COPPER, NICKEL, COBALT, PALLADIUM, URANIUM - A North American Energy Metals Discovery Company - Forum Energy Metals Corp.
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TSX.V: FMC
OTCQB: FDCFF
COPPER, NICKEL, COBALT, PALLADIUM, URANIUM
Exploration in #1 Mining Province in Canada
JUNE 2021
A North American Energy Metals Discovery Company
www.forumenergymetals.com
FEBRUARY 20, 2015
Disclaimer
The following presentation may contain forward-looking statements. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently
anticipated in such statements.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Forum’s
actual results, level of activity, performance or achievements to be materially different from those expressed or implied by
such forward-looking information. Such factors include, but are not limited to: uncertainties related to the historical resource
estimates, the work expenditure commitments; the ability to raise sufficient capital to fund future exploration or
development programs; changes in economic conditions or financial markets; changes in input prices; litigation; legislative,
environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or
an inability to obtain permits required in connection with maintaining, or advancing projects its exploration projects and labour
relations matters.
All historical estimates were completed prior to the implementation of NI 43-101. A qualified person has not completed
sufficient work to classify the historic estimates current mineral resources, and is not treating the historic estimates as
current mineral resources. Hence, they should not be relied upon. Technical information has been prepared in
accordance with the Canadian regulatory requirements set out in NI 43-101, and reviewed by Richard Mazur, P. Geo, MBA,
President, Chief Executive Officer and Director for Forum Energy Metals Corp. and Ken Wheatley, P. Geo, M.Sc.,Vice
President, Exploration, both Qualified Persons under National Instrument 43-101. It should be noted that mineral
resources, which are not mineral reserves, do not have demonstrated economic viability as defined by NI 43-101 .
www.forumenergymetals.com TSX.V: FMC 2
Copper
Uranium
GREEN
Nickel/
Palladium ECONOMY
www.forumenergymetals.com TSX.V: FMC 3
FORUM’S SOLUTION
Identify Quality Add Value Partner With
Opportunities Leading
Companies
Focus in Saskatchewan Our Business Model-
for 17 years Sound scientific Since 2004 Forum has
Seek undervalued approach and raised over 50 million
assets demonstrate low risk- and negotiated over
high reward potential. $100 million in joint
Acquire by means of
ventures.
claim staking or
opportunistic
investment.
4
A DIVERSIFIED ENERGY METALS COMPANY
$30 Million $6 Million Ni-Cu-PGM
Copper Exploration Uranium Exploration Nickel-Copper-Palladium
JV with Rio Tinto, one of the Funded by Orano (formerly 100% OWNED
largest copper miners in the AREVA), one of the largest
Greenfield project with world class
world. uranium miners in the world.
deposit discovery potential .
Canada #1 Mining Province Management Holds Technical + Finance + ESG
Saskatchewan is rated #1 by Fraser 10% Shares Forum’s Mission Statement – Apply a
Institute . sound scientific approach to attract
Skin in the game.
quality financial partners and deliver the
highest return to our shareholders and
the communities where we work.
5
CORPORATE OVERVIEW Management
Insiders & Management
10%
Ticker FMC:TSX-V Institutional Investors
13%
US Ticker FDCFF:OTCQB 2% Ross Beaty
70% Vendor of Project
Shares Retail Investors 5%
158,802,707 (Post financing) Transition Metals
outstanding Vendor of Project
37,312,996 @ $0.10, $0.14, $0.15, $0.20, $0.42, $0,57
Warrants (Dec/21 to May/25)
Options (at
10,205,000 @$0.10, $0.15 & $0.35
$0.10/$0.15)
Fully Diluted:
206,320703
Share Price $0.08 - $0.46
Range
Daily Volume >500,000
Market Cap $57 million
Cash $6.5 million ($4.5M Exploration/ $2M G&A)
Monthly Burn $70,000
Price $0.36 (June 28, 2021)
6
• President, CEO & Director, Richard Mazur is an Executive and Professional Geoscientist
(P.Geo.) with over 45 years of Canadian and international experience in the exploration
Management and mining industry as a project geologist, financial analyst and senior executive on base
metals, uranium, gold, diamonds, and industrial minerals projects. Mr. Mazur was a
founder of Forum in 2004. He is also currently a Director of Big Ridge Gold, Empress
Royalty, Impact Silver and Midnight Sun Mining.
