- Forum Energy Metals (FMC) has increased the size of its non-brokered private placement from C$2.5 million to up to C$3.5 million
- Forum Energy will sell up to 7,777,777 flow-through units at a price of C$0.45 per unit for gross proceeds of up to C$3,000,000
- Proceeds will be used to fund further exploration of the company’s uranium, copper, nickel and palladium projects in Saskatchewan
- Forum Energy Metals is a Canadian-based mineral resource company
- Forum Energy Metals Corp. opened trading at $0.385 per share
Forum Energy Metals (FMC) has increased the size of its non-brokered private placement from C$2.5 million to up to C$3.5 million.
Under the increased offering, Forum Energy will sell up to 7,777,777 flow-through units at a price of C$0.45 per unit for gross proceeds of up to C$3,000,000.
Red Cloud Securities Inc. is acting as a finder in connection with a majority of the offering.
Proceeds will be used to fund further exploration of the company’s uranium, copper, nickel and palladium projects in Saskatchewan.
Forum Energy Metals is a Canadian-based mineral resource company focused on the acquisition, exploration, and development of energy metals: copper, cobalt, uranium, and palladium.
Its projects include Fir Island uranium property, Henday Lake uranium property, Janice Lake Sedimentary Copper Project, Love Lake Copper-Nickel-Palladium Project, Quartz Gulch Cobalt Project, Idaho, Key Lake Road uranium project, Maurice Point uranium project, and North West Athabasca.
Forum Energy Metals Corp. opened trading at $0.385 per share.