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Forum Energy Metals Corp ( (TSE:FMC) ) has provided an announcement.
Forum Energy Metals Corp. and Global Uranium Corp. have commenced exploration activities at the Northwest Athabasca Project in Saskatchewan, following the receipt of necessary permits. The project includes collaboration with local communities and aims to start diamond drilling by March, targeting several high-priority areas. This initiative is part of a joint venture with NexGen Energy, Cameco Corporation, and Orano Canada Inc., which allows Global Uranium to acquire a majority interest by investing $20 million. The exploration is expected to enhance the growth prospects of both companies by potentially expanding their resource base and strengthening their positions in the uranium market.
More about Forum Energy Metals Corp
Forum Energy Metals Corp. operates in the mining industry, focusing on the exploration and development of energy metals. The company is involved in joint ventures to explore projects in regions like the Athabasca Basin, with a market focus on uranium and other critical energy resources.
YTD Price Performance: -10.77%
Average Trading Volume: 320,405
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$17.59M
For an in-depth examination of FMC stock, go to TipRanks’ Stock Analysis page.
