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 highest grade deposit type in the world and host the highest grade deposits currently being mined.
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. The projects are located at or near the edge of the sandstone basin and are associated with major structures nearby or directly within the project.
Forum Uranium has several 100% owned projects, and several joint venture partners such as Cameco, AREVA, NexGen, Rio Tinto and Uracan.
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. Forum has one project in this area, the North Thelon project, which includes mineral claims on Crown land and Inuit-Owned land. This project is currently in care-and-maintenance mode until the price of uranium allows for the Kiggavik project to be restarted.