Uranium energy corp. purchases 60% interest in the henday project, athabasca basin, saskatchewan; forum retains 40%

Vancouver, british columbia--(newsfile corp. - august 23, 2023) - forum energy metals corp. ( tsxv: fmc) (otcqb: fdcff ) ("forum" or the "company") announces that uranium energy corp. ("uec") has acquired the 60% interest in the henday uranium project with forum as the 40% partner (see uec news release dated august 22, 2023). under terms of the initial option agreement, uranium energy corp. has the right to earn an additional 10% interest in and to the property by sole funding $20,000,000 in expenditures or delivering a feasibility study on the property, whichever occurs first.
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