• VP Exploration, Ken Wheatley is a Professional Geoscientist (P. Geo.) with the
Association of Professional Engineers and Geoscientists of Saskatchewan. With 40
continuous years of uranium exploration experience in Saskatchewan, Ken joined Forum
in 2007. Prior to Forum he worked with Orano (formerly AREVA Resources Canada Inc.),
one of the world’s largest uranium exploration and production companies and Uranerz
Exploration and Mining Limited. Mr. Wheatley has a record of mineral discoveries,
including eight uranium deposits, four of which became producing mines in the
Athabasca Basin, Saskatchewan.
• Chief Financial Officer, Dan O’Brien is a member of the Institute of Chartered
Professional Accountants of British Columbia and has over 15 years experience working
with public companies in the resource industry. Mr. O’Brien is the Chief Financial Officer
for a number of publicly listed exploration companies trading on the TSX and TSX-V
exchanges and was previously a senior manager at a leading Canadian accounting firm
• Geological Consultant, Boen Tan. PhD. Dr. Tan is a member of the Association of
Professional Engineers and Geoscientists of Saskatchewan and possesses over fifty years
of uranium exploration experience in the Athabasca Basin. Dr. Tan was instrumental in
the discovery of the 200 million pound Key Lake uranium deposit which was in
production from 1983 to 1997.
• Geological Consultant, Larry Hulbert, D.Sc. is a Registered Professional Geoscientist with
the Association of Professional Engineers & Geoscientists of Saskatchewan and the
Association of Professional Geoscientists of Ontario. Dr. Hulbert is a specialist in
magmatic nickel, copper and platinum-group element (PGE) deposits, Dr. Hulbert’s
extensive international career as a geoscientist includes work on many major magmatic
nickel-copper-PGE complexes in the world and is well regarded throughout the 7
international geological community.
7
Anthony Balme Mr. Balme is an active participant in a
Directors number of overseas resource ventures, both public
and private. Mr. Balme is a founder of Forum and
Chairman. He is the Managing Director of Carter
Capital Ltd. and A.M.C. Limited, two private UK
investment funds and sits on the Board of other
resource companies.
Anthony
David Cowan Mr. Cowan has practiced in the area of Burns Larry
securities and corporate finance for over 30 years.
Larry Okada Mr. Okada is a member of both the
Canadian Institute of Chartered Accountants and the
Washington CPA. He ran his own firm of Staley, Okada
and Partners until PricewaterhouseCoopers LLP
acquired his firm. Larry sits on the Board of a number
of resource companies and is Forum’s Audit Chairman.
Michael A. Steeves, CFA Mr. Steeves has been
involved in the mining industry for over 45 years in a
number of executive positions with Zazu Metals,
Glamis Gold, Coeur D’Alene Mines, Homestake Mining
and Pegasus Gold. Mike also worked for a number of Paul
years as a Mining Analyst . Mr. Steeves has a masters
degree in Earth Sciences and is a Chartered Financial Burns
Analyst.
Burns Singh Tennent-Bhohi Mr. Tennent-Bhohi is the
CEO and a Director of Glenpani Capital, a London UK
based private investment company.
Paul Dennison Director Paul Dennison has over 35
years executive experience with three of the world’s
leading investment banks: Credit Suisse, Merrill Lynch
& Deutsche Bank. Paul is based in Zurich and
Singapore as Managing Director with his firm,
Investments Asia Swiss GmbH.
Michael David 8
With strong joint venture partners – Forum is on the cusp
Discovery - Greatest % of a major discovery and being carried by majors Rio Tinto
and Orano to development and cashflow.
Return & Strong Partners
$6 Million
$30 Million
High risk high reward
$1 Million
Total
Exploration
Expenditures
$37 Million
Period before second largest gain
Speculator investors
Jump in
9
2021 – DRILLING FOR DISCOVERY
• 2021 is set to be a year for news flow with a $7 million drill budget
• Two drill programs completed in Q1 by JV partners on two projects- POSITIVE RESULTS
• Two drill programs to be completed in Q3
Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022
Drill Program Logistics
Janice Lake Copper (Rio Tinto)
Drilling/ Geophysics/ Mapping/Prospecting
Fir Island Uranium (Orano) Drilling
Wollaston Uranium (100% Forum) Gravity
Love Lake Nickel-Palladium (100% Forum)
Airborne EM & Drilling
Northwest Athabasca JV (39.5% Forum;
28% Cameco; 20% Nexgen; 12.5% Orano)
Proposed Drilling
Project Generation
10
10Janice Lake Copper/Silver Project
District Potential Copper Rio Tinto Option
Copper System Discovery 2018 for $30M in 2019
Sedimentary Copper Forum spent $500,000 Rio Tinto conducted
deposits are large. geological mapping,
and drilled 4 holes. geochemistry, geophysics
Ivanhoe- 25B lbs. Cu Intersected 5.7 metres and its second drill
of 2.18% Copper. campaign in 2020/21.
