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Forum Energy Metals Corp ( (TSE:FMC) ) has issued an announcement.
Forum Energy Metals Corp. and Global Uranium Corp. have commenced the construction of a 20-person camp at the Northwest Athabasca Project in Saskatchewan, Canada, and planned geophysical surveys, including Time Domain Electromagnetic and Direct Current Resistivity, which will start in March. These surveys aim to refine drill targeting at the Spring Bay target, which is known for its strong gravity low anomaly and historical uranium findings, thus enhancing the project’s potential value and positioning the companies to capitalize on the site’s resources.
More about Forum Energy Metals Corp
Forum Energy Metals Corp. operates in the energy sector, focusing on the exploration and development of mineral resources, particularly uranium deposits, in Canada. The company is noted for its strategic partnerships and emphasis on utilizing advanced geophysical techniques to enhance resource identification and extraction.
YTD Price Performance: -15.38%
Average Trading Volume: 324,340
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$16.68M
See more data about FMC stock on TipRanks’ Stock Analysis page.
