Forum Energy Metals Corp (TSE:FMC) has released an update.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
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.