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Company Information for Forum Uranium Corp

Company stock charts - 12 Month chart

Exchange TSX.V; FDC


View full financial data

Company Statement

Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of uranium projects. The Company has a 100% interest in over 190,000 hectares of uranium exploration properties, a 65% operating interest in the Costigan Lake Joint Venture with partner NVI Mining (Breakwater Resources) and a 50% operating interest in the Haultain River Joint Venture with partner Hathor Exploration in the prolific Athabasca Basin, Saskatchewan. Mega Uranium Ltd. has an option to earn a 55% interest in Forum’s Maurice Point project by completing $8 million in exploration over three years. Forum also has a 50% operating interest in the North Thelon Joint Venture (“NTJV”) with partner Superior Diamonds in over 100,000 hectares of prospective ground nearby AREVA's 130 million pound U3O8 Kiggavik uranium deposit in the Thelon Basin, Nunavut Territory. The NTJV has an option on 118,000 hectares of uranium potential in the Kiggavik area from Tanqueray Resources Ltd.


Current Operations

Maurice Point – 100% owned by Forum. Adjecent to Cameco’s Maurice Bay Deposit containing 1.3 million lbs U3O8 grading 0.6%. Mega Uranium has an option to earn a 55% interest by spending $8M over three years. 3,500 m drilling planned QI-2008.

Key Lake Road – 100% owned by Forum. Located 20km SW of Key Lake Mine which was discovered by Forum’s Chief Geologist in 1976. Exploration model indicates potential for near-surface unconformity style uranium mineralization; road accessible. 5,000 m drilling planned QI-Q2-2008.

Henday-100% owned by Forum. Located 10km NW of the AREVA McClean Lake Mill.  On the trend with the 40 million lb U3O8 AREVA/Denison Midwest Lake Mine Development. 5,000 m drilling planned Q1-2008.

North Thelon Joint Venture – Strategically located near the 130 million lb. U3O8 Kiggavik-Sissons Project currently under feasibility by AREVA Resources Canada Inc. 3,000 m drilling planned Q3-2008.


Geographical Spread

Athabasca Basin, Saskatchewan and Thelon Basin, Nunavut


Board of Directors and Key Management

Richard J. Mazur *, President, CEO & Director
Mr. Richard Mazur, P. Geo, MBA is a geoscientist who has held positions in the international exploration and mining industry for over 30 years as a project geologist, financial analyst and senior executive on uranium, gold, base metals, coal and industrial minerals projects in North and South America. Mr. Mazur worked over a ten year period (1974-1984) as a uranium exploration geologist in Saskatchewan, Nunavut, Yukon, Ontario, Quebec and the Maritime provinces for Pan Ocean Oil Ltd. Currently he is also a Director of Alto Ventures Ltd., Impact Silver Corp., and Tanqueray Resources Ltd.

Ken Wheatley*, Vice President, Exploration of the Company
Mr. Wheatley is a Professional Geoscientist (P. Geo.) with the Association of Professional Engineers and Geoscientists in Saskatchewan, Alberta and Northwest Territories/Nunavut.He has 27 continuous years of uranium exploration experience in Canada, most recently with AREVA Resources Canada Inc., one of the world's largest uranium exploration and production companies. He has an impressive record of discovery including eight uranium deposits, four of which became producing mines in the Athabasca Basin, Saskatchewan. Ken also managed the Kiggavik/Sissons project for AREVA, a project that contains a 130 million pound uranium deposit located in the Thelon Basin, Nunavut Territory, where Forum has a strategic land position.

