THE CRITICAL INVESTOR

Dear subscriber,

Forum Energy Metals landed by far the largest JV of this year for a tiny junior, with a C$30M deal together with super major Rio Tinto. The project Rio chose to explore as the operator is the Janice Lake Sedimentary Copper project in Saskatchewan, which reportedly could have the potential for a 500Mt target. Rio will spend C$3M guaranteed on the first and ongoing drill program, and I assume that results will come out in 1-2 months. Intriguing will be if Rio likes what it sees, and elects for a follow-up program or bails out. The bet is binary, but Rio doesn't show up at every juniors' doorstep just like that with a bag full of cash. Read more about it here:

Rio Tinto Busy Drilling At Forum Energy Metals’ Janice Lake Copper Project In C$30M JV

Regards,

The Critical Investor