Greenridge Exploration Inc. Stakes the Raven Uranium Project in the Athabasca Basin Region, Northern Saskatchewan, Canada

Core Viewpoint - Greenridge Exploration Inc. has successfully acquired the Raven Uranium Project in northern Saskatchewan, Canada, which consists of four mineral claims covering 6,269 hectares, with the potential for uranium mineralization in a region known for significant uranium deposits [1][4][6]. Company Overview - Greenridge Exploration Inc. is a mineral exploration company focused on acquiring, exploring, and developing critical minerals and precious metals projects in Canada, owning or having interests in 29 projects covering approximately 393,651 hectares [12]. - The company has one of the largest uranium property portfolios in Canada, consisting of 16 projects and additional claims covering about 221,509 hectares [13]. Acquisition Details - The Raven Uranium Project was acquired through low-cost staking and is located near Cameco Corporation's McArthur River Uranium Mine, with the claims fully owned by Greenridge and no underlying royalties [1][4]. - The new claims are contiguous to an existing claim owned by the company, enhancing its strategic position in the region [2]. Geological Context - Raven is situated outside the eastern margin of the Athabasca Basin, an area known for prolific uranium mines, and is considered underexplored with no historical drill holes reported [4][6]. - The property features over nine kilometers of a historical electromagnetic conductor, which is a favorable geological setting for uranium mineralization [5]. Exploration Plans - Greenridge plans to utilize data from a 2021 high-resolution airborne magnetic and radiometric survey for further exploration, with potential helicopter-borne airborne electromagnetic surveys planned for 2025 [8]. - The company aims to conduct additional surface work to follow up on the historical radiometric survey results [8]. Stock Options and RSUs - On June 2, 2025, Greenridge granted 450,000 stock options to directors and consultants, with an exercise price of $0.40 per share, and 1,300,000 restricted share units (RSUs) to certain directors and a consultant, with a structured vesting schedule [9].