Forum encounters up to 2.2% U3O8

email Email  Print Print  
Tue, Nov 3, 2009
Uranium Company News
Post by Melissa Pistilli, Uranium Reporter

Forum Uranium Corp. reports that it has identified uranium values grading from 1544ppm U3O8 to 2.21% U3O8 on its Ukaliq project, Nunavut.

Forum entered into an Exploration Agreement with Nunavut Tunngavik Inc. (NTI) on the 27,344 hectare Ukaliq Project in March, 2009, whereby Forum can earn a 100% interest in the Ukaliq Project by incurring minimum annual rental payments, minimum annual exploration expenditures and completing 2,500 metres of diamond drilling within five years. Upon completion of a bankable feasibility study, NTI has the right to elect either to form a joint venture with a 20% participating interest or receive a further net profits royalty of 7.5% in addition to the 12% net profits royalty payable to NTI as a consequence of the Nunavut Land Claims settlement agreement with the Government of Canada.

For full details of this press release, click this link.

Uranium Investing News researchers discovered Forum’s project described on their website.

Follow developments in uranium mining and exploration for free.

Sign on to the Uranium Investing Newsletter.

Questions about this article? Leave a comment below or contact our editorial team at editor@resourceinvestingnews.com.

Leave a Comment

What is Uranium Investing News' Comment Policy?
Uranium Investing News pre-moderates comments on our blog posts and post-moderates comments on news stories. We never censor comments based on political or ideological point of view. We only delete those comments that include the following transgressions:

  • Are abusive, off-topic, use excessive foul language
  • Include ad hominem attacks including comments that celebrate the death or illness of any person, public figure or otherwise
  • Contain racist, sexist, homophobic and other slurs
  • Are solicitations and/or advertising for personal blogs and websites
  • Thread spamming (you've posted this same comment elsewhere on the site)
  • Are posted with the explicit intention of provoking other commenters or the staff at Uranium Investing News
  • Contains content that may infringe the copyright or intellectual property rights of others or other applicable laws or regulations.
Asides

  • Conferences and Trade Shows: For more information on the uranium market and companies, add the U2009 Global Uranium Symposium conference May 9-13, 2009 in Keystone, CO to your calendar.  Other shows include: Cambridgehouse, IIC, Chicago Resource Expo

  • The Uranium Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.

  • u3o8.biz Database of Uranium Companies/Uranium Stocks: A comprehensive list of uranium companies including: Trading Symbol, Share Price, Market Cap, Resource, Land Holdings, and Market Cap / U3O8 lbs

  • ResponsibleMiner.com is a new web site with a wiki for mining companies and suppliers can discuss best practices in the mining industry.  Also, check for profiles of companies doing great things to improve mining best practices.

Information