Forum Energy Metals – Drilling at 3 Projects this year, 2 with large partners and 1 fully owned by the Company
Rick Mazur, President and CEO of Forum Energy Metals (TSX.V:FMC – OTCBB:FDCFF) joins me to introduce this hybrid prospect generator/exploration Company that has 3 drill programs planned for this year. We discuss the Janice Lake Copper Project and Fir Island Uranium Project that are being drilled by Rio Tinto and Orano Canada respectively. The Company is also planning the first even drill program on the 100% owned Love Lake Copper-Nickle Palladium Project.
IF you have any follow up questions for Rick regarding any of the drill programs this year please email me at Fleck@kereport.com.
Click here to visit the Forum Energy Metals website and read over the Company’s Corporate Presentation.
I missed the run on this company Dec 2020 from 0.10 – something always struck me odd with such a low market cap ($10M back then) being able to sign two LARGE JV with majors like Rio Tinto and Orano.
Usually juniors are on the begging end with majors, diong dilutive deals.
FMC’s joint venture models clearly bring significant value to majors where they even pay premium to company value. Looking back this was even at $5 million value when they inked deal with Rio for $30m… why wouldn’t Rio just buy this entire company?!
With results coming – I’m picking some up with the selling pressure lately. No doubt news is coming May and with Rio/Orano/palladium results this should be a good flyer
Copper and Uranium in the same company for this price is a no brainer. This company was over $5.00 in 2011 when uranium spot was high. They managed to survive and are stronger than ever.
Good call Don – i didn’t look past 5 years but I believe you. …company WAS called Forum Uranium for the longest time until u3o8 fell outta favor!
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