[Music] thank you welcome to CEO insights I'm Marilyn De Guzman with investing News Network today I'm joined by two Executives from Forum energy Metals Rick Mazer president and CEO and the company's VB of exploration Dr Rebecca Hunter I saw you both nice to be you thanks Maryland yes so good to have you so Rick the last time we spoke we talked about the increasing demand for Uranium driven by the re-emergence of nuclear energy as low carbon more sustainable alternative for fossil fuel based power generation


now Rebecca and is here to talk about to so we can delve into the details a little bit more about your company's projects and exploration plans but before we do that if you couldn't just provide an introduction to our viewers about what form energy Metals is and what your projects are well sure Mary Lynn uh The Forum energy medals is listed on the TSX Venture exchange symbol FMC and we're over the counter in the United States on the QB FDC FF um I started the company in 2004 as a uranium company was called Forum uranium


and then we pivoted into uh energy Metals uh in 2018 when when we could see the uh the move for a net carbon zero economy and the need for electrification so we uh not only have uranium which is a critical mineral for uh nuclear energy we also got involved in some projects uh in Copper which is used for energy transmission obviously electrical transmission and then the battery Metals uh we we have some projects nickel and Cobalt so that's quite a bit of a you know portfolio of assets um could you talk a bit more about your


company's business model and exploration strategy yeah sure um well number one uh we uh focus on safe jurisdiction and that's Canada uh Canada is a very safe jurisdiction where you can explore and develop uh Minds to production well our current uh assets are in Saskatchewan and Nunavut uh secondly we focus on world-class deposits um we we started out the company looking for unconformity style uranium deposits in the Athabasca Basin which is a world-class part of the planet for for Uranium


um and and then we we also focus in in under explored uh geological terrains that that have tremendous opportunity for the development of a world-class deposit uh for example we got involved in the Janus Lake copper project in Saskatchewan which we ended up optioning to uh Rio Tinto for a couple of years uh and they spend 14 million dollars in that project a potential you know world-class uh um sedimentary copper style project and we've just recently picked up some very key strategic claims in the ceylon Basin of of none of


it for Uranium which will we can talk about a little bit later and lastly strong management um you know we've got a good team on the board of directors uh I've got a good um team in the back office and with the CFOs and and uh corporate secretary executive people and more importantly the technical management and that's where uh someone like Rebecca comes in who's just recently joined us as as vice president of exploration uh here at four right and I I want to speak to Rebecca a little later about specific


um exploration plans for the company but before I do that I understand you recently announced a two million dollar financing for drilling so why this focus on the uranium project well uh listen in the world there's a lot of these uh basins these Pro what are called protozoic basins uh but only three of them have economic uranium deposits associated with them uh the the type of uranium deposit that is called an unconformity uranium deposit and and these are are very very high grade deposits uh the most prolific uh of course is in


the Athabasca Basin of Saskatchewan and then the other Basin that has proven economic deposits is the MacArthur Basin in the Northern Territory of Australia and the third Basin is the Felon Basin here right here in Canada in in none of it in Canada's Arctic and there is a an uh economic deposit there that we believe is economic held by orano called the kigovic uranium project uh and uh that's that's the third base in in the world that only hosts and economic deposit of of any size and


that's what we're looking for uh is is a big deposit in the thelon basin and Rebecca I wonder if you could provide a little bit more perspective on this as the feedback exploration what is it about the project in Nineveh that leads you to believe that uh you know the thelon B's in this analogous to the prolific Athabasca basin well the a lot of the reasons around it is that the Phelan Basin is um is a large Sandstone base and it's just like the Athabasca so more or less is the same type as saying it's also the same


age so they're pretty old 1.7 billion years old and and then they overly rocks um in the basement we call the basement rocks underneath the Sandstone Basin and they're of similar age too and character and I think the largest um and the most important similarity is that you have these large fault zones and it's the fault zones the child fluids and precipitate uranium and the filam Basin has very similar structures that the Athabasca does so so what are the drilling uh plans for that Nunavut project in the Thailand


basin so we want to do and Achieve two things so the main one is to expand and kind of just start the delineation process on tatagax so we already have you know an in-house resource of seven million pounds at the tadigact zone and it's a huge anomaly it's 1.5 kilometers long it has a lot of room to expand but for this year we just want to get in to the zones that we already have and basically um infill them a bit more so they were drilled at the end of 2012 and so that was actually the last year that camaco


was up there and so they're pretty widely spaced Sterling so we're just going to get in there and expand the resource and infill and then the second thing we're going to do is that we know that in order to get really sustained excitement up in the philon Basin we need to find something big and so we have all these other targets across the property and we've chosen two of them that are the most prospective they're all along a great structure like I was talking about before for grade anomalies


and they're called The NED and the Bjorn grid and we're going to get in there and we're going to basically be elephant hunting we're looking for you know we're wanting to try to see if that the thelon hosts similar size the high grade high tonnage deposits at the Athabasca can so is um how long the like is that um something that you anticipate that you're sort of doing the drilling for the rest of the year like what's the timeline that you're looking at for this year we're just having a small


program so we're gonna try to drill about 2 000 meters and we're gonna drill about four or five holes at tadigak and the other two holes or two or three holes we're gonna do into some of these other exciting anomalies um and that's going to be done in July of this year um so that's kind of what we're planning on doing it's great and and assuming that you're you find success in your drilling um this year what are the plans going forward so the hope is is to to yell I mean


we're gonna expand and and um you know basically show that there's mineralization at tadigac and so hopefully that gets some excitement going and then we get you know larger budgets and the real plan is that we'd like to tackle the property with two drills we want to get a camp in there and and uh really ramp up for 2024 and and and work the property in a real sustained way yeah I wonder and Rick if you you wanna uh chime in as well so you know the Athabasca Basin that's sort of right


there it's proven you know it's it's sort of a mature area and then the Thailand Basin is here so what's the implication now I wonder what would that mean for your company if you do find a successful um you know Discovery in the tilap basin well uh Mary Lynn we believe that this project up and none of it in the thelon Basin can be a transformative project for the company um we we do believe that uh as as Rebecca mentioned that the potential for very large uh uranium deposits uh exist


uh on the property that that we hold all we have to do is get in there and and drill it but we feel um we feel very confident that there's uh there there's some very big uranium deposits to be found um in in none of it uh on our thelon project right then that's very exciting and I'm sure are the investor Community you know is going to be looking forward to see some of the results like do you have some timeline on when you expect uh some results from your exploration will be available


um well in July we'll like at least at the very least we'll have probe results and similometers so just the devices that measure radioactivity so we'll be able to give pretty real-time results uh but at least by the end of July and then our assay results will probably be more trickling in in September October all right sounds great um well thanks and we're going to be looking forward to seeing those results and we wish you all the best thank you very much okay thanks Maryland okay thank you Rick


and Rebecca for joining us today um and thank you everyone for joining us join us again next time for another engaging conversation on CEO insights [Music] foreign