• Project Summary
  • Royalty Description
  • Recent Updates
  • Project History

The  exploration stage Project is located on the northeast edge of the Thelon Basin in Nunavut Territory, approximately 100 km west of the Hamlet of Baker Lake. The Project is wholly owned and operated by Geiger Energy Corp. (“Geiger”), formally Forum Uranium. The Project covers approximately 95,519 hectares and is located directly adjacent to the west of the Orano operated Kiggavik advanced uranium project. The project is on trend with the Kiggavik uranium deposit, which features a historic indicated 127.3 million pound U3O8 mineral resource grading 0.55% U3O8 and historic inferred 5.4 million pound U3O8 mineral resource grading 0.33% U3O8.

The Royalty consists of a 2.0% gross revenue royalty on the Project. Geiger may buy-back one quarter (0.5%) of the Royalty upon payment to URC of $1,000,000 for a period of six months following the announcement of a successful pre-feasibility study. This option expires seven years after the Royalty is issued.

On June 24, 2025, Forum Energy Metals Corp. (“Forum”) announced that it had entered into a definitive arrangement whereby Baselode Energy Corp. (“Baselode”) would acquire all of the issued and outstanding common shares of Forum pursuant to a court-approved plan of arrangement. On August 29, 2025, Baselode announced the completion of the acquisition of Forum and subsequently on October 22, 2025, Baselode announced it would change the name of the combined company to Geiger Energy Corporation.

On October 1, 2024, Forum announced that its 2024 drilling program at the Aberdeen Project had concluded after thirty (30) diamond drill holes were completed between late June and late September for a total of 6,962 metres. In releases on November 26, 2024, and January 13, 2025, Forum reported result from the Tatiggaq zone, including 1.15% U3O8 over 2.4 m in hole TAT24-012, 1.31% U3O8 over 7.6 m in hole TAT24-014, 0.11% U3O8 over 35.3 m in hole TAT24-011, and 0.38% U3O8 over 0.3 m in hole TAT24-021. On January 21, 2025, Forum announced drill results from the program on the Qavvik zone, intersected a 296-metre-wide zone of uranium mineralization with grades up to 8.2% U3O8 in a newly identified lens and resulted in more than 20 assays with grades greater than 1% U3O8. On February 18, 2025, Forum announced drill results for the Ayra, Loki and Ned grids. The Ayra and Loki grids host strong clay alteration and elevated uranium values up to 72.8 ppm in the sandstone and 323 ppm in the basement.

Forum completed its drill program on the project in 2023, completing five holes on two uranium targets, Tatiggaq and Ned, for a total of 991 metres. In news releases dated September 12, September 26, and October 23, 2023, Forum announced assay results from drill holes on the Tatiggaq zone, including 2.25% U3O8 over 11.1 metres, 0.40% U3O8 over 12.8 metres and 0.82% U3O8 over 8.5 metres.

Note: Forum News Release titled, “Forum Drilling Extends Uranium Mineralization at the Tatiggaq Deposit, Aberdeen Uranium Project, Nunavut”, released on November 26, 2024, and available under the company’s profile on SEDAR+.

Cameco completed drilling exploration work on the project claims between 2008 and 2012. Cameco drilled 38 holes on the Tatiggaq Main and West zones prior to Forum’s acquisition of the project by staking in 2021.  The Qavvik uranium deposit was discovered in 2009 and the Tatiggaq uranium deposit was discovered in 2010. The claims were later abandoned. On February 1, 2022, Geiger announced that it acquired the Aberdeen Project by staking 40 claims totaling 53,402 hectares of ground formerly held by Cameco. Geiger staked further claims through 2022 and conducted additional exploration work on its legacy claims bringing its total claims held to 95,518 hectares.

The Qavvik uranium deposit consists of four steeply lenses 5 - 20 m wide, to a depth of 350 m, over a strike length of 250 m. Drill Hole DDH SAN-002 intersected four discreet mineralized intervals grading 0.92% U3O8 over 2.5m, 1.18% U3O8 over 4.3 m, 0.57% U3O8 over 1.6m, and 0.62% U3O8 over 2.2 m. The highest-grade mineralization intersected graded 5.69% U3O8 over 0.3 m. The Tatiggaq uranium deposit consists of two zones: the Main and West Zones, which average 30 m in thickness at a shallow depth of 80 - 100 m, and strike lengths of 80 m and 60 m respectively. Discovery Hole TUR-014A intersected 0.85% U3O8 over 13.7 m and 4.03% U3O8 over 0.5 m. Grades of up to 24% U3O8 over 10 - 30 cm widths with average grades of approximately 1% U3O8 were reported over these two mineralized zones.

Note: Forum News Release titled, “Forum Drilling Extends Uranium Mineralization at the Tatiggaq Deposit, Aberdeen Uranium Project, Nunavut”, released on November 26, 2024, and available under the company’s profile on SEDAR+.

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