Vancouver, June 24, 2021 - Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum" or the "Company") is pleased to announce that, further to its news release of earlier today, due to significant investor demand, the Company has increased the size of its non-brokered private placement (the "Offering") from C$2.5 million to up to C$3.5 million. Under the increased Offering, the Company will sell up to 7,777,777 flow-through units of the Company (the "FT Units") at a price of C$0.45 per FT Unit for gross proceeds to the Company of up to C$3,000,000 (the "Offering"). Red Cloud Securities Inc. is acting as a finder in connection with a majority of the Offering.
The use of proceeds are for further exploration of the Company's uranium, copper, nickel and palladium projects in Saskatchewan.
About Forum Energy Metals
Forum Energy Metals Corp. (TSXV: FMC) has three 100% owned energy metal projects being drilled in 2021 by the Company and its major mining company partners, Rio Tinto and Orano, for copper/silver, uranium and nickel/platinum/palladium in Saskatchewan, Canada's Number One Rated mining province for exploration and development. In addition, Forum has a portfolio of seven drill ready uranium projects and a strategic land position in the Idaho Cobalt Belt. For further information: 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:
NORTH AMERICA
Rick Mazur, P.Geo., President & CEO mazur@forumenergymetals.com Tel: 778-772-3100
UNITED KINGDOM
Burns Singh Tennent-Bhohi, Director burnsstb@forumenergymetals.com Tel: 074-0316-3185
Not for distribution to United States Newswire Services or for dissemination in the United States
Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!