Forum optioned
100% in 2018 for
$500,000 in cash and
shares.
11The Forum/Rio Tinto Team
Ken Wheatley and Rick Mazur, FORUM – 5th and 4th from right respectively
www.forumenergymetals.com TSX.V: FMC 12RIO TINTO EXPLORATION CANADA
OPTION AGREEMENT
JANICE LAKE • Rio can earn 80% by spending $30 million/ Forum retains
20% interest
COPPER/SILVER PROJECT
• Rio spent $3.7 million in 2019; Drilled 21 holes
(100% FORUM)
• Rio spent $8 million (approx.) in 2020/21; Drilled 9 holes
13ACCOMPLISHMENTS
• REGIONAL MAGNETIC SURVEY
• TWO DRILL CAMPAIGNS- 30 HOLES (7,400M)
• GEOPHYSICAL ORIENTATION STUDIES
• GEOCHEMICAL ORIENTATION STUDIES
• RAB DRILLING- 25 HOLES (818M)
• REGIONAL MAPPING & PROSPECTING
• 110KM WINTER ROAD BUILT
• 80 PERSON ON-SITE CAMP BUILT
14
14JANICE LAKE-
a 52 KM (32 Mile) GOOD INFRASTRUCTURE
Copper District
Power, Highway and Winter Road access
to 80 person camp built by Rio Tinto
15RESULTS
• OPEN PIT TARGETS
• THICK SECTIONS OF COPPER INTERSECTED
IN 4 TARGETS OVER 6KM TO DATE – OPEN
ON STRIKE AND TO DEPTH
• HIGH GRADE INTERVALS > 1.5% COPPER
• FOUR STYLES OF MINERALIZATION- ROBUST
COPPER DISTRICT OVER 52 KM
• RAB DRILLING IDENTIFIED 2 MORE TARGETS
• REGIONAL MAPPING IDENTIFIED ANOTHER
PROSPECTIVE AREA 18KM SOUTHWEST
• 3.8% COPPER BOULDER DISCOVERED 16
16JANSEM CROSS SECTION
OPEN PIT POTENTIAL • 45 to 60 metres
thick Copper
intersected (incl.
9.1m @ 1.09% &
5.0m @ 1.32%) to
150m depth and
650m length
• Open along strike
and to depth
• Further drilling
required
17SUMMER 2021 EXPLORATION
• FURTHER DIAMOND DRILLING UNDERWAY
ON RAFUSE TARGET- 2.8KM LONG TARGET
• FOCUS ON HIGH GRADE STRUCTURAL
TARGET & STRATABOUND MINERALIZATION
• DENSITY OF REGIONAL MAPPING AND
PROSPECTING TO BE INCREASED IN
PROSPECTIVE AREAS
18
18AIRBORNE MAGNETICS
2021 regional exploration program to focus on the
discovery of new deposits in this 52km copper district
Copper/Silver mineralization is associated with
northeast trending magnetic highs
Area of Historical and Current Rio Tinto drill
programs; Drilling has only investigated 6km of
the 52km trend
Area of prospective copper potential; location of
3.8% Copper Boulder
www.forumenergymetals.com TSX.V: FMC 19Four targets of 20
targets drilled to date
Rio Tinto Drilled 21
holes on Jansem,
Janice & Kaz in 2019
and 9 holes on
Rafuse Rafuse in Q1/2021
Kaz
Drilling in 2021 will
continue at Rafuse
20
TSX.V: FMC 13LOVE LAKE
BATTERY METALS
(100% FORUM)
▪ NICKEL/COPPER/PALLADIUM/PLATINUM
▪ HISTORIC GRADES OF 0.23% Ni, 0.43% Cu,
4.3 g/t PALLADIUM, 3.6 g/t PLATINUM
▪ LIMITED DRILLING
www.forumenergymetals.com TSX.V: FMC 21LOVE LAKE PROJECT
Sample % % PPB PPB PPB
Cu Ni Pt Pd Au
WHAT LAKE TRENCH 4 grab 0.43 0.23 3580 4275 200
KORVIN HOLE 68-10 core 0.23 over 31.7 metres
KORVIN HOLE 68-11 core 0.29 over 36.6 metres
N Rabbit Granitoids Love Lake Project claim outline
Lake • Forum staked 32,075 ha,
Road
covering all known showings
in the area within the
Love Lake
prospective Swan River
SWAN RIVER Porter Bay
Swan River Pluton
COMPLEX Complex Mafic-Ultramafic Complex in
Complex s the Peter Lake Domain
Swan River id
ti o
Complex an
Gr
• Good Infrastructure;
Highway access to the
Monzonitic property
Suite
Love
Lake
Project
Granitoids Wathaman
Batholith
0 2 4km Cu-Ni-PGE
showing
www.forumenergymetals.com TSX.V: FMC 22LOVE LAKE PROJECT
EXPLORATION TARGETS (100% Forum)
Love Lake
pluton
1. Structurally–controlled Palladium
(Lac des Iles)
2. Reef style Platinum/Palladium
(Bushveld/Stillwater)
