Forum Uranium Corp.

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  Suite 615, 800 West Pender Street
Vancouver, B.C.
Canada V6C 2V6
Tel No.: 604-630-1585
Web Site: www.forumuranium.com
E-mail: terriss@forumuranium.com
Contact Person: Matt Terriss
Position: Director of Corporate Affairs

Company Data

Traded Market: TSX-V
Traded Symbol: FDC
Outstanding Shares: 72,659,704
52 Week High: $ 0.195
52 Week Low: $ 0.07
Present Price: Click Here









Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of Canadian uranium projects. Forum has assembled a highly experienced team of exploration professionals with a track record of mine discoveries for unconformity-style uranium deposits in Canada. The Company has a strategy to discover near surface uranium deposits in the Athabasca Basin, Saskatchewan by exploring on its 100% owned properties and through strategic partnerships and joint ventures with Cameco, AREVA, Rio Tinto Exploration, NexGen and Uracan.

Projects in Hand

Five Well Located, Near Surface Projects in the Athabasca Basin, Saskatchewan:

  • Fir Island (100% Forum)
  • Key Lake Area Projects (100% Forum)
  • Maurice Point (100% Forum) & Northwest Athabasca Joint Venture (Forum 39.25%; NexGen 28.25%; Cameco 20%; AREVA 12.5%)
  • Henday (60% Rio Tinto / 40% Forum; RTX option to earn 70% for $20 million in exploration)
  • Clearwater (51% Option to Uracan)

(1) Fir Island Project

The Fir Island project is located along the north rim of the Athabasca Basin, northern Saskatchewan, located 200 kilometres by road to the Areva/Denison McLean uranium processing facility.

  • This project lies on a major structural lineament that runs across the entire Athabasca Basin (the Snowbird Tectonic Zone).
  • Cameco's Centennial project is on this trend with grades of 8.78% U3O8 over 33.9 metres reported.
  • This is similar to the lineament that runs across on the eastern side of the basin where 16% of world production comes from.
  • Prior to 2015, this project has not been drilled before, except for the holes testing the historic Nisto mine. In 2015, Forum drilled 10 holes and made a significant discovery on the east channel structure.

On November 22, 2016, Forum announced positive results from its summer 2016 gravity and till sampling programs.


  • Six high interest gravity anomalies were identified by a recent survey along the East Channel Structure.
  • The tills down-ice from three of the six new gravity targets returned anomalous geochemical values in B, Cu, Co, Pb, Ni, Mo and Y, providing excellent targets for future drill programs.
  • Forum plans further ground gravity surveys, till sampling and electromagnetic surveys in 2017 prior to drilling.

(2) Key Lake Area Projects

Forum's Key Lake Road projects are located south of Cameco's Key Lake deposits, and are underlain by rocks that host all the known uranium deposits in the eastern Athabasca Basin. Most of the projects also host a major shear zone (the Key Lake Road Shear Zone) and/or associated cross-cutting structures. The projects consist of 18 claims in a variety of properties: Key Lake Road, Highrock and Highrock South, Karpinka, Costigan (65% Forum) and Orchid.

Key Lake Mine Area: Highrock and Karpinka

Highrock Project

Positive geochemical results returned from initial drilling on Forum's 100% owned Highrock Project. Holes HR-06, 07, and 08 intersected zones of strong tectonization, elevated geochemistry, and alteration. Targets on the Highrock property are interpreted to be the same unit that hosts the Key Lake uranium mine located 15 km to the north.

Karpinka Project

Forum's summer 2016 drill program on its 100% owned Karpinka project returned very encouraging results. Of highlight was hole KAR-01 returned values of up to 87ppm uranium and 163ppm nickel.

Further drilling is recommended on a number of other shallow targets (combination of gravity and EM) on this underexplored project.

(3) Maurice Point (100% Forum) & Northwest Athabasca Joint Venture (Forum 39.25%; NexGen 28.25% Cameco 20%; AREVA 12.5%)

(A Fertile Property with Shallow Uranium Targets)

The 100%-owned Maurice Point Project consists of sixteen mineral claims, covering 33,777 ha along the margin of the Athabasca Basin. The property is located immediately adjacent to the 10,161 ha Northwest Athabasca (NWA) Joint Venture, which hosts the Maurice Bay deposit and numerous uranium showings on the northwest margin of the Athabasca Basin.

Ground gravity has defined 18 targets on NWA, 8 on Maurice Point – five drilled; four have intersected uranium.

Some drill intercepts:

  • Maurice Bay Deposit 1.5 million lbs. @ 0.6% U3O8 over 7.6 metres
  • Opie: 0.14% U3O8 over 7.6 metres
  • Barney: 2.32% U3O8 over 0.5 metres
  • Otis West: 40m intercept (0.21% U3O8 over 24.5 metres); Extended to the east
  • Zone A: 1.34% U3O8 over 3 metres

(4) Henday Project

The Henday Project covers 7,204 hectares at the north-eastern side of the Athabasca Basin, Saskatchewan. The property is strategically located north-east of Rio Tinto's Roughrider uranium deposit.

Rio Tinto has flown a comprehensive airborne EM and mag survey over the project. In winter 2016, RTX completed a 15 hole, 5,340.3 metre drill program on three target areas (Hollow Lake, Elephant and Epitaph) on the Henday Property. Of highlight was hole 16HDY007 at Hollow Lake which intersected anomalous uranium mineralization.

In October 2016, RTX commenced a resistivity survey on the Henday property. RTX is compiling the resistivity data in 2017.

(5) Clearwater Project

The Clearwater Project covers a total of 9,912 hectares adjoining Fission Uranium's Patterson Lake South claims to the southwest, on strike with the Triple R and Arrow deposits. Forum will be the Project operator until Uracan earns its 51% interest, after which Uracan may elect to become the operator.

Forum and Uracan have completed two drill campaigns and have identified numerous drill targets with strong alteration and geochemistry; further drilling planned.


Management and Directors

Richard J. Mazur, P.Geo, MBA, President, CEO & Director

Mr. Mazur is a geoscientist and businessman with more than 35 years international mining experience as a project geologist, financial analyst and senior executive on uranium, gold, base metals, diamonds and other minerals. Through his former Canadian uranium exploration experience, Mr. Mazur acquired Forum's initial Canadian uranium properties in 2004.

Anthony Balme, Non Executive Chairman and Director

Mr. Balme is an international Mining Financial Specialist. Mr. Balme is the Managing Director of Carter Capital Ltd. and A.M.C. Limited.

David Cowan, LLB, Director

Larry Okada, CA, Director

Michael A. Steeves, CFA, Director

Dr. Howard Haugom, Ph.D, Director

News Update

On January 16, 2017, Forum Uranium Corp. announced that it has closed the final tranche of its private placement previously announced on Dec. 15, 2016, and Jan. 5, 2017.

Forum raised a total of $1,695,040 in this round of financing, including an $800,000 strategic investment by the Shanghai-based private equity firm Holystone Energy Company Ltd.


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