Global Uranium and Forum Energy Metals Commence Camp Construction in Saskatchewan

Global Uranium Corp. and Forum Energy Metals have announced the start of camp construction and planned geophysical surveys at the Northwest Athabasca Project in Saskatchewan. The project includes a Time Domain Electromagnetic Survey (TDEM) and Direct Current Resistivity and Induced Polarization (DCIP) Survey on the Spring Bay target. The surveys aim to enhance drilling target precision by identifying areas of high potential.

A 20-person camp is being established near Maurice Bay, with materials transported by aircraft and ice road from Uranium City. The Spring Bay target features a significant gravity low anomaly, with previous drills showing elevated uranium levels. Scheduled surveys will refine the targeting strategy to maximize the site's value.

Global Uranium holds an option to gain a 51% interest in the project by investing $9M over four years, while Forum Energy Metals operates the project. These developments reflect the collaborative approach to exploring uranium deposits in the region.