3. Magmatic Nickel/Copper/PGM deposits
(Voisey’s Bay, Nova Bollinger, Julimar)
www.forumenergymetals.com TSX.V: FMC 23LOVE LAKE COMPLEX – AIRBORNE MAGNETICS
MAGMATIC NICKEL- COPPER-PLATINUM-PALLADIUM TARGETS IDENTIFIED
ROAD TARGET
LOVE LAKE PROJECT
(100% FORUM)
100 SQ. KM COMPLEX
EM Survey results
pending on five targets
KORVIN TARGET
Drilling planned for
August 2021
www.forumenergymetals.com TSX.V: FMC 24EIGHT DRILL READY Forum’s Uranium Portfolio
ATHABASCA URANIUM
• Northwest Athabasca Forum 39.5%
PROJECTS- $6M JV WITH Cameco 28%
ORANO ON FIR ISLAND Nexgen 20%
Orano 12.5%
• Fir Island Forum 100% ($6M Orano JV)
• Henday
60% Rio Tinto
40% Forum
• Wollaston Forum 100%
• Key Lake Road
Highrock Forum 100%
Costigan Forum 65%
• Clearwater Forum 75%
25uranium, boron and unconformity
Fir Island 2021 Results offset increasing in this direction
10 drill holes for 3,051 metres in 2021
Results: a boron anomaly (dravite clays) and the
unconformity offset of the Cathy Fault increase to
NNE. An EM conductor appears along the Cathy Fault
under the lake and continues to the NNE.
Large gravity lows are present along this trend and at
up to 0.42% nickel over 5.2m the intersection with the Black Lake Fault (next slide).
www.forumenergymetals.com TSX.V: FMC 26Further exploration
Fir Island 2021 Results
programs will
investigate Cathy Fault
The Black Bay Fault, part of the major Snowbird to the intersection with
Tectonic Zone, hosts uranium mineralization both the Black Lake Fault
immediately beside the current project (Nisto
historic mine) and at the south end of the Athabasca
Basin, with Cameco’s Centennial deposit.
area to be
drilled
www.forumenergymetals.com TSX.V: FMC 27Wollaston Project
2021 Gravity Survey
Athabasca
Sandstone
The Wollaston Project was acquired by
staking by Forum.
Claims covered EM conductors that
were affected by NNE trending
structures. These provide structural
settings that allow uranium deposits to
form.
Gravity Survey in August
www.forumenergymetals.com TSX.V: FMC 28NORTHWEST ATHABASCA JOINT VENTURE
(Forum 39.5% / Cameco 28% / Nexgen 20% / Orano 12.5%)
• Three previous drill campaigns
• Numerous uranium discoveries on the project –
Zone A - 6m@5.65% U3O8
• 1.6 million pound Maurice Bay deposit grading
0.6% U3O8
• Many more targets to test.
www.forumenergymetals.com TSX.V: FMC 29CLEARWATER
(75% Forum / 25% Vanadian)
• Shallow, basement hosted exploration play
on strike with Fission’s Triple R deposit and
NexGen’s Arrow deposit
• Two previous drill campaigns with targets
to follow-up and new targets to drill
www.forumenergymetals.com TSX.V: FMC 30HENDAY • Two drill campaigns by Forum
(60% Rio Tinto / 40% Forum)
• One drill campaign by Rio Tinto
• Further drill targets identified
• Within 10 km of McClean Lake mill
www.forumenergymetals.com TSX.V: FMC 31COSTIGAN (65%)
HIGHROCK (100%) • Two projects located near the Key Lake mill
• Both have shallow basement hosted targets
• One drill campaign at Costigan; two drill
campaigns at Highrock with follow-up and
new targets to drill
www.forumenergymetals.com TSX.V: FMC 32TSX.V: FMC
OTCQB: FDCFF
Copper/Silver
Uranium
Energy Metals for
Batteries, EV’s, Nickel/Platinum/Palladium
Renewable Energy
Infrastructure and
Carbon-free Power
33Rick Mazur
+1-778-772-3100
mazur@forumenergymetals.com
www.forumenergymetals.com
Burns Singh Tennent- Bhohi
074-0316-3185
burnsstb@forumenergymetals.com
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