Forum Energy Metals Completes Funding Round

Forum Energy Metals Corp (TSE:FMC) has released an update.

Forum Energy Metals Corp. has successfully completed a private placement offering, raising a total of $956,343 through the issuance of 7,084,000 units at $0.135 each. Notably, insiders participated by subscribing for 780,000 units, contributing $105,300 of the total funds raised. The company, which focuses on uranium deposits in Canada, will use the proceeds for general working capital purposes.

For further insights into TSE:FMC stock, check out TipRanks’ Stock Analysis page.