Uranium exploration

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Myriad Uranium Announces Details of Comprehensive Historical Assessment of Copper Mountain's Large-Scale Uranium Endowment
Newsfile· 2025-10-01 11:30
Core Insights - Myriad Uranium Corp. has obtained a comprehensive report from Bendix Field Engineering Corporation regarding the Copper Mountain uranium project, which reveals significant potential for uranium endowment in the area [1][2][3] Historical Assessment - The newly acquired report, titled "An Exploration Systems Approach to the Copper Mountain Area Uranium Projects," contains over 600 pages of detailed data analysis and interpretation, providing a solid foundation for future exploration [2][3] - The historical estimates indicate a potential mineral endowment of approximately 245 million pounds of uranium in the Control Area and about 655 million pounds in the larger Assessment Area [6][27] Control and Assessment Areas - The Control Area, centered on the Canning Deposit, is estimated to have a potential mineral endowment of around 245 million pounds of uranium down to a depth of 600 feet, with Myriad and its partner holding approximately 70% of this area [6][8] - The larger Assessment Area is estimated to have a potential mineral endowment of approximately 655 million pounds of uranium, with Myriad holding about 29% of this area [6][27] Exploration Targets - The study identified several probable target areas for extensive intermediate-grade uranium deposits, particularly in locations within the Control Area that previously lacked drill-hole data [6][24] - Myriad plans to utilize the findings from the Bendix study to develop enhanced exploration targets for the Copper Mountain project area [25] Methodology and Data - The assessment relied on a vast amount of geological, geochemical, and geophysical data, including information from 1,193 mineralized boreholes within the Control Area [19][20] - The structural scoring system developed for the assessment successfully delineated known uranium deposits and extended favorable trends related to these deposits [24][23] Future Plans - Myriad intends to integrate the new data into its exploration strategy, with plans for future drilling campaigns to verify the historical estimates and explore additional targets [10][25]
Purepoint Commences First-Pass Drilling at District-Scale Tabbernor Project
Newsfile· 2025-09-30 10:30
Core Viewpoint - Purepoint Uranium Group Inc. has launched its inaugural drill program at the Tabbernor Project, aiming to explore a largely untouched structural corridor in Saskatchewan's Athabasca Basin [1][2]. Company Overview - Purepoint Uranium Group Inc. is focused on uranium exploration with a dynamic portfolio of advanced projects in the Athabasca Basin, collaborating with industry leaders like Cameco Corporation and Orano Canada Inc. [15][16]. Project Details - The Tabbernor Project spans over 50,000 hectares and is strategically located along the Tabbernor Fault System, which is known for controlling gold mineralization and uranium occurrences [3][9]. - The project is approximately 40 kilometers south of Cameco's Eagle Point deposit and consists of 23 contiguous mineral claims covering an area of 51,670 hectares [10]. Exploration Strategy - The current drill program will cover 1,500 meters and test five targets across two high-priority areas within a 60-kilometer-long corridor of graphitic conductors [1][5]. - Over the past four years, Purepoint has conducted comprehensive exploration programs, including airborne VTEM, MobileMT, and gravity surveys, which have identified key markers for potential uranium deposits [4][5]. Structural Insights - The Tabbernor Fault System is a significant geophysical and geological structure that trends northward along Saskatchewan's eastern boundary, potentially influencing the location of uranium mineralization [12][13]. - Recent drilling on an adjacent property has intersected significant mineralization associated with the central Tabbernor graphitic structure, indicating the area's potential [11].
