Uranium Project, Nunavut", issued on November 26, 2024, and available under Forum's profile on SEDAR+.
The Aberdeen Project
The Project is an Exploration stage project located on the northeast edge of the Thelon Basin in Nunavut Territory, approximately 100 km west of the Hamlet of Baker Lake. The Project is wholly owned and operated by Forum. The Project covers approximately 95,519 hectares and is located directly adjacent to the west of the Orano operated Kiggavik advanced uranium project.
The Aberdeen Royalty
The Royalty consists of a
About Uranium Royalty Corp.
Uranium Royalty Corp. is the world's only publicly traded uranium-focused royalty and streaming company. URC provides investors with uranium commodity price exposure through strategic acquisitions in uranium interests, including royalties, streams, debt and equity in uranium companies, as well as through holdings of physical uranium. The Company is well positioned as a capital provider to an industry needing massive investments in global productive capacity to meet the growing need for uranium as fuel for carbon-free nuclear energy. URC has deep industry knowledge and expertise to identify and evaluate investment opportunities in the uranium industry. The Company's management and the Board include individuals with decades of combined experience in the uranium and nuclear energy sectors, including specific expertise in mine finance, project identification and evaluation, mine development and uranium sales and trading.
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
Richard J. Mazur, P.Geo.
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:
Rick Mazur, P.Geo., President & CEO
mazur@forumenergymetals.com
Tel: 604-630-1585
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/253465
FAQ
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