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