Atha Energy Closes Over-Subscribed Bought Deal - Makes Third New Discovery of 2025 Exploration Program at RIB West and Continues to Expand Mineralization at RIB East
Accessnewswire· 2025-09-18 12:50
Core Insights - ATHA has successfully closed a previously announced CAD $11.5 million over-subscribed bought deal [1] - The first two drill holes at the RIB West Discovery have intersected uranium mineralization over a strike length of approximately 340 meters [1] - This marks the third new discovery of uranium mineralization during the 2025 Angilak Exploration Program within the Angikuni Basin [1] - The RIB East Discovery is defined by eight mineralized drill holes, indicating shallow uranium mineralization across 7 million acres [1] - ATHA holds a 10% carried interest in key exploration projects in the Athabasca Basin operated by NexGen Energy Ltd [1]
Baselode Announces Approval of Plan of Arrangement by Forum Shareholders, Updates on Merger
Newsfile· 2025-08-19 21:14
Core Viewpoint - Baselode Energy Corp. has announced the approval of a plan of arrangement by Forum Energy Metals shareholders, allowing Baselode to acquire all outstanding shares of Forum at a specified exchange ratio [1][2]. Group 1: Shareholder Approval - 97.57% of Forum shareholders voted in favor of the arrangement during the special meeting held on August 19, 2025 [2]. - The arrangement required at least two-thirds (66⅔%) approval from the votes cast by Forum shareholders present or represented by proxy [2]. Group 2: Next Steps - Forum will seek a final order from the Superior Court of British Columbia on August 22, 2025, to approve the arrangement [3]. - Completion of the arrangement is expected shortly after receiving the final order [3]. Group 3: Baselode's Future Plans - Baselode's Annual General and Special Meeting is scheduled for September 16, 2025, where it will seek shareholder approval to change its name to Geiger Energy Corporation [4]. - The company will also seek approval for a potential consolidation of its common shares on a basis of one post-consolidation share for every five outstanding pre-consolidation shares [4]. Group 4: Geiger Energy Metals - Geiger Energy Metals will focus on uranium exploration, particularly developing its 100%-owned Aberdeen and Hook projects located in Nunavut and Saskatchewan [5]. - Leadership will include Dr. Rebecca Hunter as CEO and Stephen Stewart as Chairman, with additional board appointments from Forum's current directors [6]. Group 5: Company Background - Forum Energy Metals is focused on discovering high-grade uranium deposits in the Athabasca Basin and Thelon Basin [7]. - Baselode controls approximately 226,128 hectares for exploration in the Athabasca Basin area, free of option agreements or underlying royalties [9]. Group 6: Exploration Focus - Baselode discovered the ACKIO uranium prospect, which measures over 375 meters along strike and is comprised of at least nine separate uranium pods [10]. - The exploration thesis emphasizes discovering near-surface, basement-hosted, high-grade uranium orebodies outside the Athabasca Basin, utilizing innovative geophysical methods [11].
Azincourt Energy Commences Initial Work Program on the Harrier Uranium Project
Newsfile· 2025-08-13 07:01
Core Viewpoint - Azincourt Energy Corp. has initiated an introductory work program on the Harrier Uranium Project in Labrador, Canada, which is strategically located in a promising uranium region [2][3]. Company Overview - Azincourt Energy Corp. is a Canadian resource company focused on the acquisition, exploration, and development of alternative energy projects, including uranium and lithium [15]. Project Details - The Harrier Project encompasses 49,400 hectares across five license groups, making it one of the largest land positions in the Central Mineral Belt [3][7]. - The project includes the Snegamook deposit and is adjacent to significant uranium projects by Atha Energy and Paladin Energy, positioning Azincourt at the center of a growing uranium camp [3][7]. Geological and Mineralization Insights - The Harrier Project features over a dozen known uranium mineralization zones, with surface rock samples showing grades up to 7.48% U₃O₈, and 10 zones exceeding 1% U₃O₈ [4][7]. - Historical drilling has been limited, with only 124 drill holes completed, indicating substantial potential for new discoveries using modern exploration techniques [4][7]. Work Program Objectives - The introductory work program will last up to three weeks and includes helicopter-supported reconnaissance of existing uranium occurrences and prospecting of identified radiometric anomalies [5]. - The aim is to expand the target inventory and prepare high-priority targets for diamond drilling, particularly focusing on the Snegamook Uranium Deposit [5][6]. Future Plans - An updated NI 43-101 compliant resource estimate for the Snegamook Zone is planned for 2026, following historical drilling that identified significant uranium mineralization [6][7]. Industry Context - The Central Mineral Belt is recognized as one of Canada's most underexplored yet highly prospective uranium regions, with increasing interest due to the global demand for secure uranium supplies [11][13]. - The region hosts multiple large-scale uranium discoveries, including Paladin Energy's Michelin Project, highlighting its exceptional uranium endowment [12].
