Athabasca Basin
The Athabasca Basin of Saskatchewan is the single largest uranium producing region in the world and supplies over 30% of all the uranium produced from mines annually.

The "unconformity" deposit-types, located in the Athabasca Basin, are the most prolific deposit type in the world and are host the majority of economic mineable deposits around the world.

Forum's uranium exploration properties have been selected based on their proximity to known uranium deposits and with an exploration model based on at or near-surface uranium mineralization.

Thelon Basin
The Thelon Basin has similar geological potential as the Athabasca Basin and contains the 148M lb U₃O₈ Kiggavik Deposit owned by Areva. The Thelon Basin is one of the most under explored Uranium Basins with potential to host further world class unconformity-type uranium deposits.

History of Uranium Exploration in the Kiggavik Area
Exploration for uranium in the northern Thelon Basin was conducted primarily from the mid-1970's to the mid-1980's culminating in the discovery of the Kiggavik deposits located 80 km west of Baker Lake, Nunavut by Urangesellschaft Canada Ltd. AREVA acquired the project in 1993. The 101,000 hectare NTJV property was staked adjacent to AREVA's Kiggavik property in 2006. A uranium development policy for the Territory of Nunavut was adopted in September 2007 and shortly thereafter, AREVA and joint venture partners JCU (Canada) Exploration Company Limited and DAEWOO International Corporation announced the commencement of a two year feasibility study and the regulatory process to obtain the necessary approvals for a uranium mine and mill complex on the Kiggavik deposits (See AREVA News Release dated December 3, 2007). AREVA reports a resource estimate of 148 million pounds of uranium at an average grade of 0.24% U (0.28% U308).