Company Reports

REPORT: Forum Energy Metals- Hunting for Canada’s next major copper deposit with Rio Tinto (FMC)

03 Feb 2020 | by: Richard Mason

Since opting to extend its focus beyond uranium in 2018, Forum Energy Metals (TSX-V: FMC) has come a long way. Following a successful drilling campaign at its Janice Lake sedimentary copper project– its first foray into the energy metals space – the firm attracted the attention of major miner Rio Tinto. A $30 million exploration deal signed between the two in May 2019 now provides the necessary firepower to support the discovery of a “very large corridor of near-surface copper mineralisation” at the Saskatchewan-based property.

The firm subsequently staked another Saskatchewan property called Love Lake in June 2019, prospective not only for copper but also nickel, palladium, and platinum – three more critical energy metals.

Alongside this, the company retains a portfolio of promising drill-ready uranium opportunities in Saskatchewan’s prolific Athabasca Basin, home to the richest uranium deposits in the world. One of these projects, Fir Island, was recently optioned to Orano Canada in a $6 million option deal and will be drilled in early 2020.

In this exclusive report, our sister site focuses on the work undertaken at both Janice Lake and Love Lake in detail, highlighting the potential value that both could ultimately yield for Forum and its investors.

To download and read the report, please click here, Digitonic Ltd (and our owners, directors, officers, managers, employees, affiliates, agents and assigns) are not responsible for the content or accuracy of this article. The information included in this article is based solely on information provided by the company or companies mentioned above.

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

    More News & Analysis

    OYO IPO: what you need to know

    Indian tech unicorn start-up OYO intends to issue new shares in animminent $1bn IPO. Is the Airbnb competitor a good investment opportunity?

    Toast IPO: what you need to know

    With a $30bn valuation, Toast made its co-founders instant billionairres at IPO. Is this a restaurant tech stock a good long-term growth investment?

    Is Microsoft a good investment?

    When it comes to tech stocks, few could ever hope to reach the level of Microsoft, but is it a good investment?