Dr. Boen Tan*, Chief Geologist
Dr. Tan is a member of the Association of Professional Engineers and Geoscientists of Saskatchewan, and possesses over thirty-five years of uranium exploration experience. Dr. Tan joined Uranerz, a private German company, in 1969 and after a number of years as a field geologist in Germany and Australia, moved to Canada in 1973 as a senior geologist and Project Manager for Uranerz Exploration & Mining Ltd. (UEM), conducting uranium exploration in the Athabasca Basin.
Dr. Tan was instrumental in the discovery of the Key Lake uranium deposit and the development of the Key Lake Mine which produced 195 million pounds of U3O8 at a grade of 2.5% over a fifteen year mine life from 1983 to 1997. After the development of the Key Lake Mine, Dr. Tan continued to supervise UEM's uranium exploration and drilling programs in the Athabasca Basin, including regional exploration in the greater Key Lake area. Dr. Tan monitored the exploration and diamond drilling of UEM's joint ventures with Cameco until 1998. For the next seven years, Dr. Tan acted as a consultant to a number of companies within the uranium business and joined Forum as a Chief Geologist in 2005. He recently received the 2007 Outstanding Achievement Award from the Associateion of Professional Engineers and Geoscientists of Saskatchewan.

Anthony Balme, Director
Mr. Balme is an active participant in a number of overseas resource ventures, both public and private. Mr. Balme is the Managing Director of Carter Capital Ltd. and A.M.C. Limited, two private UK investment funds. He identifies early stage opportunities in the resource sector and arranges financings to advance projects to the public market. Mr. Balme is also on the board of River Diamonds PLC.

David Cowan, Director
Mr. Cowan is associate counsel with the law firm of Lang Michener LLP in Vancouver and has practised in the area of securities and corporate finance for over 15 years. He has represented numerous public and private companies in the mining and technology sectors and is also a director of Brazilian Diamonds Ltd and Alto Ventures Ltd.

Michael A. Steeves, CFA, Director
Mr. Steeves has been involved in the mining industry for over 40 years. He is currently the President and Chief Operating Officer of Zazu Metals Corporation, which is developing a large zinc-lead-silver deposit near the Red Dog mine in Northern Alaska. Prior to joining Zazu Metals, Mike was Vice President of Investor Relations for Glamis Gold, and also served as Director of Investor Relations for Coeur D'Alene Mines, Homestake Mining and Pegasus Gold. Mr. Steeves also worked as a mining analyst for many years with a number of Canadian Investment firms and as a geologist for senior mining companies in Canada and the United States. He has a Bachelor of Science Degree in Geology and a Master of Science Degree in Earth Sciences from the University of Manitoba in Winnipeg and is also a Chartered Financial Analyst.

* Qualified Persons under NI 43-101.

Company Address

#910 - 475 Howe Street
Vancouver, B.C. V6C 2B3

Telephone:+1 604-689-2599
Facsimile:+1 604-689-3609
Email:info[at]forumuranium.com
Website:http://www.forumuranium.com

Additional Address/Key Contact

Toll Free: 1-866-689-2599

Capital

62,826,283 Shares Outstanding
5,135,000 Options
5,315,888 Warrants
73,277,171 Shares Fully Diluted

Year End

November 30th

Nominated Brokers

Salman Partners Inc

Broker/Analyst Reports

07/12/07 - Salman Partners

Major Shareholders

Anglo Pacific Group plc 9.8 %
Management 8%

Related News

31/01/08 - Forum Uranium Boasts One Of Canada’s Premier Uranium Exploration Teams

Most Recent Statement

22/04/08 - Forum Uranium Drills into a Major Basement-Hosted Hydrothermal Alteration Zone at Maurice Point, Athabasca Basin, Saskatchewan
03/03/08 - Forum Completes $3 Million Financing With Agnico-Eagle and Options Agnico Uranium Property Adjacent to Kiggavik, Nunavut
21/02/08 - Forum and Mega Commence Drilling at Maurice Point Uranium Project, Athabasca Basin, Saskatchewan
06/02/08 - Forum Defines Seven Priority Uranium Exploration Targets, North Thelon Project, Nunavut
15/01/08 - Forum Mobilizes Three Drills For 13,000 Metres Drilling On Three Athabasca Basin Uranium Projects, Saskatchewan
03/12/07 - Forum Commences Drilling On Orchid Lake Project, Saskatchewan

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