• TSX-V: FMC

Copper

Exploring Saskatchewan’s Wollaston Copperbelt

Janice Lake Sedimentary Copper Project (Rio Tinto Canada Option)

In May 2019, Forum entered into a $30 million option agreement with Rio Tinto Canada to explore the Janice Lake Sedimentary Copper Property in north-central Saskatchewan. An additional 19,312 hectares has been staked to the southwest, doubling the size of the property to 38,250 hectares. The Forum/Rio Tinto partnership now controls the entire 52 km Wollaston Copperbelt District.

For further details of this agreement, please see the Company’s May 9th press release, which can be accessed by clicking on the following link:

https://forumenergymetals.com/site/assets/files/3792/2019-05-09_nr_rev_fmc_pqndi24wv.pdf

In August 2018, Forum completed a four hole first pass summer drill program, confirming the presence of high grade copper and the continuity of mineralization along strike and at shallow depths.

In 2019, Rio Tinto carried out a $3 million summer - fall drill program, completing 21 drill holes within the multiple drill targets shown in the map below. A table summarizing all drill results completed by Forum and Rio Tinto to date can be found on the home page.

In 2020 Rio Tinto has completed a 110km winter access road to site and completed a summer exploration program consisting of mapping, prospecting,  RAB (Rotary Air Blast) drilling and experimental geophysics over the known mineralization.   A major diamond drill program is planned for winter of 2021.

Target Areas & Drill Holes Completed by Forum & Rio Tinto 2018-2019

PALLADIUM

EVALUATING THE PALLADIUM PLATINUM Cu- Ni POTENTIAL AT LOVE LAKE, SASKATCHEWAN

Love Lake Copper-Nickel-Palladium Project

Forum staked 12 claims covering 30,836 ha to evaluate the potential for palladium and other PGM, gold, copper and nickel.  A detailed airborne magnetometer survey was completed in July 2020 and three main areas of possible feeder pipes were identified, along with several small pipes.   This was followed by a mapping, prospecting and sampling program in August; both outcrops and soils were sampled in the Road Target area and outcrops were sampled in the Korvin Lake area.  Plans for 2021 are an airborne EM survey, followed by a target specific ground EM survey, then a 3000 metre diamond drill program.

Simplified Geology Map. The Swan Lake Complex, hosts four separate PGM showings

COBALT

EXPLORING IDAHO’S COBALT BELT

Quartz Gulch Cobalt Project, Idaho, USA

Forum acquired the Quartz Gulch claim block which comprises 127 claims totaling 10.65 sq. kms. located approximately 5 kms to the southeast of eCobalt Solutions Idaho Cobalt Project, the only permitted cobalt mine development in North America. The Idaho Cobalt Belt has highly developed infrastructure and the Quartz Gulch property is easily accessed via the road to the past producing Blackbird mine. The Yellowjacket Formation, host to cobalt deposits in the area, trends onto the property.

Uranium

Exploring for Uranium in Saskatchewan’s Athabasca Basin

Forum is a uranium explorer searching for high-grade deposits in Saskatchewan’s Athabasca Basin, the most valuable uranium real estate in the world. The richest and highest grade uranium mines are found here. Saskatchewan supplies over 20% of all annual uranium mine production.

Forum’s exploration properties are located at or near the edge of the Basin boundary where they can search for near-surface uranium mineralization.  Properties have been selected based on their proximity to known uranium deposits or occurrences and are associated with major major structures and conductive zones located within the project.

In November 2019, Orano Canada Inc. entered into a $6 million option agreement with Forum to explore its Fir Island Uranium Property and completed a resistivity survey in late 2019 and a 6-hole diamond drill program in early 2020.  Further drilling will take place in early 2021.  FOrum is partnered with Cameco, Orano and NexGen at its NWA project, and with Rio Tinto on its Henday project.  Forum has recently staked the Wollaston project, located immediately south of the Rabbit Lake project, in anticipation of both the McClean Lake mill and the Rabbit Lake mill requiring new feed within about 10 years.


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