Forum Energy Metals Corp. announced additional assay results from its 2023 summer drill program on its Thelon Basin uranium project located 100 km west of Baker Lake, Nunavut. Forum holds a 100% interest in 95,500 hectares of ground adjacent to Orano's 133 million pound Kiggavik uranium project.

Forum has received results from the last drill hole on the Tatiggaq zone, located five kilometres west of Orano's 93 million pound Andrew Lake and End uranium deposits. HIGHLIGHTS: Drilling at Tatiggaq shows continuity of high-grade uranium mineralization along a 250 metre trend with intercepts of 2.25% U3O8 over 11.1 metres, 0.40% over 12.8 metres and now 1.01% U3O8 over 6.2 metres in hole TAT23-004; TAT23-004 (West Zone) is located 150 metres southwest of TAT23-002 and 50 metres northeast of TAT23-003 and intersected 1.01% U3O8 over 6.2 m (from 161.0 - 167.2 m) including: 0.25% U3O8 over 2.8 m (161.0 - 163.8 m), 4.36% U3O8 over 1.3 m (164.6 - 165.9 m), Entire mineralized zone in TAT23-004 is 0.40% U3O8 over 18.9 m spanning 151.4 to 170.3 m. Tatiggaq: TAT23-004 was designed to target the Tatiggaq West zone to show the continuity of the mineralization identified from the wide-spaced historical drill holes. This hole reaffirmed the presence of steep-dipping, high-grade sub-parallel uranium lenses present over 250 m along trend including the Tatiggaq Main mineralization.

The full intercept has a significant thickness of 18.9 metres. The uranium mineralization in this hole is largely hosted within steep brittle structures in a medium-grained granite unit. TAT23-004 (West Zone) intersected 1.01% U3O8 over 6.2 m (from 161.0 - 167.2 m) including: 0.25% U3O8 over 2.8 m (161.0 - 163.8 m); 4.36% U3O8 over 1.3 m (164.6 - 165.9 m).

Tatiggaq Interpretation: Mineralization within the Tatiggaq deposit consists of two zones - the Main and West Zones and is located at depths between 80 and 180 m. The mineralization is hosted in a series of high-grade subparallel, steep, south-dipping fault zones that sit within a 50 m wide area (Figure 3). Individual high-grade mineralized structures are up to 10 m in width. The strike extent of the Main Zone is at least 60 m but is open to the northeast and the West Zone is now 150 m in strike length and is open to the southwest.

Further delineation is required between the two zones to determine if they are connected. In addition, the entire 0.7 km wide by 1.5 km long Tatiggaq gravity anomaly remains open for additional uranium mineralization both along strike of the known zones but also along numerous sub-parallel fault zones to the north and south.