Homeland Receives Permit to Commence Coyote Drill Program

Core Viewpoint - Homeland Uranium Corp. has received necessary approvals to commence its drilling program at the Coyote Basin Project, marking a significant milestone for the company [1][5]. Group 1: Project Approvals and Plans - The US Bureau of Land Management (BLM) and Colorado Division of Mine Reclamation and Safety (DMRS) have approved the Notice of Intent Permit for the drilling program [2][3]. - The approved drilling will consist of approximately 35 reverse circulation holes totaling around 17,000 feet (5,300 meters), focusing on historical resource-bearing locations [3]. - The entire Phase I exploration plan includes 50 to 70 holes totaling approximately 33,000 feet (10,000 meters) [3]. Group 2: Timeline and Execution - The company plans to finalize service contracts with the preferred drilling contractor and anticipates that the Part 1 drilling program will commence around October 15th [4]. - The timely receipt of the exploration permit is viewed as a significant milestone that shareholders have been awaiting since the company's inception [5]. Group 3: Historical Resource Estimates - The Coyote Basin Project is reported to contain an estimated historical resource of 8,850,000 tons grading 0.20% U3O8, totaling 35.4 million pounds of U3O8 [7]. - The historical resource estimate was calculated by previous operators based on a 1978-79 program involving surface sampling and drilling [7]. Group 4: Company Overview - Homeland Uranium is focused on becoming a premier US-focused uranium explorer and developer, owning the Coyote Basin and Red Wash uranium projects [6]. - The company is in the process of acquiring 100% of the Skull Creek uranium project, which is adjacent to the Red Wash project [6].