About Forum Energy Metals
Forum and its partners explore for energy metals to support the emerging green/electric economy: Most notably Uranium, Copper, and Nickel-PGMs in and around Saskatchewan’s Athabasca Basin, and Cobalt in Idaho, which is set to emerge as North America’s first primary producing cobalt region.
Entering the 2022 exploration season, Forum’s primary focus will be its extensive Athabasca Basin uranium property portfolio where drill permit applications have been submitted on five of its nine drill-ready uranium projects. Exploration plans for the Company’s Idaho cobalt project will be determined on receipt of pending sampling results.
- A 3,000m drill program is planned for January at the Company’s 100% owned Wollaston project located in the eastern part of the Athabasca Basin within close proximity to Cameco’s Rabbit Lake and Orano/Denison’s McClean Lake uranium mills.
- At Fir Island, located on the northeast edge of the Athabasca Basin, Orano Canada can earn a 70% interest by spending $6 million in exploration ($2.5 million to date). A resistivity survey is scheduled to commence in March prior to planning a new drilling program.
- Drill permit applications have been submitted and preliminary exploration planning is underway at Highrock (100%), Costigan (65%) and Clearwater (75%) uranium projects, which have also received expressions of interest for partnering from third parties.
- Mobilization of camp and equipment is planned to begin at the Northwest Athabasca Joint Venture Project (Forum 39.5%, NexGen 28%, Cameco 20%, Orano 12.5%), which is host to the historical 1.5 million lb. Maurice Bay deposit (600,000 tonnes grading 0.60% U3O8 to a depth of 50m – Not NI 43-101 compliant. Although sourced from Saskatchewan Industry and Resources Miscellaneous reports 2003-07, which are believed to be relevant and reliable, the resource estimate has not been verified by a Qualified Person and as such Forum is not classifying this estimate as a current mineral resource).
- Forthcoming exploration plans for the Quartz Gulch cobalt property located on trend to Jervois Global’s Idaho cobalt mine, scheduled to begin mining operations in Q3 2022, will be determined on receipt of results from last October’s sampling and prospecting program.
To learn more about Forum, please contact:
Rick Mazur, CEO & President
For more about the activity in the Athabasca Basin and to view the digital map, go to https://digigeodata.com/area/athabasca-basin/