Diligence memo · auto-generated · as of July 2, 2026
Forum Energy Metals Corp
Forum Energy Metals Corp looks fair against its niche peers and is at-risk on financing cadence.
Businessfiled
Forum Energy Metals Corp operates in Mining & Resources, based in VANCOUVER.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Forum Energy Metals Corp has raised $742K in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Pre-Seed (a round under $1.0M).
Largest single filing: $407K on 2024-06-26.
Most recent recorded round closed around 2024-06-26.
Valuation (modeled)modeled
Provath models Forum Energy Metals Corp at approximately $1.0M (range $258K–$3.5M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.48× the median modeled value of Pre-Seed Mining & Resources companies in 2022–2024 (80 peers) — value vs value, same stage and era. Within the normal band (148% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 21 months.
Last raise 2.0 yr ago; this sector typically re-raises about every 11 months.
Past due for a raise versus sector cadence — watch for distress or a bridge.
The last round stepped up 3.5× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 28% of Mining & Resources peers (701 compared).
Modeled value ranks above 33% of those peers.
Closest niche peers: CMC Metals Ltd., Blueprint Mining I LLC, US Critical Metals Corp., Infinitum Copper Corp., Advanced Gold Exploration Inc..
Peoplefiled
20 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.