Forum Uranium has discovered a new rare earth element occurrence upon review of its uranium geochemical databases in Saskatchewan and Nunavut. Subsequent follow-up exploration during the 2009 summer exploration season resulted in the identification of alkaline intrusive rocks outcropping over a 10 km by 10 km area located 13 kilometres southeast of Areva's Kiggavik uranium deposit in Nunavut.
The "Nutaaq" area (Inuktitut for "Something New") is 100% owned by Forum, subject to a 2% net smelter royalty to Nunavut Tunngavik Inc.
More on the Nutaaq Project...
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