• TSX-V: FMC

Copper

Exploring Saskatchewan’s Wollaston Copperbelt

Janice Lake Sedimentary Copper Project (Rio Tinto Canada Option)

Forum has recently entered into a $30 million option agreement with Rio Tinto Canada to explore the Janice Lake Sedimentary Copper Property in north-central Saskatchewan. Rio Tinto has committed to $3 million in exploration expenditures over the next 18 months and will begin a program this summer. 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 project 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

A four hole first pass summer drill program completed in August 2018 confirmed the presence of high grade copper and the continuity of mineralization along strike and at shallow depths.

21 drill holes completed within the Multiple drill targets shown in the map below have all been reported as of December 3, 2019. A table summarizing all drill results completed by Forum and Rio Tinto in the 2018-19 can be found on the home page.

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

PALLADIUM

EVALUATING THE PALLADIUM POTENTIAL AT LOVE LAKE, SASKATCHEWAN

Love Lake Nickel-Copper-Platinum-Palladium-Gold Project

Forum staked 10 claims covering 27,896 ha to evaluate the potential for palladium and other PGM, gold, and base metals.

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. Properties have been selected based on their proximity to known uranium deposits or occurrences and are associated with major nearby deposits or major structures directly within the project. The Company’s exploration model is based on near-surface uranium mineralization.

In November 2019, Orano Canada Inc. entered into a $6 million option agreement with Forum to explore its Fir Island Uranium Property.


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