CanAlaska Announces Start of Drill Program at the Constellation Uranium Project
Newsfile· 2025-07-21 10:00
Core Viewpoint - CanAlaska Uranium Ltd. has announced the commencement of its 2025 drill program at the Constellation uranium project, marking the first drilling activity on this site, which is strategically located in the southeastern Athabasca Basin [2][8]. Group 1: Drill Program Details - The 2025 drill program will involve 1,100 to 1,400 meters of drilling, consisting of 3 to 4 drill holes targeting multiple areas identified through a recent helicopter-supported VTEM survey and ground prospecting [3][8]. - The drill program is fully funded by Bayridge Resources Corp. under an option earn-in agreement, which could lead to up to $5 million in exploration expenditures on the project [2][8]. Group 2: Geological Context and Target Areas - The Constellation project is situated in an area with favorable geology for basement-hosted uranium deposits, with strong electromagnetic conductors identified as potential targets for uranium mineralization [7][8]. - Target Area A has shown elevated uranium concentrations, with a maximum value of 52.5 ppm, while Target Area B has the highest concentration recorded at 488 ppm, indicating significant mineralization potential [9][10]. Group 3: Company Background - CanAlaska is a prominent explorer of uranium in the Athabasca Basin, holding approximately 500,000 hectares of uranium properties and focusing on Tier 1 uranium deposit discovery [14]. - The company has a project generator model and has recently achieved success in the West McArthur high-grade uranium expansion, indicating a strong track record in uranium exploration [14].
Skyharbour’s Partner Company UraEx Resources Commences Summer 2025 Drilling Program at South Dufferin Uranium Project, Athabasca Basin, Saskatchewan
Globenewswire· 2025-07-15 12:00
Core Viewpoint - Skyharbour Resources Ltd. has announced that its partner UraEx Resources Inc. has initiated a 2,600-metre diamond drilling program at the South Dufferin Uranium Project, aiming to explore high-potential uranium targets in the Athabasca Basin [1][2][4]. Company Overview - Skyharbour Resources Ltd. holds a diverse portfolio of uranium exploration projects in the Athabasca Basin, covering over 614,000 hectares [11]. - The company has established partnerships with various firms, including UraEx Resources, to advance its exploration projects [12]. - Skyharbour's strategic goal is to maximize shareholder value through new mineral discoveries and long-term partnerships [13]. Project Details - The South Dufferin project spans 13,204 hectares and is located south of the Athabasca Basin, near Cameco's high-grade uranium deposits [5]. - UraEx can earn an initial 51% interest in the South Dufferin property through CAD $4.6 million in project consideration, with the potential to increase to 100% through a total of CAD $9.8 million over five years [1]. - The current drilling program is fully funded with a budget of approximately CAD $1.5 million and is the first drilling activity at the site in over six years [2][3]. Exploration Potential - The drilling will focus on areas with historical geochemical anomalies and structural complexities, which are believed to indicate pathways for uranium-bearing fluids [3]. - Historical drill results from nearby projects have shown significant uranium mineralization, with results of 1.73% U3O8 over 6.5 metres and up to 8.78% U3O8 over 33.9 metres [5]. - The project is considered drill-ready, with several prospective targets identified for follow-up exploration [7]. Industry Context - The Athabasca Basin is recognized as the world's leading uranium district, contributing approximately 20% of global uranium production [4]. - The region has attracted substantial investment due to its rich mineralization and potential for new discoveries [4].
Standard Uranium Completes the First ExoSphere Multiphysics Program in the Southwestern Athabasca Basin on the Davidson River Project
Newsfile· 2025-07-15 11:30
Core Insights - Standard Uranium has successfully completed the first ExoSphere Multiphysics survey in the southwest Athabasca Basin at the Davidson River Project, unlocking new high-grade uranium targets [1][4][6] - The company plans to utilize the new data to refine drill targets for a summer drilling program, marking a significant step towards potential uranium discoveries [3][11] Group 1: Survey Details - The ExoSphere Multiphysics survey included three types of geophysical data: Ambient Noise Tomography (ANT), Horizontal-to-Vertical Spectral Ratio (HVSR), and ground gravity surveys [4][6] - The surveys were conducted over three major conductive corridors: Warrior, Bronco, and Thunderbird, providing critical 3D imaging of basement structures and alteration zones [4][6][11] - The survey results are expected to significantly enhance target areas by identifying density anomalies in the basement rock, which are often indicative of potential uranium mineralization zones [7][8][10] Group 2: Project Overview - The Davidson River Project covers 30,737 hectares and is located in a