Homeland's Phase I Program Confirms 14 km of Uranium Strike Potential at the Coyote Basin Project, Colorado, United States

Core Insights - Homeland Uranium Corp. has confirmed the presence of four variably radioactive stratigraphic horizons at the Coyote Basin Project, with anomalous radioactivity detected along a strike of approximately 14 km [2][6][3] Coyote Basin Project - The Phase I program has validated the location of previously identified radioactive horizons, showing elevated radioactivity levels up to nearly eight times background levels, reaching up to 400 counts per second (cps) [2][3] - The highest radioactivity was detected in Horizon 2, with significant radioactivity also found in the Open Gulch area, which is expected to be a focus in the upcoming Phase II drilling program [4][3] - A total of 89 rock samples have been collected for analysis, with results pending from the Saskatchewan Research Council [7][11] Red Wash Project - Mapping at the Red Wash Project confirmed a continuous weakly radioactive horizon with levels up to two times background, reaching 109 cps [8] - Five rock samples have been collected from this area, with geochemical results also pending [8][11] - An additional follow-up mapping and prospecting program is anticipated in summer 2026 to identify future drill targets [9] Future Plans - The company is awaiting federal and state approval for its Notice of Intent permit application, with plans to commence the Phase II drilling program in late Q3 or early Q4 of 2025 [3][6] - The objective of the Phase II program is to confirm uranium mineralization in the subsurface and locate higher-grade zones within the known historical mineralized horizons [4][6]