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Forum Energy Metals Corp ( (TSE:FMC) ) has shared an update.
Forum Energy Metals Corp. announced the closing of the final tranche of its non-brokered private placement, raising an additional $518,000 by issuing 6,475,000 common shares. The proceeds from this offering, which includes participation from company insiders, are earmarked for general working capital. This move is significant for Forum’s operational funding and strategic positioning in uranium exploration, highlighting the company’s focus on leveraging capital for its exploration activities.
More about Forum Energy Metals Corp
Forum Energy Metals Corp. is dedicated to discovering high-grade unconformity-related uranium deposits in Canada’s Athabasca Basin, Saskatchewan, and the Thelon Basin, Nunavut.
YTD Price Performance: -16.67%
Average Trading Volume: 347,151
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$16.33M
For a thorough assessment of FMC stock, go to TipRanks’ Stock Analysis page.
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