highly prospective area for basement-hosted uranium deposits, situated along trend from significant high-grade uranium discoveries [5][12][19] - The project consists of four main conductive corridors associated with graphitic-sulphidic structures, which are commonly linked to high-grade uranium systems [14][15] - Historical drilling has shown potential for significant uranium mineralization, with several priority targets identified across the four trends [16][19] Group 3: Future Plans - Following the analysis of the survey data, the company plans to execute a diamond drill program to test the highest priority targets, with drilling scheduled for August-September 2025 [11][12] - The upcoming drilling program will be the first since 2022 and aims to integrate positive results from previous campaigns with the newly acquired Multiphysics data [11][19] - The company is optimistic about the transformative potential of 2025 for the Davidson River Project, as it continues to develop its exploration strategy [3][11]
Forum-Baselode Announces Aberdeen Project Drilling Underway
Newsfile· 2025-07-10 12:30
Core Viewpoint - Baselode Energy Corp. and Forum Energy Metals Corp. have commenced drilling at the Aberdeen Project, focusing on the Loki Grid as a promising target for potential new uranium discoveries [1][2][3]. Group 1: Drilling Program Details - The drilling program at the Aberdeen Project plans to conduct 18-25 drill holes, totaling up to 7,000 meters, depending on results [4][5]. - The 2025 program aims to identify additional high-grade uranium discoveries to enhance the overall discovery potential in the district [4]. - Ground magnetic surveys are being conducted on 6 to 10 target areas to refine the main fault zones within the drilling areas [4]. Group 2: Target Areas and Characteristics - The first targets to be tested are Loki and Bjorn, with Loki showing strong clay alteration and elevated uranium levels (up to 30 ppm, which is 30 times the background) in the Thelon sandstone [5][6]. - The exploration includes both sandstone-covered targets and basement-only targets, with Loki and Bjorn prioritized for initial drilling [6]. - Historical drilling at Loki revealed uranium values significantly above background levels, indicating a high potential for discovery [6]. Group 3: Company Background and Assets - Baselode controls approximately 231,378 hectares for exploration in the Athabasca Basin, free of option agreements or underlying royalties [9]. - Forum Energy Metals holds a significant land position of 153,838 hectares in Saskatchewan and 95,519 hectares in Nunavut, focusing on high-grade uranium deposits [13]. - The Aberdeen Project hosts notable uranium discoveries, including the Tatiggaq and Qavvik prospects, which require further drilling to assess their full extent [14][15].
Atomic Minerals Receives TSX Approvals to Finalize Share Exchange Agreement for Quebec Mineral Claims and to Acquire Option on Saskatchewan Property
Newsfile· 2025-06-30 18:21
Core Viewpoint - Atomic Minerals Corporation has received TSX Venture Exchange approval to finalize a share exchange agreement for acquiring uranium properties in Quebec and Saskatchewan, which aligns with the company's strategy to enhance its uranium portfolio amid rising uranium prices [1][2]. Group 1: Acquisition Details - The company has entered into a share exchange agreement with Stratigraphic Capital Corp., acquiring 40 mineral concessions covering 2,351 hectares in Quebec's Mont-Laurier Uranium Property [1][3]. - As part of the transaction, Atomic Minerals issued 8,000,000 common shares at a deemed price of $0.015 per share, totaling $120,000, with a resale restriction of six months [4][5]. - The Saskatchewan Property consists of two mineral claims totaling approximately 5,355 hectares, with the company acquiring a 100% interest through an option agreement [6][8]. Group 2: Exploration Potential - The Mont-Laurier Uranium Property is located in a historically significant radioactive district, with previous exploration indicating low-grade uranium mineralization [3][7]. - The company plans to finalize exploration plans for both the Mont-Laurier and Saskatchewan properties, with activities expected to commence shortly [7]. Group 3: Financial Considerations - For the Saskatchewan Property option, Atomic Minerals issued 5,500,000 common shares at a deemed price of $0.015 per share, amounting to $82,500, and intends to pay an additional $50,000 in cash within three years [8][9]. - The company also has the option to purchase a 3% net smelter return royalty by issuing an additional 5,500,000 shares, subject to TSXV acceptance [9]. Group 4: Company Overview - Atomic Minerals Corporation is a publicly listed exploration company on the TSXV, focusing on identifying uranium exploration opportunities in underexplored regions with geological similarities to known uranium deposits [11][12]. - The company's portfolio includes uranium projects in three North American locations, with a historical production of 597 million pounds of U3O8 in the Colorado Plateau and additional projects in the Athabasca Basin [12].