Forum Energy Metals Corp (TSE:FMC) has released an update.
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Forum Energy Metals Corp. is raising up to $1,250,000 through a private placement involving shares and flow-through units, with the funds earmarked for general working capital and exploration expenses on Canadian uranium properties. The financing includes issuing shares at $0.08 and flow-through units at $0.10, with warrants allowing purchase of additional shares. This strategic move is subject to TSX Venture Exchange approval and reflects Forum’s commitment to advancing its exploration endeavors.
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