Forum Energy Metals Corp. announced a non-brokered private placement of up to 7,407,407 units at a price of CAD 0.135 per unit for the gross proceeds of CAD 1,000,000 on June 3, 2024. Each unit will consist of one common share and one-half of one share purchase warrant.

Each warrant will entitle the holder to purchase one common share at a price of CAD 0.20 per Warrant Share for a period of 24 months following closing of the offering. The transaction is is subject to acceptance by the TSX Venture Exchange. All securities to be issued will be subject to a four month hold period in accordance with applicable securities laws.